**Policy Summary:**
This notification, issued by the Ministry of Finance, Department of Economic Affairs, Budget Division, announces the premature redemption of a portion of the outstanding stock of Non-interest bearing Government of India IDBI Special Security, 2024. The redemption, executed via a "call option" at par, as per notification F. No.4/16/WM/2004 dated September 29, 2004, totals Rupees two hundred fifty crore (Rs. 250 crore nominal). The effective date of this premature redemption is March 27, 2014, the date of this notification. Following this redemption, the remaining outstanding stock of the Special Security will be Rupees four thousand six hundred ninety one crore (Rs.4,691 crore nominal). This order is issued by order of the President of India, as signed by Dr. Rajat Bhargava, Joint Secretary.
Key Entities Referenced
Ministry of Finance: The Indian government ministry responsible for economic policy, financial regulation and taxation.
Department of Economic Affairs: A department within the Ministry of Finance, Government of India.
Government of India IDBI Special Security, 2024: A non-interest bearing security issued by the Government of India, maturing in 2024.
New Delhi: Capital of India
Rajat Bhargava: Joint Secretary, signatory to the notification.
September 29, 2004: Date of original notification regarding the IDBI Special Security.
March 27, 2014: Date of the current notification regarding premature redemption.
Budget Division: A division within the Department of Economic Affairs, Ministry of Finance.
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EXTRAORDINARY
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PART I—Section 1
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PUBLISHED BY AUTHORITY
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No. 88] NEW DELHI, THURSDAY, MARCH 27, 2014/CHAITRA 6, 1936
(cid:1)व(cid:3)त म(cid:8)ं ालय
(आ(cid:14)थक(cid:16) काय(cid:16) (cid:1)वभाग)
(बजट (cid:24)भाग)
अ(cid:14)धसचू ना
नई द"ल#, 27 माच,(cid:16) 2014
(cid:1)वषयः—भारत सरकार क- .याज र हत आईडीबीआई (cid:1)वशेष (cid:24)4तभू4त, 2024 के बकाया 5टॉक के एक भाग का
प9रप:वता-पवू (cid:16) मोचन।
एफ स.ं 4(16)-ड."यएू ंडएम/2004:—भारत सरकार एतCवारा अ(cid:14)धसचू ना एफ. स.ं 4(16)- ड."यएू ंडएम/
2004 दनांक 29 EसतFबर, 2004 के परै ा 5 (ii) मI यथा-4नधा(cid:16)9रत समम"ू य ‘मागं (cid:1)वक"प’ का (cid:24)योग करते
हुए और आगे कुल दो सौ पचास करोड़ Pपए (250 करोड़ Qपए) (नाEमनल) क- कुल राEश, भारत सरकार के
.याज र हत आईडीबीआई (cid:1)वशेष (cid:24)4तभ4ू त, 2024 (िजसे इसके बाद संTेप मI “(cid:1)वशेष (cid:24)4तभू4त” कहा गया है)
के प9रप:वता-पवू (cid:16) मोचन को अ(cid:14)धस(cid:14)ू चत करती है।
2. प9रप:वता-पवू (cid:16) मोचन क- तार#ख
भारत सरकार Xवारा (cid:1)वशेष (cid:24)4तभ4ू त के प9रप:वता-पवू (cid:16) मोचन क- तार#ख इस अ(cid:14)धसचू ना क-
तार#ख अथात(cid:16) ् 27 माच,(cid:16) 2014 होगी।
1390 GI/2014 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
3. बकाया 5टॉक
(cid:1)वशेष (cid:24)4तभ4ू त का बकाया 5टॉक मागं (cid:1)वक"प (cid:24)योग के प[चात ् चार हजार छह सौ इ:यानवे
करोड़ Qपए (4,691 करोड़ Qपए) (नाEमनल) होगा।
भारत के रा]^प4त के आदेश से,
डॉ. रजत भागव(cid:16) , सयं ु:त स(cid:14)चव
MINISTRY OF FINANCE
(Department of Economic Affairs)
(BUDGET DIVISION)
NOTIFICATION
New Delhi, the 27th March, 2014
Subject :—Premature redemption of a part of outstanding stock of Non-interest bearing Government of India
IDBI Special Security, 2024
F. No.4 (16)-W&M/2004:—Government of India, hereby notifies further premature redemption on Non-interest
bearing Government of India IDBI Special Security, 2024 (hereinafter briefly described as "the Special Security") by
exercising "call option" at par as stipulated in para 5(ii) of its Notification F. No .4 (16)-W&M/2004 dated September 29,
2004, for an aggregate amount of Rupees two hundred fifty crore (Rs. 250 crore) [nominal].
2. Date of Premature Redemption
The date of premature redemption of the Special Security by the Government of India shall be the date of this
notification i.e. March 27, 2014.
3. Outstanding Stock
The outstanding stock of the Special Security shall be Rupees four thousand six hundred ninety one crore
(Rs.4,691 crore) [nominal] after the exercise of call option.
By Order of the President of India,
Dr. RAJAT BHARGAVA, Jt. Secy.
Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.