REGISTERED No. D. 221
The Gazette of India
EXTRAORDINARY
PART II—Section 2
PUBLISHED BY AUTHORITY
No. 37] NEW DELHI, TUESDAY, JULY 24, 1973/SRAVANA 2, 1 895
Separate paging is given to this Part in order that it may be filed
as a separate compilation.
LOK SABHA
The following Bills were introduced in Lok Sabha on the 24th July, 2973: —
BILL NO. 55 or 1973
A Bill further to amend the Reserve Bank of India Act, 1934.
BE it enacted by Parliament in the Twenty-fourth Year of the Republic of India as follows: —
1. This Act may be called the Reserve Bank of India (Amendment) Short title.
Act, 1973.
2 of 1034
2. In section 17 of the Reserve Bank of India Act, 1934, after clause Amend- ment of section 17.
(13), the following clause shall be, and shall be deemed always to have been, inserted, namely: —
''(3A) participation in any arrangement for the clearing and settlement of any amounts due from, or to, any person or authority on account of the external trade of India with any other country or group of countries or of any remittances to, or from, that country or group of countries, including the advancing, or receiving, of any amount in any currency in connection therewith, and, for that pur- pose, becoming, with the approval of the Central Government, a member of any international or regional clearing union of central banks, monetary or other authorities, or being associated with any such clearing arrangements, or becoming a member of any body or association formed by central banks, monetary or other similar authorities, or being associated with the same in any manner;''.
( 629 )
630 THE GAZETTE OF INDIA EXTRAORDINARY [PART I I-STATEMENT OF OBJECTS AND REASONS
As a result of a series of discussions and negotiations conducted under the auspices of the ECAFE, i.n operational agreement for establishing a." Asian Clearing Union was finalised at a meeting of senior Government and Central Bank officials held at Bangkok in February 1973. Subse- quently, at the Annual Session of the ECAFE held at Tokyo in April 1973, the establishment of an Asian Clearing Union was formally ap- proved. The Asian Clearing Union would organise and operate a clear- ing mechanism which would! consolidate and clear at iixed intervals all receipts and payments on current visible and invisible transactions among its members, so that they have to collect or pay only the ultimate outstanding balance.
2. Under the terms of the Asian Clearing Union agreement, the mem- bership of the Union shall be open to Central Banks and Monetary Authorities of regional members and associate members of the ECAFE. Accordingly, it is for the Reserve Bank of India to sign the agreement and become a member of the Asian Clearing Union. The Reserve Bank of India, being a body corporate constituted under the Reserve Bank of India Act, 1934, can only transact those businesses which it is authorised by that Act to transact. Under the existing provisions of the Reserve Bank of India Act, 1934, the Reserve Bank is not competent to partici- pate in any arrangement for the clearing and settlement of any amounts due from, or to, any person or authority on account of the external trade of India with any other country or of any remittances to, or from that country and in not also competent for that purpose to become a mem- ber of any international or regional clearing union of Central Banks. It is, therefore, necessary to amend the Reserve Bank of India Act, 1934, to empower the Reserve Bank to enter into any such arrangement and, for that purpose, to become a member of any international or regional clearing union of Central Banks.
3 The Bill seeks to achieve the said object.
Y. B. CHAVAN.
NEW DELHI;
The 10th July, 1973.
SEC. 2] THE GAZETTE OF INDIA EXTRAORDINARY 631Bill No. 60 of 1973
A Bill to authorise payment and appropriation of certain sums from and
out of the Consolidated Fund of the State of Manipur for the ser-
vices of the financial year 1973-74.
BE it enacted by Parliament in te Twenty-fourth Year of the Re-
public of India as follows: —
Sb"rt 1. This Act may be called the Manipur Appropriation Act, 1973.
titie
Isiue
ofR*.
16 of 1973.
2. From and out of the Consolidated Fund of the State of Manipur there may be paid and applied sums not exceeding those specified in column 3 of the Schedule amounting in the aggregate [inclusive of the sums specified in column 3 of the Schedule to the Manipur Appropriation (Vote on Account) Act, 1973] to the sum of forty-seven crores, sixteen lakhs and twenty-seven thousand rupees towards defraying the several charges which will come in course of payment during the financial year 1973-74 in respect of the services specified in column 2 of the Schedule,
47,16,27,009 out of the Con- solidated Fund ot t be State of Manipur tor the •naneial
1B7I-T4.
Appw- priaWons.
3. The Bums authorised to be paid and applied from and out of the Consolidated Fund of the State of Manipur by this Act shall be appro- priated for the services and purposes expressed in the Schedule in relation to the said year.
flga THE GAZETTE OF INDIA EXTRAOBDINARY [PAMT I I-THE SCHEDULE
(See section 2 and 3)
2
1 1
3
1
1
1
S u ms n ot exceeding
S e r v i c es a nd p u r p o s es j
j Total
No. of Vow
V o t ed by P a r l i a m e nt
Charged en the
Consolidated Fund
Rs.
Ru.
Rs.
i L a nd R e v e n ue . . ..
20,00,000
20,00,000
S t a te E x c i se . . ..
