PUNJAB TO FLOAT RS. 500 CRORE
Chandigarh, September 19, 2008
The Punjab government in consultation with Reserve Bank of India(RBI)
today floated Rs. 500 crore loan to finance part of Capital Expenditure
of Plan Schemes and other development schemes under execution.
According to an official spokesman the State government today
notified the sale of Punjab Government Stock (Securities) of 10
year tenure for a aggregate amount of Rs. 500 crore (Nominal). The
spokesman said that consent of Central government has already been
obtained to the floatation of this loan.
The spokesman said that the government stock would be sold through
RBI Mumbai by auction that would be conducted by them in his Mumbai
office on September 25, 2008. The application form duly filled in
with the bids should be submitted to the RBI, Mumbai on September
25 by 12.30 P.M. Result of auction would be displayed on September
25 and successful bidders would make payment on September 26, 2008.
The spokesman added that this 10 year tenure loan would be repaid
at par on September 26, 2018. He said that interest will be paid
every half yearly on March 26 and September 26 and cut off yield
determined at the auction would be the coupon rate percent per annum
of the stock sold at the auction.
PUNJAB DGP URGES FORCE TO BE READY FOR FUTURE
Chandigarh, September 19, 2008
Punjab DGP Sh. N.P.S. Aulakh today asked Punjab Police to be prepared
for future challenges from international forces and take effective
precautionary measures accordingly.
Presiding over a high level meeting of the top brass of the State
Police to review the security scenario after recent Delhi blasts,
the DGP impressed upon the officers to strengthen the Intelligence
network and maintain proper liaison with Intelligence wings of other
states. Stressing on proactive approach rather reactive approach,
the DGP emphasized on the need of pre-empting the nefarious designs
before they could succeed in their ulterior motives. He further
emphasized that the police should seek cooperation from general
public so that they should readily provide vital information to
He asked the field officers to keep an eye on various persons of
suspicious background, even if they are in jails and their sympathizers.
It was also decided to check the interstate movement of such elements.
The DGP also urged the officers to step-up drive against narcotic
trade in collaboration with central agencies as it was felt that
this trade was very closely linked with the anti national activities.
He also instructed to make use of technology like installation of
CCTV Cameras on all important sensitive places and also in crowded
He directed to effectively check the flow of counterfeit currency
in the state and to find out its origin asked to investigate such
cases thoroughly as it was becoming a major challenge for the internal
security as well as the economy of the country.
The police chief also pointed out that the ever increasing list
of POs/Absconders and directed to launch a special one month campaign
to nab them besides initiating the process for getting their properties
SSPs and SDMs directed not to leave their head quarters
in view of heavy rain
Chandigarh September 19, 2008
The Punjab government has directed all the Deputy Commissioners,
Senior Superintendents of Police and Sub Divisional Magistrates
(SDMs ) to remain available at their respective head quarters in
view of the incessant rain in the state over the past 24 hours.
Disclosing this here today a spokesman of the Punjab Government
said that the State Chief Secretary had issued directions to these
concerned officers to keep a close tab on the situation due to wide
spread heavy down pour in the state. The officers/officials of the
drainage wing of irrigation department had also been asked to keep
strict vigil on the situation and gear up their machinery to face
any un for seen eventuality arising out of the prevailing situation,
the spokesman added.