Executive Summary:
This notification from the Ministry of Finance announces the issuance of six new series of non-transferable Special Government of India (GoI) Securities with varying interest rates and maturity dates, all issued on March 20, 2019. Only EXIM Bank is eligible to subscribe to these securities, up to specified limits. The securities are governed by existing Government Securities regulations and tax laws.
Key Points / Main Content:
Issuance of Special GoI Securities:
* Six new series of Non-Transferable Special GoI Securities are issued.
* The issue date for all securities is March 20, 2019.
Eligibility and Subscription:
* Only EXIM Bank is eligible to subscribe to these special securities.
* Subscription is limited to the amounts specified in the annexure.
* The special securities will be issued at par based on EXIM Bank's application.
Form and Holding of Securities:
* The special securities will be issued in "Stock" form.
* The securities will be held in EXIM Bank's Subsidiary General Ledger Account with the Public Debt Office, Reserve Bank of India, Mumbai.
Interest and Repayment:
* Securities are repayable at par on their maturity dates.
* Interest is payable semi-annually from the date of issue.
* Interest will be paid at the Public Debt Office of Reserve Bank of India at Mumbai.
* Interest rates vary by security, ranging from 7.30% to 7.45%.
* Interest is rounded to the nearest whole rupee.
Transferability and Conversion:
* The special securities are non-transferable.
* Conversion into any other form of security is not permitted.
Statutory Provisions and Tax Laws:
* The Government Securities Act, 2006, and the Government Securities Rules, 2007, apply to matters not covered in the notification.
* Tax laws apply to the investment and interest payable.
Investment Eligibility:
* Investment in these special securities by EXIM Bank is not considered an eligible investment under other statutory provisions.
Impact Analysis:
EXIM Bank:
Impact: EXIM Bank is the sole entity eligible to invest in these special, non-transferable GoI securities, with allocations specified in the annexure.
Action Required: EXIM Bank needs to apply for the securities, providing the subscription amount, and ensure the securities are held in their Subsidiary General Ledger Account.
Key Entities Referenced
Ministry of Finance: The ministry responsible for the notification's issuance.
Department of Economic Affairs: A department under the Ministry of Finance.
EXIM Bank: Export-Import Bank of India, the sole eligible subscriber to the special securities.
