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Madhya Pradesh Gazette · Government of Madhya Pradesh

Madhya Pradesh hereby notifies the sale (re-issue).......

Published 01 November 2018

Department
वित्‍त
Type
Extraordinary
Gazette no.
591
Identifier
in.gazette.madhya.2018-11-01.591.Extraordinary
Languages
English, Hindi
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मध्यप्रदे श शासन

सत्यमेव जयते

मध्यप्रदेश राजपत्र

(असाधारण )

प्राधिकार से प्रकाशित

क्रमांक 591

भोपाल, गुरुवार , दिनांक 1 नवम्बर 2018- कार्तिक 10, शक 1940

वित्त विभाग

मंत्रालय, वल्लभ भवन, भोपाल

Bhopal , the 1st November 2018

No. F- 1-1-2018-19/B - 07 - DMC - IV.-Government of Madhya Pradesh hereby, notifies the sale of Rs - issue 8.36 % MP GS 2021 for an aggregate amount of Rs . 600 crore (Nominal ) . The sale will be subject to the terms and conditions spelt out in this notification ( called specific notification ) as also the terms and conditions specified in the General Notification No. L- 1-1-2007-B - 7 - IV, dated July 20 , 2007 of Government of Madhya Pradesh .

Object of the Loan :

1. ( i ) The proceeds of the loan will be utilized for financing productive development programmes and projects to be implemented in the State .

( ii ) Consent of Central Government has been obtained to the floatation of this loan as required by Article 293(3 ) of the Constitution of India.

Method of Issue :

2. Government Stock will be sold through the Reserve Bank of India , Mumbai Office ( PDO) Fort , Mumbai -400 001 by auction in the manner as prescribed in paragraph 6.1 of the General Notification No. L- 1-1- 2007 -B - 07 - IV, dated July 20, 2007 at a coupon rate to be determined by the Reserve Bank of India at the price based auction under multiple price formats .

Allotment to Non- competitive Bidders :

3. The Government Stock up to 10% of the notified amount of the sale will be allotted to eligible individuals and institutions subject to a maximum limit of 1 % of the notified amount for a single bid as per the Revised Scheme for Non- competitive Bidding Facility in the Auction of State Government Securities of the General Notification ( Annexure - II ) .

1181 मध्यप्रदेश राजपत्र, दिनांक 1 नवम्बर 2018

1182

Place and Date of Auction :

4. The auction will be conducted by the Reserve Bank of India , at its Mumbai Office , Fort , Mumbai -400 001 on November 05 , 2018. Bids for the auction should be submitted in electronic format , on the Reserve Bank of India Core Banking Solution (E- Kuber ) System as stated below on November 05, 2018.

(a) The competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (E- Kuber) System between 10:30 A.M. to 12:00 P.M.

(b) The non- competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution ( E- Kuber ) System between 10:30 A.M. to 11:30 Α . Μ.

Result of the Auction :

5. The result of the auction shall be displayed by the Reserve Bank of India on its website on the same day. The payment by successful bidders will be on November 06, 2018 .

Method of Payment :

6. Successful bidders will make payments on November 6, 2018. before close of banking hours by means of cash , bankers ' cheque / pay order, demand draft payable at Reserve Bank of India , Mumbai / Nagpur or a cheque drawn on their account with Reserve Bank of India , Mumbai (Fort ) / Nagpur .

Tenure :

7. The Stock will be of 10 -year tenure from the date of commencement on March 16, 2011.

Date of Repayment :

8. The loan will be repaid at par on March 16, 2021 .

Rate of Interest :

9. Interest at the rate of 08.36 % per annum will accrue on the nominal value of the stock from the date of original issue date and will be paid half yearly on March 16 and September 16 .

Eligibility of Securities :

10. The investment in Government Stock will be reckoned as an eligible investment in Government Securities by banks for the purpose of Statutory Liquidity Ratio (SLR ) Under Section 24 of the Banking Regulation Act , 1949. The Stock will qualify for the ready forward facility.

By order and in the name of the Governor of Madhya Pradesh , TEJASWI S NAIK , Director Budget .

1182( 1 )

मध्यप्रदेश राजपत्र, दिनांक 1 नवम्बर 2018

Auction of sell of (Re - issue ) 8.36 % MPGS 2021 , Madhya Pradesh Government Stock ( Securities )

PRESS COMMUNIQUE

Bhopal , the 1st November 2018 N. F - 1-1/ 2018-19/B -07/D.M.C. /IV/

(Financial and Budgetary Position of the Government of Madhya Pradesh )

Government of Madhya Pradesh has offered to sell of (Re - issue) 8.36 % MP GS 2021 , for an aggregate amount of Rs . 600 crore , Government of Madhya Pradesh.

