cbq=al;{) ~fdisq m-such as call money market, repo,cblo, gilt funds etc. matter beexpedited to get...

~-

1,1. e_ ft 'y •••.e'\J t~ ~~ ( d-; ,.JC7•• ~.-~~ •• ~~~~~~-.~ ~~S3~~

)

Cbq=al;{) ~fdiSQM- ~Jlo~EMPLOYEES' PROVIDENT FU·NDORGANISATION

NEW DELHI

79th Meeting of the- -

FINANCI; AND INVESTMENTCOMMlllEE

(Central Board of Trustees, Employees' Provident Fund)

on

3rd December, 2004 at 11.30 A.M.

VENUE: Conference Hall,3111 Floor,EPFO Headquarters,Bhavishya Nidhi Bhawan,14, Bhikaiji Cama PI~ce,New Delhi - 110066.

I

ooooooooooooC:C'C)(':

oc)r:C

7? rft-t 1'1!1f Ate c( t-- :z / /2/ :.(c.P ~

CONTENTS

Item I Description Page No.No. J

1. Confirmation of the Minutes of the 78th Meeting of - .9"I "the Finance and Investment Committee held on 29-6- 1

2004 at New Delhi respectively.

2. Statement showing the action taken on the(0 - /35recommendations of the committee.

3. Review of Investment in respect of Provident Fund,Pension Fund, EDLI Fund. Staff Provident Fund and t3b -I Lt2.Staff Pension-cum-Gratuity Fund.

4. Working of Special Reserve Fund (SRF) andproposed revised conditions for release of amount 1~3- rt.,sfrom SRF.

5. Portfolio management of EPF money-charges I~q - 152payable to S.B.!. for the year 2004-05.

6. Actuarial valuation of Staff Pension cum Gratuity 153 - 156Fund.

7. Review of guidelines in respect of Investment in 157- - J~'1State Government Guaranteed Securities.

8. Revised Estimates for 'the year 2004-05 and BudgetEstimates for the year 2005-06 for the Employees'Provident Fund Scheme, 1952, Employees' Pension /bO -Scheme, 1995 and the Employees' Deposit LinkedInsurance Scheme, 1976.

9. Any other item with the permission of the Chair.

0'ooooC('\

(;,

CCoccC'C:ocCClCC'CCC

Item No.1 Confirmation of the Minutes of the 78th Meetings of the Financeand Investment Committee held on 29-6-2004 at New Delhi.

Minutes of 78th meeting of Finance and Investment Committee were circulated vide letter

no.Invest.ll1(78th ) F.& I Meeting/0417683-7739 dated 21.07.04 . Copy of the minutes is

enclosed (Annexure-A).

The Committee may confirm the minutes ofthe 78th meeting held on 29.06.04.

~c000000cc'CC;CCJcC

DRAFT MINUTES'OF THE 78th MEETING OF THE FINANCEAND INVESTMENT (F8d) COMMITTEE,CENTRAL BOARD OFTRUSTEES. EMPLOYEES' PROVIDENT FUND HELD IN THECONFERENCE ROOM, EPFO, HEAD OFFICE, NEW DELHI AT

11.00 A.M.ON29.06.2004

The 78th meeting of the Finance and Investment Committee,Central Board of Trustees, Employees' Provident Fund was held on29th June, 2004 in the Conference Room, EPFO Head Office, NewDelhi at 11.00 a.m. The meeting was chaired by Smt. Rama Murali,]5& FA (labour), :Government of India.

The following were presents

(a) Members of the FaI Committee

(';

CiC!C'L

Shri D.S.Poonia, Joint Secretary (55), MoL, MemberShri J.P. Chowdhary, MemberShri Ram Tameja, MemberShrj A. Venkatram, MemberShrr Anirudh Rai, FA & CAO, Convenor

(b)Spec.ial Invitee:s .

Shri Ajai Singh, CPFCSl:1rj A Vishwanathan, Addl CPfC{pensionl, EPFO(HQ)Dr Ajay Shan, Consultant, MintstryofFinance.ShriShashankSaxena,Joint Director,Ministry of FinanceShri C.M.Pilla;, DGM, S8! CorporateOffice,MumbaiShri Shankar Menon, DGM, 556, S6IAt the outset, the Chairman welcomed the members and

special invitees to the meeting.

Item No.1: Confirmation of the· Minutes' of the 77th Meeting ofthe finance. and Investment Committee held on05.04.2004 and 19.04'.2004 at New Delhi.

The committee confirmed the minutes of the rrn Meeting ofthe Finance and Investment Committeeheld on 19.04.2004.

Item No.2: St;atement showing the action taken on therecommendations of the oommittee.

2( 1) Outstanding interest and maturity proceeds\ .

2..

• It was explained that no interest is payable on IdleFunds lying in current accounts as per rules andregulations of RBI. Committee decided that . SB! beadvised to compensate CBT, EPF with what SBI isotherwise earning on short term parktng of idte funds ofCBT, EPF. Delay of more than 5 days for wbich funds ofCBT( EPF'are lying idle and uninvested by SBI is not tobe tolerated under any circumstance.

\ ..

CCCCCC(

cccc.ccccrcc(

cc(

c(

cC

l

C

L

C

l

l

l

The members showed concern over. the rising number ofdefaulters especiafIy in the PSU/PSFI category. In case of defaultsregarding securities guaranteed by State ICentral Government,matter be taken up with concerned governments to invoke the.guarantee and wherever required, matter may be referred to theCommittee on Disputes, Cabinet Secretariat as has been done in thecase of HMT Ltd to save time and huge expenditure on litigationproceedings in a civil court for recovery of outstanding interest andmaturity proceeds due to EPFO.

2(2) Extract of Concurrent Audit Reports furnished by State Bankof India

The committee noted the contents.

2( 3) Idle funds

• Amount of idle funds of CBT EPFwhich are not earningany returns for EPFO,be minimized as fat as possible byexploring various avenues for short tenn partdng of fundssuch as Call Money Market, REPO,CBlO, Gilt funds etc.Matter be expedited to get permission within one monthfrom RBI for allowing EPFO as lender in call moneymarket/Repo. SB! be directed to vigorously pursue thematter regardrng short term. parking of funds of CST,EPfin CBlOIREPOand if need be , help of Ministry of labourmay be taken in the matter.

• SB! should suggest ways to minimize tdte funds andprovide to the committee members data regarding shortterm parking of funds in various instruments i.e. CBlO,Repo and Money Market Mutual Funds over a 2-dayhorizon to enable the members to decide as to whatwoutd he the best course of action far EPfO.

3

()

rc:(\

c:cccccc('

c-cc('

(

(

CC

2 (4) Actuarial Valuation of staff pension cum gratuity fund:

Requisite data be given' within a month to Shrt BhudevChatterjee, the Actuary appointed for Actuarial Valuation of EPFOStaff Pension cum Gratuity fund so as to complete the task at theearliest.

2(5) Restructuring of the 'debts payable by IFCI.

• IFCI is likely to be merged in PN-B. If agreement _to,restructure the debts is not formalized before the merger,PNB may repay the entire debts and CBT,EPFwill have toreinvest the proceeds at the current market rates which aremuch less thao 9.25% agreed to by IFCI.

• Just for the cut off date for the purpose of- overdue interest,entire deal need not be kept pending.

• In accordance with the negotiations by the sub-committee ofCBr with IFCI held on 23~02~2004,IFCI haspald Rs.92.04crores within 15 days of -the formal cernrnuarcatten of thedecision and requested for ,waiver of ov~rdue interestaltogether. The' interpretation issue regarding waiver ofinterest on interest for cceJayedperiodfromtheirestructurifl'gdate i.e. 01.04.2003 or from the initial default (November,2001) should not cause further ia~~ay.sJntpe restructuring' ofdebts.

2(6) Screen based trading of Governm~nt SecuritieS/Bonds atNational Stock Exchange '

A separate item on the subject (itemno 6) was put up before.the F&I Committee.

2(7) Review of Investment Pattern and guidelines.

The Committee noted the, contents.

2(8) Study regardrrrgfund ftows.


2( 9) Appointment of portfolio auditors for the year 2003-2004.

_The committee noted the contents.

2(10) Portfolio management charges payable to S81 for the year2003-2004.

•

The committee noted the contents. SBI be asked again notto levy bank charges on short term parking of funds in FDRs,CBLO and REPO i.e. to treat these instruments at par withTreasury Bins. DGM, State eank of India explained that matteris under consideration of senior management of SBI and itsresponse will be communicated soon.

crrcccccccccccCcCCCCC(

c(

l

lC

L

l

L\.

l\.

2(11) Study regarding Investment Management.

Keeping in view the .liberalisation of economy,disinvestments of PSUs,soft Tn-:-terest-rate-regirTl-e~-Tack-o(investment avenues, increasing defaults, inflexibleinvestment pattern and Jackof active manaqernent of fundsimmediateemphastsis required for improvement within theextant pattern of investment and for estabtishing the roadmap for investment with radical changes in the investmentpattern. For suggesting methods for getting best possibleyield, minimizing the risk, establishing the bench marks forinvestment management, design of portfolio structures,exposure norms, internal controls and governancestructures, the committee recommended to appointinvestment consultant. This needs priority in view ofmagnitude of investments.

2( 12) Dues recoverablefromM/s.flMlT Ltd.

• HMT Ltd. de~uftedsince 1999i(1 repayment of outstandinginterest and principal on 16% HMT bonds, face value Rs.2Scrores, After protracted correspondence and lltrqation foryears together Committee on Dlsputes, Cabinet Secretariatvide its order dated 04.03.2004 resolved the dispute anddirected HMT Ltd. to repay the dues amounting to Rs.61.66crores (as on 31.03.2004) subject to approval of Boards ofEPFOandl1MT Ltd. ~Dues are to be repaid by HMT Ltd. bydisposal ofitslend. Orders of Committee on Disputes are tobe executed within. a time frame of 6 months i.e. before03.09.2004. Disposal of immovable properties aftervaluation of the same by an independent agency Is yet tostart and it is a time consuming process. It wiIJ beadvantageous for the CBT to recover the dues from HMT atthe earliest.

The Chairman Central Board of J:rustees, Employees'Provident Fund be requested to permit for taking upthe items ,.ateclwith restructuring of debts of IFCI,Study regarding Investment Management and duesrecoverable from HMT Ltd. in its meeting scheduledfor 30.06.2004.

5

coo()

('

ccC·CCCCCCCc:CC

Item No.3: Reviewal Investment in respect of ProvidentFund/Pension Fund and EDLI Fund.


Item No.4 : Portfolio management of EPF money chargespayable to S8I for the year 2004-05

5BI has not ,given favorable response to not to levybank charges on TORs, Repo and CBLOfor the year 2003-04,the matter be deferred for the time being.

Item No.S: Permissionto ExemptedProv;<ientfunds for openingof Demat AcColll1twith Stock Hol~ing Corporation -SCHIL

The comrrntteeepproved the item, and recommendedthat Central GOvernment be requested to permit StockHolding Corporation of India Ltd. under revised conditionsNo.18 (C) for grant of exemption (Perra 27 AA of EPFScheme) for 'opening of DEMATaccounts of P.F. Trusts ofexempted establlshments.. Further it w~,also suggested inthe meeting that audttors of the ExerllJ~tedTrusts should beasked to give a certif;~at~thatTruslshave securities in De-rnatform wherever it is possible to De-mat the securities.

Item No.6.:. Screen Based Trac;ling- NSE"'----- '-' ..... -. ;

c DO'M S8! informecr that SEBI' is at present grantingpermission for trading of . derivatives and not for governmentsecurities. Banks are not using' the NSE platform for sale andpurchase of government securities . He also informed thatWDM segment of the NSE is basically an information moduleand actual screen based trading takes place only in the ROMsegment.

Committee was informed that the qebt market in Indiais dominated by a very small number of large players and nomajor player has shifted to the anonymous order driven tradingin the RDM segment. With no major player who can trade inthe volumes matching EPPOs'requirements, onlv EPFOshiftingto the RDM segment shall create problems. Even ordermatching may not take place as the average order size of.trades was less than RS.3.2S lakhs. Trading in NSEcan eitherbe done through brokers or by taking membership. At presentbrokerage payments are not permissible as per investmentguidelines approved by CBT.

• Dr Ajay Shah highlighted the following advantages of tradingon the NSE'sRDMsegment viz.

6

1.2.

10b% transparencyGetting the lowest price on purchases made using NSEscreen.

3. Counter party is known to other prospective sellers whomay offer a better price.

He emphasized the need for making it mandatory for allexempted trusts to adopt the practice of screen based tradingof government securities on the NSE.

CPFClauded Dr Shah's argument and said that adoptionof screen based trading of securities on the NSEcould be madeas one of the criteria for grant of exemption to establishmentsdesirIng exemption under EPFScheme.

The committee decided to experiment with trading onthe NSE by_starting with small purchases limited up toRs 10.00 crores wfthout making. payment of anybrokerage.

Item No.7: Amendment in Para 60 ofEPF Scheme,19S2 toavoid harassment to EPF--Members in case ofnon decfarationof rate of interest in time.

The committee approved the P,.oposecJamendment to Para 6-0 of the EPFS£/Jeme 1952 andrecommended ~hat ftem be placed before the CentralBoard of Tr"stee,EPF.

Item No.8: Declaration of Rate of Interest for the year2004-2005 for crediting interest in theaccounts ofPFmembers.

(

(

cc('

c('

c('

Cccc(

Cc(

C(

(

(

<-

l(

CThe Committee deliberated the issue in detail and it l-

emerged as under:l

• Shri A. Venkatram circulated letter-dated 26.06.2004according to which interest Suspense Account showingbalance of Rs.8313.12 crores (as on 31.03.2003) itself is ina position to absorb 12% rate of interest and there shouldbe no difficulty for recommending the 12Pfointerest rate.

• Balance of Rs. 8313.12 crores , reflected in the interestsuspense account In the Balance sheet as on 31.03.2003 isnot surplus as envisaged. Of this amount, Rs. 5953.01crores relates to the earnings on Provident Fund receivedduring the year and are to be credited to the member's

LL

l

L

l(

cc -ooo

accountsInthe next year while issuing, theannuaJ accountsslips to the members. Out of the remaining Rs.2360.11crores, interest is yet to be credited up to 31.03.2003 tothe accounts of more than 1.20 crores members which areto be posted .

o · Ideally, interest suspense account should have been zero atthe end of each financial year after taking into account theinterest at the declared rate and balance amount if any,should have. been transferred to the surplus account.Since, EPFO follows single entry system of accounting,distinct amount of penaJ damages, surplus andundistributed reserves is not available. Interest suspenseaccount cannot be treated as a surplus available fordistribution amongst the members.

ocoocccccccccc

• Distribution of interest out of capital can not be resorted to .Decision be arrived at on the basis of financial prudence.Provident Fund dues received from one person cannot bemade another persons earnings in the form of interest.

Aller considering the interest rate scenario in the economy,projected income and liabilities, the Committee recommended thatthe provident Fund can sustain inbYestpayments @ 8% For theyear -2004-05 provided SOSdeposits continue to fetch interest atthe rate of 8%.

Item No.9: Portfolio Audit Report for the year 2002-03.

The matter was deferred for discussionsin the next F&I committee

meeting.

Item No.l0: Working of Special Reserve Fund and proposedrevised conditions for release of amount fromSRF.

The matter was deferred for discussionsin the next F&I committee

meeting.

Item No.ll: Default in payment of outstanding interest due onbelated maturity proceedsof investments of funds ofCBT,EPFin PSIDC Bonds

• Generally defaulters are not making payment of overdueinterest i.e. interest on interest for the befated period orinterest on belated maturity proceeds. Even IFCI has againrequested for waiver of overdue interest.

8

-• Committee decided that the Portfolio Manager be

advised to accept the proposals of PSIDC dated19.04.2004 and recover delayed pel:iod interest @8.5% p.a.

c(

r:.(

Cc(

c(

(

c(

cccrCc(

(

Cl(

C(

(

CcC

l

l

L<.

M~etingended with vote of thanks to the Chair.

I\..

o Item No.2: Statement showingthe action taken on the recommendations of the

ooo('1

cccccccc

Committee.

r"<,

r,

SI. . RecommendationsNo1. Outstanding interest and

maturity proceeds.

2. Extract of Concurrent AuditReports furnished by State Bankof India

Action Taken

The State Bank of India have been advised toensure prompt collection of receivables, if requiredby taking appropriate legal action vide letter no.Inv.l/Action TakenlF&1/02 dated 12-9- 2003.Details of the outstanding interest and maturityproceeds up to 30-09-2004 are placed as Annexure'B'List of cases from June 2004 to September 2004 inwhich interest and maturity proceeds were receivedbelatedly is enclosed as Annexure C. SBI has beenadvised to take up the matter with Issuers forclaiming over due interest and to furnish up to datedetails of outstanding interest and maturityproceeds. Interest may also be received belatedlyon account of postal delay in receipt of cheque,clearing time, particularly for outstation cheque,acceptance of securities belated transfer In thename ofCBTIEPF.

SBI has been further advised that In case ofdefaults regarding securities guaranteed by Statei/Central Government, matter be taken up withconcerned governments to invoke the guarantee andwherever required, matter may be referred to theCommittee on Disputes, Cabinet Secretariat as hasbeen done in the case of HMT Ltd to save time andhuge expenditure on litigation proceedings In acivil court for recovery of outstanding interest andmaturity proceeds due to EPFO.

The SBI has furnished the relevant extracts ofconcurrent audit report for the period, Novemberand December 2003 & from April, 2004 to August2004 (Annexure D). SBI has been advised videletter dated 16-11-2004 to furnish the ConcurrentAudit Reports for Sept and' October 2004.

3 Idle fundsIn accordance with the minutes The requisite details In the form of fortnightlyof the meeting the reports of idle funds for the period from 16-06-representatives of the Central 2004 to 31-10-2004 are placed as Annexure' E'. InBoard of Trustees, EPF and SBI no case delay of more than five days occurred forIn Mumbai on 30.5.2001 a which funds of EPF-CBT were lying idle andsigned fortnightly report in uninvested by SBI.respect of Idle Funds will befurnished in the agreed format

10

ooooooooccccccccC·c

Action Taken81.No

Recommendations

by the SBI and the same wouldbe placed before the Finance &Investment Committee.

Further SBI should explore the SBI took up the matter: regarding parking of fundspossibility of getting .the m RBI Repo and call money. SBI was furtherapproval from RBI to permit advised to take permission from RBI as lender inCentral Board of Trustees, Call & Money market also but RBI did not acceptEmployees' Provident Fund as the same. Ministry of Labour, Government oflender in Inter bank Call money India has .been requested to take up the mattermarket for overnight parking of through Ministry of Finance for getting aforesaidfunds to minimizethe Idle Funds permission from RBI.amount.

It was explained that no interest SBI was advised on 16.08.2004 and 01.10.2004 tois payable on Idle Funds lying in send a detailed compensation package but thecurrent accounts.as per rules and same is awaited.regulations of RBI. Committeedecided that SBI be advised tocompensate CBT, EPF withwhat SBI is otherwise earning onshort term parking of idle fundsof CBT, EPF. Delay of morethan 5 days for which funds ofCBT, EPF are lying idle anduninvested by SBI is not to betolerated under any -circumstance.

