RT-654: Borrowings – Borrowings from L.I.C. of India – Sanction of Rs. 38,51,56,250/- towards repayment of Principal and payment of Interest on the loans from L.I.C of India – Orders – Issued.

GOVERNMENT OF ANDRHA PRADESH ABSTRACT Borrowings – Borrowings from L.I.C. of India – Sanction of Rs. 38,51,56,250/- towards repayment of Principal and payment of Interest on the loans from L.I.C of India – Orders – Issued. ------------------------------------------------------------------------------------------------------------------------ FINANCE (DCM.I) DEPARTMENT G.O.Rt.No. 654 Dated: 25-02-2012. Read the following:- 1) From LIC of India letter INV/D/GOAP, dt.16.3.2005. 2) G.O.Rt.No..3405, Finance (DCM.I) Department, dated. 26.08.2011. *** O R D E R In the reference 1st read above, L.I.C. of India released term loan of Rs.500.00 crore to Government of Andhra Pradesh for the year 2004-05 for financing various Irrigation Projects and also requested to remit the interest on the said loan at the rate of 7.75% p.a. payable half yearly in favour of LIC of India, Mumbai. Accordingly, the 10th installment of principal and 13th installment of interest was drawn and paid to the LIC of India, Mumbai vide reference 2nd read above. 2. Government hereby sanction an amount of Rs. 38,51,56,250/- (Rupees thirty eight crores fifty one lakhs fifty six thousands two hundred and fity only), of which an amount of Rs.31,25,00,000/- (Rupees thirty one crore twenty five lakhs only) is towards re-payment of principal as11th installment and Rs. 7,26,56,250/- (Rupees seven crore twenty six lakh fifty six thousands two hundred and twenty five only) is towards interest payment to L.I.C of India for the half year ending 15.03.2012 as 14th installment in relaxation of quarterly regulation orders on the loan released to State Government for financing various irrigation Projects. 3. The expenditure sanctioned above for Rs.31,25,00,000/- as principal shall be debited to M.H.6003 Internal Debt of the State Govt. (Charged) – M.H.103 Loans from L.I.C. of India – S.H.(07) Loans from LIC of India – 560 Repayment of borrowing and an amount of Rs. 7,26,56,250/- as interest shall be debited to M.H.2049 Interest Payments - 01 Interest on Internal Debt - M.H.200 Interest on other Internal debt - S.H.(29) Interest on Loans from LIC of India - 450 Interest (Charged). 4. The Assistant Secretary to Government, Finance (Claims) Department shall transfer the sanctioned amount at para 2 above to the following Current Account of LIC of India, Mumbai through RTGS. S.No. Name of the Bank Branch Account No MICR No. (*) IFSC No. (**) 1 Corporation Bank Nariman Point CA01010521 400017017 CORP0000221 (*) Continuous number, no space or slash or comma in between (**) IFSC – Interface Security Code (no gap in between). ORDER AND IN THE NAME OF OF ANDHRA PRADESH) GOVERNOR (BY ORDER AND IN THE NAME OF GOVERNOR OF ANDHRA PRADESH) PUSHPA SUBRAHMANYAM, PRINCIPAL SECRETARY TO GOVERNMENT (IF) To The Finance (Claims) Department. The PAO, Secretariat Branch, Hyderabad. The A.G., A.P., Hyderabad. Copy to: The LIC of India, Investment Department, 5th Floor, “Yogakshema”, J.B. Marg, Mumbai – 400 021. The Finance (W.A-I) Department. SF/SC. //FORWARDED BY ORDER// SECTION OFFICER