Reserve Bank of India, Mumbai: The central bank where EXIM Bank's Subsidiary General Ledger Account is maintained.
Government Securities Act, 2006: The act governing the special security, in conjunction with the Government Securities Rules, 2007.
Government Securities Rules, 2007: Rules governing the special security, in conjunction with the Government Securities Act, 2006.
New Delhi, Delhi: Place of publication of the Gazette notification
Special Gol Security: Non-transferable special Government of India Security
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EXTRAORDINARY
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PART I—Section 1
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PUBLISHED BY AUTHORITY
la- 95] ubZ fnYyh] cq/okj ekpZ 20] 2019@iQkYxqu 29] 1940
No. 95] NEW DELHI, WEDNESDAY, MARCH 20, 2019/PHALGUNA 29, 1940
ििििवववव(cid:3)(cid:3)(cid:3)(cid:3)तत तत मममम(cid:8)(cid:8)ंं(cid:8)(cid:8)ंं ााााललललयययय
((((आआआआ(cid:2)(cid:2)(cid:2)(cid:2)थथथथकक(cid:4)(cid:4)कक(cid:4)(cid:4) ककककाााायययय(cid:4) (cid:4) (cid:4) (cid:4) ििििववववभभभभाााागगगग))))
((((बबबबजजजजटटटट (cid:16)(cid:16)(cid:16)(cid:16)भभभभाााागगगग))))
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:4)द(cid:6) ली, 20 ममममााााचचचच,(cid:13)(cid:13)(cid:13)(cid:13) 2019
((((iiii)))) 7777....33330000 (cid:14)(cid:14)(cid:14)(cid:14)ििििततततशशशशतततत ((((अअअअहहहह(cid:19)(cid:19)(cid:19)(cid:19)तत तत ााााततंंततंं ररररणणणणीीीीयययय)))) ििििववववशशशशषषेेषषेे भभभभााााररररतततत ससससररररककककाााारररर (cid:14)(cid:14)(cid:14)(cid:14)ििििततततभभभभििििूूूू तततत,,,, 2222000022229999;;;; ((((iiiiiiii)))) 7777....33335555 (cid:14)(cid:14)(cid:14)(cid:14)ििििततततशशशशतततत ((((अअअअहहहह(cid:19)(cid:19)(cid:19)(cid:19)तत तत ााााततंंततंं ररररणणणणीीीीयययय)))) ििििववववशशशशेषेषेषेष भभभभााााररररतततत
ससससररररककककाााारररर (cid:14)(cid:14)(cid:14)(cid:14)ििििततततभभभभििििूूूूतततत,,,, 2222000033330000;;;; ((((iiiiiiiiiiii)))) 7777....33335555 (cid:14)(cid:14)(cid:14)(cid:14)ििििततततशशशशतततत ((((अअअअहहहह(cid:19)(cid:19)(cid:19)(cid:19)तत तत ााााततंंततंं ररररणणणणीीीीयययय)))) ििििववववशशशशषषेेषषेे भभभभााााररररतततत ससससररररककककाााारररर (cid:14)(cid:14)(cid:14)(cid:14)ििििततततभभभभििििूूूू तततत,,,, 2222000033331111;;;; ((((iiiivvvv)))) 7777....44440000 (cid:14)(cid:14)(cid:14)(cid:14)ििििततततशशशशतततत
((((अअअअहहहह(cid:19)(cid:19)(cid:19)(cid:19)तत तत ाााातततंंतंं ररररणणणणीीीीयययय)))) ििििववववशशशशषषषषेेेे भभभभााााररररतततत ससससररररककककाााारररर (cid:14)(cid:14)(cid:14)(cid:14)ििििततततभभभभििूूििूू तततत,,,, 2222000033332222;;;; ((((vvvv)))) 7777....44440000 (cid:14)(cid:14)(cid:14)(cid:14)ििििततततशशशशतततत ((((अअअअहहहह(cid:19)(cid:19)(cid:19)(cid:19)तत तत ााााततंंततंं ररररणणणणीीीीयययय)))) ििििववववशशशशषषेेषषेे भभभभााााररररतततत ससससररररककककाााारररर (cid:14)(cid:14)(cid:14)(cid:14)ििििततततभभभभििििूूूूतततत,,,,
