D.    Grants-in-aid and Contributions
E.    Public Debt

 

MAJOR/ SUB-MAJOR HEADS

MINOR HEADS

6001

Internal Debt of Central Government

   
   

101

Market Loans (1)

   

103

Treasury Bills and connected Securities issued to R.B.I. (2)

   

105

Securities issued to International Financial Institutions (3)

   

106

Compensation and other Bonds (9)

   

107

Special securities issued to Reserve Bank of India (5)

   

108

182-Days-Treasury Bills (6)

   

110

364-Days-Treasury Bills (6)

   

111

Gold Bonds 1998

   

112

10% Relief Bonds, 1993

   

113

12.08% Government of India Compensation (Project Exports to Iraq) Bonds, 2001 (7)

   

114

Ways & Means Advances from Reserve Bank of India

   

115

14 Day Treasury Bills (8)

   

116

28 Day Treasury Bills

   

117

Marketable Securities Issued In Conversion of Special Securities

   

121

Special Central Government Securities issued against outstanding balances of Small Savings as on 31-3-99

   

122

Special Central Government Securities issued against net collections of Small Savings from 1-4-99

   

800

Other Loans (4)

Notes:

(1)    This minor head shall have three sub heads namely: -

  1. Market loans bearing interest
  2. Market loans not bearing interest
  3. Market Loans suspense.

Each denomination of loan will appear as a distinct detailed head under the sub-head (a) above. The amounts representing unclaimed balance of old loans which have been notified for discharge and have ceased to bear interest from the due date of discharge will be transferred from the sub-head (a) above to the sub-head (b) and will appear under corresponding detailed heads under the latter sub-head.

These unclaimed balances are usually retained in Government Accounts as debt for 20 years from the date of discharge of the loans, after which, the balances are transferred to Revenue by credit to the head "0075 Miscellaneous General Services -Other Receipts”. Repayments of these amounts subsequently claimed likewise will be debited to the head "2075 - Miscellaneous General Services - Other Expenditure".

The full nominal value of Zero Coupon Bonds, 1999 will also be credited under a detailed head "Zero Coupon Bonds, 1999" below the sub-head (b) above and the amount of discount on the Bond will be debited to the minor head "136 - Discount Sinking Fund" with sub-head "Sinking Fund for Zero Coupon Bonds, 1999" thereunder below the major head "8663- Accounting Adjustment Suspense''. The amount debited to the minor head '136- Discount Sinking Fund' below the major head ‘8663- Accounting Adjustment Suspense’ will be written back to revenue in equal instalment over the currency of loan by debting one fifth of the amount initially debited to "Discount Sinking Fund'' to the expenditure major/sub-major/ minor head "2049- Interest Payments - 01 - Interest on Internal Debt - 113 Discount on Zero Coupon Bonds, 1999" per contra credit i.e. minus Debit to the minor head "136- Discount Sinking Fund' below the major head "8663- Accounting Adjustment Suspense". On maturity of the Bonds, the entire amount will be repaid by debiting major/minor/ sub/detailed head "6001 - Internal Debt of Central Government - 101 Market Loans -Market Loans not bearing interest - Zero Coupon Bonds, 1999.

The subscriptions towards Market Loans received initially will be credited under a distinct detailed head below the sub-head (c) above. The amount of accepted subscription for which scrips are issued by the RBI will be transferred to the sub-head (a). The over -subscribed amount which will not bear any interest may be refunded by minus credit to the sub-head (c) and no budget provision will be necessary for this purpose.

(2)    This minor head shall have two sub-heads, namely: -

  1. Treasury Bills with 91 days currency.
  2. Treasury Bills Converted as securities.

The sub-head at (a) will cater to investments in Government of India Treasury Bills subscribed to by the State Governments, Banks, Corporations etc of their surpluses and the repayments thereto. The subhead at (b) shall account for Treasury Bills converted special securities and issued to Reserve bank of India.

(3)    Each institution, namely, the International Monetary Fund, the International Bank for Reconstruction and Development, the International Development Association etc. will appear as sub-heads under this minor head with Detailed Heads for each denomination of the Security for such Institutions.

(4)    This minor head will record transactions in respect of loans for construction/ Acquisition of residential/Non-residential buildings constructed by the Government of India missions abroad from foreign branches of Indian financial institutions like L.I.C., Banks etc.

(5)    This minor head shall account for securities issued to Reserve Bank of India for acquisition of Special Drawing Rights etc.

(6)    This minor head will record investment made by all parties other than Reserve Bank of India.

(7)    When the bonds are issued, the full nominal value of the bonds will be credited under this minor head per contra debit to a minor head '137-Suspense Account -Redemption of 12.08% Government of India compensation (Project Exports to Iraq) Bonds, 2001 below the major head '8663- Accounting Adjustment Suspense'.