SBI should suggest ways to SBI reported that such data may convey totallyminimize idle funds and provide different inferences over different time periodsto the committee members data reflected. As the mark.et has altered substantiallyregarding short term parking of over the past two months, with 10 years G-Secfunds in various instruments i.e.. benchmark yield fluctuating between 6.25% toCBLO, Repo and Money Market 6.75% since June/July, 2004. Hence any study mayMutual Funds over a 2-day have applicability once there IS a degree ofhorizon to enable the members to stability. Regarding Money Market Mutual Funds,decide as to what would be the as mutual fund investments are presently permittedbest course of action for EPFO. only in gilt based schemes, the norms are required

to be amended to enable such investments.4. Actuarial Valuation of Staff A separate item is being placed.

Pension cum Gratuity Fund.

5. Restructuring of debts payable SBI and !FCI were asked vide letter No.by !FCI amounting Rs.lOO6.85 Invest.I12(16)IFCII200IN01.1124281-82 datedcrores was approved by Central 11.10.2004 to take requisite actions on all theBoard of Trustees, Employees' points for executing the decision of CBT,EPFProvident Fund in its 169th (Copy enclosed as Annexure-F). SBI has reportedmeeting held on 30.06.2004.' that the restructured bonds in DEMAT form are

likely to be received in a, fortnight. SBI in its

,I

oooooocccccocCCi

C

CCCC

C(

CCC

8. The committee approved the As recommended the item was placed before theproposed amendment to Para 60 CBTIEPF in its 168th meeting, the item wasof the EPF Scheme 1952 and deferred. However the item is being placed beforerecommended that item be placed the 170th meeting scheduled to be held onbefore the Central Board of 06.12.04.Trustee. EPF.

9. Declaration of rate of interest for Matter has been taken up with the Government ofthe year 2002-03,2003-04 and India vigorously. The decision of CBT, EPF for2004-05. declaration of rate of interest for the year 2004-05

is enclosed (Annexure-H). The Hon'ble Chairman ~Central Board of Trustees, Employees' ProvidentFund desired that the Finance & InvestmentCommittee might see annual accounts of the EPFOfor the year 2003-04.. It is not out of place tomention that annual accounts are placed before theExecutive Committee of CBT, EPF after audit byC&AG. The accounts have been audited but thereport IS awaited from C&AG. However, un-audited annual accounts are placed as Annexure-I.In 169th meeting of the CBT-EPF, the ChairmanCBT also desired that the Finance and InvestmentCommittee should look into the agenda item forrecommendation of rate of interest for the year

(

L

Sl.No

6.

7.

Action TakenRecommendations

capacity as portfolio Manager of funds of CBT,EPF has been advised to recover dues from IFCr inaccordance with terms and conditions decided bycommittee and to complete all requisite formalities.

Screen based trading of SBr has been advised to do the needful as per theGovernment SecuritiesIBonds at decision taken by the Finance and InvestmentNational Stock Exchange Committee in its meeting dated 29.06.04. SBIScreen Based Trading-NSE. The expressed its inability to proceed further in thecommittee decided to matter, in the absence of approval by RBI forexperiment with trading on the obtaining the membership of NSE. However, RBINSE by starting' with small itself has initiated screen based trading in respect ofpurchases limited up to Rs 10.00 wholesale debt segment and not retail as in the caseCrores without making payment ~SE. Comparative features of anonymous orderof any brokerage. driven screen based trading systems of RBI viz.

NDS and that of NSE are enclosed as (Annexure-G).

Review of Investment, and guidelines.

Pattern Central Board of Trustees, Employees' ProvidentFund in its meeting held on 23.02.2004 approvedthe changes in the Investment Pattern andguidelines as recommended by Finance andInvestment Committee. Accordingly matter hasbeen taken up withGovt. of India, Ministry ofLabour vide letter No.Invest.I11(18)196/Pattern/Vol.VIIlI451 dated 16-6-2004 and 16.11;04.

\2

oooo(")

ooocoocccc('

cc

Sl.No

Recommendations Action Taken

10.

11.

Portfolio management charges In respect of TDRs transactions no charge ispayable to SBI for the year being levied by SBI. CBLO and Repo transactions2003-2004. The committee have not been undertaken so for.decided that no charges be paidto SBI on TDRs, CBLO andRepo as these instruments are tobe utilized as short term parkingof funds.

2004-05 and find out the scope. for increasing theincome during the current year so as to enableCBT-EPF to reassess the interest Income andinterest payment liability before recommending thefinal rate of interest for 2004-05 in the last quarterof the year. The item is accordingly placed asAnnexure 11. The Hon'ble Chairman, furtherdesired vide order dated 26.10.2004 for makingpayment of interest for the year 2004-05 at theinterim rate of 8.5% to its outgoing subscriberswhose claims are being settled during the FinancialYear 2004-05. These orders were executed byissuance of Circular dated 28.10.2004 Copyenclosed as Annexure-J).

SUldy regardingManagement.

Investment Matter is being placed before the CBT scheduledfor 06.12.2004 for getting financialsanction.

c 12. Dues recoverable from MIs.HMTLtd.

MIs. HMT Ltd. was advised to take actions inaccordance with the decisions of High PowerCommittee on Disputes (COD) vide letters dated04.03.04 and 01.10.04. The response of HMTvide its letter dated 07-10-2004 is enclosed asAnnexure 'K'.

B. Acceptance of the proposal ofPSIDC dated 19.04.2004 andrecovery of delayed periodinterest@ 8.5% p.a.

SBI has intimated vide its letter dated 13.09.2004that Rs.94,66,439/- has been paid by PSIDC. SBIhas been advised to recover the balance amount ifany, after reconciliationof accounts with PSIDC.

13

( J f~,1 () r") r) 0000t:J"" .>:~~~'~-6: ~ (~,6"t'C"'.(\"-~p/) ~~~ r::_1-

'U v 6 c:J..".,5 ~!:,r- "-~" ,~C)~~ \A\J~ V'S,~ 't,.-~.';:\4. 2>t.,.;. "kj 11~ ,~ ,

__ ~~""::--;;-'-=" ',;~ ~ ....l\~O'"'SecurjtyC~de ~."u_ ..._,, - ,

, ,,/tI~ ., ,~

Maturity Ot Payment Date Redemption Amount

000000'0'0000

~

. ' SIa:g' ,. k oflDdia.:r \....J\I" fJ-NN liY 0" /)" ~, ~~illi S,'" . .~, h.~ _ ' r- Mi!m1i<lt to .·iIndI~dg, " Mumbai Samachar Mirg,Fort.tI~mo2:

~

Tel No: 22665800, 22661765.2261,,1287, ~225,-5!l;3!1\~ ,Page Nio:t/~\:; \.i5/ Cif... ~ 0jfil..; 01-OCT-04

Remarks

Redemption Amount not Received

HMT 'HfNDUSTAN MACHINES & TOOLS

v-820004 16.00% H MT 1999

820061 16% HMT2003

IFeI INDUSTRIAL RN. CORP. OF INDIA

300018 16%IFCI 2002 XII 97

~

300004 12.50% IFel 2oo2)IN

300077 12.50% IFel 2002 RIB 97-(18

; 300045 14.90% IFel 2003 RIB XXI

300007 14.75% IFel 2003 RI XXI'i

300008 15% IFel2003 RI XXI--J 300073 13.40% IFel2003 X>NII

300064 16.00% IFel2003 XI

300046 14% IFel 2004 X>NI

300050 12.75% IFq 2004 X>NIII

-:::::.

01107f1999 01107/1999 250.000,000.00 /

31/1012003 3111012003 100.000.00./

Total Redemption Amount: 250,100,000.00-----...1510212002 1SJOmOO2 501,200,000.00.3010912002 30l09l2002 -528.500,000.00

3011112002 3011112002 600,000.00

2510312003 25l03l2003 250,000.000.00

2510312003 2510312003 300,000,000.00

2510312003 2510312003 50,000,000.00

3110312003 3110312003 200,000.00

3011112003.

01112/2003 300,000.00

Of/03l'2O()¢" (1f~;- ~.ao.{

0710612004 071()612004 140,500,000.00Total Redemption Amount: " .971.300.000.00

t~

W•...~~4~ ,~~,,+k~~~~ "" •• -t>t <¥r~ «I- fi"'; T<>, ~,

~ ',lIP ~~J~ "'" ~ ~1f ~~ or.,s: '')..004, No\fl~ ~J.VA. fI\24M~"

"'-& ~~ "'t~'1"~. -RfF<:" ~ •~ ~ ~ t/'='~;.J ~ ~--'~ ~~.".tH-. J1I11T ~~ 'rr~..,.. J.c" •..•• -: .

V /

~"";;"1"" >v- .......,."'"~"'"'w·~~=",~f Sf<.S: 'eP~ __~~.~ "'" "-'"".,.~ \S~"i.-~ ~. ..----.-~~ f'V\creI.A- ~'tA NV-~ ~

, w-J-....' ~ ~.,.~., ~.p.h~~y.....,..."t:t.o . .f-rr ~4W)~ 1"=«.....r~·A~n·~~~"'~"""~,~.3.,i():H.llsf- c:I\o'\ "lo'~W ~~1-

p~a} ~~-1 ~O" ~fVtrlJ ~ ~~ ~,,., "'11 '3 ••.., .~.

'. / -:V .r'

<:!'>y ••

For Internal Use Only

-'\:~ ,- ;:.-,

Sta~,lndia

~

J

-;-.' •..I''O'~ ,,J

..~-<-.

r) r> ( 1 I) r') ') ,1"') 0 ') 0 0 08 C)') 0 OJ iJ () 0

Outstanding Maturities StatementAs on Oat!! : 30.Sep-2004

Stare Bcnk of India,Se.;-u:;~es Services Branch. r.

Mu:noai Main I!ranch b'd()~MU11103: S3.,..·".:11a, Ma' •. Fort. ~fur:tbai.40002:'Y I

Te' No: 22-::55S~J, Z2€oliE5.225112S;.22658435

Page NO : 21-::Dale: 01~OCT -04

Security Code Security Descriptioni.

Maturity Ot

,<'Part·Re~emptlon not Recef!edHCl.. HIND'fJSTAN COPPER LTD. WB

14% WB HINOU COP LT 2007821093

TIDe TANILNADU INDUST. DEV. CORP.

821043 13.40 TNTIDeD 2006

.''1

I

I

..-"'~.'~". ' .•':.' .$j..S"tl';.j' ,.'. --'~ ~."'_"._.w. __•· .•

to

Payment Date RedemptionAmount

1510912004 1510912004 15.625.000.00

Total RedemptionAmount: ~5 ~25.000.0~

30/0912004 30/0912004 33.000,000.00

Total RedemptionAmount: ':·3.:··:1000-0)

/5

~ GL- h6..~ '><1\,),..y~~ O"-'Y' Cry.rro.k.

(~,(-r ~c..0~ of- /:.o'n.tirtou.¥.s~y-~a",J,. SI.J.'r~~of d(.~~u~.f,N 'IY"'~:~Y~~r-tiC1Y\· W'- ~ •..<.. ~&o~ Oo(p h-t ~{I.:..--w\~ Cu-rp«y~ '~.t.<. ...SCL~':5 ~ ~'I....t-!.

~veJ (;vA&, wJJ,.I;<...\...r.o r""

E.'?f=o P>1~I..V\h...V) DHO,~Cl04 ,/'

~

e•

"."; ... ""

-r'(

( , r > r ~n .'1 ') .1') t) n r) '~J '} J "') C) OJ I:) J ':)

~r Outstanding Maturities StatementSlale Bank of India.

Securities Services Sranc.n.Mumbai Main Branch b.ldg

Mumbai 5amachar Marg,For1, Murnbai-lOC..zJ2:Tel No: 226:':.500, 22661765,22511287,221358435

Page No: 3/::

Security CodeI .

'"

~,-;(.'As 9n Date: 30-5ep-2004

Security Description Maturity Ot Redemption AmountPayment Date

7,

Short RedemPtion Not Reeeived '(.IFeI IND<N'RJAL FIN.CORP.OF INDIA

,.-" ..'" .jJ.; I,.'

'.);1.1:7>;+;"e,;--n,.'."'t r-. :.I.",

300003 16.25% IFCI2Q03 FAMILY 80S 0610912003 0610912003 3.900.000.00

Total Redemption Amount 3,900,000.00

16

'~'--,-""'--'-.~~-"-------'"-'-"-"

'.i'~~Jt~;

----.-----.~

~\<a:se 'f'{~ +> C"'-'T' CQ""'I"\.(""-ts

O((~!~ ~~y-,1.3 /

'"\..

.,.,. ..,."."

..

~.

c-

co('

ooc:c. ri<.sQT: - f.:t~ -I Q 1/2/9 9 !9" if)tof /{{T1lr-;:::q

C: ~qT ~

qi~UTrt ~q(i;Q f1ft.} \~JlU~. • Q ~~~ iH-.-~rt~ iI

'1f~Q T-=ifq ~~ 14 at)4)lvfr qlfliT ~~

~j-~~~~~~~~~

cccccc:C'

CCCCCL

?feTQiIi~eT ~fi1 ~tb

F~c ~ Jrrq; I~I9"fO!!'fotlf'ffcrr rrrsrA~8"rt J:)~ A~~~ ~ijQ rrrsr fqf~~J}~~61·~(fJqTtlT( ~T~ .~~~-4()023

(

'-

~. . O~ -:- ...;:. • .::rck~- ~C~~\~qT \'tW t'RHfT ---------------------- 1t:~TCji -----. ---

\, (f~C>j -;::q ~ -Rqn-[Jt..-q ~fq .<Ift ef.:I·iji ~q(uft er JiCWItifi4 If>t I 34fl t~Qfwrt/Tqcf("firrnf q;t vrN <p~ q'"( "Q~ CJTlIT 7J[JT fep \'icJT.{ fqQ(U1i ~ JFHIT(t..[JTUi iflj, ~rrm Gf ~ ~O ET tel ~ I ij*i rrfh!fTlJO et fEtE I jjfq- ~ Jj~rrq e fq,~T~~ q,t ~~ Jl1"'( §f.=Ir-fqo 'If)~1~~;:il:f-.:rrTtIT t.lt~ ~qTtt ~~~Q f~fq .1i t:rai ~.e-q ISlITUi q;t rrn-T qr~~ -QTR!- ~tff iNftlTtt ~q~rj RfLl qi fi~fQo ~~ ~ ~Tq{t VIm etdt .~I~TVf ~ 5fTCll ~4 ~. Gf ~ JiTI1'/iPll JtTl:f :t; C:Tfv-sq)cs.:UT\i! ymM ict(=c~q,,' rrfrrafeo ~T q;fcWiCfit CQqft.ff qr~I -

l1T4i), I:ft :rTtQ qiTt~ JlItf~ e I, '-";. ."

11

\ .\'-

18

hl!itULS OFDELAyro RECEIPTIlf.SS J.~ECEIPTOF

June-20Q4

"', -~,- _.;--, i'artlcu;ar---·· "bU.Qn Reed. On . Face . In;eresCNo: of• Value· : days

...... ..- , .Delay .- .. 1.6.04 8.1.;.04 50,000: ~83.50 I 7 '-.

: I I.- - ~QNP?':~.9..Q.~_;_ -. .,.... . .. L .....•.- i _...,.-.i._.~.__.~11.50 TN SEB.2010 i 10.6.04 . 24.6.04 i 8,400 ," o.,~ ; ..

•..,.'.

•

,.

- ~ ..~- ._-

>.H6~»: )C,-Cl-.J~

Cf>~ijTtt ~tl -Ril:ili~. • A SGll '~Ir Q ~'.~

~cfti;"Q f·rm IfCH 14 Jf)"i1iTut't ifiT~T ~n~j_fc:M'tl~~ 00~~

(~,------r:

.~ ;\o •0.1

C'c:'/r-, .

~(S[n : - f;{~ - t A1/2/<) 9;9"ifto-f /Rnrr-=q /1 j>..J7 /~kJT li

-m~iiji;-t1 0 AUGZ004

ccccC'Cc:(.

