Scheme for Constitution and Administration of the Consolidated Sinking Fund of Government of National Capital Territory of Delhi

REGD. No. D. L.-33002/99 GOVERNMENT OF INDIA Delhi Gazette SG-DL-E-05082026-275199 EXTRAORDINARY PUBLISHED BY AUTHORITY No. 205] DELHI, WEDNESDAY, JULY 29, 2026/SHRAVAN 7, 1948 [N. C. T. D. No. 135 PART IV GOVERNMENT OF THE NATIONAL CAPITAL TERRITORY OF DELHI FINANCE DEPARTMENT (Public Finance Cell) NOTIFICATION Delhi, the 29th July, 2026 No.F.FIN-PF/2/2026-PF-FD/345812/209.- The Lt. Governor of Government of NCT of Delhi is pleased to constitute the following scheme to be known as the Scheme for Constitution and Administration of the Consolidated Sinking Fund of Government of National Capital Territory of Delhi. Scheme for Constitution and Administration of the Consolidated Sinking Fund of Government of National Capital Territory of Delhi Title of the Scheme 1. The Scheme shall be called 'Consolidated Sinking Fund (hereinafter referred to as 'the Fund') Scheme' of the Government of National Capital Territory of Delhi (hereinafter referred to as 'the Government'). Constitution of the Fund 2. The Fund will be constituted by the Government of National Capital Territory of Delhi for redeeming its outstanding liabilities. Objective of the Scheme 3. The Fund is to be utilized as an Amortization Fund for redemption of the outstanding liabilities of the Government commencing from the financial year 2026-27. Commencement of 4. The Fund shall come into force with effect from the date of the the Operation of the notification. The Operation of the Scheme is as under: Scheme (a) The Fund shall substitute the existing fund mentioned under the extant CSF scheme adopted by the Government. (b) The outstanding balances of the existing fund under the extant CSF Scheme as at end-March-2026 shall be transferred to the Fund. (c) 50 per cent of the outstanding corpus held in the CSF as on March 31 of the second preceding financial year, or the amount of redemption falling due during the financial year (April - March), whichever is less, should be reckoned for arriving at the maximum eligible limit for withdrawal from the CSF during the year. (d) The Fund shall not be utilized for any purpose other than redemption of the outstanding liabilities of the Government. (e) The State Government can avail of short-term accommodation under Special Drawing Facility (SDF) from Reserve Bank of India (hereinafter referred to as 'the Bank') against the collateral of investment made in CSF for meeting temporary cashflow mismatches, subject to the terms and conditions as fixed by the Bank from time to time. (f) The outstanding liabilities is defined to comprise both internal debt and public account liabilities of the Government. Contributions to the Fund 5. The Government should make conscious efforts towards building up the CSF corpus to five per cent of the outstanding liabilities within a span of five years. There is no ceiling on such contributions to the Fund in terms of number of times of making contributions in a year. It is open to the Government to invest in the Fund from the General Revenue at any time or from other sources such as disinvestment proceeds, at its discretion. The Government shall not fund its contribution to the Fund out of borrowings from the Reserve Bank. Relationship of the Fund with General Revenues 6. The corpus of the Fund comprising the periodic contributions as well as the income accruing to the Fund shall be kept outside the General Revenue of the Government. The Fund shall be utilized in the manner prescribed in this Scheme. Administration of the Fund 7. The Fund shall be administered by Central Accounts Section of the Bank at Nagpur, (subject to such directions instructions as the Government may issue from time to time). Investment of the corpus of the Fund 8. The accretions to the Fund shall be invested in Government of India (GoI) dated Securities, Special Securities of Gol, Treasury Bills and State Government securities of other States of such maturities as the Bank may determine from time to time in consultation with the Government. Explanation (a) The accretions to the Fund shall include the periodic contributions and the income accruing to the Fund from investment thereof. (b) The Bank will make available the securities for investment by acquiring the securities from the secondary market, without loading any charge other than that indicated in paragraph 10. Account Transactions 9. (a) The Bank would arrange to raise a debit to the account of the Government maintained with it as per the advice of the Government. (d) The provision for expenditure on account of the periodic contributions shall be made in the Budget of the Government under the relevant head. The extent of expenditure to be financed from the Fund shall be withdrawn from the Fund by the disposal of the investment. (e) The Bank shall open a Current Account and Subsidiary General Ledger Account in the name of the Fund and furnish to the Government as at the end of September and March each year, a statement showing the details of investments. Service charges for administration of the Fund 11 The Government shall pay to the Bank a commission at the rate of 1/8 per cent of one per cent on the turnover of the Fund or at the rate to be mutually decided from time to time. Accounts and Audit 12 The accounts of the Fund and the investments shall be maintained by the Chief Controller of Accounts/Principal Accounts Office of the State in the normal course. The Bank will maintain subsidiary accounts in such manner and details as may be considered by the Government in consultation with the Chief Controller of Accounts/ Principal Accounts Office. Savings 13 The Government shall issue instructions relating to the provisions of the Scheme as may be considered fromtime to time to enable smooth functioning of the scheme. In case of any difficulty in the operation of any provision of Scheme, the Government may, if satisfied, relax the provisions. By order and in the name of the Lt. Governor of the National Capital Territory of Delhi, SANTOSH D. VAIDYA, PR. Secy. (Finance) Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054. KUMER Digitally signed by KUMER CHAND CHAND MEΕΝΑ Date: 2026.08.05 MEENA 12:25:09 +05'30'