Also please see Note (4) below the major head '8663 Accounting Adjustment Suspense'. On redemption of bonds the amount will be debited under this minor head after making necessary budget provision of that year.

(8)    The temporary cash surpluses of State Governments, foreign central banks and other specified bodies so invested will be classified under this minor head. This minor head will include transactions of '14-Days Treasury Bills' through auction and also transactions relating to 13/15 days Treasury Bills"

(9)    The unclaimed balances of these bonds are usually retained in Government Accounts for 20 years from the date of their maturity after which the balances are transferred to Revenue by credit to the head '0075 Miscellaneous General Services - Other Receipts'. Repayments of these amounts subsequently claimed likewise will be debited to the head '2075-Miscellaneous General Services - Other Expenditure’.

MAJOR /SUB-MAJOR HEADS

MINOR HEADS

6002

External Debt (1)

   
   

201

Loans from Abu Dhabi fund for Arab Economic Development

   

202

Loans from the Federal Austrian Government

   

203

Loans from the Government of the Kingdom of Belgium

   

204

Loans from the Government of Canada

   

205

Loans from the Government of Czechoslavak Republic

   

206

Loans from the Government of Denmark

   

207

Loans from the European Economic Community

   

208

Loans from the Government of France

   

209

Loans from the Government of Federal Republic of Germany

   

210

Loans from the Government of Hungarian People's Republic

   

211

Loans from the Government of Iraq

   

212

Loans from the Government of Italy

   

213

Loans from the International Development Association

   

214

Loans from I.F.A.D.

   

215

Loans from International Monetary Fund

   

216

Loans from the International Bank for Reconstruction and Development

   

217

Loans from the Government of Japan

   

218

Loans from Kuwait fund for Arab Economic Development

   

219

Loans from the Govt. of Norway

   

220

Loans from the Government of Netherlands

   

221

Loans from the O.P.E.C. Special Fund

   

222

Loans from the Government of Polish People's Republic

   

223

Loans from the Government of Swiss Confederation and Swiss Banks

   

224

Loans from Saudi fund for Development

   

225

Loan From The Government Of United Kingdom

   

226

Loans from the Agency for International Development U.S.A

   

227

Loans from the Government of U.S.A. under PL-480 convertible local currency Credits

   

228

Other miscellaneous Loans from the Government of U.S.A

   

229

Loans from the exim bank of U.S.A. (Repayable in U.S. Dollars)

   

230

Loans from the Government of Russian Federation

   

231

Loans from the Government of United Arab Emirates

   

232

Loans from the Central Republic of Yugoslavia

   

233

Loans from the Govt. of Sweden

   

234

Loans from Swedish Int. Development Agency (SIDA)

   

235

Loans from UN

   

236

Loans from UNDP

   

237

Loans from UNICEF

   

238

Loans from WHO

   

239

Loans from IAEA, Vienna

   

240

Loans from DANIDA

   

241

Loans from New Zealand

   

242

Loans from the Govt. of Australia

   

243

Loans under Colombo Plan

   

244

Loans from I.L.O.

   

245

Loans from UNFPA

   

246

Loans from International Rice Research Institute

   

247

Loans from Integrated Rural Development

   

248

Loans from International Development Research Centre

   

249

Loans from the Government Qatar in connection with retirement of Indian Currency.

   

250

Loans from Asian Development Bank

   

251

Loans from Government of Spain.

   

298

Defence Certificates

   

299

Loans for Construction/acquisition of buildings by Indian Missions abroad

Note:

(1)    Each denomination of loan received from each foreign counter/Institution will appear as a sub-head under the relevant minor heads.

MAJOR / SUB-MAJOR HEADS

MINOR HEADS

6003

Internal debt of the State Government

   
   

101

Market Loans (1)

   

103

Loans from Life Insurance Corporation of India

   

104

Loans from General Insurance Corporation of India

   

105

Loans from the National Bank for Agricultural and Rural Development

   

106

Compensation and other Bonds (3)

   

107

Loans from the State Bank of India and other Banks

   

108

Loans from National Co-operative Development Corporation

   

109

Loans from other Institutions (2)

   

110

Ways and Means Advances from the Reserve Bank of India

   

111

Special Securities issued to National Small Savings Fund of the Central Government

   

800

Other Loans

Notes:

(1)    See Note 1 below "6001-Internal Debt of the Central Government".