CC(

Ci6TQifj~T JrilPQ"tfi

"!~ ~ Jffq\ 1~1I1~f~ftlTf' lIcrr t 11ti1Asatt Jr~~~'HI~ .~q tTT$" ~~~~ CPlTt:IT"(' ifli ... .', .

~~~c!_L~;'" 23•• ~ '"'Y\JO

J.iEn:q~

. o s: 1/ . .' ~-~oc>4~qr ~ 'fffitlT .L'- --=-_--_ -n:;:7fT(f) _~JL_. -'--'\ {J~r.,~ ~ -R~qt711 -mfq qft a-RCfi fQq("ofi iPT 3fQi'ItifRif)t I a-Iffi f4cH"U-y'tjfQq~fu IQr 'fit vrr.a Q>~ qc llE lJT~'· b"jQTT¢ rirlr.t fqQ~ ~ JAm-"(~ru; qr,-. ...ITm G-"( a ~{l ''Er nf"t "~1~(I fh ~. et "(~'t~ ',.JiN ~ JG"ITf.1 E fq,llT~~ iflt~& Jft'f~:rTi:lO 'ifi~I~~'tq ~Tfftfilt~~qTtt qfq~q f;:tfQ ·ili tr.~·

. ~q .~TUf q)t rnrrr ili~ll~Tift iSi.tf quftlrtt ~tI f.:Ifq ilia~ftrc11i1i ~ ~rijl<t vfRt EtrtT ~ F~JuI~ rrh::ft. ~lr :; G"("~ JfTlT.~ JITQ ~'c:rfirsifi 6:qf\iJ7'-, . _ ~mM &ict~c~ ''1»'1rrfrr m ft umr ifJ"(qR cjt 15qQ'rtrr iff I ,

~TJ:{~ Q"'fmfl q;T'f~ wf~ €,..rl.

V./

.0~.,.

~ tlap~'

_ISSUED

I~

IIIII

......J

"

i!

.',

Account No.05

DETAILS Of DELAYED RECEIPT ILESS RECEIPT OF INTERST

JULY-20Q4

cate Code Rate Particular Due on Reed. On Face Interest No. of Remarksgory % Value days

~ Delay~STG 510055 13.00 TNSE8 21-6-04 5-7-04 1,00,000 6,500 14 'i Delayed

2007 , RetelptSTG 581018 12.20 HP RIOC 1-7-04 6-7-04 10,00,00,000 61,00,000 5 ,,/ Delayed

2008 ReceiptSTG 58H>14 13.50 HNGNIOC 30-6-04 8-7-04 5,00,'<>00 33,750 8 j Defayed

RRB 11 Receip~

/STG 581024 1-0.50 MH KBJNL 30-6-04 13-7-04 7,00,000 36,549 13 ( Delayed

2006 /Receipt

,STG 581024 10.50 MH KBJNL 30-6-04 13-7-04 20,00,000 1,04,42~ 13 ( Delayed2006 - ./

ReceiptSTG 360048 11.50 CG lOBI 9-7-04 16-7-04 85,00b 4,887.50 7 ( Delayed

2010 1'/ ReceiptSTG 581025 13.75 APINFOC 30-6-04 22-7-04 10,00,000 68,374 22 ( Delayed

2006· / ReceiptSTG 360045 11.50 CG lOBI 17-7-04 29..7-04 1,.50,000 8,625 12 ( Delayed

2009 ReceJpt

Accounts no-II BII.Y -2004

STG 581012 13.50 MHMJP 30.6.04 7.7.04 5,00,60,000 33,75,0002006

STG 581014 13.50 MH GMIDC 30-6-04 8.7.04 5,'00,00,000 33,75,000RR8

7 I' DelaysdReceipt

Category

. Rate%

Due on Reed.on

Interest RemarksCode Particular FaceValue

No. ofdays .Delay

8. I DelayedReceipt

J

,.,I

.0o0.(.r",J\., ,- ,~i

?~t

c: ·HI"J

C ';j:1Oil/ Jij

C,'C'C.'clic

1[',,

*<iQT.

~qf. 'i.:.

.2.7 AUG lOO~

: ... ,

\

()

ooooocococccccrc

rpsu 360132 15.00, SOL 120485 6.60

120493 6.602013

340008 ,12.50 CGNAB~RD2004

STG 530009 3.00 CGCPTDEB20 5

, STG 501002 8.00 UPSFC2005

STG 501004 SFC7

; STG 501008 12.50 UPSFC2009

Accounts no- 1

2-1-04 3-8-04 48,75,000 60,9384-2-04 4-8-04 35,00,00,000 1,15,50,000 182

4-2-04 4-8-04 3,00,00,000 9,90,000 182 -1

1-8-04 5-8-04 1,00,00,000 6,25,000 4atid~t.lee\pt

1-8-04 . 5-8-04 25,000 375 4

6-6-04 . 18-8-04 2,00,00,000 8,00,000

29-1-04 18-8

17-2-04 18-8-04 3,00,00,000 12,00,000 183

-2004

~Cate " Codegory

I Rate % I Particular"

Reed. On I' FaceValue

I i I I I days iI

• I Dela II I I i

I

.STG 501004/13.75 UPSFC 29-1-04 18~8-04 I 5,00,00,000 20,00,000 202 I; 2007 I I !"

i i j: ST~ [.501008112.50 UPSFC 17-2-04 118-8-04 /2,00,.00,000 8,00,000 183 I

2009 j·1 •'.STG 1501006112.30 UPSFC ," 20-4-04 18-8-04 11,00,00,000 14,00,000 __ ,-~2~_jc 2007

I Due on Int~o-.--l

If '--

22

cc:()

()

() ..c:crccccrr

:; i ,• I '."

r;(jQT ;- "fu.c~T-1 A1/2/99;g-if>iaf /rl~P-U ~d" : '~"7>fs"'l~4T li, ' '. - . Z

" ',' .

~T~nfi lieT 'f£ijPQ"tfI .

'f"ec ~ JffQ; I~ Q r !,

.9'"fOJ!TOllJ -&IT i-Tnif~Ci'tt !J~'J:l~~;:!" mgq fTT-M fqW57IAa A.. ~.. .J:r~~ (lllTtlT"f J:j r~.. .,

~~~-It002:5

.~..•.... 11 4 OCT Z004

i:/,,, .

~.' -..: .' f ",: l . ~ I ~.;, .;. ,.. ~ ()

. .." , •'. . I -n:;.,::rr=r-r-

.•.....~m- Tm.· II.T .1ll..,~~.~ ...,o£.~~~ .. ~-r'~;.·..:.fR.:.···~. Tili 7!!!!.!!!BO.='!!!3·

""~TT'I"firfQ $I a"RiIi"'~~~' iliT3IQrI~!~t.~:IIF1"'3Cffif~~~/".••J.~'l1etJTqT,;~qrff?tfi<rr~ fqfnUf~irH~r~afflt~T\ij ijJj

h";1!;""~ i"'fe" ~! Qi+I ~ I ftr: 9Ii~n!'oj et fe't ~.~~tpJ'r~}.•~ aaITQ ~ .*Fiji ,

.-.rrr-=, ••.•f~·,.:.lfirl~~4'1.i.~r~.~~~ q(tlTt't ~q~q ;-ATQ ~tr. ~.-QT(ft 6itf{ .~~.~. ~qf;Q' f;tfq f~}'ff;iii1 .~.~'.!i \iliT

~ ~o ~q ~.:ac' .~ JlllT'~ JIn1.~: it; If~f!cp .QJTGj ~

-::r.T"1h1-r-; !~T ii~qA; Qtt: ~Cf l"'lff ~f'~::\: .' IT .,-"....,.."..-'rrr'.<~' cpT"(tfT1f !~f~ €J c· ~ i;:. 11~··.1

. :," 0'. _. . . .l ... ;;' -~;. .l ~

, .,

.::

, . .,

i;,fJ~~..J¥r '7/rC"f"" ~

Rt:;TQijJ mClti>q ~1--Q'JiT~rqfJ ~Atwr,

.j:1.

.l'i:~.!.

; ; : .! j;!

I ;ii: t

('.

0,/'0', ,ccccc(

ccccrcc

r:L.

I--.•...

ory

WE'HINDUCOP 2007

Value

N

1 STG 82'1044 13.65 MH ROC2004

1-9-200,4 6-9-,2004 5,24,00,000

2 13..75 HPs-FOR-CSER

::i

CG IECI2007

2,40,000 15,600 183

6 6,15,000 4

7

8 17,00,000 2,29J

Accoun~ no-II SEPTEMBER-2004....

5 <;:ateg Code Rate Particular Due on Reed. On Face Interest No.L ory % Value of. daysN Deta~

.Y1 STG 581010., 13.75 HP S- 31-8-2004 9-9-2004 5,00,00,000 68,75,000 9

FOR-C ,

SERSTG 621093 14.00 we 15-6-2004 13-9-2004 14.67,50,000 52,00,046 89

HINDUCOP

,;;' 2007

ACeountsno-08S C8te Code Rate % Particular Due onL g:ory. ;

N ;

SEPTEMBER-2004Interest No. of

daysDelay

Reed. On FaceValue

4,50,000 29,250 1841 STG 310005 13.00 CG IRSI 16-3-20042007

20-9-2004

Accoum. ~0-09 SEPTEMBER-2004

5 cate Code Rate Particular Due on Reed. On Face Interest No. ofL. gory " /%, I. Value days, .. ',N L Delay1 STG 31000S< 13.00 CG IRS! 16-9-2004 20-9-2004 4,50,000 29,250 4 (

2007

('

cooC'C('

('

CCCCCCCC(

CCCllLl!

II

f ,

J (~:ls (;-) f1NNG,XVp&- 1)-----------..."

~1'(Jl£i ~ kState Bank of India

• fcNttr, C6W41l.c! ~, q;r ¢cft ili. 12,

~-400021.Treasury Department, Corporate Centre,PostBox No. 12, Mumbai-400 021.

~/Fax: 2204 5468 J 22028779/22868220'm/Telegram : APEX

r--7he Regional Provident Fund Commissioner,I (Investments),

Employees Provident Fund Organisation,Bhavishyanidhi Bhavan,14, Bhikaiji Cama Place,New Delhi 110 066

L'"IT. ~ I No.

\

.>

28-10-2004TRlPMS/1Vq~ I Dat~ :

~..\ Dear Sir,~'LG'V'I')of' CONCURRENT AUDIT REPORTS

~~ i>

~ We enclose herewith the concurrent audit reports for the month of July, August15)\:rOO4for your perusal,

Yours faithfully, ~~ 1...-.-(5'1 ~~~J-y~~~ ~\~~ '\

Deputy General Manager(PMS&CS)

Encl: a.a

___ ~_~ • ~ ~~ __ -----.J,

;:.. . ..":.-..,-

'. r Ir > r \ r ~;r; r"I I) n n I} ,"",(j .'j !) ') ·"),,Ct ..D QQ i') ')

\NNEXURECPORTFOLIQ M~,AG~M~NT -AUGUST. 2004

VERIFICATION OF DEAL TICKETS ~OM ~004001151 TO 2004001335OBSERVATIONS

I1. DEAL TICKETS (DT):(a) There are no Deal Tickets numbered 2004001178,2004001208,2004001246 and

2004001249 on record at the appropriate place,All deal ticket numbers should be accounted for to prevent mis-use.

(b) Dealer should also sign on the following Deal Tickets at the bottom:2004001175 dated 03-08-20042004001201 dated 07-08 ..2004

(c) Mid-office authoris.ed signatory should also sign on the following Deal Ticketsat the bottom:2004001241 dated 19-08-20042004001245 dated 19-08-2004

2. CONTRACT NQTES OF BRQKERS:The following contract notes of brokers have. still to be filed at the appropriateplace for perusal and record:

(a)Twenty First Century Shares & Securities Ltd.(i) For purchase of Rupees 5 crores 11.83 % GS 2014 @ 138.25 from

Vijaya Bank (DT 2004001160 dated 03-08-2004)(ii) For purchase of'Rupees 10 crores 11.83 % GS 2014 @ 138.Z5 from

Central Bank Of India (DT 2004001161 dated 03-08-2004)(iii) For purchase of Rupees 10 crores 11.83 % GS 2014 @ 138.00 from

Allahabad Bank (DT 2004001191 dated 06-08-2004)(iv) For purchase of Rupees 10 crores 12.30 % OS 2016 @ 142.00 from

Indian Overseas Bank (DT 2004001207 dated 09-08 ..2004)

• C-AUGUST 04 (1fi4)

(b) Alka Securities Limited

PMSREPLY

Since rectified

Since rectified

Since rectified

OSincemedoooooooooooooooo

,'.

Ir

~I

2-6

r r t > r : r > :~n(",~ ~ 0 ~ 0 0 0 0 0 ~ 'J 0 J ~ ~ ~ J

r (i) ,For purchase of Rupees 10 crores 12.32% GS 2011..@ 129.50 fromCentral Bank of India (DT 2004001194 dated 06~08~2004) 8

(c) Birla Sunlife Securities Limited 0(i) For purchase of Rupees 10 crores 11.83% GS 2014 @ 137.50 from 8

Central Bank Of India (DT 2004001201 dated 07~08-2004) 0(ii) For purchase of Rupees 25 crores 10.17 % GS 2016 @ 125.75 from 0

UTI Bank Ltd. (DT 2004001241 dated 19-08-2004) g(iii) For purchase of Rupees 10 crores 11.83 % GS 2014 @ 133.00 from 0

Indian Overseas Bank (DT 2004001251 dated 21~08-2004) 8(d) Tower Capital & Securities Ltd. 0(i) For purchase of Rupees 15 crores 8.35 % OS 2022 @ 114.50 from 0

IDBI Capital Market Services Ltd. (DT 2004001204 dated 07-08-2004) 8(e) IL & FS Investsmart Limited 0(i) For purchase of Rupees 10 crores 11.83 % OS 2014 @ 136.25 from 8

Central Bank Of India (DT 2004001205 dated 09-08~2004) 0(ii) For purchase of Rupees 10 crores 11.83% OS 2014 @ 133.00 from 0

The Federal Bank Ltd. (DT 2004001238 dated 18-08~2004j g(iii) For purchase of Rupees 15 crores 10.71 % OS 2016 @ 125.75 from 0

UTI Mutual Fund (DT 2004001253 dated 21-08-2004) 8. 3. COUNTERPARTY DEAL CONFIRMATIONS: 0

Deal Confirmations from the following counterparties have still to be received and filed at the 0appropriate places:. NAME OF COUNTERPARTY

State Bank Of TravancoreState Bank OfTravancoreState Bank Of TravancoreState Bank OfTravancoreVijaya BankCentral Bank Of IndiaHDFC Trustees Company Ltd.

DEAL TICKET NUMBER2004001152200400115320040011542004001155200400116020040011612004001177

DATE02-08-200402-08-200402-08-200402-08-200403-08-200403-08-200404-08-2004

received, received

C-AUGUST04 (2/4)

receivedreceivedreceivedreceivedreceivedreceived

NAME OF COUNTERP ARTY DEAL TICKET NUMBER DATE

2':/

~

.,1 ') r) ~.) ') C) o () ()() .:):')1"') .'J ()

. (i) .For purchase of Rupees 10 crores 12.32% GS 2011 @ 129.50 fromCentral Bank of India (DT 2004001194 dated 06-08-2004) g

(c) Birla Sunlife Securities Limited . 0(i) For purchase of Rupees 10 crores 11.83% GS 2014 @ 137.50 from 8

Central Bank Of India (Dr 2004001201 dated 07-08-2004) 0(ii) For purchase of Rupees 25 crores 10.17 % GS 2016 @ 125.75 from 0

UTI Bank Ltd. (OT 2004001241 dated 19-08-2004) g(iii) For purchase of Rupees 10 crores 11.83 % GS 2014 @ 133.00 from 0

Indian Overseas Bank (OT 2004001251 dated 21-08-2004) 8(d) Tower Capital & Securities Ltd. 0(i) For purchase of Rupees 15 crores 8.35 % GS 2022 @ 114.50 from 0

IDBI Capital Market Services Ltd. (DT 2004001204 dated 07-08-2004) g(e) IL & FS Investsmart Limited 0(i) For purchase of Rupees 10 crores 11.83 % GS 2014 @ 136.25 from g

Central Bank Of India (DT 2004001205 dated 09-08-2004) 0(ii) For purchase of Rupees 10 crores 11.83 % OS 2014 @ 133.00 from 0

The Federal Bank Ltd. (DT 2004001238 dated 18-08-2004) g(iii) For purchase of Rupees 15 crores 10.71 % GS 2016 @ 125.75 from 0

UTI Mutual Fund (OT 2004001253 dated 21-08-2004) g3. COUNTERPARTY DEAL CONFIRMATIONS: 0

oDeal Confirmations from the following counterparties have still to be received and filed at theappropriate places:

NAME OF COUNTERPARTYState Bank Of TravancoreState Bank Of TravancoreState Bank Of TravancoreState Bank Of TravancoreVijaya BankCentral Bank Of IndiaHDFC Trustees Company Ltd.


DATE02-08-200402-08-200402-08-200402-08-200403-08-2004

. 03-08-200404-08-2004

receivedreceivedreceivedreceivedreceivedreceivedreceivedreceived

C-AUGUST 04 (2/4)

NAME OF COUNTERPARTY DEAL TICKET NUMBER DATE

2=!

•

I Ir ~ I ) r"" (1 ~l n ~ ~ 0 ~ 0 0 ~ 0 J 0 J J J )

I ICICI Securities Ltd. 2004001240 18-08-2004Allahabad Bank 2004001250 21-08-2004Indian Overseas Bank 2004001251 21-08-2004HDFC Bank Ltd. 2004001252 21-08-2004UTI Mutual Fund 2004001253 21-08-2004United Bank Offudia 2004001267 26-08-2004United Bank Of India 2004001268 26-08-2004

Necessary follow-up needs to be done with the above mentioned counterparties so thatalldeal confirmations are received expeditiously.

4.SUBMISSION OF REPORTSIMEMORANDA:A Memorandum dated 04-08-2004 incorporating the annual review of investments( made inrespect of Central Board Of Trustees Employees Provident Fund,Delhi Vidyut BoardEmployees Terminal Benefit Fund and SLR investments of Regional Rural Banks sponsoredby the Bank) for the financial year ended on 31-03-2004 was submitted to the ECCB on12-08-2004.

5.CONTINGENCYIDISASTER RECOVERY AND BUSINESS CONTINUITY PLAN: .As part of efficient operational risk management, a well documented disaster recoverymanagement contingency plan for ensuring early resumption and continuity of business atan alternate fully equipped site in case of any natural or man-made disaster at the presentsole site for portfolio management inust be prepared, tested, approved and held on record.

C-AUGUST 04(4/4)

ReceivedReceivedReceivedReceivedReceivedReceivedReceived

DRPis underpreparationandwWbesubmittedsbortly.

.2..q

\ \

ANNEXUREC•

. : f: r~ (I ·~l )) .') ') r] "J .~) ") 0 OJ 0 .") ')

PORTFOLIO MANAGEMENT -JULY. 2004

VERIFICATION OF DEAL TICKETS FROM 2004000961 TO 2004001150OBSERVATIONS

1. COUNTERPARTY DEAL CONFIRMATIONS:Deal Confirmations from the following counterparties have still to be received and filed atthe appropriate places:

NAME OF COUNTERPARTYPrudential ICICI Mutual FundIDBI Capital Market Services Ltd.Bank of BarodaCentral Bank Of IndiaKarnataka Bank Ltd.


Indian Overseas BankThe Catholic Syrian Bank Ltd.The Catholic Syrian Bank Ltd.Kotak Mahindra Mutual FundAllahabad Bank.Allahabad Bank.CanaraBankCanaraBankPunjab National Bank.CanaraBankUTI Mutual FundAndhraBankAndhraBankAllahabad BankSecurities Trading Corporation Of India Ltd.Allahabad BankThe Federal Bank Ltd.HDFC Mutual FundHDFC Mutual FundHDFC Mutual Fund

DATE01-07-200402-07-200412-07-200422-07-200423-07-200424-07-200424-07-200426-07-200426.,07-200426-07-200426-07-200427-07-200427-07-200427-07-200427-07-200427-07~200428-07-200428-07-200428-07-200428-Q7-200428-07-200428-07-200429-07-200429-07-200429-07-2004

C-JUL Y 04(1/2)

'50

REMINDEDRECEIVEDREMINDED

RECEIVEDREMINDEDRECEIVEDRECEIVEDRECEIVED

RECEIVEDRECEIVEDRECEIVEDRECEIVEDRECEIVED

RECEIVEDRECEIVEDRECEIVED' I ,RECEIVED IRECEIVEDRECEIVEDRECEIVEDRECEIVED

RECEIVEDRECEIVEDRECEIVEDRECEIVED

PMSREPLY

t.1 ~"

C' (1 n "\ 1 ')" ') .~).~ ') ') ") t').:'):).~ ") '}

IHDFC Mutual FundHDFC Mutual FundHDFC Mutual Fund

200400112220040011232004001124

29-07-200429-07-200429-07-2004

Necessary follow-up needs to be done with the above mentioned counterparties so that alldeal confirmations are received expeditiously.

2.SUBMISSION OF REPORTSIMEMORANDA:A Memorandum dated 04-08-2004 incorporating the annual review of investments( made inrespect of Central Board Of Trustees Employees Provident Fund,Delhi Vidyut Board,Employees Terminal Benefit Fund and SLR investments of Regional Rural Banks sponsoredby the Bank) for the financial year ended on 31-03-2004 was submitted to the ECCB on12-08-2004.

3.CONTINGENCYIDISASTER RECOVERY AND BUSINESS CONTINUITY PLAN:As part of efficient operational risk management, a well documented disaster recoverymanagement contingency plan for ensuring early resumption and continuity of business atan alternate fully equipped site in case of any natural or man-made disaster at the presentsole site for portfolio management must be prepared, tested, approved and held on record.

C-JUL Y O~ (2/2)

31

RECEIVEDRECEIVEDRECEIVED

DRPISUNDERPREPARATIONAND WILL BESUBMITTEDSHORTLY.

cr-

c:n(')

orrrr:r

~ l'tffltl m hState Bank of India

m ~, q;l{to1C!~, q;r ~ sn. 12,

~-400021.Treasury Department, Corporate Centre.Post Box No. 12, Mumbai-400 021.

