The Gujarat government today said it will sell state government stock securities worth Rs 1,000 crore with a holding period of 10 years to fund development programmes and schemes included in its annual development plan (ADP) for 2011-2012.
The auction of the stock securities will be conducted by the Reserve Bank of India (RBI) tomorrow, Gujarat Finance Department Additional Secretary Manish Verma said in a statement.
In recent years, the Gujarat government’s public debt has mounted and it stood at Rs 1,13,125 crore as of March 31, 2011. According to the state government, the debt has been utilised for developmental activities in the state and in the creation of productive assets.
From: http://ping.fm/qOsaf
Popular Posts
-
Authorities said a gunman has shot and killed a top member of the Afghan peace council in Kabul.It is another blow to efforts to negotiate a...
-
The FBI and Homeland Security have issued a nationwide warning about al-Qaida threats to small airplanes, just days before the anniversary o...
-
A speeding truck on Friday night dashed into a peepal (Indian fig) tree in Delhi's Mayur Vihar Phase I uprooting it completely. From: ht...
-
The rupee, in the shortened week, depreciated by 24 paise or 0.47 per cent against the US currency. "The Indian currency markets witnes...
-
Three-year-old Aman was playing in front of the lift door on the third floor, while waiting with his father for the lift to arrive in Delhi’...
-
The turf war between rival factions of the Hurriyat Conference had reached a point where moderate leader Mirwaiz Umar Farooq counseled again...
-
Watch Top 20 news stories at breakneck speed on India TV in its T20 programme. Find breaking news, India news, top stories, elections, polit...
-
Pakistan seems to be in no mood to release from its custody a doctor who worked for the CIA to track down al-Qaida chief Osama bin Laden in ...
-
Two suspected U.S. drone strikes killed 11 al-Qaeda militants in southern Yemen on Saturday, Yemeni military officials said. From: http://pi...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment