Loans and Advances by the Central Government – Interest rates and other terms and conditions.

F.No.5(3) – B (PD)/2013 
Government of India 
Ministry of Finance 
Department of Economic Affairs

New Delhi, the 12^th November, 2013

OFFICE MEMORANDUM

Subject: Loans and Advances by the Central Government  – Interest rates and other terms and conditions.

   Reference this Ministry’s Office Memorandum F.No.5(3) – B (PD) 2012 dated 7^thJanuary, 2013 on the captioned subject.

   2. The lending rates prescribed in the aforesaid Office Memorandum have been reviewed. The revised rates of interest applicable from 1^st April, 2013 are given in the Table below:

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Expenditure Management – Economy Measures and Rationalization of Expenditure.

No.7(2)1E.Coord/2013
Ministry of Finance
Department of Expenditure

New Delhi, the 18th September, 2013

OFFICE MEMORANDUM

Sub: Expenditure Management – Economy Measures and Rationalization of Expenditure.

   Ministry of Finance, Department of Expenditure has been issuing austerity instructions from time to time with a view to containing non- developmental expenditure and releasing additional resources for priority schemes. The last set of instructions was issued on 31st May 2012, 1st November 2012 and 14th November 2012. Such measures are intended at promoting fiscal discipline, without restricting the operational efficiency of the Government. In the context of the current fiscal situation, there is a need to continue to rationalize expenditure and optimize available resources. With this objective, the following measures for fiscal prudence and economy will come into immediate effect:-

2.1 Cut in Non-Plan expenditure:
   For the year 2013-2014, every Ministry/Department shall effect a mandatory 10% cut in non-Plan expenditure excluding interest payment, repayment of debt, Defence capital, salaries, pension and the Finance Commission grants to the States. No re-appropriation of funds to augment the Non-Plan heads of expenditure on which cuts have been imposed, shall be allowed during the current fiscal year.

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