GIemi "2ONLFCI

2220053%
x No. :2243750
neeelle e.le

STIGAter
forJFFr OF INDIA
ISODO)120AA) Ceo tIled

10A, MIDDLETON ROw, KoLKATA - 700 071.

Dated: 2)520l
RefNo.EstL.39/1(70)/Tcrminal BenefivCourt Case/201.1/Part.JI 1-620IU

io
T}e General Manager®,
oodCorporation of India,
Exhibition Road,
Arunachal Building,
Patna-800 001.
interest on gratuity in
Sub: Post-facto approväl towards pgyment.of
Singh, exManager(Depot).
respect of Shri Lalan Prasad

Sir.
22/27.05.2014
No.Estt.39(812)/Lalän Prasad Singh/2013dated
Please refer to your ltter
above.
on the subject cited vour
Central Govt. from time to time is enclosed for
on
Xerox copy of Interest Rates
information and necessary. actión.
Yours faithiully.

Enclo : as above.
STT,GENL.MANAGER(PERS.)

DGM..
23 JUN 2014
G.M. (R),
FCI,BIH¬R:
 TABLE 119:INTEREST RATES ON
CENTRAL AND
GOVERNMENT DATED SECURITIES STATE
Yea:
Conttat Govonnent octtlio
Rungo tnWuigiud,ovot.a9
1

G00- 800

G.259.00
775-10,00
7.75- 10.50
9.00 - 11:50 RN 11408 9 75

10.00 -11.50 11:30 11 00

10.50- 11.50 25 1100

1988-89 46.00 -11:50 1.40 11 50

1939-90 "10.50 - 11:50 .,! 11.50

1

1990-91 10,50.-41,56. 141 11.50

41:50 - 12.00 11 5-:

1981-92 10:50: 12.50 11.78

12.00.- 12,75 12.46 13.00

1992-93.
13.50 132
-1993-94 i : i 2 : 0 0 - 49:40. *-1,2:63
12.50 123
190 ."
1594-95 11.00 12:71
14.00
1995-96 13.75
13.69 13.75- 13.85 13.
1906-97 i.2etg,40+1385
12:01 * 12.30 -1305
1997-98
12:15 12.50 12
1998-99
11.00- 1225 11
1939-00 :
2000-01 9,4-70' OS,50,12.00 10

80-10.53
2001-02 6.98 11:00
-67- 8,00

2003-04 iZ8-6.40
SB07.36 6
2904-05
7:34." 7.32-785
2005-06

7.06 8.75 7:89 7.65 - 8.66

2006-07
7.84 - 8.90
2007-08
2008-09 5:44- 10.03, 5.80 - 9.90

6;07 8.43 T23* 7.04 8 56

2010:11 5.98 -8.67 792 8 05-8 58

2014-12 7.80 10 6.36 -9 49

Source :ReserlotannGIadoucorö_.
 An

Table VII.2: Mrke Loans of Ceutral Governoot AProfto"

7l0-) ) 7 36-0,d) ,30

f;-30
7.60-0.28 7.65-9. 4? 8.51

7.54-8.10 7.59-8.27 789

14 7
7 16 5-38
G85-7.ij 6.13-761 6.46-7.87 1)
143
5-38
3-7.27 6.12-7.48 6.68-7.67 697
1-3/ 1.1 /3
7.26-8.11 7.78
6.56-8.12 6.84-8.28 15.8)
1-40
6.87-7 44 6.76-7.77 7.22 round1T
622-7.38
anu liuures are
Residual laturity of issuances
-: Not applicable. :
ld to Maturity.
Note:
..Fbuyback/sWitch in Gol securities and spec1al securities,.
Jre30. 2019.
**: Up :
1.2
Source RI
holding 26.2 per cent and
provident funds the ReS.:
these securities respectively. The share of
recastalisation. Theoupon on per cent. per cent, cent :
per cent to 8.11 stood at 9.9 per
ranged between 7.30 Bank's holding
2.1 GE
Portfolio Investors (FPIs) held
O:ners/ip of Securities Foreign holc-.
PD outstanding stock. Other
Commercial banks (including the cent of the
banks, mutua!
funds.
VIl. 17 holders of G-sec, cooperative
remained the largest end-March
included
corporates.
Segimen)
39.1 per cet as on financial institutions and
accounting for companies and
insurance
2019, followed by Government of India
Dated
Issuance of
Table VII.3: Pattern
Securities - Maturity
2019-20*
2018-19
2017-18 Pr!.
Amount
Amount Percentage
raised
Residual Malurity Percentage to total
raised
Amount raised to total
6
4
5
3
2 510
19.1
1.5 1,089
1 560
90 27.5
1,570
! 5 0in 5 years 44.9 360
2,640 17.2
980
S9 99 ers 26.4 20
1,550 12.5
12.6 711
10-1499 ycars 740
1,360 23.8
15-1999 yeaG 14.6 100
860 2.210
100
0 ye3rs &abovo 100 5,710
5,880
numbers
round1ng off o
une 30 2019.
up to the total due fo
ight not add
}ucGnthe colurmns
 Bonowing of e
1: Not Market
Table VII. CentralGovement
VI
1