Securities will be issued for a minimum nominal amount of Rs . 10,000 and multiples of Rs . 10,000 thereafter . Auction will be conducted by Reserve Bank of India at Mumbai Office (Fort ) on November 05 , 2018.

Interested persons may submit bids in the prescribed form obtainable from the Chief General Manager , Reserve Bank of India , Mumbai Office , Fort , Mumbai and submitted in a electronic format dated November 05 , 2018. On the Reserve Bank of India core Banking Solution (E- Kuber) Systems between 10:30 AM and 12:00 PM .

The yield per cent per annum expected by the bidder should be expressed up to two decimal points . An investor can submit more than one bid at different rates of yield but a separate application should be submitted for each bid . The aggregate amount of bids submitted by a person should not exceed the notified amount .

The result of auction will be displayed at the offices of Reserve Bank of India, Fort , Mumbai November 06 , 2018. Successful bidders should deposit the price amount of stock covered by their bids by means of a Bankers Cheque or Demand Draft payable at RBI, Mumbai (Fort )/ Nagpur on November 06, 2018. before the close of banking hours .

The Madhya Pradesh Government Stock will bear interest at the rate of 8.36 % per annum will accrue on the nominal value of the stock from the date of original issue date and Interest will be paid half yearly on March 16 and September 16. The stock will be governed by the provisions of Public Debt Act . 1944 and the rules made thereunder .

Terms and conditions for issue of Madhya Pradesh Government Securities are contained in Finance Departments Notification N.F -1-1 / 2013/B - 07/D.M.C. /IV, Bhopal , Date July 20, 2007, published in the Extraordinary issue of "Madhya Pradesh Gazette " of the date , Copies of which with the application form are obtainable at the Receiving offices mentioned above .

2. The following review of the financial and budgetary position of the Government of Madhya Pradesh is published for the information of the intending investors .

REVENUE POSITION

The revenue receipts and expenditure on revenue account and the revenue surplus /deficit for the years 2016-17 and 2017-18 are as follows :-

(Rs. in crore)

Revised Estimate

Accounts

2017-2018

2016-2017

135072.29

123306.79

Revenue Receipts

134496.76

119537.37

Revenue Expenditure

(+) 575.53

(+) 3769.42

Revenue Surplus ( +) /Deficit ( -)

The above figures include expenditure on Revenue Account on development schemes .

मध्यप्रदेश राजपत्र, दिनांक 1 नवम्बर 2018

1182(2)

DEBT POSITION

The debt position of the Government of Madhya Pradesh as on 31st March , 2018 ( Revised Estimate ) was as follows:-

Nature of Debt

Amount of Debt as on 31-3-2018 ( RE)

88491.64 Market Loans

7501.92 Compensation and other Bonds ( Including Power Bonds )

10469.67 Loans from Financial Institution

15340.00 Loans and Advances from the Central Government

15921.36 Other Liabilities

23147.31 SpecialSecurities issued to National Small Savings

Fund of the Central Government .

Total Debt : 160871.90 The loans taken from financial institutions (NABARD , LIC , GIC , NCDCetc. ) have been utilized for creation of permanent assets and strengthening/development of Co - operative institutions .

Loans from the Government of India. These are loans sanctioned by the Government of India from time to time for capital expenditure on productive schemes such as Agriculture Schemes , Irrigation and Power Projects , Community Development Projects etc. and for creation of other permanent assets .

Provident Fund . This comprises the provident fund balance of Government Servants .

Deposits bearing interest. This comprises accumulation in the Fund out of subscription made to it by Government Servants under Government Servant Family Benefit Fund Scheme anddeposits kept by other institution.

ASSETS OF THE GOVERNMENT

All the loans taken from the Government of India or from other sources have been mainly utilised for development of the State and for the creation of remunerative assets , such as construction of irrigation dams , canals , tanks , wells etc. , improvement of communications , transport service , investment in the share capital of Co- operative Banks and other Co - operative Societies for the grant of loans to third parties like cultivators , local bodies , etc. , who will repay the loan with interest in instalments and loans to the power generation , power transmission and power distribution companies of the Energy Department of Madhya Pradesh Though no actual assessment has been made of the value of the physical assets of the State Government, it can be safely assumed that it far exceeds the State's outstanding liabilities .