1\cRr/Fax: 2204 5468 /2202 8779 /2286 8220WIt/Telegram: APEX

The Regional Provident Fund Commissioner,Employees Provident Fund Organisation,Bhavishya Nidhi Bhavan, ~. /14, Bhikaiji Cama Place, (l_ ry1. o.---{'// c:,.rfj~Delhi 110066. L/-21J •

'IT. """'" I No. ~ ~ I Date,

~ ,-,:\Y-

r

"r

We enclose herewith the concurrent audit reports for the months of May andJune 2004 for your perusal and necessary action.

Yours faithfully,

jJ~-e-VDeputy General Manager(PMS&CS)

Enc1 :a.a 02.:

, 1 .) r) '1 r 1 (l fJ)'J .-') 'J'J C)::) iJ J J .")I.~,.'l

ANNEXuru;CPORTFOLIO MANAGEMENT - MAY. 2004


1. DEAL TICKETS (DU:(a) Mid-Office authorised signatory should also sign on the following Deal Tickets at the

bottom:2004000533 dated 05-05-20042004000553 dated 10-05-20042004000643 dated 24-05-20042004000652 dated 28-05-2004

(b) Dealer should also sign on the following Deal Tickets at the bottom:2004000582 dated 28-04-20042004000583 dated 27-04-20042004000629 dated 24-05-2004

(c)There is no Deal Ticket numbered 2004000536 on record at the appropriate place.All deal ticket numbers should be accounted for to prevent mis-use.

2.DEAL CONFIRMATIONS OF PMS:(a) Name of counterparty not mentioned above address in copy ofPMS Deal Confirmation

in case of the following Deal Tickets:2004000535 dated 07-05-20042004000537 dated 07-05-20042004000540 dated 07-05-20042004000546 dated 07-05-20042004000605 dated 18-05-20042004000634 dated 25-05-20042004000639 dated 25-05-20042004000666 dated 31-05-2004

(b)The filed copy of the PMS deal confirmation should also be authenticated by the authorisedsignatory of mid-office in the case of the following Deal Tickets:2004000579 dated 14-05-20042004000617 dated 19-05-20042004000618 dated 19-05-2004

C-MA Y 04 (1/5)

33 - ~v

PMSREPLY

Since signed

Since signed

Since kept

Since rectified

I

\

Since signed

. ,

r' ,.-., r, I' ,.., , ') (1 f) r) '1. n ') ~ :0 0 o (")J':') <7 ..:).:...,..,-,..-----".,-..,.-..-;... '\ . i

~J640606i2·dated 20-05-20042004000626 dated 22-05-20042004000627 dated 22-05-20042004000660 dated 31-05-20042004000661 dated 31-05-20042004000662 dated 31-05-20042004000663 dated 31-05-20042004000664 dated 31-05-2004

(c) (i)The deal confirmations of PMS in respect of the following deals were originated on20-05-2004 (as per the date appearing on each of them at the top right) although therelative transactions were concluded several days earlier:2004000535 to 2004000549 dated 07-05-20042004000550 dated 08-05-2004Care should be taken to ensure that PMS deal confirmations are originated and sent to theconcerned counterparties on the date of transaction itself.

(ii) The deal confirmations ofPMS in respect of the following deals were originated a dayearlier (as per the date appearing on each of them at the top right) although the relativeinvestment notes Wereoriginated and approved/transactions were originated andconcluded a day later vide particulars recorded on deal tickets and broker contract notes:

Deal Ticket Number Investment Note/Deal rrrade date PMS Deal Confirmation date2004000571 13-05-2004 12-05-20042004000572 13-05-2004 12-05-20042004000573 f 13-05-2004 12-05-20042004000574 13-05-2004 12-05-20042004000575 13-05-2004 12-05-20042004000576 13-05-2004 12-05-20042004000661 31-05-2004 30-05-20042004000662 31-05-2004 30-05-2004It is not clear how the aforementioned could happen in the first instance.Efforts shouldbe made to identify the source of error and rectify the same at the earliest.

(d) PMS deal confirmation copy for DT 2004000579 dated 14-05-2004 has been wronglyaddressed to Asit C.Mehta Investment Intermediates Ltd.Ibroker) instead of Punjab NationalBank (counterparty).Confinnation should be sent to Punjab National Bank and care shouldbe taken to avoid the recurrence of such instances in future.

We note to generate theconfirmation letters on thesame day.

The system date was changederreneously and the errorwas detected and reetifecl onthe same day.

Confirmation was sent toPNBonly.

IiI

I

I!I!

C-MAY 04(2/5)

3~

r 1 ~.. " r) r .1 r 1 r') n C; (') () 0 '} i~ 00 C)O J J .:)'\~

CONTRACT NOTES OF BROKERS: .(i) The following Contract Notes of Brokers have still to be filed at the appropriate place for

perusal and record:(a) For investment ofRs. 8.5 crores in 11.83 % CG 2014 (DT 2004000585 dated 15-05-2004)

through IL & FS Investsmart Limited(b) For investment ofRs. 1.5crores in 11.83% CG 2014 (DT 2004000586 dated 15-05-2004)

through IL & FS Investsmart Limited(c) For investment ofRs. 15 crores in 7.5 % PFC 2009 Bonds (DT 2004000665 dated

31-05.•2004) through Birla Sunlife Securities Limited(ii) The contract notes of the following brokers have not been franked with the appropriate

stamp duty(probablyon account of the statement "consolidated stamp duty paid" whichhas been mentioned on the contract notes):

(a) 1M Morgan Stanley Fixed Income Securities Private Limited(b) Darashaw Securities Limited .

It would be appropriate and convenient for the concerned officials ofPMS to follow theuniform practice of insisting on franking of applicable stamp duty on each contract noteinstead of permitting stating of "consolidated stamp duty paid" on the contract note,calling forthe detailed statement of consolidated stamp duty paid at periodic intervalsfrom the concerned brokers and verifying the inclusion of all such cases in theconsolidated statement.


NAME OF COUNTERPARTYHSBC Income FundPrincipal Mutual FundBirla Mutual FundICICI Prudential Life Insurance Company Ltd.Sundaram Mutual FundChola Mutual fundAlliance Capital Mutual FundTempleton Mutual FundKotak Mahindra Mutual FundReliance Capital Trustee Company Ltd.Kotak Mahindra Mutual FundUCO Bank


DATE07-05-200407-05-200413-05-200413-05-200413-05-200413-05-200413-05-200413-05-200414-05-200414-05-200414-05-200414-05-2004

C-MA Y04 (3/5)

Since filed

As the brokers arementioning that consolidatedstamp c;luty on the contractnote, we are not insisting ~nstamped contract notes.

ReceivedReceivedReceivedReceivedReceivedReceivedReceivedRemilJdedReceivedReceivedReceivedReceivedReceivedReceiveeJ

~5~~;"';"::'

.:~c.,....

\ J ,J ; I '"~ ., r; ''J I}.'~. __:'i_(')_'} 0 0 .:J :) :> :) 'J :)--_. __._----_._-------

,....-----.----~~-

DEAL TICKET NUMBER DATE --I .. :.'. ~.NAME OF COUNTERPARTYIDB! Principal Asset Management Company Ltd. 2004000585 1S-05-2004 .~ceived \ \'IDB! Principal Asset Management Company Ltd. 2004000586 15-05-2004 Received

ReceivedBirla Mutual Fund 2004000587 15-05-2004 ReceivedBirla Mutual Fund 2004000588 15-05-2004 ReceivedBirla Mutual Fund 2004000589 15-05-2004 ReceivedBirla Mutual Fund 2004000590 15-05-2004 Received

Kotak Mahindra Mutual Fund 2004000591 17-05-2004 ReceivecdKarnataka Bank Limited 2004000592 17-05-2004 ReceivedPunjab National Bank 2004000593 17-05-2004 ReceivedKotak Mahindra Mutual Fund 2004000594 17-05-2004IDB! Capital Market Services Limited 2004000595 17-05-2004 Received

IDB! Principal Asset Management Company Ltd. 2004000597 17-05-2004 ReceivedReceived

Templeton Mutual Fund 2004000598 17-05-2e04 ReceivedABN Amro Securities (India) Pvt. Ltd. 2004000599 17-05-2004 ReceivedABN Amro Securities (India) Pvt. Ltd. 2004000605 17-05-2004 ReceivedTata Mutual Fund 2004000613 18-05-2004 ReceivedIDB! Capital Market Services Ltd. 2004000623 21-05-2004 Received

Allahabad Bank 2004000624 21-05-2004 ReceivedHDFC Standard Life Insurance Company Ltd. 2004000626 22-05-2004 ReceivedAllahabad Bank 2004000629 24-05-2004 ReceivedCorporation Bank 2004000633 25-05-2004 Received. ReceivedUnion Bank Of India 2004000634 25-05-2004Securities Trading Corporation Of India Ltd. 2004000635 25-05-2004 ReceivedSecurities Trading Corporation Of India Ltd. 2004000636 25-05~2004 ReceivedReliance Capital Trustee Company Ltd. 2004000638 25-05-2004 Received

I iReliance Capital Trustee Company Ltd. 2004000639 25-05-2004 Received )VijayaBank 2004000654 28-05-2004 Received

ReceivedAndhraBank 2004000655 28-05-2004 ReceivedVijayaBank 2004000656 28-05-2004 ReceivedJCrCI Bank Ltd. 2004000658 28-05-2004Indian Overseas Bank 2004000659 31-05-2004 I ReceivedAllahabad Bank 2004000660 31-05-2004 ReceivedAllahabad Bank 2004000661 31-05-2004 1_0<1Allahabad Bank 2004000662 31-05-2004 ReceivedDSP Merrill Lynch Ltd. 2004000663 31-05-2004 Received

C-MAY-04 (4/5)

3('

1 1 " -:-) ': ~" ') fJ -, J ..., -, .)

NAMEOFCOUNTERPARTY DEAL TICKET NUMBER DATEJM Mutual Fund 2004000664 31-05-2004DSP Merrill Lynch Ltd. 2004000665 31-05-2004Sundaram Mutual Fund 2004000666 31-05-2004


\"

5.SUBMISSION OF REPORTS/MEMORANDA:Yearly review for 2002-2003 had been submitted to EeeB on August 22,2003.Half-yearly review for the half-year ended 30-09-2003 was submitted to the EeeB on22-11-2003.Yearly review for 2003-2004 is under process.

6. CONTINGENCYIDISASTER RECOVERY AND BUSINESS CONTINUITY PLAN:As part of efficient operational risk management,a well documented disaster recoverymanagement contingency plan for ensuring early resumption and continuity of business atan alternate fully equipped site in case of any natural or man-made disaster at the presentsole site for portfolio management must be prepa,red,tested,approved and held on record.

C-MAY 04 (5/5)

ReceivedReceivedReceived

Annual review has beenPut upto the board on 12-08-2004

A separate note will beSubmitted to theAppropriate authorityBy 10-09-2004.

31- ~v

1-··· 1

ANNEXUREC

1···· }.-' } ,}._')-)-)-):-J-J-..-,......r-,-; }.. I

. !

PORTFOLIO MANAGEMENT -JUNE. 2004


1. DEAL TICKETS (DT):(a) Mid-Office authorised signatory should also sign on the following Deal Tickets at the

bottom:2004000723 dated 09-06-20042004000820 dated 15-06-20042004000833 dated 18-06-20042004000834 dated 18-06-20042004000859 dated 22-06-20042004000866 dated 22-06-20042004000880 dated 22-06-20042004000934 dated 25-06-20042004000935 dated 25-06-20042004000936 dated 25-06-20042004000937 dated 25-06-2004

(b) Dealer should also sign on the following Deal Tickets at the bottom:2004000839 dated 19-06-20042004000884 dated 22-06-2004

(c)There are no Deal Tickets numbered 2004000675,2004000683 to 2004000694 and2004000718 on record at the appropriate place.All deal ticket numbers should be accounted for to prevent mis-use.


in case of the following Deal Tickets:2004000723 dated 09-06-20042004000855 dated 21-06-20042004000882 dated 21-06-20042004000885 dated 21-06-2004

C-JUNE 04(1/5)

PMSREPLY

Since signed

Since signed

Since tracedand kept at theappropriateplace.

Since rectified

zs

. ~\,

-

1 r l rl '1 '1 .~ -, , 'J '} }}} ")')}{he filed copy of the PMS deal confirmation should also be authenticated by the authorisedsignatory of mid-office in the case of the following Deal Tickets:2004000702 dated 05-06-20042004000715 dated 08-06-20042004000716 dated 08-06-20042004000717 dated 08-06-20042004000804 dated 12-06-20042004000884 dated 21-06-20042004000885 dated 21-06-20042004000886 dated 22-06-20042004000930 dated 24-06-20042004000932 dated 24-06-20042004000934 dated 25-06-20042004000935 dated 25-06-20042004000937 dated 25-06-20042004000940 dated 26-06-2004

(c) PMS deal confirmation in respect of deal number 2004000880 dated 22-06-2004 was sent toDSP Merrill Lynch Ltd. at 10th Floor,Mafatlal Centre,Nariman Point,Mumbai while thecounterparty confirmation for this deal has been received from DSP Merrill Lynch FundManagers Ltd. at 11 th Floor.West Wing,Tulsiani Chambers,Nariman Point.Mumbai.Care should be taken to send PMS deal confirmations to the correct counterparties at thelatest addresses.

3. CONTRACT NOTES OF BROKERS:The contract notes of the following brokers have not been franked with the appropriatestamp duty(probably on account of the statement "consolidated stamp duty paid" whichhas been mentioned on the contract notes):

(a) Infinity.Com Financial Securities LimitedContract Note No.2018/2004-05 dated 04-06-2004 (DT 2004000679 dated 04-06-2004)Contract Note No.2395/2004-05 dated 19-06-2004 (DT 2004000837 dated 19-06-2004)Contract Note No.240212004-05 dated 21-06-2004 (DT 2004000850 dated 21-06-2004)Contract Note No.2452/2004-05 dated 22-06-2004 (DT 2004000885 dated 22-06-2004)Contract Note No.2508/2004-05 dated 24-06-2004(DT 2004000929 dated 24-06-2004)

(b) Asit C. Mehta Investment Intermediates Ltd.Contract Note No. 43121 dated 21-06-2004 (DT 2004000854 dated 21-06-2004)It would be appropriate and convenient for the concerned officials ofPMS to follow theuniform practice of insisting on franking of applicable stamp duty on each contract note

Since signed

Address hassince beenupdated.

C-JUNE 04 (2/5)

. As a certificattebas been issuedby the brokerthat theconsolidatedstamp duty hasbeen paid, weare not insistingon a separatestampedcontract notefrom thebrokers

3"

I(l<,

e\v .--.".

instead of permitting stating of "consolidated stamp duty paid" on the contract note,calling for the detailed statement of consolidated stamp duty paid at periodic intervalsfrom the concerned brokers and verifying the inclusion of all such cases in theconsolidated statement.


NAME OF COUNTERPARTYUCO BankVijaya BankPrudential ICICI Life Insurance Company Ltd.Templeton Mutual FundReliance Capital Trustee Company Ltd.Birla Sunlife Trustee Company Ltd.Birla Sunlife Trustee company Ltd.Birla Sunlife Trustee Company Ltd.Indian Overseas BankBank Of MaharashtraAllahabad BankBank Of MaharashtraCorporation BankPrudentiallCICI Mutual FundUCOBankPrincipal Asset Management company Ltd.Prudential ICICI Trustee Company Ltd.Templeton Mutual FundPrudential ICICI Trustee Company Ltd.Sundaram Mutual FundBank Of IndiaPrudential ICIer Mutual FundCiticorp Finance (India) Ltd.Allahabad BankSyndicate BankSyndicate BankAllahabad Bank


DATE01-06-200401-06-200401-06-200401-06-200401-06-200401-06-200401-06-200401-06-200402-06-200403-06-200403-06-200404-06-200408-06-200408-06-200408-06-200408-06-200408-06-200408-06-200409-06-200409-06-200409-06-200410-06-200410-06-200411-06-20041l-06-200411-06-200412-06-2004

ReceivedReceivedReceivedReceivedReceivedReceivedReceivedReceivedReceivedReceivedRemindedReceivedReceived



ReceivedReceivedReceivedReceivedReceived

C-JUNE 04 (3/~

~o

ReceivedReceivedReceivedReceived

) )))'JJJ)'J

\,,,,-

"1'~ r~" 1'1 ,'] '7~} '})'") '}}

NAME OF COUNTERPARTY DEAL TICKET NUMBER DATEDeutsche Mutual Fund 2004000813 14-06-2004 ReceivedTempleton Mutual Fund 2004000818 15-06-2004 ReceivedTempleton Mutual Fund 2004000819 15-06-2004 ReceivedTempleton Mutual Fund 2004000820 15-06-2004 ReceivedIClCI Lombard General Insurance Company Ltd. 2004000821 15-06-2004 Received

Principal Asset Management Company Ltd. 2004000827 18-06-2004 ReceivedHDFC Trustee Company Ltd. 2004000832 18-06-2004 ReceivedBirla Mutual Fund 2004000836 19-06-2004 ReceivedUnit Trust Of India Mutual Fund 2004000842 21-06-2004 ReceivedBirla Mutual Fund 2004000843 21-06-2004 Received

The Federal Bank Ltd. 2004000844 21-06-2004 ReceivedIDBI Capital Market Services Ltd. 2004000848 21-06-2004 ReceivedUnited Bank Of India 2004000849 21-06-2004 ReceivedDhrangadhra Chemical Works Ltd. 2004000850 21-06-2004 ReceivedHDFC Trustee Company Ltd. 2004000851 21-06-2004 ReceivedAllahabad Bank 2004000852 21-06-2004 Received

Unit Trust Oflndia Mutual Fund 2004000853 21-06-2004 ReceivedIndian Overseas Bank 2004000859 22-06-2004 ReceivedKamataka Bank Ltd. 2004000866 22-06-2004 ReceivedKamataka Bank Ltd. 2004000928 24-06-2004 Received

I •IerCr Bank Ltd. 2004000929 Received24-06-2004tAndhra Bank 2004000930 24-06-2004 ReceivedCentral Bank Of India 2004000931 24-06-2004 Received

Allahabad Bank 2004000932 24-06-2004 Received I 1PrudentiallCICI Mutual Fund 2004000934 25-06-2004 ReceivedAndhra Bank 2004000935 25-06-2004Kamataka Bank 2004000937 25-06-2004

ReceivedReceivedState BankOfTravancore 2004000938 26-06-2004 Received

Indian Overseas Bank 2004000939 26-06-2004 ReceivedThe Federal Bank Ltd. 2004000940 26-06-2004 ReceivedThe Federal Bank Ltd. 2004000941 26-06-2004Central Bank Of India 2004000942 28-06-2004 I Received

Necessary follow-up needs to be done with the above mentioned counterparties so that all Received

deal confirmations are received expeditiously.

