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Core Purpose

Notification of the Government of India cancelling part of the outstanding Non-interest bearing Government of India IDBI Special Security, 2024, for a nominal amount of Rupees 1,500 crore.

Detailed Summary

Notification F.No.4(4)-B(W&M)/2018, dated 30th August 2023, issued by the Budget Division, Department of Economic Affairs, Ministry of Finance, by order of the President of India, notifies the cancellation of the Non-interest bearing Government of India IDBI Special Security, 2024 (the "Special Security") for an aggregate nominal amount of Rupees one thousand five hundred crore (Rs. 1,500 crore), with the date of cancellation being 30th August 2023, resulting in an outstanding stock of the Special Security of Rupees Eight Hundred Seventy Eight crore and Seventy Three lakhs (Rs. 878.73 crore) nominal thereafter; signed by Ashish Vachhani, Additional Secretary.

Full Text

EXTRAORDINARY PART I—Section 1 PUBLISHED BY AUTHORITY No. 209] NEW DELHI, THURS DAY, AUGUST 31, 2023/BHADRA 9, 194 5 CG-DL-E-31082023-248433 MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS (Budget Division) NOTIFICATION New Delhi, the 30th August, 2023 Subject: Cancellation of a part of outstanding stock of Non -interest bearing G overnme nt of India IDBI Special Security, 2024. F.No.4(4) -B(W&M)/2018 .—Government of India, hereby notifies cancellation of Non -interest bearing Government of India IDBI Special Security, 2024 (hereinafter briefly described as “the Special Security”) for an aggre gate amount of Rupees one thousand five hundred crore only (₹1,500 crore) [nominal]. 2. Date of Cancellation The date of cancellation of the Special Security by the Government of India shall be the August 30, 2023. 3. Outstanding Stock The outstanding stoc k of the Special Security shall be Rupees Eight Hundred Seventy Eight crore and Seventy Three lakhs only (Rs. 878.73 crore) [nominal] after cancellation. By order of the President of India ASHISH VACHHANI, Add l. Secy. Uploaded by Dte. of Pri nting at Government of India Press, Ring Road, Mayapuri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054.

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