Group C and Group D employees have been exempted from the policy. Transfers of group A and group B officers would be affected only between May 16 and June 30.
Transfers of gazetted officers would be done with the consent of the ministers concerned, the policy said.
Teachers, nurses and doctors have been exempted from the policy. Transfers of doctors would be done as per the policy of the medical department, it said.
Tax experts say valuation of shares is a grey area and may lead to litigation
Experts see it as a step towards making FMC independent