C-JUNE 04(4/5)

~\

,f;}

r ~ ~ n ."""\'1 '""'\ .'""'\~. ') ~,~J_. 1,.__--:L_J ~L_) ")

-.-. ..------~. ._------------------------,--------,S.sUBMISSION OF REPORTS/MEMORANDA:Yearly review for 2002-2003 had been submitted to ECCB on August 22,2003.Half-yearly review for the half-year ended 30-09-2003 was submitted to the ECCB on22-11-2003.Hal f-ycarly/ycarly review for the half-year/year ended on 31-03-2004 needs to be done atthe earliest.

6. CONTINGENCY/DISASTER RECOVERY AND BUSINESS CONTINUITY PLAN:As part of efficient operational risk management, a well documented disaster recoverymanagement contingency plan for ensuring early resumption and continuity of business atan alternate fully equipped site in case of any natural or man-made disaster at the presentsole site for portfolio management must be prepared,tested,approved and held on record.

Yearly reviewhas beensubmitted to theboard on 12-08-2004.

We areexamining thematter andadvise suitably.

C-JUNE 04 (5/5)

42

\.~

e\u

t>

rrrc:rt:

ccc(

r

.,:lIi':Jt- (1(1-)

"I1{d\q ~ fenState Bank of India

\\:?

ifiN firqpr, ifli{c4\\e ~. q;r ~ SIi. 12

~-400021.Treasury Department, Corporate Centre,Post Box No. 12, Mumbai-400 021.~/Fax: 2204 5468 , 2202 8779 I 2286 8220m/Telegram : APEX

rl

IThe Regional Provident Fund Commissioner,(Investment),Employees Provident Fund Organisation,Bhavishya Nidhi Bhavan,14, Bhikaiji Cama Place,New Delhi 110 066~. iIi1ricn / No. ~ I Date:

TRlPMS/7"'16 06-07-04

r Dear Sir,(, CONCURRENT AUDIT REPORTS

We enclose herewith the concurrent audit reports for the months of October,November. December 2003 and April 2004 for your perusal.

'-

Jv bc",oc:>-Deputy General Manager(PMS&CS)

," "" '\ r-" "1 'l r) r) , ,}, '") --, '-',,) -, ') ')

, ANNEXUREC'. PORTFOLIO MANAGEMENT OCTOBER 2003 •

VERIFICATION OF DEAL TICKETS FROM 2003001895 TO 2003001987

OBSERVATIONS

1. DEAL TICKETS:(a) Front Office Authorised Signatory(Dealer) to also sign on the following Deal Tickets

at the bottom left comer:2003001951 dated 22-10-2003

(b)Mid-Office authorised signatory to also sign on the following Deal Tickets at the bottom:2003001950 dated 21-10-20032003001983 dated 29-10-2003

(c)There are no Deal Tickets numbered 2003001942 and 2003001943


in case of the following Deal Tickets:2003001967 dated 22-10-20032003001968 dated 23-10-20032003001976 dated 28-10-20032003001977 dated 28-10-20032003001978 dated 28-10-20032d03001979 dated 28-10-20032003001980 dated 28-10-20032003001981 dated 28-10-20032003001982 dated 28-10-20032003001985 dated 30-10-2003

(b)PMS Deal Confirmation copy to be authenticated by Chief Manager (Mid-Office) in respectof the following Deal Tickets:2003001949 dated 21-10-20032003001950 dated 21-10-2003

C-OCT 03(1/3)

~'~

PMSREPLY

Since signed /

Since signed/

/The deal tickets were cancelled.

Since rectified I'

Since rectified.J

\'~ 9

1 '1 ( 1 '1 " r, rl "'l '1 J 1 "') 'j J J})

e· 3.COUNTERPARTY DEAL CONFIRMATIONS:(a) Deal Confirmations from the following counterparties have still to be received and filed at

the appropriate places:NAME OF COUNTERPARTY DEAL TICKET NUMBER DATEState Bank Of Indore 2003001967 22-10-2003State Bank Of Indore 2003001968 23-10-2003State Bank OfHyderabad 2003001971 24~10-2003State Bank OfHyderabad 2003001973 24-10-2003State Bank OfHyderabad 2003001974 24-10-2003Necessary follow-up needs to be done with the above mentioned counterparties so that alldeal confirmations are received expeditiously.

(b) State Bank Of Bikaner & Jaipur confirmation of deposits dated 03-10-2003 vide letterdated 07-10-2003 states that the maturity values of deposits advised in PMS DealConfirmations for DT 2003001899 and 2003001904 should be Rs.52,89,28,038.00 andRs52,89,28,037.00 instead of Rs.52,90, 10,278.00 and Rs.52,90,10,277.00 as mentionedtherein.The mis-match in maturity amounts needs to examined carefully .In case,the amounts asadvised by PMS deal confirmations were incorrect,besides re-confirming the correct valuesto SBBJ,it is also necessary to examine how the incorrect values were computed in the firstinstance and take appropriate remedial action to avoid recurrence of such instances in future.

4.DISTRIBUTION OF TRANSACTIONS AMONGST BROKERS :The RBI guidelines for engagement of brokers stipulate that a disproportionate part of thebusiness should not be transacted through only a few brokers and aggregate contract limitsshould be fixed for each of the approved brokers.A limit of5% oftota! transactionsentered into by a Bank during a year should be treated as the aggregate upper contractlimit for each of the approved brokers.Hence,care must be taken to ensure that transactionsare equitably distributed amongst the empanelled brokers throughout the year.The statement of broker-wise exposure as on 31-10-2003 in respect of transactionsundertaken on behalf of the Central Board Of Trustees Employees Provident Fund indicatesthat the 5% limit had been exceeded in the following cases:

Name of Broker Percentage ShareMata Securities India Private Limited 6.03Tower Capital & Securities Private Limited 5.98SBr Capital Markets Limited 5.04

C-OCT 03 (2/3)

ReceivedReceivedReceivedReceivedReceived

The change in accrued interest is due tothe wrong calculation of interest. Onrechecking, SBBJ figures are correct. Theerror is due to wrong calculation of days.

/

Transactions are being distributed so as tocomply with the RBI guidelines. Thebrokers who have crossed the 5% ,vthreshold have been kept under COOlingperiod. However, the present position ason 17-11-2003 is as under:

Mata Securities India Pvt. Ltd., 5.94%Tower Capital & Securities Pvt. Ltd. /'6.45%

L-fS

\~b

~

} (' 1_ ) ~ ') .r; /') a J "') :) "")

," " Further transactions during the remaining part of the year must be done taking special Carethat the bulk of the transactions are routed through brokers other than those mentioned aboveand the stipulated limit of 5% of total transactions during the year is not exceeded inrespect of any broker.Otherwise.it would be necessary to report the exceeding of the limit inrespect of each individual broker to the Central Board post-facto along with the reasonstherefor.

5.SUBMISSION OF REPORTSIMEMORANDA:Yearly review for 2002-2003 had been submitted to ECCB on August 22,2003.

C-OCT 03(3/3)

ib

\?1

_i~~',_,-

;, '1 '1 (l T1 '1 r1 ') t") ') -, ') ') "') "') ") ., ,"

.:-...•~ .. ,~-.;:... ; '~-~~-.

. ,.,~:-:',~.•• _~_t '."'t ",::,~~:~ ••L

PORTFOLIO MANAGEMENT -- NOVEMBER 2003

~---' -,-'-"-=---.!';'_ ... -. .- ....•..=;: ~.~----";:' •..7:;:t"--':"" ..

, -"-' --~---"-'--'- \0 t~~:::-:~,..~.=--~~~.-:

--:.·.~:.~r.:,.-!ct4'~,,¥":';;·...:..---.----"":.....!...: .;.. ..VERIFICATIO~.,QF.D~AL TICKET~ fRO~=Zoo3.iioi989TO·,200300210S,

...... _._--'_.... ..·-._ •••l'•••• ·t·· "

.c.

1. DEAL-TICKETS:(a)Mid-Office authorised signatory to also sign on the following Deal Tickets at the bottom:

2003001992 dated 03-11-20032003002043 dated 18-11-2003

(b)There is no Deal Ticket numbered 2003002088

2.DEAL CONFIRMATIONS OF PMS:Name of counterparty not mentioned above address in copy ofPMS Deal Confirmationin case of the following Deal Tickets:2003002053 dated 20-11-20032003002054 dated 20-11-20032003002055 dated 20-11-2003

3.COUNTERPARTY DEAL CONFIRMATIONS:(a) Deal Confirmations from the following counterparties have still to be received and filed atthe appropriate places:NAME OF COUNTERPARTYState Bank Of SaurashtraState Bank Of Saurashtra!DBI As Principal TrusteeDSP Merrill Lynch Trustee Company Pvt. Ltd.DSP Merrill Lynch Trustee Company Pvt. Ltd.ICIel Bank Ltd.HDFC Bank Ltd.Templeton Mutual FundState Bank Of HyderabadState Bank OfHyderabadState Bank OfHyderabad

DEAL TICKET NUMBER200300199820030019992003002002 .20030020442003002045200300204920030020572003002064200300206820030020692003002070

DATE05-11-2003,05-11-200310-11-200318-11-2003 .18-11-200320-11-200322-11-200325-11.200327-11-200327-11-200327-11-2003

.- - f- :':'-.


NOV03(112

SINCE RECTIFIED

SINCEI1LED

oooooo Since receivedooooooo

Lf:f· ~

'..,. ,,;....::--t

. .. ~.--.-'-. --..;;.-:. ...----...:-.:;-....-~----=--~.....- ..- --,'."-!:.---;-'~.~:"" .- ..•~~,~, -. ~

r r r r r r r r r r r ~ r ~ - ~ ~ ~ ~ 0 ~ 0 0 ~ ~ ~ ~ , , , ,

(b)Deal Confirmations ofIDBI Capital Market Services ~imi~edin respect of Deal Ticket

,;-", ~.~ .- --~-.-.-- ..~.,~"#/' -: ~.- F~ --"-.-:.'- -r ,:~ '- - ··~.~T~"'- - ..- -.- .. _.._.' -- ···_u. -=t=== _-_ :·"'iP 1,-_ .. 0_,- _~_._. / .~~~,\~')-.~ ,

-~~-:,Numbets:'2003002039 and 2003002040 dated 17-11;'2003state-'mcolToofaccnie<I interest,.:-:'-,"'andtoHi}lliiiount.Accrued interest h-asbeen stated'as'RsJ8,5g~35~rO'iristead of

_:.~_::-~:;:'~:U)·8.3$6~1(j imd'totalamoUrii has b~IUtm..ed§i~.~tt~·8)~6;'·1 Oinsiead of=,RsJ~,J~,5.8,356-16 in both the confinnations.The matter ile¥.§ !o_be,taken up with thecounterparty for getting the requisite amendments done by their authorised officials.

4.DISTRIBUTION OF TRANSACTIONS AMONGST BROKERS :The RBI guidelines for engagement of brokers stipulate that a disproportionate part of thebusiness should not be transacted through only a few brokers and aggregate contract limitsshould be fixed for each of the approved brokers. A limit of 5% of total transactionsentered into by a Bank during a year should be treated as the aggregate upper contractlimit for each of the approved brokers.Hence,care must be taken to ensure that transactionsare equitably distributed amongst the empanelled brokers throughout the year ..The statement of broker-wise exposure as on 31-10-2003 in respect of transactionsundertaken on behalf of the Central Board Of Trustees Employees Provident Fund indicatesthat the 5% limit had been exceeded in the following cases:

Name oCBroker Percentage ShareMata Securities India Private Limited 6.03Tower Capital & Securities Private Limited 5.98SBI Capital Markets Limited 5.04Further transactions during the remaining part of the year must be done taking special carethat the bulk of the transactions are routed through brokers other than those mentioned aboveand the stipulated limit of 5% of total transactions during the year is not exceeded inrespect of any broker.Otherwise.it would be necessary to report the exceeding of the limit inrespect of each individual broker to the Central Board post-facto along with the reasonstherefor:

5.SUBMISSION OF REPORTSIMEMORANDA:Yearly review for 2002-2003 had been submitted to BCCB on August 22,2003.

C-NOV 03(212)

•••••. 0;.;., •. "'.:.'.

~_~_~.8!••t·u.1f:wr.J..yf_ _ I ..... _ ---:""-:-:;~:~--:- -..-::.7:f·:·~~'~~

'The transactions are broadbasedSo as to ensure that the RBIguidelines are complied with.We have stopped transactions withthe brokers who had crossed 5%.

Half yearly review has beensubmitted to the board on 22-11-03.

~8\\7

o

(' "

r r r r r r r, Ci r- r-. ("\ r 1-' r-. r- .-, --)'l .1"') -, ') ) :)~:L_:1. __Q () :::t 0,_:) ::)

9"~ :=';:'.,::"::"._,, /~NEXtmEC '; --:±..:>~~~.~:=~,~='-- ._~:t..~.~<-..~:;;'~-:::~.r-:...

-, ... ':':"_"-'-' ---_.,_._' -'-' -' -.::... ..

PORTFOUO MANAGEMENT - DECEMBER 2003

._.·f'£~'·~77.~~;\C~ ,--';- VERIFICATIONOrJ)EAL TICKETSFRO~1q0300Z106-TO 2003002245 ,~ -

I·"-~~ . - .-- ..--'-'h .._.OBSERYATI<iNS:;:--': .....- ..--,. -. --- r P'MSREPLY7::'::~(:> I~---- ...'-_.,'1. DEAL TICKETS:(a)Mid-Office authorised signatory to also sign on the following Deal Tickets at the bottom:

2003002202 dated 19-12-20032003002203 dated 19-12-2003

(b)There is no Deal Ticket numbered 2003002l80.All deal ticket numbers should be accountedfor to prevent mis-use.

2.DEAL CONFIRMATIONS OF PMS:Name of counterparty not mentioned above address in copy ofPMS Deal Confirmationin case of the following Deal Tickets:2003002213 dated 23-12-20032003002215 dated 23-12-20032003002224 dated 26-12-20032003002225 dated 26-12-2003

3.COuNTERPARTY DEAL CONFIRMATIONS:Deal Confirmations from the following counterparties have still to be received and filed atthe appropriate places:NAMEOFCOUNTERPARTYSecurities Trading Corporation Of India Ltd.HSBC Mutual Fund .ICrCr Bank Ltd.rCICr Bank Ltd.ICICI Bank Ltd.


The Federal Bank Ltd.Indian BankIndian BankIndian Bank

DATE01-12-200301-12-200310-12-200310-12-200310-12-200310-12-200312-12-200312-12-200312,-12-2003

DEe 03(112)

._-: - '.. . ....-

Since rectified

Deal ticket is available

Sincef'lled

ReceivedReceivedRemindedRemindedRemindedRemindedReceivedReceivedReceived

NAMEOFCOUNTERPARTYAllahabad Bank


DATE16-12-2003

~~

..

~~'- -"';'.':'~,'. .::.:, ..;.

.----- ....-,-"-~.:..~'-:..~-:J:::::~~~...•• ~_--,-;;-r

~--r../r. J,.";~:\I . ,

\' ; !<~',.,/'\, ~' .? ••

~"'.,,:..'. ~.;.;..'';,.

; ... ,r- r- .-... r- r" I""' ~~~~~~~~~~~~~~~00000~

'.~'.:.~:~~~'~..- .- .,.'.:.,.. ...#- _~~T."~'~?",.:.. ....- _.-J, •. "'-' , •••~. \·~4:.:":~~~.--·!h.(l1anB~··_··'H" .-...U. • "·200300tf9o- .. .•..c-17-12;:.2003 'lGalwd'" -. ··-L .. "-...

Indian Bank 2003002197' 17-12-2003 ReeelsedIridiari'Baruc'1' .,.~'. _ 20 '30 -l98·-<-:·-·""!,:.·~. 17-12-2003 ~--e,

. melian Bank·.r:-~ .' .' e- •. ,.:;... . ..•• 2003002199 ."""'''.'-:';''. 17-=12:':2003" ',. rndran~Banic" .'" - _ ~:,. 2Q03bo2~(}::t:::;-. .:" , 17~t2;'2 03._---,,,-"'-"' -::-.......•.••""" .. ,,--.--- ._'..-,. . ,----- -•••.•...•.••...,.. --_Ql .

_.,. --- - .....Necessary follow-up needs to be done with the above mentioned counterparties so that alldeal confirmations are received expeditiously.

5.DlSTRIBUTION OF TRANSACTIONS AMONGST BROKERS :The RBI guidelines for engagement of brokers stipulate that-a disproportionate part of thebusiness should not be transacted through only a few brokers and aggregate contract limitsshould be fixed for each of the approved brokers.A limit of 5% oftotal transactionsentered into by a Bank during a year should be treated as the aggregate upper contractlimit for each of the approved brokers.Hence,care must be taken to ensure that transactionsare equitably distributed amongst the empanelled brokers throughout the year and thestipulated limit of 5% of total transactions during the year is not exceeded in respect of anybroker.Otherwise.it would be necessary to report the exceeding of the limit in respect ofeach individual broker to the Central Board post-facto along with the reasons therefor.

6.SUBMISSION OF REPORTSIMEMORANDA:Yearly review for 2002-2003 had been submitted to ECCB on August 22,2003.

C-DEC O~(2/2)

....... ,..

--'-"_.- '\~~ ':'.~-r.'!'~.;,-~t1-

""6". ... . ""~..I=keceived - .. .." .... ,..- .,;-.RecejW1 ,. . .- ':.... _".":-:-.:-:.

.--- ... ,: ::iZ.".:.!,;;.;, . .:. •. '. --..,.. ..,--::..."-" - .. _._ .. :...~.~.:..~: ..b;;:j

The tnuactlons are beingbroaddbased to ensure eompllaneewith RBI guldelJlles.

Half-yearly memorandun submittedOD 21-11-2003.

/(,';-::fJ----'·,~::~~·~··\;:, ;,~ .i! .' .•',

t '., ,.' ''''';,i/'j-t.\, <.'.

~..:.:..:~-C:~:.

4. INVESTMENT NOTES:Investment Note No. 2003000840 dated 26-12-2003 for investment ofRs. 50 crores at 5.6%quarterly compounded fixed deposit for 180 days with Bank Of Maharashtra has to be filed I Since filedat the appropriate place for perusal and record (DT 2003002220 dated 26-12-2003),

so

•.", ··'1

r (' r r 1""" /'"", r- r r: t"", ,~ ("",,-" ~~0 ~~ 0 0 ~ .~~ 0 ~ ~ 0~--.--.-.-.~.

J )

~\NNEXURE C~ PORTFOLIO MANAGEMENT - APRIL 2004

VERI FICATlON OF DEAL TICKETS FROM 2004000400 TO 2004000531OBSERVATIONS

PMSREPLY

1. DEAL TICKETS:(a) Mid-Office authorised signatory should also sign on the following Deal Tickets at the

bottom: SINCE SIGNED

2004000487 dated 24-04-20042004000488 dated 24-04-2004

(b) Dealer should also sign on the following Deal Tickets at the bottom: SINCE SIGNED2004000486 dated 23-04-2004

(c)There is no Deal Ticket numbered 2004000502 on record at the appropriate place.SINCE TRACEDAll deal ticket numbers should be accounted for to prevent mis-use.

