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India’s
External Debt as at end-December 2009
[Hindi]
Issuance
Calendar for Marketable Dated Securities for the first
half of 2010-2011
Calendar
for Auction of Government of India Treasury Bills (For the
Quarter April 2010 – June 2010)
Repayment
of 7.50 % Loan, 2010 on May 12, 2010 and 7.55% Government
Stock, 2010 on May 14, 2010
India’s
External Debt as at end-December 2009
Department
of Economic Affairs, Ministry of Finance has been
compiling and releasing quarterly statistics on India’s
External Debt for the quarters ending September and
December every year. This press release relates to
India’s external debt as at end-December 2009.
2.
India’s total external debt stock at US$ 251.4
billion as at end-December 2009 recorded an increase of
US$ 26.8 billion (11.9 per cent) over end-March 2009
estimates of US$ 224.6 billion. The long-term debt
increased by US$ 25.0 billion (13.8 per cent) to US$ 206.2
billion, while short-term debt increased by US$ 1.8
billion (4.3 per cent) to US$ 45.2 billion compared to the
end-March estimates of the same at US$ 181.2 billion and
US $ 43.4 billion respectively.
3.
Of the total increase of US$ 26.8 billion in
India’s external debt at end-December 2009, the
valuation effect on account of depreciation of the US
dollar against major international currencies accounted
for US$ 9.9 billion or 40.0 per cent. This implies that if
the US$ had not depreciated against the major currencies,
the increase in total external debt would have been only
US $16.9 billion to US $ 241.5 billion.
4.
Government (Sovereign) external debt was US$ 66.9
billion (a share of 26.6 per cent in total external debt)
as at end-December 2009 as against US$ 55.9 billion (a
share of 24.9 per cent of total external debt) as at
end-March 2009. The ratio of Government external debt to
GDP has remained around 5.0 per cent in the last three
years.
5.
US dollar denominated debt accounted for 52.0 per
cent of total external debt at end-December 2009, followed
by the Indian rupee (17.2 per cent), Japanese Yen (12.7
per cent), SDR (11.4 per cent) and Euro (4.2 per cent).
6.
The debt-service ratio i.e.,
the ratio of total debt service payments to current
receipts worked out to 5.1 per cent during April-December
2009 as against 4.0 per cent for April-December 2008. The
ratio of short-term external debt to foreign exchange
reserves decreased from 17.2 per cent at end-March 2009 to
15.7 per cent at end-December 2009.
7.
The complete quarterly report of India’s external
debt as at end-December 2009 is available on the website
of Ministry of Finance – www.finmin.nic.in.
Issuance
Calendar for Marketable Dated Securities for the
first half of 2010-2011
With
a view to enabling institutional and retail investors to
plan their investment in an efficient manner and providing
transparency and stability in the Government securities
market, it has been decided to continue with the system of
releasing an indicative calendar for issuance of the
Government of India securities. Accordingly, an indicative
calendar for issue of dated securities for the first half
of the year 2010-2011 covering the period from April 1,
2010 to September 30, 2010, as given below, is being
issued in consultation with the Reserve Bank of India.
Calendar
for Issuance of Government of India Dated Securities
(for the period April 1, 2010 to September 30,
2010)
|
Sr.
No.
|
Period
of auction
|
Amount
(Rs. Crore)
|
Term
of the Security
|
|
|
1
|
April
5-9, 2010
|
12,000
|
i)
less than 5- year security for
Rs.5,000-6,000 crore
ii)
10-14 year security for Rs.4,000-5,000 crore
iii)
15-19 year security for Rs.2,000-3,000 crore
|
|
|
2
|
April
12-16, 2010
|
13,000
|
i)
5-9 year security for Rs.5,000-6,000 crore
ii)
10-14 year security for Rs.5,000-6,000 crore
iii)
20-year and above security for
Rs.2,000-3,000 crore
|
|
|
3
|
April
19-23, 2010
|
12,000
|
i)
5-9 year security for Rs.5,000-6,000
crore
ii)
10-14 year security for Rs.4,000-5,000 crore