G-s0C yields roflecteda,ot;rittf.,

" , 0 . l i t li.t
319 377 lower natton (FP)0 7
driven by Inve,tor,
Portfolio
183
Forerqrn
n Augut 201 / It
172 rate o; :
100 11
policy repo
in the harcdenod in 03 Conru
however.
yields, informal
viz..
Soutce domestic factors. higher GFO
government on Monear/ .
Det:iragernent Operations by the the
forecast by increa.
inflation concernsover
in the bond in
Notwithstanding the volatility Committee (MPC)
and forn of D
viö average yield in the
the weighted government paper annoinC : *
:)thet conditions, during Supply of Further, the
dated secCurities issued recapitalisation bonds. sippa.
AVAY for Gol f1scal
6.97 per cent 2017 that the
declined by 19 bps to December 27. borro;
2017-18 VIl.1). This on additional market
2016-1.7 (Chart funded by qlob:
from 7. 16 per
cent in
average cost of
WOuld be G-sec yields. Among
the weighted hardening of increaS:
helped bring down outstanding debt stock by 23 led to
crude oil prices andan
rising
borrowings on the the factors, the further impacted the G
2017-18. Following fund rate announceme::
per cent in above inthe US Fed notwithstanding the
bps to 7.76 the tenors
decision of Golnot
to borrow in yields. In Q4, borrowings by the Gol.
year, the WAM in additional
last quarter of the of reduction yields resumed on th*.
15 yearsin
the 14.13 years pressure on
2017-18 slid to the upward spillovers
during
Consequently, WAM oil prices and
of issuances 2016-17). back of elevated
crude
(14.76 years in decreased marginally to
Outstanding debt Government - A Profile*
Loans of Central
Ma
on the (Yielc! in pr Cen
Market
Table VIl.2: Outstanding StocA
Year
issued during the Weighted
Primary Issies Range of Weighted
Average
Range of YTMs in Over 10 yoars
Weighted Maturities@ Average
Average Malurity
Ycrs 5-10 years Maturity
Under 5 years Yield
6
7
4 10.00
6-30 14.23
3 8.41
2 7.36-9.40 10.23
7.16-9.40 6-30 14.66
7.22-9.00 8.51 10.50
2013-14
7.65-9.42 16.03
7.66-9.28 7.89 6-40
7.59-8.27 10.65
2014-15 14,76
7.54-8. 10 7.16 5-38
2015-16
6.46-7,87 10.02
6.13-7.61 5-38 14.13
6.85-7.46 6.68-7.67 6.97 10.64
2016-17 6.42-7.48 15.04
7.23-7.27 7.76 2-37
7.33-8.15
2017-18 6.84-8.14 Residual natunty of issuances.
6.65-8.01 Up to June 30, 2018. :
2018-19*
secur1ties and special securities.
buyback/switch in Gol
Exchudng
Maturity.
Note: YTM Yield To
Source: RH).
 VII PUBLIC DEBT MANAGEMENT

DEBT MANAGEMENT OF CENTRAL Borrony!

