Description of Demand No.

& Head 

Demand No. 32 Major Head 2047Other Fiscal Services; Minor Head 00.798International Cooperation; Sub Head 01.00.32--Contribution to Rental Cost of IMF Resident office, Delhi. (Rs.)

GoI contribution to IMF towards rental value of the premises occupied by IMF local office at New Delhi is fixed at US $ 33,600 p.a.( US $ 2800/- at RBI selling rate. Nature of transaction: Cash outgo. Annual

Sl.No. 1

BE 2011-12 RE 2011-12 BE 2012-13 Actual ( 2011-12) 15,12,000 16,46,400 16,46,400 15,12,000 Major Head 2047-Other Fiscal Services; Minor Head 00.798-International Cooperation, Sub-head 04.00.32--Contribution to ESAF / PRGF Trust Subsidy Account of IMF.

India had made payment of 15th and last annual installment of US $ 1 million in the FY 2008-09. Nature of transaction: ?, It is an international obligation to make an annual payment of Assessment charges to IMF Assessment charges levied by the IMF to cover the operational costs of conducting the business of the SDR Deptt. of IMF. Nature of transaction:Cash out go. Annual. *RBI vide letter dt. 28.06.2011 informed to debit to IMF Rs.38,36,398,00/on value date 30.04.2011. The payment under the head exceeded the budgetary provision by Rs.15,76,398/-. A sanction amounting to Rs.22,60,000/was issued on 2nd August, 2011 (F.No. 6/2/2010FB.I). The remaining balance of Rs.15,76,398/- will be issued at RE 2011-12 stage.

2.

NIL NIL NIL NIL Demand No. 32 Major Head 3466 International Financial Institutions; Minor Head 00.105 International Monetary Fund; Sub head 01.00.50 Assessment charges payable to IMF other charges( i.e. with respect to administration of SDRs)

3.

22,60,000

38,36,398

76,9006

22,60,000* *Budget division had been requested to close the budgetary sub-head

Demand No. 32 Major Head 3466-- International Financial Institutions; Minor Head 02Multi Donor Technical Assistance Sub-Account for Iraq; Sub Head 02.00.32-

Contribution to Multi Donor Technical Assistance Sub-Account for Iraq.

made for the purpose. Nature of transaction:?

4.

* The payment required to be made towards ENA facility of IMF in the FY 2009-10 was the last & final installment of the pledged amount. Nature of transaction: NB. Transferred to G 24 Cell in DEA. Hence no provision is mentioned.

Demand No. 32. Major Head 3466--International Financial Institutions; 03.01.32Payment of Contribution to Emergency Assistance for Natural Disasters

5.

NIL NIL NIL NIL Demand No. 32 Major Head 3605Technical and Economic Co-operation with other countries; Minor Head 00.101Cooperation with other countries, Sub-head 08.02.32Contribution to Liaison office of G-24.

6.

Demand No. 32 Major Head 5466 Investment in International Financial Institutions; Minor Head-01.00.54-Investment- Sub Head -00.207 International Monetary Fund ( in securities)

The account is related to the subscription to International Monetary Fund. A total provision of Rs. 11,327.14 crores ( equivalent to SDR 1663.3 million) towards quota increase in IMF during the FY 2010-11 comprised of cash portion to meet the expenditure Rs. 2860.1 crore ( i.e. 25.25% of Rs. 11,327 core); and securities option to meet the expenditure of Rs. 8467 cores. The resulted saving of Rs. 2444.52 cores against the actual payment of Rs. 8882.62 core only had taken place. The reason is saving is that India opted to make the payment of Reserve Asset portion ( 25% )of the quota payment in terms of SDR (out of the SDR Holdings of India) . The rest 75% of quota increase was made through securities. The Budget Div. has been requested to purchase SDR of Rs. 2444.52 cr. Decision awaited. Nature of transaction: both cash and securities.

