• About us
  • Contact us
  • Our team
  • Terms of Service
Sunday, March 15, 2026
Kashmir Images - Latest News Update
Epaper
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER
No Result
View All Result
Kashmir Images - Latest News Update
No Result
View All Result
Home BUSINESS

Major Relief for Employees: Govt relaxes GPF settlement norms

KI News by KI News
February 21, 2018
in BUSINESS
A A
0
FacebookTwitterWhatsapp

JAMMU, FEBRUARY 20:  In a major relief its employees, the State Government today relaxed norms for settlement of final GP Fund final refund cases by the District Fund Offices and other Fund Offices.

The announcement in this regard was earlier made by the Minister for Finance, Labour and Employment, Dr Haseeb A Drabu in his budget speech in the State Legislature last month. “The employees face considerable difficulties in the settlement of their GP Fund cases at the time of their retirement and they are asked to produce a certificate relating to withdrawals since their joining of service. Government employees will, henceforth, be required to furnish only credit and debit statements for the last five years for their final GP fund withdrawal, Dr Drabu had said in his budget speech.

More News

Commercial LPG sale starts in 29 states, UTs; raids stepped up to check black-marketing

LPG ‘crunch’ eats into eateries’ business, coal price spikes; anti-hoarding raids in UP, K’natka

Two more Indian ships safely cross Strait of Hormuz, 22 others on standby

Load More

Following the announcement made by Dr Drabu in his budget speech, the Finance Department today issued the formal orders in this regard.

As per the orders issued by the Principal Secretary Finance, Mr Navin Kumar Choudhary, the employees at the time of settlement of final GP Fund (refund) claims, only last five years debit and credit statements showing withdrawals (both refundable and non-refundable) and subscriptions made by the subscriber respectively shall be required to be furnished.

It further said that where the information for such period is not readily available with the Drawing and Disbursing Officer due to non-availability of records (having gutted in fire or due to any other reasons like floods, theft, any other natural calamity), an indemnity bond (as per format available in the General Provident Fund Manual and recast vide Govt Order No:  187-F of 1999 dated 15.10.1999) shall be obtained from the concerned subscriber and his nominee(s)/successors (s) indemnifying the Government from any loss arising due to any un-accounted sum of advance and withdrawal as may be located subsequently. The indemnity bond, duly furnished by the retired subscriber/his nominee(s)/ successor (s), shall be accepted by the DDO wherefrom the GP Fund refund claim of the subscriber is forwarded to concerned Fund Office.

The order further states that while accepting indemnity bond, the DDO shall ensure that averments made by the subscriber/his nominee(s)/ successor(s) in the indemnity bond, recording therein the reasons of non-availability of records, are supported by collateral evidence like FIRs etc.

All other provisions regarding the settlement of GP Fund final refund claims as contained in the GP Fund Manual or any other instructions, orders, guidelines and rules etc shall be deemed to have been modified to the above extent.

Previous Post

Fisheries Deptt Bandipora organizes farmers’ exposure tour

Next Post

Govt issues Policy, Operational guidelines to enforce expenditure, fiscal discipline

KI News

KI News

Kashmir Images is an English language daily newspaper published from Srinagar (J&K), India. The newspaper is one of the largest circulated English dailies of Kashmir and its hard copies reach every nook and corner of Kashmir Valley besides Jammu and Ladakh region.

Related Posts

Commercial LPG sale starts in 29 states, UTs; raids stepped up to check black-marketing

Niti Aayog working on proposal ‘to replace LPG subsidy with cooking subsidy’
March 14, 2026

New Delhi: Commercial LPG cylinder distribution has begun in 29 states and Union Territories, while authorities have stepped up raids...

Read moreDetails

LPG ‘crunch’ eats into eateries’ business, coal price spikes; anti-hoarding raids in UP, K’natka

Niti Aayog working on proposal ‘to replace LPG subsidy with cooking subsidy’
March 14, 2026

New Delhi:  Eateries have cut their menus, increased prices, while many have moved to coal to surmount the LPG crisis,...

Read moreDetails

Two more Indian ships safely cross Strait of Hormuz, 22 others on standby

March 14, 2026

New Delhi:  Two Indian ships carrying LPG from the Gulf countries crossed the Strait of Hormuz early on Saturday morning,...

Read moreDetails

Economic Stabilization Fund to help deal with unanticipated crisis: Sitharaman

India loves celebrating and recognising its diversity: Finance Minister Sitharaman
March 13, 2026

New Delhi:  Finance Minister Nirmala Sitharaman on Friday said the Rs 1 lakh crore Economic Stabilization Fund will help in...

Read moreDetails

India, US engaged in talks on bilateral trade pact: Commerce ministry

Defence deals boost India-US ties, new era in relations, say experts
March 13, 2026

New Delhi:  India and the US remain engaged in discussions for a mutually beneficial bilateral trade agreement, the commerce ministry...

Read moreDetails

D-Street investors become poorer by Rs 33.68 lakh cr since beginning of West Asia conflict

March 13, 2026

New Delhi:  Investors' wealth eroded by Rs 33.68 lakh crore since the beginning of the West Asia conflict, which has...

Read moreDetails
Next Post

Govt issues Policy, Operational guidelines to enforce expenditure, fiscal discipline

  • About us
  • Contact us
  • Our team
  • Terms of Service
E-Mailus: kashmirimages123@gmail.com

© 2025 Kashmir Images - Designed by GITS.

No Result
View All Result
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER

© 2025 Kashmir Images - Designed by GITS.