2.DEAL CONFIRMATIONS OF PMS: AND FILED

(a) Name of counterparty not mentioned above address in copy ofPMS Deal Confirmationin case of the following Deal Ticket: SINCE CORRECTED2004000529 dated 30-04-2004

(b)The filed copy of the PMS deal confirmation should also be authenticated by the authorisedSiNCEsignatory of mid-office in the case of the following Deal Ticket: AUTHENTICATED2004000419 dated 10-04-2004

(c) The deal confirmations ofPMS in respect of the following deals were originated on12-05-2004 (as per the date appearing on each of them at the top right) although the relative DUE TO NETWORKtransactions were concluded several days earlier: ERROR THE DEAL

2004000405 dated 05-04-2004 CONFIRMATIONERROR COULD2004000416 dated 07-04-2004 NOT BE PRINTED.

2004000417 dated 08-04-2004 OFFICE COPIES2004000418 dated 10-04-2004 WERE2004000422 dated 10-04-2004 SUBSEQUENTLY

2004000432 dated 13-04-2004 TAKEN AND FILED

2004000437 dated 16-04-2004 WHILE THEORIGINALS HAVE

2004000488 dated 24-04-2004 BEEN SENT TO THE

l2004000495 dated 28-04-2004 COUNTERP ARTIES.2004000503 dated 29-04-20042004000504 dated 29-04-20042004000505 dated 29-04-2004

C~APR04 3

. r.".',",'

:.1.:

'.t'h " W''J.".\t'

J , •.

.'/d.~~,

,4:Q,,' ,.C

1~1" .,::',')lQ .',<.Oi ~' ...i.l,/'K{! : ;;' ,,;'.\oft ~'<faU ":' ..jtq ""j,\,:.

f, G <'. ;,':M~ ,I ,:, ~'i:

£<\1:.;1",.?nl :':"·;tP ...',:, iV ") t,1l~ II ·\'h ":';

At '.;,.;..git ',1.""':'"dr& l'(,;:,,

Stl ;",...'lI~ :<')ta( 1:-·,)tat ~':','St8 ~;:'")rac ;;'"la;P :';;~::;a F l.'''':'

!,)"l

\?v..••. .::=.. .: , ':~:;r;;; Qb'ila "'~'.O:;;"

'1i1\lIh:l,'

'1.;;.: :;,,)!ti," , ...;I,\,~I

~.i ~t~).,~~: ,J'~"~\.'.

;':(~';J'D\,.:).: "1'1% N<-. :..:~A,,'. \6-.5% 1'.,':''I'!.lJ.;, ".$W,Iil~r

.". 9% BOl. ,,:·'i.tl"l~ :,':mB'<Jn;,', Jfil1bI;·,.;lJ.?I~f·

: ': ':',1" ¥jt.~::·itllll_~1("'·.v,'·l.!!IIII~:~"4iM%·B·, ·.;l ,t.tJ~:li:; !t~Q;mi.)l'

,,;~W!I.A.', "'l"W;il~"., .~.".:~)liIlhHltt(O"~.M4i;~

","l •.!/vWC,H:It!d(.! % 1,1 \. ">" ..:{Jtll!··..'irfls::;lgit"'::'.";':':,Ii:I,\U!I,.'! ll%43bl

';:"::.,,.t:,:~~\Q:r~'l\~l)IiI"Ron",',,·'·:(.tM, 11%, Bon., '..~·.!\t{t.V':··'~P~tr{!~·

:i·i.I~.I·.I1"" 11% Ass:, :',: ':;;". ' .. ~ ,1lip3',Mac'd.'~i.: 1 1% Bih;' ... !'". '~ll % Bih:, ';'" "H % Orit"-",,. .' 1\1~ UttD.:../.., 11'%:Ma(

i.' .".":' ].:l%'Macl

.••....•••.•. ~.: ··,.,'M ...• "~w':

,"""""" r--- ,- r- r r rr """"I"'''"'''' r" I'" ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ " ~ ~ ~ ~, ~

~----------------~~--------------------------------------~-------------,2.004000508.dated 29-04-2004200400(;15I5 dated 29-04-20042004000517 dated 29-04-20042004000526 dated 30-04-20042004000529 dated 30·04·20042004000530 dated 30-04-20042004000531 dated 30-04-2004Care should be taken to ensure that PMS deal confirmations are originated and sentto theconcerned counterparties on the date of transaction itself.

3. INVESTMENT NOTES:The following Investment Notes have stilI to be filed at the appropriate place for perusal andrecord:2004000280 dated 21-04-2004 for investment ofRs.l23 crores in 5.6% Assam SOL 20142004000281 dated 21·04-2004 for investment ofRs 210 crores in 5.6% Bihar SOL 20142004000289 dated 23-04-2004 for investment ofRs. 290.04 crores in 5.6% UP SOL 2014


NAME OF COUNTERPARTYAllahabad BankAllahabad BankAllahabad BankAllahabad BankAllahabad BankAllahabad BankUnited Bank Of IndiaUnited Bank Of IndiaBank OfMaharashtraBank Of MaharashtraBank Of MaharashtraUTI Bank Ltd.UTI Bank Ltd.UTI Bank Ltd.UTI Bank Ltd.PNB Gilts Ltd.PNB Gilts Ltd.

DEAL TICKET NUMBER20040()04002004000401200400040220040004032004000404200400040520040004062004000407

, 2004000430. 2004000431200400043220040004972004000499200400050020040005012004000519

, 2004000520

DATE02-04-200402-04·200402-04-200402·04-200402-04-200405-04-200405-04-200405-04-200413-04·200413-04-200413-04-200429-04·200429-04-200429·04-200429-04·200430·04-200430-04-2004

C-APR04~~1

FILED AT THEAPPROPRIATEPLACE.

52.

RECEIVEDRECEIVEDRECEIVEDRECEIVEDRECEIVEDRECEIVEDRECEIVEDRECEIVEDRECEIVED

RECEIVEDRECEIVEDRECEIVEDRECEIVEDRECEIVEDRECEIVEDRECEIVEDREMlNDEDRECEIVEDRECEIVED

rOI

.

•

,.

-, ,,-. ,r" ,.-... - ~ - - - - - - - - ~ ~ ~ ~ ~ ~ ~ ~ ~ ~

NAME OF COUNTERPARTY DEAL TICKET NUMBER DATEPNB Gilts Ltd. 2004000521 I 30-04-2004PNB Gilts Ltd. 2004000522 30-04-2004PNB Gilts Ltd. 2004000523 30·04·2004PNB Gilts Ltd. 2004000524 30-04-2004PNB Gilts Ltd. 2004000525 30-04-2004PNB Gilts Ltd. 2004000526 30·04-2004PNB Gilts Ltd. 2004000527 30-04-2004PNB Gilts Ltd. 2004000528 30-04·2004Sahara India Financial Corporation 2004000529 30-04-2004


RECEIVEDRECEIVEDRECEIVEDRECEIVEDRECEIVEDRECEIVED.RECEIVEDRECEIVEDRECEIVEDREMINDED

ANNUAL REVIEWWILL BESUBMITTED TOECCB BY 30-06-2004.

5.SUBMISSION OF REPORTSIMEMORANDA:Yearly review for 2002-2003 had been submitted to BCCB on August 22,2003.Half-yearly review for the half-year ended 30-09-2003 was submitted to the ECCB on22-11-2003.Yearly review for 2003-2004 is under process.

C-APR 04 (3/3)

55

•.001

•

j~

, ,1.'

...-:.

r:rr-r·rrrrr(

(

(

(

(

(

c(

(

(

(

(

(

(

(

c(

(.

l

l

l

(

l

l

-

Dear Sir,

ifiN Pcnwr, CfiI<4l{t ~, lB' ~ Di. 12,

1jarf-400 021.Treasury Department, Corporate Centre,Post Box No. 12, Mumbai-400021.~/Fax: 2204 5468 12202-8-n9 12286 8220m/Telegram : APEX

THE REGIONAL PROVIDENT FUND COMMISSIONER ( INVST)EMPLOYEES PROVIDENT FUND ORGANISATIONBHAVISHYA NIDHI BHAVAN, 14, BHIKAJI CAMA PLACE,NEW DELHI -110066

01.11.2004 /JV~~p-

fl ~ ~=:r.~ I '( (1 t!fI '(--GG ~ '-fi

State Bank of India

L~. Sfi"Tricn / No.

TRY/ PMS/15~G .~/Date:

IDLE FUNDS STATEMENTS FOR THE PERIOD:16.10.2004 TO 31.10.2004

We forward herewith the abovementioned statement for your kindinformation. The average idle funds for the period were Rs. 0.16 crore.

Yours faithfully,

for~~eral~anager(PMS & CS)

cr:c-nc("'

c:r:ccccccccc(

(

(

(

(.

(

(

(

(

EPFO MAIN ACCOUNT I .IDLE FUNDS STATEMENT FOR THE PERIOD 16.10.04 TO 31.1,0.04

DATE OPENING INVESTMENTS MADE YTM AMOUNT/ VALUE CLOSINGBALANCEI OATE BALANCERS.CRORE ( % ) RS.CRORE 'RS.CRORE

16/10/04 I0.89 10.52% UP SOL 2010 7.2500 11.96 16110/04

9.40% PUNJAS SOL 2011 7.2506 3.38 16110/0415.34 -14.45

17/10/04 1.06 SUNDAY1.06-

18/10/04 1.06 9.45% ORISSA SOL 2011 7.2500 5.60 18/10/04 -4.5419/10/04 2.29 5.05% SSI FD FOR 106 DAYS 5.0500 19.00 19/10104 -16.71MAT. 02/02/05-20/10/04 0.3i" 5.15% S88J FD FOR 106 DAYS 5.1500 30.00 20110/04MA.T 03/02/05

5.05% SSI FD FOR 85 DAYS 5.0500 35.00 20/10/04MAT. 13/01/05

89.60 -89.23

21/10/04 0.80 5.05% SSI FD FOR 82 DAYS 5.0500 29.30 2tl10104MAT. 11101105

5.05% 581 FD FOR 106 DAYS 5.0500 80.00 21110104MAT. 04/02/05

109.30 -108.50

22110/04 0.08 HOLlDAY(DASHEHRA) 0.08

23/10104 0.08 5.05% 581 FD FOR 97 DAYS 5.0500 50.00 23110/04MAT. 28101105

5.05% S81FD FOR 116 DAYS 5.0500 3.00 23110/04MAT. 16/02/05

53.00 -52.92

24/10/04 0.22 SUNOAY - 0.22

25/10/04 ·0.22 NO TRANSACTIONS 0.22

26/10/04 13.66 6.95% MP SOL 2013 7.2500 13:00 26110/04

5.15% SBBJ FD FOR 98 DAYS 5.1500 10.00 26/10/04MAT. 01/02/05

23.90 -10.24

27/10104 2.82 12% MAH SOL 2011 7.2000 1.72 27/10104

11.50% 81HARSOL 2011 7.2508 1.57 27/10104

11.50% KARNTAKA SOL 2011 7.2508 1.89 27/10104

11.50% ORISSA SOL 2011 7.2508 1.45 27/10104

12% SIHAR SOL 2011 7.2500 1.26 27/10/04

12% J & K SOL 2011 7.2500 126 27/10/04

12% ORISSA SOL 2011 7.2500 1.26 27/10104

, 12% RAJASTHAN SOL 2011 '7.2500 126 27/10104

,~r~10.82% CHHAT. SOL 2011 7.2512 1.20 27/10/04r;;l~.CS.,

10.35% U P SOL 2011 7.2509 2.41 27/10/04 I!I~

~ ....•.•..

\.,,

, ...

;-.

rc.('

('

occ-CcCCC

C

CCrCc(

(

(

l

t(

(

(

lL

l

l

l\.

"

10.35% JHARKHANO SOL 2011.

7.2509 1.21 27/10104

10.35% MAHA. SOL 2011 7.2509 3.t4 27/10/04

10.35% CHHA T. SOL 2011 7.2509 2.41 27/10/04

10.35% W B SOL 2011 7.2509 1.21 27/10/04

10.82% UP SOL 2011 7.2512 6.01 27110/04

10.82% ASSAM SOL 2011 7.2512 1.20 27110/04

10.82% BIHAR SOL 2011 7;2512 1.20 27/10/04

7.80% M P SOL 2012 7:2500 3.10 27110/04

10.82% KARNT.SOL 2011 7.2506 2.10 28110/04

10.82% JHAR.SOL 2011 7.2506 1.93 28110/04

9.40% PUNJAB SOL 2011 7.2493 2.36 28110104

12% TAMIL NADU SOL 2011 7.2500 2.53 27/10/04

10.82% RAJASTHAN SOL 2011 72512 1.66 27110104

45.44 -42.62

28/10/04 3.23 5.10% SBl FO FOR 76 DAYS 5.1000 50;00 28110104

MAT. 12101105

5.10% SBI FO FOR 82 DAYS 5.1000 20.25 28110104.

MAT. 1810110570.25 -67.02

29/10/04 0.08 5.10% SBI FD FOR 53. DAYS 5.1000 24.45 29/10104 -24.37

.' MAT. 21/12104

30/10/04 0.06 5.10% S81 FO FOR 67 DAYS 5.1000 49.70 30110104 -49.64

MAT. 05/01105

31110/04 0.09 SUNDAY0.09

Average Idle Funds for the period 16110104 to 31/1012004=Rs 0.10 Crore

rr:c:r:c('

cr('

cc(

c(

cc(

(

(

(

(

l

(

(

(

(

tl

l

\

l

\.

DATE

EPFACCOUNTNO.11 I, .LIDLE FUNDSSTATEMENTFORTHE PeRIOD 16.10.04TO 31.10.04

0.22

0.22

0.76

0.29

1.94

0.01

0.01

0.12

0.12

BALANCE DATE

17/10/04

18/10/04

19110104

20/10/04

21710104

22110/04

23/10/04

24/10/04

25/10/04

3.67I

10.52%UP SDL 2010 72501 17.95 16110/04

I9.40%PUNJABSDL2011 72506 2.43 16110/04

SUNDAY

OPENING INVESTMENTSMADE YTM AMOIJN"VALUE

Rs. CR.) ( % Rs. CR.

CLOSINGBALANCERs. CR.)

16/10/04

9.45%GUJRAT SDL2011 72501 5 92• • 16110[04

26.30

I12.15%WEST BENGALSDL2008 7.2500 12.09 18110104

10.52%UP SOL2010 7.2500 5.99 18110104

10.52%GUJRATSOL2010I

7.2500 11.91 18110104

7.2500 . 6.05 1811010412.1S%-GUJRATSDL2008I

12%M P LOANSDL2011 72500 15.13 18110/04I

-22.63

0.22

12%U PSOL2010 7.2500 12.33 18110/04

I63.5fi

11%UPSDL2010 7.2500 8.22 19/10104I

10.50%CHATISGARHSOL2011 .72511 3.52 19110104

10.50%J & K SOL2011 7.2511 1.17 19/10104

I. 10.50%WEST BENGAl.SDL2011 7.2511 2.35 19/10104

10.50%ORISSASOL2011 7.2511 2.35 19/10/04.I

I10.50%M P SOL 2011 7.2511 2.35 19110/04

5.05%SB/ FD FOR 106DAYS 5.0500 37.00 19/10/04

-63.34

MAT.02/02/05I 56.96 -56.20

I

5.0500 15.00 20/101045.05%SBI FD FOR 85 DAYSMAT. 13101/05

-14.71

5.0500 41.90 21/10/045.05%SBI FD FOR82 DAYSMAT. 11101/05

40.96

IHOLlDAY{DASHEHRA)

I5.05%SBI FD FOR 111DAYS 5.0500 50.00 23110104MAT.11/02/05

r5.05%SBI FD FOR 116DAYS 5.0500 74.30 23110/04

0.01

MAT. 16102105124.30 -124.29

SUNDAY 0.12

NOTRANSACTIONS 0.12

MAT.07/12104 .I~~~~ ~.1'5.10%UNITEDBK. FDFOR 930 5.1000 25.00 26/10/04 ~ A ~

4r ~,.£:,

rc:r:r-('

cccc('

c(

ccCr(

(

(

(

<-

l

(

(

(

(

tl

l(.

~

l

l

DATE

EPFACCOUNT NO.11 I I· ,IOLE FUNDS STATEMENT FOR THE PERIOD 16.10.04 TOl1.10.04

OPENING INVESTMENTS MADE YTM AMO~N' VALUEBALANCE DATEi(Rs. CR.) 1% !(Rs. CR.

16/10/04 3.67 10.52% UP SOL 2010

CLOSINGBALANCERs. CR.)

7.2501 17.95 16110104

9.45% GUJRAT SOL 2011 7.2501 5.92 16110/04

9.40% PUNJAB SOL 2011 7.2506 2.43 16110104

SUNDAY17110/04

18110104

0.22

0.22

26.30 -22.63

0.22

I12.15% WEST BENGAL SOL2008 7.2500 12;~ 18110104

10.52% U P SOL 2010 7.2500 5.99 18110104

10.52% GUJRAT SDl2010I

7.2500 11.97 18110104

7.2500 6.OS 18110104. 12.15% GUJRAT SOL 2008I

12% M PLOANSOL 2011 7.2500 15.1l 18110104

19/10104 0.76

12% U P SOL 2010I

7.2500 12.33 18110104

7.2500 8.22 191101041

11% U P SOL 2010

63.56 -63.34

110.50% CHATISGARH SOL 2011 '7.2511 3.52 19110104

10.50% J & K SOL 2011 7.2511 1.17 19110104. I

I10.50%WEST8ENGALSDl2011 7.2511 2.35 '19110104

I10.50% ORISSA SOL 2011 7.2511 2.3519/10104

10.50% M P SOL 2011 7.2511 2.35 19/10/04

MAT. 021021055.05% SBI FO FOR 106 DAYS 5.0500 37.00 19/10104

-56.2056.96

20110/04 0.29

I

5.0500 15.00 201101045.05% S81FO FOR 85 DAYSMAT. 13101105

-14.71

21110/04 1.94 5.0500 41.90 21/10/045.05% S81FO FOR 82 DAYSMAT. 11/01/05

'.-40.96

22110104

23/10/04

0.01

0.01

IHOLlOAY(OASHEHRA) 0.01

5.0500 50.00 23/101045.05% S81FD FOR 111 DAYSMAT. 11102105

5.05% S81FD FOR 116 DAYS 5.0500 74.30 23/10/04

-124.29MAT. 16102105

124.30

1--'2;;;.;6::.../1;..::0:..:104~_-=2.::.:6.~16~_--+:4,:.o'7:,.;5:::%=:,U.;:;;B;:::I~F,;:.O~F-=O:.:..R~4:.=2;..::D:.:..A~Y-=,S__ t-..:.4;.;...7.::.:50;;,:0f--=2.::.:5.:.:..00=t--'2;;;.;6/;:...1:..:0/;,.;:04-+-__ -ee ~_2UN~"V

MAT.07/1f04 : ~~~ ~l5.10% UNITED 8K. FDFOR 93 D 5.1000 25_00 26/10/04 ~\ 0A,. ,./

./ ~~::,.