11729,41,000

11729,41,000

1,00,000

* Rs. 8882.62 core( A sanction of Rs. 11327,13,95,320/-was issued to RBI vide letter dated st 31 March, 2011)

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Demand No. 32 A member has to pay an Major Head 5466- Investment in International Financial Institutions, Minor additional currency if its Head 00.207-International Monetary Fund (in securities)- Sub Head -02- currency depreciates Maintenance of Value ( MoV) obligation 02.00.54-Investment in ( the Demand against the SDR, and IMF No. 32- Department of Economic Affairs ) will refund some of these currencies holdings if the currency appreciates. Nature of transaction: No cash out go. Annual at the end of FY April of the year. 1609,78,37,444 1609,78,37,444 1609.79 cr. *1609,78,37,444 *sanction to RBI vide letter dated 21st October, 2011.

8.

Demand No. 34. Major Head 2049 Interest Payments-60-Interest on other Obligations- 701Misc-01-Chargable payable to IMF for utilization of SDRs- 01.00.45- Interest in Appropriation No.34- Interest Payments.

9.

74,81,19,000

83,96,01,227

22,94,84,876

98,31,47,443*

Demand No. 32. NPA Principal: Major Head: 7475- Loans for other General Economic Services; Minor: ** Loans to IMF under New Arrangement to Borrow. NB. Controller of Accounts have been requested vide OM No.05/15/2009-B.I (Vol.VI) dated 17th January, 2012 for allocation of codes for sub-head)

*This is total expenditure incurred on account of 3rd th installment. The 4 fourth installment i.e. Nov 30, 2011 to Jan 31, 2011 is to be covered. The release of 3rd installment of Rs. 27.42 cr. has resulted in excess of Rs. 23.50 crore to the BE ( 2011-12) of Rs. 74.81 cr.) Nature of transaction: no net cash outflow on GoI s book on any single day.

10.

9003.0375 cr.#

9003.0375 cr.

1,00,000

13,172,844,182/-* + Rs. 5,69,35,747/-

Rs. 5,69,35,747/- has been debited from GoI s account under both NPA+ NAB(NPA =Rs.3,95,56,237/- + NAB = Rs.1,73,79,510/-) *The second folding in of outstanding claims under RBI s NPA into NAB with IMF for an amount of INR 13,172,844,182/equivalent to SDR 160,000,000 at representative rate of 1 INR = SDR 0.0121462/# This provision is a cumulative for NPA + NAB.

Demand No. 34 Interest on NPA: Demand No. 34-Department of Economic Affairs; Major Head 2049- interest

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payments -60- interest on other obligations -701- Miscellaneous-04.00.-interest on Note Purchase Agreement with IMF. 9003.0375 cr. 3.96 cr. 1,00,000 3.96 cr Demand No. 34. Interest on NAB: Demand No. 34-Department of Economic Affairs; Major Head 2049- interest payments -60- interest on other obligations -701- Miscellaneous 05- interest on New Arrangement to Borrow with IMF - 05.00.45-interest on New Arrangement to Borrow with IMF.

upto 7.4.2011 =Rs.3.96 core

Nature of transaction: Quarterly.

12.

16.78 cr.

NAB: (i) Rs. 1.74 cr. ( 8.4.2011 to 30.4.2011) (ii) Rs. 7.34cr. ( 1.5.2011 31.7.2011) (iii) Rs.5.23 cr. ( Aug 1, 2011 Oct 31, 2011) (iv) Rs.2.47 cr. ( upto Jan 31, 2012)

Demand No. 37- Appropriation Repayment of Debt. For transactions under FTP Major Head 6001-Internal Debt of the Central Government; Minor Head 00.105 Securities issued to International Financial Institutions; 02 International Monetary Fund 02.00.56- Repayment of Borrowings( Appropriation No. 37).

13.

2,592.8748 cr.*

2,592.8748 cr.*

1,00,000

920 cr.

*the proposal to enhance

provision in BE 2011-12 of Rs. 1 lakh under the head toRs. 2,592.8748 crores (i.e. SDR 360 million) in the First Batch of Supplementary 2011-12 was not agreed. Portugal as on September 2011 = Rs/ 260 cr. Portugal value date on December 21, 2011 + Ireland on December 16, 2011= Rs. 660/- + 260= Rs. 920 cr.