2222000033333333;;;; ततततथथथथाााा ((((vvvviiii)))) 7777....44445555 (cid:14)(cid:14)(cid:14)(cid:14)ििििततततशशशशतततत ((((अअअअहहहह(cid:19)(cid:19)(cid:19)(cid:19)तत तत ााााततंंततंं ररररणणणणीीीीयययय)))) ििििववववशशशशषषषषेेेे भभभभााााररररतततत ससससररररककककाााारररर (cid:14)(cid:14)(cid:14)(cid:14)ििििततततभभभभििििूूूूतततत,,,, 2222000033334444 ककककाााा ििििननननगगगगमममम(cid:13)(cid:13)(cid:13)(cid:13) नननन।।।।
फफफफाााा.... सससस..ंं..ंं 4444((((5555))))----डडडड!!!!""""यययय ूू ूू एएएएंडंडंडंड एएएएमममम////2222000011119999....—भारत सरकार, (cid:4)दनाकं 20माच(cid:14), 2019 को (i) 7.30 (cid:15)ितशत
(अह(cid:22)त ातं रणीय) िवशषे भारत सरकार (cid:15)ितभिू त, 2029; (ii) 7.35 (cid:15)ितशत (अह(cid:22)त ातं रणीय) िवशषे भारत सरकार (cid:15)ितभूित,
2030; (iii) 7.35 (cid:15)ितशत (अह(cid:22)त ातं रणीय) िवशषे भारत सरकार (cid:15)ितभूित, 2031; (iv) 7.40 (cid:15)ितशत (अह(cid:22)त ातं रणीय)
िवशेष भारत सरकार (cid:15)ितभिू त, 2032; (v) 7.40 (cid:15)ितशत (अह(cid:22) तातं रणीय) िवशषे भारत सरकार (cid:15)ितभूित, 2033; तथा
(vi) 7.45 (cid:15)ितशत (अह(cid:22)त ांतरणीय) िवशेष भारत सरकार (cid:15)ितभिू त, 2034 (इसके प# चात् संि%& त ’प स े ‘िवशेष (cid:15)ितभूित’
के ’प म (उि(cid:6)लिखत ह)ै के िनगम(cid:14) को एतद/् ारा अिधसूिचत करती ह।ै
1111.... अअअअििििभभभभददददाााानननन ककककेेेे ििििललललएएएए पपपपाााा(cid:8)(cid:8)(cid:8)(cid:8)तततताााा औऔऔऔरररर अअअअििििभभभभददददाााानननन कककक++++ ससससीीीीममममाााा :-
(i) इसके अअअअननननबबुुबबुु धधंंधधंं म( उि(cid:6)लिखत केवल भारतीय िनया(cid:14)त आयात ब2क (एि3जम बक2 ) इन िवशषे (cid:15)ितभिू तय5 म( अिभदान करन ेके
िलए पा6 ह5गे तथा (cid:15)ितभिू तय5 म (उनका अिभदान अनुबंध म (दशा(cid:14)ई गई रािश तक सीिमत रहगे ा।
(ii) उपयु(cid:14)3त अनुबंध म( उि(cid:6)लिखत भारतीय िनया(cid:14)त आयात बक2 (एि3जम ब2क) के अलावा, (cid:4)कसी अ; य बक2 , कंपन ी,
कॉरपोरेशन अथवा (cid:4)कसी अ;य िनकाय सिहत कोई अ; य = यि> इन िवशेष (cid:15)ितभूितय5 म( अिभदान करन े के िलए पा6 नह?
होगा।
1819 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
2222.... ििििननननगगगगमम(cid:13)(cid:13)मम(cid:13)(cid:13) मममम""ूू""ूू यय यय एएएएवववव ंं ंंततततााााररररीीीीखखखख:-
(i) इन िवशषे (cid:15)ितभिू तयां एि3जम ब2क /ारा (cid:4)कए गए आवेदन म( इंिगत (cid:4)कए गए अनसु ार, सममू(cid:6) य रािश पर िनगि(cid:14) मत क@
जाएंगी।
(ii) इन िवशेष (cid:15)ितभूितय5 के िनग(cid:14)म क@ तारीख एि3जम ब2क से अिभदान रािश क@ (cid:15)ािA क@ तारीख़ होगी।