(2)    Each institution from which loans are received will appear as a distinct sub-head under this minor head,

(3)    The unclaimed balances of these bonds are usually retained in Government Accounts for 20 years from the date of their maturity after which the balances are transferred to Revenue by credit to the head '0075 Miscellaneous General Services - Other Receipts'. Repayments of these amounts subsequently claimed likewise will be debited to the head '2075-Miscellaneous General Services - Other Expenditure.

MAJOR/ SUB-MAJOR HEADS

MINOR HEADS

6004

Loans and Advances from the Central Government

   
 

01 Non-Plan Loans

   
   

101

Loans to cover gap in resources

   

102

Share of Small Savings Collections

   

201

House Building Advances

   

800

Other Loans

 

02 Loans for State/Union Territory Plan Schemes

   
   

101

Block Loans

   

102

Loans as Advances Plan Assistance for relief on account of Natural Calamities (6)

   

103

Loans against External Assistance received in kind

   

104

1984-89 State Plan Loans Consolidated in terms of recommendations of the 9th Finance Commission '.

 

03 Loans for Central Plan Schemes

   
   

321

Village and Small Industries

   

800

Other Loans

 

04 Loans for Centrally Sponsored Plan Schemes

   
 

05 Loans for Special Schemes

   
   

101

Schemes of North Eastern Council

   

102

Development of Border Areas.

 

06 Ways and Means Advances

   
   

101

Ways and Means Advances for Plan Schemes

   

102

Ways and Means Advances towards Expenditure on upgradation of Standards of Administration (5)

   

103

Ways and Means Advances towards Expenditure on net Interest liability on account of fresh borrowings and lending (5)

   

800

Other Ways and Means Advance

 

07 Pre-1984-85 Loans (1)

   
   

101

Rehabilitation of Displaced Persons, Repatriates etc. (2)

   

102

National Loan Scholarship Scheme (3)

   

103

Loans to clear overdrafts advanced during 1982-83 and 1983-84 (3)

   

104

Consolidated Loans to Orissa for Hirakund Project - Stage I

   

105

Small Savings Loans

   

106

Pre-1979-80 consolidated Loans for Productive and Semi productive purposes (4)

   

107

Pre-1979-80consolidated loans reconsolidated into 25year and 30 year loans(7)

   

108

1979-84 consolidated Loans (8)

   

109

Rehabilitation of Gold Smiths

   

800

Other Loans (9)

Notes:

(1)    This sub-major head has been provided to account for the outstanding balance of the central loans advanced to States upto 31.3.1984 as on 1.4.85.

(2)    This minor head will have the following three sub-heads.--

  1. Pre 1974 loans written off
  2. 1974-84 Relending loans written off.
  3. 1979-84 Straight loans-in respect of these loans, the repayments by the State Government, to the Centre would be according to the terms on which the loans were sanctioned.

(3)    In respect of these loans, the repayments by the State Government to the Centre would be according to thd terms on which the loans were sanctioned.

(4)    This minor head will have the following sub-heads: -

  1. Loans for productive purposes repayable over 15 years from 1979-80.
  2. Loans for semi-productive purposes repayable over 30 years from 1979-80.

(5)    This minor head shall be operated to classify temporarily the advances received by the State Government as recommended by the 7th Finance commission pending issue of presidential order within the close of the Financial year and such advances shall be free of interest. The advances so classified shall be withdrawn within the account of the same financial year by minus credit and shall be brought to account under the major head "1601-Grants-in-aid from central Government",

(6)    Loans as advanced Plan assistance for drought relief will be adjusted under distinct sub-head Drought-Relief.

(7)    This minor head will have the following two sub-heads.

  1. Loan repayable annually over 25 years
  2. Loans repayable annually over 30 years

(8)    This minor head will have the following four sub-head: -

  1. Loans repayable annually over 15 years
  2. Loans repayable annually over 20 years
  3. Loans repayable annually over 25 years
  4. Loans repayable annually over 30 years

(9)    This minor head would include write off of overpayments during 1985-89 as recommended by the Eighth Finance Commission. The balances of the pre 1984-85 'Orissa Hirakund project Stage I" loans and the 1979-84 consolidated loans will also initially be debited to this minor head. The final allocation of the amounts of loans under these categories will follow formal sanction of the Government of India.

MAJOR / SUB-MAJOR HEADS

MINOR HEADS

6005

External Debt Suspense (1)

   
   

101

Disbursement under Direct Payment Procedure (1)

Note :

(1)    This major/minor head will account for the external loan transaction under the Direct Payment Procedure i.e. when the amount is required to be paid by the importer. Payments to Suppliers abroad out of external loans by the Donors will initially be taken as a credit against the relevant grant/loan minor head under the major heads '1605 External Grant Assistance', '6002 External Debt' per contra minus credit to this major/minor head. This minus credit will be relieved when the deposit is received from the Indian importer.