24/10/04

25110104

0.12

0.12

SUNDAY

NO TRANSACTIONS

0.12

0.12

crr:rrrrcr(

crr(

(

(

(

(

(

l

l

(

(

IEPF ACCOUNT NO. 25 I IIDLE FUNDS STATEMENT FOR THE PERIOD 16.10.2004 TO 31.10.2004

DATE OPENING INVESTMENTS YTM AMOUNT VALUE CLOSINGBALANCE MADE DATE BALANCEIeRs. CR. % I(RS. CR.) I(RS. CR.)

16/10/04 0.04 9.40% PUNJAB SOL 2011 7.2506 0.96 16/10/04 -0.92

17/10104 0.14 SUNDAY - 0.14

18/10/04 0.14 NO TRANSACTIONS 0.14

19/10/04 0.20 5.05% sal FD FOR 106 DAYS 5.0500 2.50 19/10/04 -2.30MAT. 02102105

20/10/04 0.03 NO TRANSACTIONS 0.03I

21110104 0.71 5.05% S81FD FOR 82 DAYS 5.0500 2.50 21/10/04 -1.79MAT. 11/01/05

22110104 0.03 HOLlDAY(DASHEHRA) 0.03

I23/10/04 0.03 5.05% S81FD FOR 116 DAYS 5.0500 4.70 23110104 -4.67

MAT. 16/02105

24/10/04 0.02 SUNDAY 0.02


26/10/04 0.87 5.15% SBBJ FD FOR 98 DAYS 5.1500 1.00 26/10104 -0.13

MAT. 01/02105I

27/10/04 0.59 7.80% GUJRAT SOL 2012 7.2500 4.13 27110/04 -3.54

28/10/04 0.24 5.10% S81FD FOR 82 DAYS 5.1000 1.70 28'(10104 -1.46

MAT. 18/01/05I

29110/04 0.03 5.10% SBI FD FOR 53 DAYS 5.1000 0.40 19110104 -0.37

MAT. 21/12104

30110/04 0.02 5.10% S81FD FOR 67 DAYS 5.1000 1.33 30/10/04 -1.31

MAT. 05101/05

31/10/04 0.09 SUNDAY0.09

Average Idle Funds for the period 16110104 to 31/10/2004=Rs .03 Crore

c:C'r-o~

c.CrCcCcr(

(

r-(

Cc(~,( \

c<)1~C~\\~~tc.cC

L

L

L

C

l

i

cql{rilq • fq;

State Bank of India

~ Rnntr. q;1(i4"~ ~. q;r q.zy $Ii. 12

t-rf -400 021.Treasury Department, Corporate Centre,Post BoX No. 12, Mumbai-400 021.

~ IFax: 2204 5468 I 2202 8779 I 2286 8220m/Tel~gram : APEX . l \. '~

~\J..,.v"/

~

1-\;~~/Date: ~~19.10.2004 ~" ...

THE REGIONAL PROVIDENT FUND COMMISSIONER ( INVST)EMPLOYEES PROVIDENT FUND ORGANISATIONBHAVISHYA NIDHI BHAV AN, 14, BHIKAJI CAMA PLACE,NEW DELHI - 110066

L\iJT. ~ I No.

TRY/ PMS/I~~g

Dear Sir,


We forward herewith the abovementioned statement for your kindinformation. The average idle funds for the period were Rs. 4.62 crore.

Yours faithfully,

for~eneral Manager(PMS & CS)

('

n(":

('.

0;oocC'CCCCCCcC(

IC

(

(

(

(

(

(

C(

L

l

l

l

l

DATEIDLE FUNDS STATEMENT FOR THE PERIOD 01.10.04 TO 15.10.04:!OPENING INVESTMENTS MADE YTM AMOUNT· "~UeCLOSINGBALANCE f OAtE BAlANCIS;

,

01/10/04,

-157.85

5.05% SBI FO FOR97 DAYS

.'

RS.CRORE ( %) RS.CRORE RS.CRORE

0.07 5.0500 1()8.60 01110/04rMAT.06l01/0S -108.53

02110/04 3.82 HOLlOAY(GANOHI JAYANT/)

03101/04 3.82 $lINQAY

3.82

04/10/04 3.82 5;Q5%SBIFD FOR 66 DAYS

3.82

5.0500 ,-, 109,80 04110104MAl. O~I12104

$.Q5%SBI FD FOR:46 OAYS ' 5.0500 130;00 O4lto/04

-235.98

MAT.19111/04 '239.80

05110/04-11.270.03 5.05% SB' FO'FOR60 DAYS

MAT. 04/12104'5.0500 11.30 05110104

06/10104 0.09 11% AP SOL 2010

12,2$% (jP SOL 2009

H.8()c% AP SQl2010

5.05% S61FQ FOR 62 QAY$

'.

7.2009

7.2007

7.2004

5.0500

1.$3 06/1Ml4

0.46.06IfQ1Q4

75.00 O6ItOl04MAi.07l12104'

5.05% S81FOFOR 500AYS,

5.0500 41.00 06J10J04

07/10104 0.23 7.00% BIHAR SOL 2012

7.80% JHARKHANO SOt ~012 7.2000

7.80% H PSOL2012 " 7.2000

7.80% CHHAi"ISGARH SOL 12 7.2000

7.80% UP SOL 2012 7.2000

7.2000 3.14 07/10/04

f.05 ''07/10414-

3.28 07/10/04

1.05 07110104

5.05 07L101M

7.80% ORISSA SOL 2012 ' 7.2000 4.99 07/10/041&.56 -18.~

21.13

,~~,

, --, .-~--,.~ ..

\:

EPFACCOUNT NO.11 I 1/ -IDLE FUNOS STATEMeNT FOR THE PERIOD 01.10.04 TO 15.10.04

DATE OPENING INVESTMENTS MADE' YTM ANiOUN VALUE CLOSINGBALANCE DATE BALANCe[(Rs. CR.) (% fiRs. CR; IfRs,-CR.).,

01/10/04 0.04 5.05% SBI FO FOR 77 DAYS 5.0500 125.00 01/10/04MAT. 17/12104

I5.05% SBI FO FOR 97 DAYS 5.0500 15.70 01/10104MAT. 06/01/05

I 140.70 -140.66I

02110/04 0.06 HOLlDA't{GANDHI JAYANTI) 0.06

03110/04 0.06 SUNDAY 0.06.. --. ~.04/10/04 0.06 7.80% BIHARSD1,.2012 7.2004 1.07 04110/04

I7.80% RAJASTHAN SOL 2012 ·1:2004 3.21 04(10/04

I7.80%HARYANA 501. 2012 7.2004 1.07 04/10/04

I7.80% OR/$$ $01..2012 7.2004 1.07 '04110104

I7.80% UP SOL 2012 7.2004 3.21 04110104

~.

7.80% CHHAT.lSGARSH SOL 2012 7.2004 1.0,7 '04/10/04- J-

.'. 5.05% SBt FO FOR 66 DAYS 5.0500 22.30. 04110/04MAT. 09/12lO4 .'

1 ' 33.90 -3,~I ..

05110/04 0•.01 10~52%TRIPURASDL 2010 7.2000 2.a1 05140104I

9.40% GUJRAT SOL 2009 7.2000 2.76 05110/04I.

5.0~%SBIFDFOR 60 DAYS 5.0l)QQ 32.70 05110/04MAT. 04112104

I 38.27 -38.26

06/10/04 0.10 5.05% S81 FO FOR 50 OAYS 10.4000 10.40 06/10/04 -10.30MAT. 251110/04

. I07/10/04 0.03 NO TRANSACTIONS 0.03

I08/10/04 16.77 NO TRANSACTIONS 16.77

09/10/04 69.98 10.35%A P SOL 2011 7.2000 60.;31 ·09/10/04,-,

10.35% JHARKHANO SOL 2011 7.2000 36.18 09/19104

12% elHAR SOL.2011 7.2000 63.09 09/10/04I

12% AP SOL 2011 7.2000 18.93 09110104

12% ORISSA SOL 2011 7.2000 44.1-6 0$/10/04

12% U P SOL 2011 7.2000 63.09 0$/10/04

7.80% GUJRAT SOL 2012 7.2001 1.84 09/10/04287'.60 -217.62

10/10/04 3.17 SUNOAY 3.17

11/10104 3.17 10.35% UP SOL 2011 7.2500 60.20 12/10/04

®11.50%WEST BENGAL SOL 2011 7.2500 25.06 12/10104 .':'1 PMS,"cs ');.'r,; '" •• BURY -~J

b2. .~ DEPT. ~.

~"'tI'9 ~~~entra.

rcrrc:c:ccr:c:ccr:ccccC'

C- .-c

ccc(

. ~- C

C(

L", ::,

L

l

l

l

~.

«c:00(',

0oc('

cccc .c(

c(

(

(

r"-

\.

10.35% WEST BENGAL SOL 2011 7.2500 36.12 12110lO4I

10.35% MAHARASHTRA SOL 2011 7\2500 21.67 12110/04I 143.05 -139.88

12110/04 2.33 9.45% U P SOL 2011 7.2500 22.39 12110/04I

10.35% U P SOL 2011 7.~493 60.20 121101104

10.35% BIHAR SOL 2011 7.2493 54.18 12110104I

10.35% W BENGAL SOL 2011 7.2493 3.61 12110/04140.38 -138.05

I13/10/04 8.55 HOLlOAY(ELECTION) 8.55

I14/10/04 8.55 . 9.40% MAHARASHTRA SOL 2011 7.2~ 6.90 14/10/04

I8.30% JHARKHANO SOL 2012 7.2500 3;2-3 14/10/04 .

I8,30% W BNEGAL SOL 2012 7.~5QQ 4.30 14/10/04

I6.30% GUJRAT SOL 2012 7.2500 1.08 14/10/04

c.10.35% UTTRANCHAL SOL2011 7.2~ 9.01 14/10/04 .

I7.80% M P SOL 2012 7.2505 2.14 14/10/04

27.26 -18.71

15110/04 5.35 10.82% BIHAR SOL 2011 7.2513 36.00 15110/04I

8.30% WE SOL 2012 7.2504 24.75 15/10/04

8.30% ORISSA SOL 2012 7.2504 26.90 1511·0/04

9.45% W BENGAL SOL 2011 7.2503 4.17 15/10/04I

9.45% A P SOL 2011 72503 2.24 15110/04

9.45% U P SOL 2011 7.2503 10.14 15110/041

9.45% J & K SOL 2011 7.2503 2.24 15110104

9.45% HARYANA SOL 2011 7.2503 4.06 15110104HO.50 -105.15

Average Idle Funds for the period 01/10104 to 15/10/2004=Rs 1.91 Crore

63

1

1

·11

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1I

Average Idle Funds for the period 01/10/04 to 1511012004=Rs 2.03 Crore

(

(

(

crc:t:

rrccccc(

(

(

(

(

(

c(

(

(

c(

10/10/04 1.06 SUNDAY .1.06

11/10/04 1.06 8.30% U P SOL 2012 72503 19.36 11/10/04

8.30% HP SOL 2012 7.2503 2.1 5', 11/10104

7.80% .PUNJAB SOL 2012 7.2500 1.46,11110104"

8%BJHAR SOL 2012 7.2514 5.24 ,11110104

8% J &K SOL 2012 .7.2514 1.05 11/10104

8% ORISSA SOL 2012 7.2514 3.93 111/10104

8% JHARKHANO SOL 2012 7.2514 2.10 11110/04,

8% UPSOL2012 7.2514 10.49 11/10104

7.80% GOA SOL 2012 7.2500 1.01 U/10/04,

7.80% HARYANA SOL 2012 7.2500 2.02 11/10/04

7.80% HP SOl 2012 7.2500 2.14 111toJ04.

11 .50% ORISSA SOL 2011 7.2500 25;06 12110/04 .'11.50% U PSOl2011 7.2500 25;06 1U10104

7.80% BIHAR SOL 2012 7.2500 3.20 1M10104

7.80% CHHAlSGARH SOL20f2 7.2500 1.07 11/~0I04

7;80%QRISSA SOL 2012 7.2500 2.14 11I101M

11.50% BIHAR SOL 2011 7.2500 31.33 1211()lO4

7.80% uTTRANCHAL SOL 2012 7.2500 1.07 11/10/04~139.94 -t3B.88

12110/04 0.26 10.35% W BENGAl SOL 2011 7.2493 21.07 12110104 -20.81

13110/04 0.63 HOlIOAY{ElECTION) 0.63

14/10/04 0.63 8.30% CHHATtSGARSH SOL 12 7.2500 3.23 14110104

7.80% MP SOL 2012 7.2507 3.21 141101046.44 -5.8.1

15110/04 t.20 8.30% ASSAM SOL 2012 7.2504 21.52 15110104 -20.32., ,

~.

l

~,-- ..----'

(')

()

oocor:cccCc('

c(

(

cc(

ccc

IEPF ACCQUNT NO. 25 I IIDLE FUNO$ STA,1EMeNTFOR THE PERIOD 01.10.2004 TO 15.10.2004

DATE OPENING INVEStMENTS YTN! .' AMOUNT ¥Pi ,..UE CLOSINGBALANCE [MAPS '.. . DAIl"E IiW...ANCE:lRs.CR. % r(RS. CR.) IUtS.CRJ

01/10/04 O.O~ 5.0$% SBI F"OFOR 97 DAYS 5.0500 3.00 01/10104 -2.97MAT. 06101/0$

[02110/04 0.06 HOLIDAYCGANDHIJAYANTI} 0.06

'.03110/04 0.06 SLJNDAY 0.06

04110/04 0.06 5.05% 561 FO FOR 66 DAYS 5.0500 1.75 04110104 -1.69MAT.'p9/12/04

·1·· •.

r ,.

05110/04 0.06 5.05% 581 FO FOR 60 DAYS 5.0500 0.70 05110104 :0.64MAT. 04112104

06/10/04 0.18 5.05% 581 FO FOR 50 DAYS 5.0500 0.60 06110/04 -0.42MAT. z57f1/04 "

07110104 0.31 NQTRANSACTIONS 0.31I


r09/10/04 6.10 7.80% W. a~NGAL 8P1- 2,012 7.2001 3.26 09/10/04

.J. "

".

7.80%KERALA SOL 2012 7.2001 1.86$.12 0.98

10/10/04 1.75 SUNDAY1.75

11/10/04 1.75 .. lO.3S% ~HTRASOL 11 7.2500 14A5 1211Q104I

11.50% BIHAR SOL 2011 7.2500 6.27 12110f04

I 20.72 -18.97

-1;3412110/04 7.69 10.35% W BENGAL SDL 2011 7.2493 9.03 12110A04

13/10/04 0.54 HOLlOAY(ELECTION} 0.54.,


15/10/04 0.54 9.45% U P SOL 2011 7.2503 1.06 15/10/(14 -0.52.'

I

Average Idle Funds .for the period 01/10/04 to 15/10J2004=Rs 0.68 Crort

c. . Ir (

'.f'{ ""~ 71 ~!i ~i; -: '3~r"IHd)!I ~. ~ ~~, -Z~.~;,;. 12, c~-£0021. . ~

• Treas ry Department, Corporate Centre,State Bank of India· Ppst,oxNo.12, Mumbai-4,OO021. C~/fax. : 2204 5468 12202 8779/2 ...286 8220 ClIR/T~legram : APEX, '~ .

T!:" REGIONAL PROVIDENT FUND COMMISsioN/l:R ( INVST) pc ~ ~EMPLOYEES PROVIDENT FUNDORGANISATION I "/' 0/

BHAVISHYANIDHiBHAVAN, 14,BHIKAJI CAMAP~ACE,. ,\J ~.~) \ v C~EWDELHI-ll0066 y~~/'~..~ C~ ~ 1~~11U ~

••..'"'"'"I No. TRY/ PMS/13~\', ~ I Dat. , 0 l.l 0.2004 ~ Cb C

Dear Sir, ,\" y-..C«-.(tr" C

.,.•IDLE FUNDS STATEMENTS FOR THE PERIOP :16.09.20,04T030~09.2004 .

We forward+herewith the abovementioned statement for your kihdinformation. The average idle funds for the periodwere Rs, 0.10 crore.?

-:~:>,-

(

C(

(.I

(

(

<..

CCC.

C

L

C.

L

L

(.

Yours faithfully,

for ~eral Manager(PMS&CS)

r:cooococcocccccC'

~

(

CCCCC

EPFO MAIN ACCOUNT

'"IDLE FUNDS STATEMENT FOR THE PERIOD 16.09.0j_ TO 30.09.04DATE OPENING INVESTMENTS MADE YTM AMOUNT VALUE CLOSING

BALANCE \ DATE BALANCERS.CRORE ( % ) ·~S.CRORE RS.CRORE

!

16/09/04 0.38 NO TRANSACTIONS i 0.38\

17/09/04 20.53 4.75% S81 FD FOR 55 DAYS 4.2500 60.50 17109/04 - -39.97MAT. 11111/2004 '.

I

18/09/04 0.10 HOLlDAY(GANESH CHATURTHI) 0.10,

19/09/04 0.10 SUNDAY 0.10i

20109/04 0.10 4.75% SSI FD FOR 93 DAYS 4.7500 J 13.00 20/09/04 "'12.90MAT.·22112/04

21109/04 0.05 4.75% SSI FD FOR 93 DAYS 4.7500 20.85 21/09/04 -20.80MAT. 23112104

22/09/04 0,03 4.75%5BI FD FOR 66 DAYS 4.7500 ,11.15 22109104 -41.12MAT. 27/11/04

23/09104 0:26 4.15%SSfFDFOR 75 DAYS 4.t500 4.60 23/09/04MAT. {)7/121Q4 .

4.75%SBtFOfOR77 DAYS 4.7500 ,26.00 '23/09/04MAT. 09/12104

SO.60 -30.34

24/09104 0.10 NO TRANSACtIONS 0.10.25/09/04 10.89 5.05%SSI FO.FOR 80 DAYS 5.0500 &0.40 25/09/04 -39:51

MAT. '14112/04

26/09/04 0.02 SUNDAY 0.02,

27/09/04 0.02 5.05% S81 FD FOR 80 DAYS 5.0500 2~.80 27/09/04 -20.78MAT.1en2l04

28109/04 o.os 8% M P SDL2012 7.0700 1&.85. 28/09/04 -15.77,

29/09/04 31.00 5.05%581 FD FOR 50 DAYS 5;0500 69\.20 29109/04 -38.20MAT. 18111104

30109104 0,07 BANK'S HALF YEARLY CLOSING DAY ...'. 0.07\

I J.Average Idle Funds for the penod 16/09/04 to 30(09J20014=Rs 0.05Crore

(

(

r) ("

ccccccccc

EPFACCQUNT NO.11. ./ / ; .IDLE FUNQ~STATE.MENTFORTHE.PERJOD16.09;04TO 30 ~.04DATE OPENING INVESTMENTSMADE . YTM . AMOON"VAL.·UE

BAlANCE ~ CLOSING(Rs.CR.) DATE

. . (% '(Rs. CR.