TEJASWI S NAIK , Director Budget .

1182(3)

मध्यप्रदेश राजपत्र , दिनांक 1 नवम्बर 2018

No. F- 1-1-2018-19/B - 07 - DMC- IV. Government of Madhya Pradesh hereby notifies the sale of Madhya Pradesh Government Stock ( Securities ) of 25 - Year tenure for an aggregate amount of Rs . 500 crore (Nominal) . The sale will be subject to the terms and conditions spelt out in this notification (called specific notification ) as also the terms and conditions specified in the General Notification No. L- 1-1-2007 -B - 7 - IV, dated July 20, 2007 of Government of Madhya Pradesh.

Object of the Loan :

1. ( i) The proceeds of the loan will be utilized for financing productive development programmes and projects to be implemented in the State .

(ii) Consent of Central Government has been obtained to the floatation of this loan as required by Article 293(3) of the Constitution of India .

Method of Issue :

2. Government Stock will be sold through the Reserve Bank of India, Mumbai Office (PDO ) Fort, Mumbai-400 001 by auction in the manner as prescribed in paragraph 6.1 of the General Notification No. L- 1-1- 2007-B -07 - IV, dated July 20, 2007 at a coupon rate to be determined by the Reserve Bank of India at the yield based auction under multiple price formats .

Allotment to Non- competitive Bidders :

3. The Government Stock up to 10% of the notified amount of the sale will be allotted to eligible individuals and institutions subject to a maximum limit of 1 % of the notified amount for a single bid as per the Revised Scheme for Non- competitive Bidding Facility in the Auction of State Government Securities of the General Notification (Annexure- II) .

Place and Date of Auction :

4. The auction will be conducted by the Reserve Bank of India , at its Mumbai Office , Fort , Mumbai -400 001 on November 05, 2018. Bids for the auction should be submitted in electronic format, on the Reserve Bank of India Core Banking Solution (E - Kuber ) System as stated below on November 05, 2018 .

(a) The competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (E - Kuber ) System between 10.30 A.M. to 12.00 P.M.

(b) The non -competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (E - Kuber ) System between 10.30 A.M. to 11.30 Α. Μ .

Result of the Auction :

5. The result of the auction shall be displayed by the Reserve Bank of India on its website on the same day. The payment by successful bidders will be on November 06, 2018.

Method of Payment :

6. Successful bidders will make payments on November 06 , 2018. before close of banking hours by means of cash , bankers' cheque / pay order, demand draft payable at Reserve Bank of India , Mumbai / Nagpur or a cheque drawn on their account with Reserve Bank of India, Mumbai ( Fort ) / Nagpur .

मध्यप्रदेश राजपत्र, दिनांक 1 नवम्बर 2018

1182(4)

Tenure :

7. The Stock will be of 25 - year tenure . The tenure of the Stock will commence on November 06, 2018 .

Date of Repayment :

8. The loan will be repaid at par on November 06, 2043 .

Rate of Interest :

9. The cut- off yield determined at the auction will be the coupon rate percent per annum on the Stock sold at the auction . The interest will be paid on May 06 and November 06.

Eligibility of Securities :

10. The investment in Government Stock will be reckoned as an eligible investment in Government Securities by banks for the purpose of Statutory Liquidity Ratio ( SLR ) Under Section 24 of the Banking Regulation Act, 1949. The Stock will qualify for the ready forward facility.

By order and in the name of the Governor of Madhya Pradesh , TEJASWI S NAIK, Director Budget .

Auction OF 25 year Madhya Pradesh Government Stock (Securities )

PRESS COMMUNIQUE

N. F - 1-1 /2018-19/B- 07 /D.M.C. /IV /

Bhopal , the 1st November 2018 (Financial and Budgetary Position of the Government of Madhya Pradesh)

Government of Madhya Pradesh has offered to sell the dated securities of twenty five year tenure by auction for an aggregate amount of Rs . 500 crore , Government of Madhya Pradesh .

Securities will be issued for a minimum nominal amount of Rs . 10,000 and multiples of Rs . 10,000 thereafter. Auction will be conducted by Reserve Bank of India at Mumbai Office (Fort ) on November 05, 2018 .

Interested persons may submit bids in the prescribed form obtainable from the Chief General Manager , Reserve Bank of India , Mumbai Office , Fort , Mumbai and submitted in a electronic format dated November 05, 2018. On the Reserve Bank of India core Banking Solution (E- Kuber ) Systems between 10:30 AM and 12:00 PM.

