• Skip to main content
  • Skip to primary sidebar
  • Home
  • Holidays 2022
  • CSD Price
  • Pay Matrix
  • Expected DA

CGEN.in

Central Govt Holiday List | 8th Pay Commission Latest News

cegn logo
You are here: Home / 7th Central Pay Commission / Festival advance, Bicycle Advance, Warm Clothing Advance, Interest Bearing Advances – Views of Indian Audit and Accounts Department

CSD AFD Canteen Online Portal - List of AFD Items

CSD AFD Price List PDF Download 2021
CSD Canteen Gas Stove Price List 2021
CSD Canteen Chimney Price List 2021

Honda Activa CSD Price List 2021
CSD Royal Enfield Bullet Bike Prices – Chennai Depot

Festival advance, Bicycle Advance, Warm Clothing Advance, Interest Bearing Advances – Views of Indian Audit and Accounts Department

Last Modified: February 23, 2016

Festival advance, Bicycle Advance, Warm Clothing Advance, Interest Bearing Advances – Views of Indian Audit and Accounts Department

Bicycle Advance, Warm Clothing Advance

Festival advance, advance in the event of natural calamities like Flood, Drought, Cuclone etc

Advance of TA to a family of a deceased Govt. Employee.

Interest Bearing Advances:- The Pay Commission has recommended abolishing of Motor Car/Motor Cycle Advance.

Views of Indian Audit and Accounts Department

These advances may continued to be paid as per existing rules as these are admissible only to low paid employees upto Grade Pay of Rs.2800/- (Level 5)

These advances may continue to be paid as per existing rules as these interest free advances are payable to Group ‘B & C ‘employees as a welfare measure.

This advance may continue to be paid as per existing rules as this helps the family of a deceased Govt. employee to cope with immediate expenses for travel to their place of settlement.

The Pay Commission has abolished the Motor Car/Motor Cycle Advance on the plea that there are several schemes available in market. There are several schemes in the markets for House Building Advance also. However, the Pay Commission has not only recommended to continue with HBA but also proposed to increase the ceiling. Therefore, the plea of the commission to discontinue MCA on the basis that schemes for purchase of vehicles are available in the market does not hold good.

Further, several documentation/guarantees are required for seeking the said advances from the market. As it is convenient and safe for a Government Servant to avail such advances from the office without any hassles, these interest bearing advances may be continued as per the extant provisions.

Source: https://drive.google.com/file/d/0B7nIuoyYNiJUZkdmYWQySk1QTnM/view

Also read this...

  • Issues related to Interest Free Advances and Medical Advance – Views of Indian Audit and Accounts Department
  • Views of Indian Audit & Accounts Department on the recommendations of 7th CPC
  • TA Advance : Views of Indian Audit and Accounts Department
  • LTC Advance : Views of Indian Audit and Accounts Department
  • Issues related to House Rent Allowance : Views of Indian Audit & Accounts Department
  • CEA, CCL, SCL – Views of Indian Audit & Accounts Department
  • Recommendations of 7th CPC: Views of Indian Audit & Accounts Department
  • Modified Assured Career Progression Scheme (MACPS): Views of Indian Audit & Accounts Department
  • Advances to Central Govt Employees : Rate of Interest during 2015-16
  • February 23, 2016 Tagged With: 7th Central Pay Commission, Advances, Festival Advance, Indian Audit & Accounts Department Filed Under: 7th Central Pay Commission, Advances

    Reader Interactions

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Primary Sidebar




    Latest Update

    • Rationalisation of Income Tax Slabs 2022 March 28, 2022
    • Central government Retirement Age 2022 March 28, 2022
    • Reservation Limits for Financially Weaker Segments March 28, 2022
    • Senior Citizens Welfare Plans 2022 March 28, 2022
    • Request to Hike Minimum Pension under EPF Pension Scheme March 28, 2022
    • Central Government Health Scheme Card Fees for Retired Govt Employees March 26, 2022
    • Fixed Monthly Incentive Received by ASHAs of Rs. 2000 PM March 26, 2022
    • Computer Advance Interest Rate to Government Servants 2022-23 March 26, 2022
    • Official Announcement – Bank Strike On March 28-29 Against Privatisation March 26, 2022
    • Indian Government is Planning to Issue E-Passports in 2022-23 March 26, 2022
    • Issue of Retiring from the Indian Air Force at a lower rank March 26, 2022
    • Air India LTC Fares updated as of 04 March 2022 March 25, 2022
    • Air Travel on Government Account: Railway Board Order March 25, 2022
    • Travelling Allowance to person re-employed in Railways March 25, 2022
    • Risk Allowance to the Defence Civilian employees March 25, 2022

    Copyright © 2022 - https://cgemployeesnews.in/