Himachal govt to auction securities worth Rs1,000 crore
PTI
Shimla, Jul 26 (PTI) Reeling under an acute financial crunch, the Himachal Pradesh government has notified Government Stock (securities) of a 22-year tenure to raise Rs 1,000 crore, and the proceeds would be utilised for development programmes, officials said on Saturday.
The auction will be conducted by the Reserve Bank of India, at its Mumbai Office, on July 29, 2025.
Bids for the auction would be submitted in electronic format, on E-Kuber Core Banking Solution of the RBI, and the consent of the central government has been obtained for floating the loan as required by Article 293(3) of the Constitution.
As per the notification, the securities will be of 22-year tenure commencing on July 30, 2025, and the loan will be repaid at par on July 30, 2047, and the interest will be paid on a half-yearly basis on January 30 and July 30 every year.
The competitive bids will be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) system, while the non-competitive bids will also be submitted electronically on the E-Kuber system.
The result of the auction will be displayed by the RBI on its website on the same day, and the payment by successful bidders will be made on July 30, 2025, before the close of banking hours.
The state government had been procuring loans through the sale of government securities in the past, and such loans were procured in 2020, 2023, 2024 and now in 2025 also. PTI BPL BAL BAL
(This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments
First Published:
July 26, 2025, 21:45 IST
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
11 minutes ago
- India.com
Delhi Court Issues Notice To Robert Vadra In Money Laundering Case Filed By ED
Delhi's Rouse Avenue Court on Saturday issued a notice to Robert Vadra, husband of Congress leader Priyanka Gandhi Vadra, in connection with a money laundering complaint filed by the Enforcement Directorate (ED). The development comes after the Enforcement Directorate (ED) filed a new chargesheet on August 28. As part of the investigation, the ED has attached 43 immovable properties valued at Rs 37.64 crore, allegedly connected to Robert Vadra and his associated entities. Prosecution complaints have been filed against him and 10 others. The charge sheet, which pertains to an alleged illegal land deal in Shikohpur village, Gurugram, accuses Vadra and his company M/s Sky Light Hospitality Pvt. Ltd. of purchasing 3.53 acres of land through fraudulent means. The ED has already attached 43 properties allegedly linked to Vadra and his firm, worth a total of Rs 37.64 crore, as part of the ongoing investigation. The case dates back to a 2008 FIR filed by Gurugram Police, which alleged that Vadra's company purchased land from M/s Onkareshwar Properties Pvt. Ltd. for Rs 7.5 crore using a false declaration. Just a few years later, in September 2012, Sky Light Hospitality sold the same land to real estate giant DLF Ltd. for Rs 58 crore, raising serious questions about the nature and legality of the transaction. The controversy deepened when Ashok Khemka, then Director General of Land Consolidation and Land Records and Inspector-General of Registration in Haryana, cancelled the land mutation, declaring the transaction violative of state regulations. His actions at the time sparked a political firestorm and led to a prolonged legal and administrative scrutiny of land dealings involving political figures. Earlier on July 18, 2025, the Rouse Avenue Court had taken note of the ED's charge sheet and listed the matter for hearing. Presiding Special Judge Sushant Changotra had directed the court record keeper to verify all accompanying documents and provide a detailed report. The Enforcement Directorate is likely to press for further legal action in the hearing, potentially including the summoning of Vadra for questioning based on the charge sheet's findings. Opposition parties have accused the government of using investigative agencies for political purposes, while the ED maintains it is pursuing the case based on documentary evidence and financial trails.
Hans India
11 minutes ago
- Hans India
Collector rates to go up in Haryana, Congress slams govt
Chandigarh: The revised collector rates are set to be implemented in Haryana from next month for property registration, with opposition Congress claiming it will send land prices sky high. The revised rates, which have been uploaded as draft proposals on websites of various districts for public objections which can be filed by July 31, vary across the state and even within specific localities depending on various factors. Collector rate is a minimum value at which the property can be registered in the government records and the registration fee and stamp duty to be paid while buying a property is based on these rates. At several places, the revised rates, which are set to come into effect from August 1, are likely to align with the prevailing market values of properties at different places. A 77 per cent increase has been proposed for residential land which is located two acres off the National Highway in Gurugram village, from earlier 25,300 per square yards to Rs 45,000 per square yard. In Gurugram's Carterpuri, the hike proposed in residential property is 25 per cent while in DLF Colony Old, it has been proposed to be increased by 19 per cent. In Rohtak district, the collector rates have been proposed to be increased by five to 25 per cent in different parts and in Panchkula, for several residential sectors, a substantial increase has been proposed. A hike in collector rates for industrial zones at several places has also been proposed. The previous hike in collector rates was made in December. Congress leader and former chief minister Bhupinder Singh Hooda demanded 'withdrawal of the increase in the collector rate' and said that the decision will send the land rates sky high. Asked about his demand on sidelines of an event here by media persons, Chief Minister Nayab Singh Saini said that during Congress' time too, collector rates were increased.
Hans India
11 minutes ago
- Hans India
₹90 cr high-tech dairy plant nears completion in TN's Namakkal; set to revolutionise milk processing
Chennai: A Rs 90-crore high-technology dairy processing plant in Namakkal is nearing completion, with 80 per cent of construction work already finished, signalling a major leap forward for the region's dairy sector. Backed by the National Dairy Development Board (NDDB), the project is expected to begin trial operations in November 2025 and commence full-scale production by January 2026. Once operational, the plant will have the capacity to process 2 lakh litres of milk per day, making it one of the largest and most advanced dairy facilities in Tamil Nadu. The fully automated unit will handle every stage of milk processing — from chilling and pasteurisation to packaging and dispatch — ensuring efficiency and quality throughout the supply chain. Officials overseeing the project have confirmed that in addition to the civil construction nearing completion, 90 per cent of the machinery has already been procured, with 40 per cent installed on-site. Departments have been directed to expedite the remaining work to meet the timeline for trial and full operations. The plant is expected to directly benefit more than 15,000 dairy farmers in the district by streamlining milk procurement and ensuring timely payments. With faster handling and reduced spoilage, farmers will gain both in income and efficiency. The facility is also anticipated to create indirect employment for about 1,000 people in associated sectors like transportation, packaging, maintenance, and quality control. For consumers, the plant promises a more reliable supply of Aavin milk and dairy products. Around 4 lakh people in Namakkal and neighbouring areas are expected to benefit from reduced delivery delays and fewer shortages, especially during high-demand periods such as festivals. Authorities say the Namakkal plant is set to become a model for modern dairy infrastructure in Tamil Nadu. By combining cutting-edge technology with a focus on farmer welfare, the project aims to strengthen the state's milk supply chain while boosting rural livelihoods and employment.