3333.... (cid:14)(cid:14)(cid:14)(cid:14)ििििततततभभभभििििूूूूतततत ककककाााा (cid:19)(cid:19)(cid:19)(cid:19) वव वव,,,,पपपप :-
इन िवशषे (cid:15)ितभूितय5 को लोक ऋण कायाल(cid:14) य, भारतीय Dरजव(cid:14) ब2क, मुंबई म ( अनुरि%त एि3जम ब2क के अनुषंगी आम बही
खाते म (जमा करके ''(cid:22)ट ॉक'' के ’प म (िनग(cid:14)िमत (cid:4)कया जाएगा।
4444.... !!!!यययय ााााजजजज एएएएवववव ंं ंंचचचचककुुककुु ौौौौततततीीीी :-
ये िवशषे (cid:15)ितभूितयां सममू(cid:6)य पर (cid:15)Fय के (cid:15)ितभिू त के संबंध म (इंिगत क@ गई पDरप3 वता क@ तारीख़ को (cid:15)ितदये ह5गी। िवशषे
(cid:15)ितभिू तय5 पर Gय ाज अध(cid:14)वाHष(cid:14)क अतं राल पर दये होगा, जो (cid:15)ितभिू त के िनग(cid:14)मन क@ तारीख से पDरकिलत होगा। (cid:15)ितभूित
पर Gय ाज भारतीय Dरजव(cid:14) ब2क के मुंबई ि(cid:22)थत लोक ऋण काया(cid:14)लय म (दये होगा।
इन (cid:15)ितभिू तय5 पर िनIन िलिखत Gय ाज दर दये होगी:
----मममम पपपप////ररररपपपप0000वव वव तततताााा
(cid:14)(cid:14)(cid:14)(cid:14)ििििततततभभभभििििूूूूतततत !!!!यय यय ााााजजजज ददददरररर
सससस..ंं..ंं यय यय ाााा कककक++++ ततततााााररररीीीीख़ख़ख़ख़
1 7.30 (अह(cid:22)त ातं रणीय) िवशेष भारत सरकार (cid:15)ितभिू त, 2029 7.30 (cid:15)ितशत 22 माच,(cid:14) 2029
2 7.35 (अह(cid:22)त ातं रणीय) िवशेष भारत सरकार (cid:15)ितभिू त, 2030 7.35 (cid:15)ितशत 22 माच,(cid:14) 2030
3 7.35 (अह(cid:22)त ातं रणीय) िवशेष भारत सरकार (cid:15)ितभिू त, 2031 7.35 (cid:15)ितशत 22 माच,(cid:14) 2031
4 7.40 (अह(cid:22)त ातं रणीय) िवशेष भारत सरकार (cid:15)ितभिू त, 2032 7.40 (cid:15)ितशत 22 माच,(cid:14) 2032
5 7.40 (अह(cid:22)त ातं रणीय) िवशेष भारत सरकार (cid:15)ितभिू त, 2033 7.40 (cid:15)ितशत 22 माच,(cid:14) 2033
6 7.45 (अह(cid:22)त ातं रणीय) िवशेष भारत सरकार (cid:15)ितभिू त, 2034 7.45 (cid:15)ितशत 22 माच,(cid:14) 2034
Gय ाज का भुगतान िनकटतम पणू (cid:14) Jपये म( पणू ा(cid:4)K कत करने के बाद (cid:4)कया जाएगा। इस (cid:15)योजनाथ(cid:14), पचास पसै े से कम रािश क@
Gयाज रािश को नजरअंदाज (cid:4)कया जाएगा और पचास और उससे अिधक पसै े क@ Gयाज रािश को अगले Jपय े म( पूणा(cid:4)Kकत
(cid:4)कया जाएगा।
5. हहहह(cid:19)(cid:19)(cid:19)(cid:19)तततत ााााततंंततंं ररररणणणणीीीीययययतततताााा एएएएवववव ंंंंपपपप////ररररववववततततनन(cid:13)(cid:13)नन(cid:13)(cid:13) :-
यह िवशेष (cid:15)ितभिू त ह(cid:22)त ांतरणीय नह? होगी तथा (cid:15)ितभिू त को (cid:4)कसी भी अ; य ’प म( पDरवHतत(cid:14) करने क@ अनमु ित नह? होगी।
6. ससससााााििििंंंं ववववििििधधधधकककक (cid:14)(cid:14)(cid:14)(cid:14)ााााववववधधधधाााानननन::::----
जहां तक (cid:4)कसी ऐस े िवषय का संबंध ह,ै िजसका इस अिधसूचना के तहत (cid:15)ावधान नह? (cid:4)कया गया ह,ै िवशेष (cid:15)ितभिू त
सरकारी (cid:15)ितभिू त अिधिनयम, 2006 तथा उसके तहत बनाई गई सरकारी (cid:15)ितभूित िनयमावली, 2007 /ारा अिभशािसत
होगी।