iii)
15-19 year security for Rs.2,000-3,000 crore
|
|
|
4
|
April
26-30, 2010
|
12,000
|
i)
5-9 year security for Rs.5,000-6,000 crore
ii)
10-14 year security for Rs.4,000-5,000 crore
iii)
20-year and above security for
Rs.2,000-3,000 crore
|
|
|
5
|
May
3-7, 2010
|
15,000
|
i)
5-9 year security for Rs.6,000-7,000 crore
ii)
10-14 year security for Rs.5,000-6,000 crore
iii)
15-19 year security for Rs.2,000-3,000 crore
iv)
20-year and above security for
Rs.2,000-3,000 crore
|
|
|
6
|
May
10-14, 2010
|
12,000
|
i)
5-9 year security for Rs.5,000-6,000 crore
ii)
10-14 year security for Rs.4,000-5,000 crore
iii)
20-year and above security for
Rs.2,000-3,000 crore
|
|
|
|
|
7
|
May
17- 21, 2010
|
13,000
|
i)
5-9 year security for Rs.6,000-7,000 crore
ii)
10-14 year security for Rs.5,000-6,000 crore
iii)
15-19 year security for Rs.2,000-3,000 crore
|
|
|
8
|
May
24- 28, 2010
|
12,000
|
i)
5-9 year security for Rs.5,000-6,000 crore
ii)
10-14 year security for Rs.4,000-5,000 crore
iii)
20-year and above security for
Rs.2,000-3,000 crore
|
|
|
9
|
May
31-June 4, 2010
|
13,000
|
i)
5-9 year security for Rs.6,000-7,000 crore
ii)
10-14 year security for Rs.5,000-6,000 crore
iii)
15-19 year security for Rs.2,000-3,000 crore
|
|
|
10
|
June
7- 11, 2010
|
11,000
|
i)
5-9 year security for Rs.5,000-6,000 crore
ii)
10-14 year security for Rs.4,000-5,000 crore
iii)
20-year and above security for
Rs.2,000-3,000 crore
|
|
|
11
|
June
14-18, 2010
|
11,000
|
Less
than 5 year security for Rs.6,000-7,000
crore
ii)
10-14 year security for Rs.5,000-6,000 crore
|
|
|
12
|
June
21- 25, 2010
|
15,000
|
i)
5-9 year security for Rs.6,000-7,000 crore
ii)
10-14 year security for Rs.5,000-6,000 crore
iii)
15-19 year security for Rs.2,000-3,000 crore
iv)
20-year and above security for
Rs.2,000-3,000 crore
|
|
|
13
|
June
28- July 2, 2010
|
13,000
|
i)
5-9 year security for Rs.5,000-6,000 crore
ii)
10-14 year security for Rs.5,000-6,000 crore
iii)
20-year and above security for
Rs.2,000-3,000 crore
|
|
|
14
|
July
5- 9, 2010
|
12,000
|
i)
5-9 year security for Rs.5,000-6,000 crore
ii)
10-14 year security for Rs.4,000-5,000 crore
iii)
20-year and above security for
Rs.2,000-3,000 crore
|
|
|
15
|
July
12-16, 2010
|
13,000
|
i)
5-9 year security for Rs.6,000-7,000 crore
ii)
10-14 year security for Rs.5,000-6,000 crore
iii)
15-19 year security for Rs.2,000-3,000 crore
|
|
|
16
|
July
26- 30, 2010
|
15,000
|
i)
5-9 year security for Rs.6,000-7,000 crore
ii)
10-14 year security for Rs.5,000-6,000 crore
iii)
15-19 year security for Rs.2,000-3,000 crore
iv)
20-year and above security for
Rs.2,000-3,000 crore
|
|
|
17
|
August
2-6, 2010
|
13,000
|
i)
5-9 year security for Rs.6,000-7,000 crore
ii)
10-14 year security for Rs.4,000-5,000 crore
iii)
20-year and above security for
Rs.2,000-3,000 crore
|
|
|
18
|
August
9- 13, 2010
|
12,000
|
i)
5-9 year security for Rs.5,000-6,000 crore
ii)
10-14 year security for Rs.4,000-5,000 crore
iii)
15-19 year security for Rs.2,000-3,000 crore
|
|
|
19
|
August
16-20, 2010
|
12,000
|
i)
5-9 year security for Rs.5,000-6,000 crore
ii)
10-14 year security for Rs.4,000-5,000 crore
iii)
20-year and above security for
Rs.2,000-3,000 crore
|
|
|
20
|
August
23-27, 2010
|
12,000
|
i)
5-9 year security for Rs.5,000-6,000 crore
ii)
10-14 year security for Rs.4,000-5,000 crore
iii)
15-19 year security for Rs.2,000-3,000 crore
|
|
|
21
|
August
30 -September 3, 2010
|
12,000
|
i)
5-9 year security for Rs.5,000-6,000 crore
ii)
10-14 year security for Rs.4,000-5,000 crore
iii)
20-year and above security for
Rs.2,000-3,000 crore
|
|
|
|
|
22
|
September
6- 10, 2010
|
11,000
|
i)
5-9 year security for Rs.5,000-6,000 crore
ii)
10-14 year security for Rs.4,000-5,000 crore
iii)
15-19 year security for Rs.2,000-3,000 crore
|
|
|
23
|
September
20- 24, 2010
|
11,000
|
i)
5-9 year security for Rs.5,000-6,000 crore
ii)
10-14 year security for Rs.4,000-5,000 crore
iii)
20-year and above security for
Rs.2,000-3,000 crore
|
|
|
|
|
Total
|
2,87,000
|
|
|
2.
