Report of Indian Institute of Public Administration ... - Ministry of Power

Assam
Table: Financial Settlement at the Time of Restructuring
Particulars
8.13
2003
-04
2004
-05
2005
-06
2006
-07
(Rs crore)
2007
-08
2008
-09
1.FRP: Cross-Settlement
a. Non-cash settlement
b. Dues to CPSUs, post 30 September 2001 96 0 0 0 0 0
c. REC loans 0 20 20 20 20 34
d. Dues to MeSEB, WBSEB, GRIDCO 0 75 75 75 75 75
e. Receivables from municipal bodies 0 11 11 10 10 9
f. Defaulted LIC loans 0 45 0 0 0 0
g. Defaulted bonds 174 148 0 0 0 0
Sub-Total 270 299 106 105 105 118
2. Cash deficits
a. Current/future cash deficits 110 76 49 0 0 0
b. Past cash deficit (for 2002-03) 103 0 0 0 0 0
c. One time settlement of municipal dues 0 67 0 0 0 0
Sub-Total 213 9 49 0 0 0
Total 483 308 155 105 105 118
Sources of funds
Government of Assam 60 26 155 105 105 118
ADB Policy Loan 423 282 0 0 0 0
(Exchange rate US$1=Rs 47)
Total 483 308 155 105 105 118
Payments made by Government of Assam against FRP are given below:
Payments Made by State Government (Rs crore)
Particulars
2004-05
2005-06*
(partial figures)
Municipal dues 28.00 14.00
LIC 38.95 06.05
Defaulted bond 156.57 23.89
CPSU 95.00 01.00
Non-CPSU 50.00 106.39
Cash deficit 160.82 58.03
REC 38.60
Total 529.34 247.96
*In the year 2005-06 (Budget provision Rs 372.60 crore)
The State Government has taken over the unfunded liability relating to
employees’ terminal benefits amounting to Rs 2,169 crore determined through
actuarial analysis in December 2004.