Rule 7 — GAR

7. Agreements of the Central Government with the Reserve Bank The Central Government has entered into an agreement with the Reserve Bank of India by virtue of which the general banking business of the Government (in which business is included the receipt, collection, payment and remittance of moneys on behalf of the Government) is carried on and transacted by the Reserve Bank in accordance with and subject to the provisions of the agreement and of the Reserve Bank of India Act, 1934, and also in accordance with and subject to such orders as may, from time to time be given to the Reserve Bank by the Central Government.

7. Department of Electronics.

7. Do. Do. CooperationAssistances 0 Credit Cooperatives. Grants in aid by State Govts. to Credit coop. Grants for Credit Co-operative Institutions in underdeveloped States. 2425-Cooperation. Assistance to Credit Cooperatives. Grants for Credit cooperative Institutions in underdeveloped States. 8. 7601- Loans & Advances to State Govts, 03- Loans for Central Plan Scheme Loans for CooperationCredit Cooperatives. For relending Loans to Credit Cooperatives Institutions in underdeveloped States. 6425-Loans for Cooperatives, Loans to Credit CooperativesLoans for Credit Co-operative Institutions for under developed States.

7. Reservists of the Indian Army employed under the Central or State Governments will, when called up for periodical military training receive military pay and allowances. They will also receive the excess if any of their civil pay over military pay.

Provided that this concession is specifically sanctioned by Department of the Government of India or the head of the attached or subordinate office concerned or by the 'State Governments in whose employ the reservists are serving in their civil capacity. Except where the civil pay of the reservists is met from the Defence Services Estimates the extra expenditure involved will not constitute a charge against the Defence Services Estimates. 7-A. Civil, Central or State Government servants who are members of the various Army, Navy, and Air Force Reserves (excluding the reserve of the officers) will when called up for periodical training receive pay and allowances as under:—

(a) during the transit period they will be entitled to their civil rates of pay and allowances to be met from the Budget to which such expenditure is normally debitable.

(b) for the period of training (excluding period of transit) if the pay and allowances (including concessions in kind e.g. free ration etc.) admissible as a reservist are less than the pay and allowances admissible in the civil post the difference will be paid and debited to the Budget head to which the individual's civil pay is normally debitable.