Wednesday 12 April 2017

Repayment of 7.49% Government Stock 2017 (con)- Issue of Corrigendum to Press Communique

(Corrigendum)


In the Press Communique of the Government of India in the Ministry of Finance (Department of Economic Affairs), dated the 22nd March, 2017, namely –

“The outstanding balance of 7.49% Government Stock 2017(con) is repayable at par on April 13, 2017 (April 14, 15 & 16, 2017 being bank holiday, Saturday & Sunday, respectively).  No interest will accrue there on from April 16, 2017. In the event of a holiday being declared on April 13, 2017, by any State Government under the Negotiable Instruments Act, 1881, the Loan/s will be repaid by the paying offices in that State on the previous working day.”
Shall be read as :
“The outstanding balance of 7.49% Government Stock 2017(con) is repayable at par on April 15, 2017 (April 16, 2017 being a Sunday).  No interest will accrue there on from April 16, 2017. In the event of a holiday being declared on April 15, 2017, by any State Government under the Negotiable Instruments Act, 1881, the Loan/s will be repaid by the paying offices in that State on the previous working day.”
            The other terms & Conditions of the Press Communiqué dated March 22, 2017 shall remain same.
Courtesy: pib.nic.in
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