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Buy and sell up to three times the salary

The restrict for acquisition and sale of property by authorities staff with out prior discover to division heads has been elevated to a few instances the essential wage. The present restrict of Rs 25,000 has been elevated. The Civil Service Reforms Division has issued a notification on this regard. The necessity of the workers to revise the ceiling in a well timed method is a actuality.

Staff and lecturers should notify the federal government in accordance with the Service Guidelines of the acquisition and sale of property (movable or immovable). This must be included within the property report submitted by January 15 of every yr. The supply of the cash must also be proven. Earlier these had been crammed out in a particular type. Now you may pay on-line at Spark. The final time an unannounced transaction restrict was raised was in 2009. 25,000, so even in the event you purchase a house equipment above this, you need to inform the federal government. That is now 3 times the essential wage.


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