Tablc VIl, 1: Gross and Net Markot
GOVERNMENT (hc Central Goverment 1

Market Borrowings 0101I

VII. 1 Thefinancial year 2012-13was characterised

Not Bort owings 3251
by sustained inflationary pressure and tight liquidity (3450)
cond1twns. The Reserve Bank, as the government's Gross Bonowngs )100
(.L)
debt managerconducted theborrowing programme (:4.57)

smoothly. guided by the twin objectives of lssuances hrough daltcd SCHnis

budqelesn,ales
minmisation of cost and pursuit of maturity profiles Note. FiQures in brachels ae

that are consistent with lOW rollover risk. Market

dala
borroing to the tune of R5580 billion was VIL.2 The weighted average yield of
20113
Successfully completed. Securities amounting 18 securities declined to 8.36 per cent in
billion, however devolved on primary dealers as Comparedto 8.52 per cent in 2011-12 due to 0:S
lh::
compared with ? 121 billion during the previous year. of yield mainly for the long dated securiies.
dated weighted average couponon the outstandingstoct
The gross and net amounts raised through
of Government dated securities, hovwever, incrcas!
securities in 2012-13 were higher by around 9 per
those raised to 7.97 per cent as on March 31, 2013 Irom 7 8
cent and 7 per cent, respectively than
per cènt as on March 31, 2012 (Table VIl.2).
in the previous year (Table VIl. 1).
Loans - A Profile#
Table VIl.2: Central Government's Market (Yield n perCent l,itunt ),

Issucs during the year

Year Range of YTMs at Primary IssUCS (AS.il .

Over 10 Weighted Tenor of Weighted \Woghte0

Under 5 years 5-10years secuities Averaga Averagl
years Average
Yield Maturity Malurity

5 7
3
7,77-8.81 7,69 6-30 13.8 1045
7.71-8.42 7.69-8,77
P009-09 5-15 11.16
G.07-7.77 6.85-8.43 7.23
6.09-7.25
7.17-8.19 7.64-8.63 7.92 5-30 11.62
00 11 5.98-8.67
7.80-10.01 8.25-9.28 8.52 7-30 12 66
8.21-8.49
7.86-8.76 7.91-8.06 8.36 5-30 13.50
8.82-8.21

3Atesu.hces undur MSS: YTM Yiold to Matuily.

116
 1100APaa

Er
10A,
CONÝOt\ATISM
OF INäIA
O4A OPrier

MIDOLCTON ROW, KOLKATA . 709 0T1.

ieNeist.39,1
70)Terninal Benefi/Court Cases/201|/Part-11. Date o)03 20)

Thc General Manager(Region)

Ti Corporation of lndia,
Exlibition Road, Arunachal Building,
Regional Office.
Patna-1.

Attn: Manager(Pension)
Sub: Interest on delayéd payment of gratuityin respect of Sri Prabhu Charan Bimabe,
Ex-Manager(D), FCI, DO, Patna reg.
Sir,

Please refer to your office letter No.Est.39(960)/P.CBirnabe/2015 dated 04.12.2015 on

the cited subject requesting thercin to accord sanction of interest amounting to Rs.8,43 l/
towards delayed payment of gratuity in favour of Sri Prabhu Charan Birnabe, Ex-Manager(D).
In this connection, it is stated that you, office has already issued payment towards
gratuity in respect of the said Cat-II officers on 25.08.2015 and subsequently the calculation
sheets of interest for delayed payment of gratuity against him was forwarded to, this office for
accord sanction by the Comptent Authority. The same has been cxamined at length in
consultation with Zonal Legal/Finance and the interest rate applicable for 10 ycars Govt,
Securities yield, prvailing in the last. day of cach month of the. Weckly Statistical
Supplements of Reserve Bank of India has been taken as basis of reckoning.
the
Accordingly, sanction of the Competent Authority is hereby accorded for releasingonly)
eight,'hundred eighty eight
interest amount of Rs.7,888/-Rupees sven thousandEx-Mañager(D),
immediately in favour of Sri Prabhu Charan Birnabe, FCI, DO, Patna for
office.
delayed payment of gratuity under intimation to this
Yours faithfully,

(S. K. GOGOI)
ASSTT. GENL. MANAGER(PERS)
FOR EXECUTIVE DIRECTOREAST)