The yield per cent per annum expected by the bidder should be expressed up to two decimal points . An investor can submit more than one bid at different rates of yield but a separate application should be submitted for each bid. The aggregate amount of bids submitted by a person should not exceed the notified amount .

The result of auction will be displayed at the offices of Reserve Bank of India , Fort, Mumbai November 06 , 2018. Successful bidders should deposit the price amount of stock covered by their bids by means of a Bankers Cheque or Demand Draft payable at RBI , Mumbai ( Fort ) / Nagpur on November 06, 2018. before the close of banking hours .

The Madhya Pradesh Government stock will bear interest at the rate determined by RBI at the auction . Interest will be paid half yearly on May 06 and November 06. The stock will be governed by the provisions of Public Debt Act. 1944 and the rules made thereunder .

Terms and conditions for issue of Madhya Pradesh Government Securities are contained in Finance Departments Notification N.F - 1-1 /2013 /B - 07/D.M.C. / IV, Bhopal , Date July 20, 2007 , published in the Extraordinary issue of 1182(5)

मध्यप्रदेश राजपत्र, दिनांक 1 नवम्बर 2018

"Madhya Pradesh Gazette " of the date , Copies of which with the application form are obtainable at the Receiving offices mentioned above .

2. The following review of the financial and budgetary position of the Government of Madhya Pradesh is published for the information of the intending investors .

REVENUE POSITION

The revenue receipts and expenditure on revenue account and the revenue surplus /deficit for the years 2016-17 and 2017-18 are as follows :-

(Rs. in crore)

Revised Estimate

Accounts

2017-2018

2016-2017

135072.29

123306.79

Revenue Receipts

134496.76

119537.37

Revenue Expenditure

(+) 575.53

(+) 3769.42

Revenue Surplus (+)/Deficit ( - )

The above figures include, expenditure on Revenue Account on development schemes .

DEBT POSITION

The debt position of the Government of Madhya Pradesh as on 31st March , 2018 ( Revised Estimate ) was as follows :-

Nature of Debt

Amount of Debt as on 31-3-2018 ( RE)

88491.64 Market Loans

7501.92 Compensation and other Bonds ( Including Power Bonds )

10469.67 Loans from Financial Institution

15340.00 Loans and Advances from the Central Government

15921.36 Other Liabilities

23147.31 Special Securities issued to National Small Savings

Fund of the Central Government .

Total Debt : 160871.90 The loans taken from financial institutions ( NABARD , LIC , GIC , NCDCetc. ) have been utilized for creation of permanent assets and strengthening/ development of Co - operative institutions .

Loans from the Government of India . These are loans sanctioned by the Government of India from time Development Projects etc. and for creation of other permanent assets .

to time for capital expenditure on productive schemes such as Agriculture Schemes , Irrigation and Power Projects , Community

Provident Fund. This comprises the provident fund balance of Government Servants .

मध्यप्रदेश राजपत्र, दिनांक 1 नवम्बर 2018

1182(6)

Deposits bearing interest. This comprises accumulation in the Fund out of subscription made to it by Government Servants under Government Servant Family Benefit Fund Scheme and deposits kept by other institution.

ASSETS OF THE GOVERNMENT

All the loans taken from the Government of India or from other sources have been mainly utilised for development of the State and for the creation of remunerative assets , such as construction of irrigation dams, canals , tanks , wells etc. , improvement of communications , transport service , investment in the share capital of Co-operative Banks and other Co - operative Societies for the grant of loans to third parties like cultivators , local bodies , etc. , who will repay the loan with interest in instalments and loans to the power generation , power transmission and power distribution companies of the Energy Department of Madhya Pradesh Though no actual assessment has been made of the value of the physical assets of the State Government , it can be safely assumed that it far exceeds the state's outstanding liabilities .

TEJASWI S NAIK , Director Budget .

नियंत्रक, शासकीय मुद्रणं तथा लेखन सामग्री, मध्यप्रदेश द्वारा शासकीय केन्द्रीय मुद्रणालय, भोपाल से मुद्रित तथा प्रकाशित-2018.

Cite this issue. Madhya Pradesh Gazette, Government of Madhya Pradesh, 01 November 2018. Indian Gazettes, https://egazette.servantsofknowledge.in/details/in.gazette.madhya.2018-11-01.591.Extraordinary/. Archive identifier in.gazette.madhya.2018-11-01.591.Extraordinary.