This notification, issued by the Ministry of Finance, Department of Economic Affairs, Budget Division on January 30, 2017, concerns the Scheme for Sale of 14 Day Intermediate Treasury Bills. It amends the existing scheme outlined in Notification No. F.21WM97/2 dated March 31, 1997, by linking the discount rate payable on these treasury bills to the Reverse Repo Rate announced by the Reserve Bank of India (RBI).
Effective January 30, 2017, the discount rate will be fixed at the Reverse Repo Rate minus 200 basis points, with an upper ceiling of 5%. The rediscount rate will be the Reverse Repo Rate minus 150 basis points, with an upper ceiling of 5.50%. This policy adjustment is ordered by the President of India and signed by Jt. Secy. Prashant Goyal.
Key Entities Referenced
Ministry of Finance: The ministry responsible for the notification regarding treasury bills.
Department of Economic Affairs: A department under the Ministry of Finance, dealing with economic matters.
Budget Division: A division within the Department of Economic Affairs.
Scheme for Sale of 14 Day Intermediate Treasury Bills: The central scheme discussed in the notification.
Government of India Notification No.F.21WM97 2 dated March 31, 1997: The original notification that introduced the Scheme for sale of 14 Day Treasury Bills.
Reserve Bank of India: The central bank of India, which announces the Reverse Repo rate.
Reverse Repo rate: The interest rate at which the Reserve Bank of India borrows money from commercial banks.
PRASHANT GOYAL: The Joint Secretary who signed the notification on behalf of the President of India.
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PART I—Section 1
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No. 25] NEW DELHI, MONDAY, JANUARY 30, 2017/MAGHA 10, 1938
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अिधसचू ना
नई (cid:7408)द(cid:7016)ली, 30 जनवरी, 2017
14-(cid:7408)दवसीय म(cid:7007)य कािलक राजकोषीय (cid:7263)िं डय(cid:7298) क(cid:7409) िब(cid:7059)(cid:7409) के िलए योजना
स(cid:6990)ं या एफ.4(2)(बी)-ड(cid:7011)(cid:7016)य ू एडं एम/2017.—भारत सरकार, िव(cid:7275) मं(cid:7074)ालय क(cid:7409) अिधसूचना सं(cid:6990)या एफ.2 (1)-ड(cid:7011)(cid:7016)य ू
एंड एम/97(2) (cid:7408)दनांक 31 माच(cid:6981), 1997 के तहत श(cid:7272)ु क(cid:7409) गई 14-(cid:7408)दवसीय म(cid:7007)यकािलक राजकोषीय (cid:7263)िं डय(cid:7298) क(cid:7409) िब(cid:7059)(cid:7409) के िलए
योजना क(cid:7409) शता(cid:6981)नुसार, भारत सरकार एत(cid:7375)ारा अिधसूिचत करती ह ै (cid:7408)क 14-(cid:7408)दवसीय म(cid:7007)यकािलक राजकोषीय (cid:7263)िं डय(cid:7298) पर दये
छूट भारतीय (cid:7407)रजव (cid:6981) ब(cid:7289)क (cid:7367)ारा घोिषत (cid:7407)रवस(cid:6981) रेपो दर स े सहब(cid:7373) क(cid:7409) जाएगी। 30 जनवरी, 2017 स े 14 (cid:7408)दवसीय म(cid:7007)यकािलक
राजकोषीय (cid:7263)िं डय(cid:7298) पर देय छूट क(cid:7409) दर अगली अिधसूचना तक 5 (cid:7079)ितशत क(cid:7409) अिधकतम सीमा के अ(cid:7007)यधीन (cid:7407)रवस(cid:6981) रेपो दर घटा
200 आधार िब(cid:7008)द ुपर िनयत क(cid:7409) जाएगी। इन (cid:7263)िं डय(cid:7298) को (cid:7407)रवस (cid:6981) रेपो दर घटा 150 आधार (cid:7410)बद(cid:7312)ु क(cid:7409) दर पर पुनब(cid:6981)(cid:7349)ागत (cid:7408)कया
जा सकेगा। यह (cid:7018) यव(cid:7021)थ ा 5.50 (cid:7079)ितशत क(cid:7409) अिधकतम सीमा के अ(cid:7007) यधीन होगी।
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488 GI/2017 (1)(cid:32)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
MINISTRY OF FINANCE
(Department of Economic Affairs)
(Budget Division)
NOTIFICATION
New Delhi, the 30th January, 2017
Scheme for Sale of 14 Day Intermediate Treasury Bills
F. 4(2)-(B)-W&M/2017.—In terms of the Scheme for sale of 14 Day Treasury Bills introduced vide
Government of India Notification Ministry of Finance No.F.2(1)-W&M/97 (2) dated March 31, 1997, the Government of
India hereby notifies that the discount rate payable on the 14 day intermediate treasury bills shall be linked to Reverse
Repo rate announced by Reserve Bank of India. With effect from January 30, 2017, the discount rate payable on the 14
day intermediate treasury bills shall be fixed at Reverse Repo rate (cid:117)(cid:109)(cid:110)(cid:115)(cid:105) 200 basis points subject to an upper ceiling of 5
per cent, till further notification. The bills shall be rediscounted at Reverse Repo rate (cid:110)(cid:105)(cid:117)(cid:109)(cid:115) 150 basis points subject to
an upper ceiling of 5.50 per cent.
By Order of the President of India,
PRASHANT GOYAL, Jt. Secy.
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and Published by the Controller of Publications, Delhi-110054.