2,00,000
2,00,000
2
a
T a x es on V e h i c l e*
1,31,000
I,3l,0OO
3
S a l es T ax . . ..
1,89,000
I,89,O00
4
O t h er T a x es a nd D u t i ei
7,000
7,000
5
S t a m ps . . . ..
30,000
30,000
6
R e g i s t r a t i on
93,000
9:3,000
7
Interest on Debt and othtr
1,64,31,000
Obligmkms •
1,64,3IOO"
P a r l i a m e n t, State a nd U n i on T t r r i-
>
10,58,000
tories Legislature
42,000
11,00,000
G e n e r al A d m i n i s t r a t i o n,
1,09,36,000
6,28,000
1,15,64,000
9
A d m i n i s t r a t i on of Justica
4,17,000
1,83,000
6,00,000
10
jails
7 OO.OOO
*7 no don
II
Police . . . ..
13,000
3,5-1,87,000
3,55,00.000
12
Civil Supplies . . ..
6,50,000
6,50,000
13
E d u c a t i on . . ..
5,55,14,000
5,55.14.00°
M
M e d i c al
1,10,01,000
I,XO,OI,OOO 15
Public H e a l th
46,33,000
46,33,ooo 16
Family^Planning]
11,05,000
11,05,000
17
Agriculture a nd Fisheries
78,41,000
78,42,000
18
A n i m al H u s b a n d ry
32,35.000
32,35,000
19
C o - o p e r a t i on
i5,50,oo"
15,50,000
2O
I n d u s t i i es
46,77,000
46,77,000
31
C o m m u n i ty D e v t l o p " " at
1,04,40,000
1,04^0,000
33
L a b o ur , . , , .
4,25,000
4J5.00O
• •
33
Statistic^ . . ..
8,11,000
8,11,000
• •
34
Irrigation . . ..
24,20,009
24,20,000
• •
Electricity . . ..
1,14,00,000
• *
1,14,00,000
2b
SEC. 2] THE GAZETTE OF INDIA EXTRAORDINARY 633I
2
Sums not exceeding
1 Services and purposes
No. of Voie
Voted by Parliament
Charged on the Consolidated Total
Fund
Rs.
Rs.
Rs.
Famine
3o
82,00,000
82,00,001
Pension and Other Retirement
3i
Benints
10,80,000
10,80,000
Stationery and Printing
10,00,000
32
10,00,000
Forest
30,89,000
33
30,89,000
Miscellaneous
34
88,81,000
1,000
88,82,000
Copltal Outlay on Public Health .
84,00,000
35
84,00,000
Capital Outlay on Irrigation, Naviga-
36
tion and Drainage Works
1,50,00,000
1,50,00,000
Capital Outlay on Flood Control .
20,00,000
20,00,000 37
Capital Outlay on Electricity
38
145,00,000
1,45,00,000
Capital Outlay on Roads
2,35,00,000
2,35,00,000
39
Capital Outlay on Buildings
2,76,98,000
2,76,98,000 4o
Capital Outlay on Road Transport.
8,00,000
8,00,000 41
Capital Outlay on State Trad ng
10,12,10,000
10,12,10,000 42
Appropriation—Repayment o/Lov s
j,;o,oo,ooo
2,50,00,000
Capital Outlay on Indus1 iial and
43
Ec nomic Development
55,99)000
55,99,000
84,21,000
84,21,000 Loans and Advances
44
TOTAL .
42,91,77,000 4,24,50,000 47,16,27,000
634 THE GAZETTE OF INDIA EXTRAORDINARY [PART II—SEC. 2]STATEMENT OF OBJECTS AND REASONS
This Bill ia introduced in pursuance of article 204(1) of the Consti- tution and the Proclamation issued under article 356 of the Constitution in respect of the State of Manipur on the 28th March, 1973, to provide for the appropriation out of the Consolidated Fund of the State of Manipur of the moneys required to meet the expenditure charged on the Consolidated Fund of the State of Manipur and the grants made by the.Lok Sabha in respect of the estimated expenditure of the Govern- ment of Manipur for the financial year 1973-74.
K. R. GANESH.
PRESIDENTS RECOMMENDATION UNDER ARTICLE 207 OF THE CONSTITUTION OF INDIA
[Copy of letter No. F. 3(49)-B/73, dated the 19th July, 1973 from Shri K. R. Ganesh, Minister of State in the Ministry of Finance to the Secretary, Lok Sabha.]
The President having been informed of the subject matter of the proposed Bill to provide for the withdrawal of certain sums from and out of the Consolidated Fund of the State of Manipur for the services of the financial year 1973-74, recommends under clauses (1) and (3) of article 207 of the Constitution of India and the Proclamation dated 28th March, 1973, issued under article 356 of the Constitution, the Introduction of the Manipur Appropriation Bill, 1973, in the Lok Sabha and also the consideration of the Bill.
2. The Bill will be introduced in the Lok Sabha immediately after the Demands for Grants, for the expenditure of the Government of the State of Manipur for the year 1973-74 have been voted.
S. L. SHAKDHER,