As
hitherto, all the auctions covered by the calendar will
have the facility of non-competitive bidding scheme under
which five per cent of the notified amount will be
reserved for the specified retail investors.
3.
Variable
rate securities may be issued depending upon the market
conditions.
4.
As
in the past, the Central Government/Reserve Bank will
continue to have the flexibility to bring about
modifications in the above calendar in terms of notified
amount, issuance period, maturity, etc., keeping in view
the emerging requirements of the Government, market
conditions and other relevant factors after giving due
notice.
Government
of India
Ministry of Finance
Department of Economic Affairs
North Block, New Delhi-110001
Dated
March 29, 2010
Calendar
for Auction of Government of India Treasury
Bills (For the Quarter April 2010 – June 2010)
On
a review of the cash position of the Government of India,
Government of India in consultation with the Reserve Bank
of India, has decided to modify the notified amounts for
the issuance of Treasury Bills for the first quarter
ending June 2010. The notified amounts for the auction of
the T-Bills for the period April 1, 2010 to June 30, 2010
are being given below.
Notified
amount for auction of Treasury Bills
(for the period April 1, 2010 to June 30, 2010)
|
Date
of Auction
|
91
DTB
|
182
DTB
|
364
DTB
|
Total
|
|
7-Apr-10
|
7,000
|
|
2,000
|
9,000
|
|
13-Apr-10
|
7,000
|
2,000
|
|
9,000
|
|
21-Apr-10
|
7,000
|
|
2,000
|
9,000
|
|
28-Apr-10
|
7,000
|
2,000
|
|
9,000
|
|
5-May-10
|
7,000
|
|
2,000
|
9,000
|
|
12-May-10
|
7,000
|
2,000
|
|
9,000
|
|
19-May-10
|
7,000
|
|
2,000
|
9,000
|
|
26-May-10
|
7,000
|
2,000
|
|
9,000
|
|
2-Jun-10
|
6,000
|
|
2,000
|
8,000
|
|
9-Jun-10
|
6,000
|
2,000
|
|
8,000
|
|
16-Jun-10
|
5,000
|
|
2,000
|
7,000
|
|
23-Jun-10
|
5,000
|
2,000
|
|
7,000
|
|
30-Jun-10
|
5,000
|
|
2,000
|
7,000
|
|
Total
|
83,000
|
12,000
|
14,000
|
1,09,000
|
2.
Government of India/the Reserve Bank of India
will continue to have the flexibility to modify the
notified amount and timing for auction of Treasury Bills
keeping in view the emerging requirements of the
Government, market conditions and other relevant factors.
The calendar is thus subject to change, if circumstances
so warrant, including for reasons, such as, intervening
holidays. Such changes, if any, will be communicated
through regular press releases.
3.
The auction of Treasury bills will be subject to the terms
and conditions specified in the General Notification No. F
2(12)-W&M/97, dated March 31, 1998 issued by the
Government of India, as amended from time to time.
Government
of India
Ministry of Finance
Department of Economic Affairs
North Block, New Delhi-110001
Dated
March 29, 2010
Repayment
of 7.50 % Loan, 2010 on May 12, 2010 and 7.55%
Government Stock, 2010 on May 14, 2010
The
outstanding balances of
7.50% Loan, 2010 and 7.55%
Government Stock, 2010 are repayable at par on
May 12, 2010 and May 14, 2010 respectively and no interest will
accrue there on from the
said dates.
In
the event of a holiday being declared on May
12, 2010 and May 14, 2010
by any State Government under the Negotiable Instruments Act, 1881, the
Stock will be repaid by the paying offices in
that State on the previous working day.
2.
As per sub-regulation 24(2) and 24(3) of
Government Securities Regulations, 2007 payment
of maturity proceeds to the registered holder of
Government Security held in the form of
Subsidiary General Ledger or Constituent
Subsidiary General Ledger account or Stock
Certificate shall be made by a pay order
incorporating the relevant particulars of his
bank account or by credit to the account of the
holder in any bank having facility of receipt of
funds through electronic means. For the purpose
of making payment in respect of the securities,
the original subscriber or the subsequent
holders of such Government Securities, shall
submit the relevant particulars of their bank
account well in advance.
However, in the absence of relevant particulars
of bank account/mandate for receipt of funds
through electronic means, to facilitate
repayment of the Loan on the due date, holders
may tender the securities, duly discharged, at
the Public Debt Offices,
Treasuries/Sub-Treasuries and branches of State
Bank of India and its Associate Banks (at which
they are enfaced /registered for payment of
interest) 20 days in advance of the due date for
repayment.
3.
Full details of the procedure for receiving the
discharge value may be obtained from any of the aforesaid
paying offices.
Government of
India
Ministry of Finance
Department of Economic Affairs
North Block, New Delhi-110 001
Dated
March 17, 2010
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