Question : US DOLLARS RAISED THROUGH SALE OF RESURGENT INDIA BONDS



(a) the total amount of US dollars raised by selling Resurgent India Bonds direct to individual NRIs, Partnerships, Corporations and entities, principally owned by NRIs; and

(b) the likewise total realization by sale of India Millennium Deposit Bonds and the total semi-annual interest payment liabifity on each of these realizations?

Answer given by the minister


THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI BALASAHEB VIKHE PATIL):

(a) Total amount of US Dollars raised by selling/Issuing Resurgent fndia Bonds:


(Amount in US$)


(i) Individual NRIs 2,146,830,000.00

(ii) Partnerships 436,000.00

(iii) Overseas Corporate Bodies 229,981,000.00

(iv) Banks in fiduciary capacity 1,606,318,000.00

(v) Others 5,603,000.00

Total 3989,168,000.00

(b) Total realization by selling/issuing India Millennium Deposits: Amount in USS



(i) Individual NRIs 1,944,267,000.00

(ii) Overseas Corporate Bodies 472,506,000.00

(iii) Banks in fiduciary capacity 2,764,935,000.00

Total 5,181,708,000.00
Total amount of semi-annual interest payment liability (half-yearly):

Non-cumulative Amount in US$



(i) Resurgent India Bonds 57,066,776.52

(ii) India Millennium Deposits 104,240,622.67

Interest Liability on US$ Corpus Outstanding Cumulative
Amount in US$



(i) Resurgent India Bonds (as on 30.09.2001) 652,381,871.31

(ii) Indian Millennium Deposits (as on 30.09.2001) 243,766,761.44