7. ककककरररर ककककााााननननननूूननूू 3333 कककक++++ (cid:14)(cid:14)(cid:14)(cid:14)ययययोोोो5555ययययतततताााा::::----
िवशेष (cid:15)ितभिू त म( िनवेिशत रािश तथा उस पर दये G याज का मू(cid:6)य समय-समय पर यथा (cid:15)योP य कर काननू 5 के (cid:15)ावधान5 के
अनसु ार अिभशािसत (cid:4)कया जाएगा।
8. ििििववववशशशशषषेेषषेे (cid:14)(cid:14)(cid:14)(cid:14)ििििततततभभभभििििूूूू तततत मममम 66 66ििििननननववववेशेशेशेश कककक++++ पपपपाााा(cid:8)(cid:8)(cid:8)(cid:8)तततताााा ::::----
एि3जम बक2 /ारा िवशषे (cid:15)ितभिू त म( (cid:4)कए गए िनवेश को एक पा6 िनवेश के ’प म (नह? माना जाएगा जो (cid:4)क िनवेशकता (cid:14)ब2क
पर लागू (cid:4)क;ह? सािं विधक (cid:15)ावधान5 अथवा िनदशे 5 के अनुसरण म (सरकारी (cid:15)ितभिू तय5 म ((cid:4)कया जाना अपिे %त होता ह।ै¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 3
अअअअननननबबुुबबुु धधंंधधंं
(संदभ (cid:14)फा.सं.4(5)-डG(cid:6)यू एंड एम/2019 (cid:4)दनाकं 20 माच,(cid:14) 2019)
भारतीय िनयात(cid:14) आयात ब2क (एि3जम बक2 ) को (i) 7.30 (cid:15)ितशत (अह(cid:22) तातं रणीय) िवशषे भारत सरकार (cid:15)ितभूित, 2029;
(ii) 7.35 (cid:15)ितशत (अह(cid:22)त ातं रणीय) िवशषे भारत सरकार (cid:15)ितभूित, 2030; (iii) 7.35 (cid:15)ितशत (अह(cid:22) तातं रणीय) िवशेष
भारत सरकार (cid:15)ितभिू त, 2031; (iv) 7.40 (cid:15)ितशत (अह(cid:22) तातं रणीय) िवशेष भारत सरकार (cid:15)ितभूित, 2032; (v) 7.40
(cid:15)ितशत (अह(cid:22)त ांतरणीय) िवशषे भारत सरकार (cid:15)ितभिू त, 2033; तथा (vi) 7.45 (cid:15)ितशत (अह(cid:22) तांतरणीय) िवशेष भारत
सरकार (cid:15)ितभिू त, 2034 (cid:15)ितभिू तय5 का आबंटन।
पपपप////ररररपपपप0000 वव ववतततताााा ववववषषषष (cid:13)(cid:13)(cid:13)(cid:13) आआआआबबबब//ंं//ंं टटटटतततत ररररााााििििशशशश
----....सससस..ंं..ंं पपपपाााा(cid:8)(cid:8)(cid:8)(cid:8) बबबबकककक9999 ककककाााा ननननाााामममम
2222000022229999 2222000033330000 2222000033331111 2222000033332222 2222000033333333 2222000033334444 ((((```` ककककररररोोोोड़ड़ड़ड़))))
1 भारतीय िनयात(cid:14) आयात बक2 (एि3जम बक2 ) 750 750 750 750 750 750 4,500
ककककुुुुलललल 777755550000 777755550000 777755550000 777755550000 777755550000 777755550000 4444,,,,555500000000
[फा. सं. 4(5)-डG(cid:6)यू एंड एम/2019]
भारत के राV Wपित के आदशे ानसु ार
मीरा (cid:22)व’प, संयु3 त सिचव
MINISTRY OF FINANCE
(Department of Economic Affairs)
(BUDGET DIVISION)
NOTIFICATION
New Delhi, the 20th March, 2019
Issue of (i) 7.30 per cent (Non-transferable) Special Gol Security, 2029; (ii) 7.35 per cent (Non-transferable)
Special Gol Security 2030; (iii) 7.35 per cent (Non-transferable) Special Gol Security 2031; (iv) 7.40 per cent
(Non-transferable) Special Gol Security 2032; (v) 7.40 per cent (Non-transferable) Special Gol Security 2033;
and (vi) 7.45 per cent (Non-transferable) Special GoI Security 2034.
F. No. 4(5)-W&M/2019.—Government of India hereby notifies the issue of (i) 7.30 per cent (Non-
transferable) Special Gol Security, 2029; (ii) 7.35 per cent (Non-transferable) Special Gol Security 2030; (iii) 7.35 per
cent (Non-transferable) Special Gol Security 2031; (iv) 7.40 per cent (Non-transferable) Special Gol Security 2032;
(v) 7.40 per cent (Non-transferable) Special Gol Security 2033; and (vi) 7.45 per cent (Non-transferable) Special GoI
Security 2034, (hereinafter briefly described as "the Special Security") on March 20, 2019.
1. Eligibility for Subscription and Limit of Subscription:
(i) EXIM Bank as referred to in the Annexure hereto shall only be eligible to subscribe to the special securities and
its subscription to the securities shall be limited to the extent of the amount, as shown in the Annexure.
(ii) No other person, including any bank, company, corporation or any other body except the EXIM Bank as referred
to in aforesaid Annexure shall be eligible to subscribe to the special securities.
2. Price and Date of Issue:
(i) The special securities will be issued at par for the amount as per the application made by the EXIM Bank.
(ii) The date of issue of the special securities will be the date of receipt of subscription amount from the EXIM bank.
3. Form of Security:
The special securities will be issued in the form of "Stock" to be held at credit of the EXIM Bank's Subsidiary General
Ledger Account maintained with Public Debt Office, Reserve Bank of India, Mumbai.4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
4. Interest and Repayment:
The special securities shall be repayable at par on the date of maturity as indicated against each security. Interest
on the special securities will be payable at half yearly intervals, reckoned from the date of issue of the security.
Interest on the security will be payable at Public Debt Office of Reserve Bank of India at Mumbai.
The following rate of interest will be payable on these securities:
S. No. Security Rate of Interest Date of maturity
1. 7.30 (Non-Transferrable) Special Gol Security 2029 7.30 per cent March 22, 2029
2. 7.35 (Non-Transferrable) Special Gol Security 2030 7.35 per cent March 22, 2030
3. 7.35 (Non-Transferrable) Special GoI Security 2031 7.35 per cent March 22, 2031
4. 7.40 (Non-Transferrable) Special GoI Security 2032 7.40 per cent March 22, 2032
5. 7.40 (Non-Transferrable) Special Gol Security 2033 7.40 per cent March 22, 2033
6. 7.45 (Non-Transferrable) Special Gol Security 2034 7.45 per cent March 22, 2034
Interest will be paid after rounding off to the nearest whole rupee. For this purpose, amount of interest less than
fifty paise will be ignored and amount of fifty paise and more will be rounded off to the next rupee.
5. Transferability and Conversion:
The special security shall not be transferable and conversion in any other form of security shall not be permitted.
6. Statutory Provisions:
With respect to any such matter which has not been provided under this Notification, the special security shall be
governed by the Government Securities Act, 2006 and the Government Securities Rules, 2007 framed there
under.
7. Applicability of Tax Laws:
The value of the investment in the special security and the interest payable thereon will be governed by the
provisions of tax laws as applicable from time to time.
8. Eligibility of Investment in Special Security:
The investment in the special security by the EXIM bank would not be considered as an eligible investment
which it is required to make in Government securities in pursuance of any statutory provisions or directions
applicable to the investing bank.
Annexure
(Ref F. No. 4(5)-W&M/2019 dated March 20, 2019)
Allocation of Securities to EXIM Bank, (i) 7.30 per cent (Non-transferable) Special Gol Security, 2029; (ii) 7.35
per cent (Non-transferable) Special Gol Security 2030; (iii) 7.35 per cent (Non-transferable) Special Gol
Security 2031; (iv) 7.40 per cent (Non-transferable) Special Gol Security 2032; (v) 7.40 per cent (Non-
transferable) Special Gol Security 2033; and (vi) 7.45 per cent (Non-transferable) Special GoI Security 2034.
Name of Eligible Year of Maturity of the Security Amount Allocated
S.No.
Bank 2029 2030 2031 2032 2033 2034 (```` crore)
1 EXIM Bank 750 750 750 750 750 750 4500
Total 750 750 750 750 750 750 4,500
[F. No. 4(5)-W&M/2019]
By Order of the President of India,
MEERA SWARUP, Jt. Secy.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.