Consolidated Sinking Fund – Amendment Orders

GOERNMENT OF ANDHRA PRADESH
A B S T R A C T
Consolidated Sinking Fund – Revised Scheme of Consolidated sinking Fund
– Amendment Orders – Issued.

…………………………………………
FINANCE (CASH MANAGEMENT) DEPARTMENT
G.O.MS.No. 128 Dated: 01-07-2016
Read the following:
1. G.O.Ms.No.24, Finance (W&M) Department, dated 23.01.2008.
2. G.O.Rt.No.1512, Finance (W&M) Department, dated 31.03.2008.
3. D.O.IDMD. Res. No. 2125/10.08.013/2015-16 Dt. 21.03.2016
received from Reserve bank of India.
* * *
O R D E R:
In Pursuance to the consultation with the Reserve bank of India, the
Government of Andhra Pradesh is pleased to make the following
amendment to the Consolidated Sinking Fund scheme issued in the G.O. 1st
read above.

For	Read as
be utilised for any purpose other than redemption of the outstanding liabilities of the Government Provided that the net incremental annual investment of states (i.e. Outstanding balance over and above the level in the corresponding period of previous year) shall be eligible for availing special WMA such that the availment of special WMA under this provision does not exceeded the normal WMA limit	Clause 4 (d): The Fund Shall not be utilised for any purpose other than redemption of the outstanding liabilities of the Government Provided that the net incremental annual investment of states (i.e. Outstanding balance over and above the level in the corresponding period of previous year) shall be eligible for availing special WMA.
Clause 8 : The accretions to the fund shall be invested in Govt. of India Securities of such maturities as the bank may determine from time to in consultation with the Govt.	Clause 8 : The accretions to the fund shall be invested in Govt. of India Dated Securities, Treasury bills, Special Securities of the Govt. of India and State Development loans of other states of such maturities as the bank may determine from time to in consultation with the Govt.
Clause 8 (b): The bank will make available the securities for investment either from own investment portfolio or by acquiring the securities from the secondary market, without loading any charge other than that indicated in paragraph 10.	Clause 8 (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.

(BY ORDER AND IN THE NAME OF GOVERNOR OF ANDHRA PRADESH)

K.SUNITHA

SECRETARY TO GOVERNMENT (B&IF)

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GOVERNMENT OF ANDHRA PRADESH

A B S T R A C T

Consolidated Sinking Fund – Revised Scheme of Guarantee Redemption

Fund – Amendment Orders – Issued.

…………………………………………………………………………………………………………………………

FINANCE (CASH MANAGEMENT) DEPARTMENT

GG.O.MS.No. 129 Dated: 01-07-2016

Read the following:

1. G.O.Ms.No.6, Finance (W&M) Department, dated 03.01.2002.

2. G.O.Ms.No.71, Finance (DCM-I) Department, dated 24.03.2014.

3. D.O.IDMD. Res. No. 2125/10.08.013/2015-16 Dt. 21.03.2016

received from Reserve bank of India.

* * *

O R D E R:

In Pursuance to the consultation with the Reserve bank of India, the

Government of Andhra Pradesh is pleased to make the following

amendment to the Guarantees Redemption Fund scheme issued in the G.O.

1st read above.

For	Read as
Clause 3 (a) : The accumulations in the fund shall be utilised only towards the payment of the guarantees issued by the govt. and invoked by the beneficiary and not paid by the Institution on whose behalf guarantee was issued. Provided that the net incremental annual investment of states (i.e. outstanding balance over and above the level in the corresponding period of the previous year) shall be eligible for availing special Ways Means advances (Special WMA) from the Reserve bank of India (herein after referred to as the bank) such that availment of Special WMA under this provision does not exceeded the normal WMA limit fixed by the Bank.	Clause 3 (a) : The accumulations in the fund shall be utilised only towards the payment of the guarantees issued by the govt. and invoked by the beneficiary and not paid by the Institution on whose behalf guarantee was issued. Provided that the net incremental annual investment of states (i.e. outstanding balance over and above the level in the corresponding period of the previous year) shall be eligible for availing special Ways Means advances (Special WMA) from the Reserve bank of India ( herein after referred to as the bank).
Clause 8 : The acquisition to the fund shall be invested in Govt. of India Securities of such maturities as the bank may determine from time to time in consultation with the Govt. The Bank shall make available the securities for investment either from its own investment portfolio or by acquiring securities from the secondary market, without loading any charge other than that indicated in paragraph 11.	Clause 8 : The accretions to the fund shall be invested in Govt. of India Dated Securities, Treasury Bill, Special Securities of the GOI and State Development Loans of other States of such maturities as the bank may determine from time to time in consultation with the Govt. The Bank shall make available the securities for investment by acquiring securities from the secondary market, without loading any charge other than that indicated in paragraph 11.