16/Q9/04 0.35 5.25% LAKSHMI VILAS BANK FD FOR 5.2500 20.00 16/09/04 -19.65·92 DAYS MAT. 17112/04/17/09/04 2.504.75% SSI FD FOR 55 DAYS 4,2500 25.95 17/09/04 -23.45MAT11/1fl2b04 I

:18/09/04 0.04 HOL/DAY( GANESH CHATURTHI) 0.0419/09/04 0.04 SUNDAY

0.04/20/09/04 J 0.04 5.SO% L.ORDKRISHNA SK.FD FOR 5.?OOO 13.00 120/09104

91 DAYSMAT. 20112104· ..

/4.75% SSlf:Df:OR 93.PAYS . 4.7500 1$.op 20/09104IMAT 22112104

/ 2e.oo -27.96 cC~C(

CC()(

(

CCC·C

--- ~

f21109/Q4 0.28 4.75% 561 FP FOR 93 DAYS 4.7500 7.~ -.l1109J04 -7;27

/22109/04 0.035% SBBJ·FD FOR 96 DAYS

rMA1.27712104I r

4.75% sa, FD.fOR 52 DAYS[MAT. l3/11104 . /

I .1·4.75%.SBIFO FOR 66.DAVS 4.7500 16.10 ~09/()4MAT. 27/11/()4

~10I ·-66.07I .

23/09f04 0.095.05%SSB;f'::D ,::OR 95 [)AYS 5.0500 -50.{)()~04MAT.27f1Z104 1 ..

I4.75.%SSI FD FOR75 DAYS 4.7500 19.50 28/09/04MAT. 07/12104

-69,411r

-19.845.0500 20.00. 2fiQ9/0424/09/04 0.165.05%$a.s.l FD FOR 96 DAYSMAT. 29/12704 I

I$0.505'.05% SBI FD FOR 80 DAYS . 5.0500 108;00 ~09/0425/09/Q4 -57.50

MAT. 14/12104j

0.04 SUNDAY26/09/04 0.04 CL

L

L

L

L

l

1-85.96

(1

nnnc-\'c:c:c:ccccr('

rc(

(

r(

c<-

(

l

DATE

, IEPF ACCOUNT NO. 2~ 1IDLE FUNDS STATEMENT FOR THE PERIOD 16.09,20Q4t()30.092C1~

CLOSINGOPENING INVESTMENTS YTM AMOUN' VAlUE

I

BALANCE MADE DATE:I( Rs. CR. % (RS. CR.

BALANCE(RS.CR.)

16/09/04 0.15

17109/048 0.58

18/09/04 0.09

19/04/04 0.09

20109/04 0.09

21/09/04 0.30

22/09/04 0.03

23/09/04 0,07

24/09/04 0.03

25/09104 2.61

26/09/04 0.06

27/09/04 0.06.C

28/09/04 0.08

29/09/04 0.09

30/09/04 0.03

NO TRANSACTIONS

4.75% S81 FD FOR 55 DAYS 4.2500MAT. '1'/1112004

1HOLlDAY( GANESH CHATURTHI)

SUNDAY ,

NOTRMiSACTIONS

1. 0 17/09/04

0.15

-0.52

0.09

0.09

0.09

4.75% $SIFO FOR 93 DAYSMAT. 23112104

I4.75% S81 FD FOR66 DAYSMAT. 27111/04 '

4.75% S81 FD FOR 75 DAYSMAT.07/1'2.!04

NO TRANSACTIONS

!5.05%SBI FO FOR 80 DAYS

4.7500

4.7500

4.7500

5.0500

19.aD 21/09/04

0.7 2'2.!09/04

0.90 23/09/04

3.8e 25109104

-19.30

-0.83

e.oa-0.99

MAt~14/121()4

SUNDAY

10.7527/09/04

1.4029/09/04 .

}.

5.05% S81 FOF'OR 80 DAYS 5.0500MAt. 16/12104

NO TRANSACTIONS

5.05% S81 FD FOR 50 DAYS 5~0.500MAT. 18/11./04

1BANK'S HALF YEARlY CLOSING DAY

Average Idle Funds fo~ the period 16109/04 to 30/Q9/20()4;:;Rs Qf04 Crore

0.06

~1().69

O.Os

-1.31

()~03

~-------~~'--~~

ccc:ccC

~'l~ C

. -ql(dl~ ~ fq;'

State Bank;of India

fiNpr, ~ q, Q ~ •. 12

-400021.asury n.panment,Corpo •.•• C.ntre,Box No. 12,Mumbal-400 021.IFax: 2204 5488/2202 877912288 8220

/Telegram: APEX

.. 'I

THE REGIONAL PROVIDENT FUND COMMISSIEMPLOYEES PROVIDENT FUND ORGANISATI ,BHAVISHYA NIDHIBHA VAN, 14,BIDKAJI CAM PLACE,NEW DELID -110066

~..; C·, (.

occcr;

c

~/Date:

'II •

IDLE FUNDS STATEMENTS FOR THE PEt¥0D:01.09.2004 TO 15.09.2004 \

We forward herewith the abovementioned ~tatenient for yourinformation. The average idle funds for the period!were Rs. 1.44 crore.. ~ " , . ~- \

I

YO~Y" 'y\~ ~7for,Deputy General Manager .> ~\t(PMS&CS) /--~ /1'7\ ,I'

<--- & ~IILJ"\ v •

VI

\

LD;n. ~/No.ear Srr,

TRYI PMS/l~~8'

C)

L(

l.

C

l

c·L

L

·L

L

L:L

L

c("

nnor:r:c:c:crccccc(

(

(

(

l(

(

(

(

ll

EPFOMAlNAC~QUNT " '. JIDLE FUNDS STATEMENTFORTHE PERIOD01;Og,.04T015.0~.04

DATE OpENING INVESTMENTSMADE TIM AM()UNT vAlVE CLOSINGBALANCE , 'DATE sAl..ANCERS.CRORE ( %) RS.CRORE RS.CRORE

01/09/04 7.97 3.7p%581 FD FOR 38 DAYS 3.7500 40.00 Q11Q9/04MAT 09/tO/04 tr

3.75%S81-FD FOR 36 DAYS 3.7500 26.09 01109/04MArQ1110/04 .

.~;®,

.'

02/09/04 0.25 4.25% S8tFDFOR44 DAYS" . 4.2500 :a~-,QQ 02109/04MA '[15710/04 ."

., ·c

03/09/04 0.25 4.25% SBt F;DFOR 77 DAYS 4.2500 15.60. 03109/04MAT: 19/11/04

...'

.....

04/09/04 0.05 4.25% SBI FD FOR 51 DAYS 4.2500 19.00 04/09104MAT2S.10.04 .

05f09/04 0:'12 SUNDAY'.

06/09/04 0.12 4.25% 581 FO FOR 49 DAYS 4.2500 7.00 00109/04,MAT 25110/04 .'

07/09/04 0,09 5% UNITED BK; FD FOR 6M 5:0000 50.00 07/0910408 DAYS MAT. 15/03105 ,4,25%5al FO FOR 55 DAYS 4.2~QO 14.$ QII0~U04MAT. 02/11104

. .1f4;$t)

08/09/Q4 0_15 5.1-0%ANDHRABK. FD FOR 5.1000 2().OQ .O&l09lU41'89 DAYSMAT.'16/03/05

.X

0g/091Q4 8.46 4.25% SSIFD FOR 51) DAYS 4.2500 13.00 Q~~OAMAT. 04/t1/04

10/09/04 0.46 4.25%5BI FD FOR 60 DAYS 4.2500 23.50 1Q/09/04MAT. 09/11104

11/09/04 18,20 4.25%SfU FO FOR 60 DAYS 4,2500 -50;® 10/~1(04MAl'. 10/11/04 I'

..•.

4.25% SBr FD FOR 70 DAYS 4.2500 20.00 11/091Q4MAT 20111/04

70.0012/09/04 7.53 SUNDAY

13/09/04 7..53 4.25% SBIFD FOR 65 DAYS 4.2500 40.00 .13/09(04MAT. 17/11/04

4.25%S81 FD FOR 80 DAYS 4.2500 12.25 13/09/04MAT. 02112104

52.2514/09/04 0.10 4.50% CBI FD FOR 70 DAYS 4.5000 50.00 14/09/04

MAT. 23/11/04

4.35% PNE:iFD FOR 37 DAYS 4.3500 50.00 14/09/04MAT. 21110/04

'-4.25%561 FD FOR 90 DAYS 4.2500 30.50 14/09/04MAT. 13/12104

130.50

15/09/04 0.07 NO TRANSACTIONSAverage Idle Funds for the period 01109104to 15/09/2004=Rs 0.51Crore

-58.03

-21.75

-15;35

-18.95

-64.21

i -19.85

...

-4.54

-23.04

-51.80

-44.72

-130.40

0.12

1.53

0.07

-63.46

EPF ACCOUNT NO.11 11IDLE FUNDS STATEMENT FOR THE PERIOD 01.09.04 TO 15.09.1>.4

t

DATE OPENING INVESTMENTS MADE YTM. AMOUNl VALUE C.LOSINGSALAN,CE DATE ',' BAlANCE

01/09104 ' 16.62

I(Rs. CR.} (% I{Rs. CR. I{Rs. CR.)

3.75%S8J FD FOR 26 DAYSMAT 27/09/04

~.15% SSI FD FOR 36 DAYS

3.7500 40.00 01/09/04

3.7500 7.00 01/09104

47.00

4.2500 40.00 02109/04

4.2500 18.00 02/09/04

58.00

4.2$00 30.00 03/09/04

4.2500 12.05 03/09/04

42.05

4.2500 3.00 04/09104

MAT. 07/10/04-30.38

02109/04 0.34 4.25% SSI FD FOR 47 DAYSMAT 19/10/04

4.25% SSl FD FOR 44 OAYSMAT 16/10/2004

-57.66

03/09/04 0.91I

4.25% SSI FDFOR 63 DAYSMAT. 05111/04

I4.25% SSI ro FOR 77 DAYSM'At.19111/04

-41.14

04/09(04 0.05I

4;25% SBIFDFOR 51 DAYSMAT 25.10.04

-2.95

05109/04 0.05 SUNDAY

06109104 0.05 5% QLYCOM CB,I FD FQR aM 4 5,0000 50;00' 06/09/04PAYS MAt;Q9{03{04

4,.2~%SSI FD fOB .49QA YS 4.2SCl9 19.50 06/09/04!MAT 25/1OlO4

69.$0 -69.45

07/09104 -23.724'.25% SSIFD FOR S$ DAYSMAT. 02/11104 ",

4.2500 24.00 07109/04

08/09/04 0.06 5.10% ANDIjRA SK. FD FOR187 DAYS MAt. 14/03105

5.10% ANOI"tRA ;3K.EO FORlag DAYS fv1;A:r.16/03l.05

5.1000 50.00 08/09/04'

5.1000 30.00 08/09/04

80.00 -79.94

4.2500, 17.00 09/09/0409/09/04 3.54 4.2$% SSI .FDFOR 56 DAYSMAT. 04111/04

,5.10% SST fD FOR 1$2 DAYSMAT. 10/03/05

5.1000 5O.0j) 09/09/04

61.00

10/09/04 0.21

I

5% UNION SK. FD FOR 181 DAYS 5.0700 50.00 10/09/04MAT 10/03/05

4.26% SBIFD FOR 60 DAYSMAT. 09/11/04

4.250q 16.75 10/09/04

66.75 -66.54

4.2500: 50.00 11/09/04

4.2500 ' 30.00 11/09/04~ ~

80.00 &~ ~'~79.79

~

,,"'_ 8)110 'tsw C,o J •• uC\'))..

11109/04 0.21I

, 4,,25%SSI FOFOR 66 DAYSMAT. 16/11/04

4.25% SSI FD FOR 70 DAYSMAT 20/11/04

0.05

61 c) cc()

000(!C0C

CCCcc(

ccrcc(

cC

L(

LLL

L

r:c:oooccccccccccr(

c(

(

l(L

'.

12109/04 8.94 8.94

.

.

'.~ .-

'. c.·.. • i'' .

,

1.310~lM. _B.94 ,425%c$81 FO fOR 70 DAYS

.4.2500 45.OQ 13/09/04, '.

14~25%sal :PFOR'77DAYSIMAr.2~11/04

.~. ,

r4.25~$~EQFOR 80 DAYS .4.2500 22.75 1::\/nQ/M

'. .:.1j~7~ -103.81

14/09/04 0.21 <1!W1(' 5(}.OQ, 14109104MAT 01/12194 .;

• ··c·,· c' .

···14.150/0.saaJ FDFOR 92 DAYS:MAT. 15/12104 .'.

J . '- .. '

. . '.

:4.25% sal FDFORRC'OAYS[MAT, 03/12/04 .'

4?MO 50.00,14/09/04

i4.50%l)NIIEOBKFD FOR 71lDAYS MAl' ,24111lQ4 . '. '.-,'.

IMAT.OEV.:f2/{)4.

4.25Q050.00 1<1]{)Q/n..t

IMAT,VO/t4TV4 :- ·c·. __ ._

r c •••

k25%SBtFP·FOR 90'Ol\V$c. '

- .

15/09/04 0.,(>1

MAT'13'112104"

. ;' ... ' ..'

j)·04

Average Idle Funds forthElperiod 01/09/04 to 15/09/2004=;RsO.60 Crore

/EPF ACCOUNT NO. 25

c'S61"- C

('

(;

00(!

c:cC('

CCCCt(

(

(

(

C

C(

l(

C<-

LL

l

L

l

l('c..

DATE CLOSINGIDLE FUNDS STATEMENT FOR THE PERlon 01.09.2004 TO 15.09:2004QPENING 'INVESTMENTS YTM AMOONT VALUEBAl-ANCE MADE [DATEif Rs. ca, " %" IfRS. CR.}

BALANCEfRS. CR.)

01/09/04 4.87

02109104 0.81

03/09/04 1.52

04/09104 0.03

05/09/04 0.39'. . ,

06/09/04 0,39

07/09104 0.21

08/09/04 0.11

3.70%.$BI FD FOR 36 DAYSMAT 07/10104

NO TRANSACTIONs

;4.25% $BI FD FOR 77 DAYsMAT. 19/11/04

NO TRANSACTIONS

3.750(l 5.00 01109/04

4.2500 1.85 03109/04

-0.13

0.81

-0.33

0.03

SUNDAY 0.39

4.25%SBI FD FOR 49 DAYSMAT 25110/04

4,.25% SBIf"D FOR 56 DAYSMAT,'02I11/04 "

INO TRANSAC.TIONS.

4.2500 0.50 06/09/04

4.2500 2.70 07/09/04

,t

4.2500 1.00 09/09/04

4.2500 3.25 10/09/04

-0.11

0.11I

09/09/04 1.22I

4.25% SBI.FDFOR 56.DAYSMAT. 04/11/04

10109/04 Q~2.6I

" MAT.' :09/11/04

0.22

-2.99

11/09/04 0,06:

0.06

SUNPAY12109104 3.a6 3.36

13/09/04 3.36 4.25% SBI FD FOR 80 DAYSMAT. 02.12.04

I

4.2500 4.50 13/09/04 -1.14

14/09/04 0.12 -6.384.25% S81 FP FOR 90 DAYSMAT. 13/12/04

4.2500

0.0316/09104I

NO TRANSACTIONS 0.03

Average Idle Funds for the period 01/09/04 to 15/09/2004=Rs 0.33 Crore

c:n0nccc:c:c.ccc '.ccCr(

CC(

(

(

(

(

(

l

l

L

'-

'Illdl<lState Bank of,tndia

I

.Jl(f00 01(14 ~

~ fq; ~ fimm, ~ ~, Q ~ •• 12

~-400021."ij1tuury Department, Corporate· Centre,postBox No. 12. Mumbai-400 02t.~/F. ax : 2204 546a12202 877912286 8220~/Telegram : APEX. ,

.,'

We forward herewith the abovementioned statement. for yourinformation. The average idle funds for the period were Rs. 1.67 crore.

THE REGIONAL PROVIDENTFUNDCOMMISSIONE(R ( INVST)EIVIPLOYEES PROVIDENT FUND ()RGANISATIONBHAVISlIYA NIDIIJ BHAVAN, 14, BHIKAJICAMA PLACE,NEW DELHI -110066

L'IT. ~INo. TRY/ PMS/I~~l.

Dear Sir,

IDLE FlJNl)S. STATEMENTS FOR THE PERIO»:16.08.Z()04TO 31.08.,2004" .

Yours faithfully,

fOT~etaI Idanager(PMS&CS)

"":fS

EPFO M.t\JNACCOUNTIDLE FUNOS STATEMENT FOR THE PERIOD 16.08.04 TO 31.08.~

OATE OPENING INVESTMENTS MADE VTM AMOUNT VNoUE CLOSINGBAlANCE [)AtE BAlANCERS.CRORE ( 0/0 ) RS.CRORE i "RS.CRORE

I,

16/08/04 1.24 3.75% S81 FD FOR 15 D MAT 3.7500 25.00 1~08/04 -23.7631/08104

.

17/08/04 26.47 3.75% S81 FD FOR 18 D MAT 3.7500 37.00 11108/04 -10.5304/09/04


19/08104 1.27 3.15% S81 FD ~OR 220 MAT 3.7500 1.00 1~00lij4" 0.2710109104 ':,~"

20/08/04 1.40 HOl.IOAY 1.40

21/08/04 1.40 3.75% S81 FD FOR 17 0 MAT 3.7500 45.00 211P8/04 -43.6007/09/04

22/08/04 2.61 SUNDAY 1 , 2.61"

23/08/04 2.61 4.25% $,BI FD FOR 46 DMAT 4.2500 50,00 231~()4,08/10/04

4.25% S81 FO FOR 490 MAT 4.2500 4.00 23/QtW411/10/04,

54.00 -51.39

24/08/04 0.86 NO TRANSACTIONS 0.86\

25/08/04 0.86 4.25% SBI FD FOR 50 DMAi ' '4.2500 1a.50 251Ob/~14/10/04

4.25% S81 FD FQR 47 DIM! 4.2500 50.00 25/Q8I~11/10lO4

5% CBI FD FOR 1880 MAT 5.0000 50.00 25/0W0401/03/05

112.50 -111.64

26/08/04 0.36 5.10% UNITED BK. FO FOR 5.1000 50.00 26/08104188 0 MAT 02103/05

4.25% SBI FO FOR 33 D MAT 4.2500 0.60 26/()8lP418/10/04

50.60 -50.24

270/08/04 0.08 3.75% S81 FO FOR25 0 MAT 3.7500 6.20 27108/G421/09/04

3.75% S81 FO FOR 32 0 MAT 3.7500 30.00 27/08/Q428/09/04

36.20 -36.12

28/08/04 0.10 3.75% S81 FD FOR 32 0 MAT 3.7500 35.00 28/08/0429/09/04

4.25% S81 F OOR 54 D MAT 4.2500 27.25 28/08/0421110/04

62.25 -62.15

29/08/04 0.06 SUNDAY 0.06

30/08/04 0.06 5.30% SIM INT FEOERAL 8K 5.3000 25.00 30/08/04 -24.94FD FOR 185 0 MAT 030305

~5.~~31/08/04 4.13 3.75% S81 FD FOR 17 0 MAT 3.7500 40.00 31/08/04

17/09/04 L~l ?NlS&t;S *l~ RE'tSY

.. ~~Average Idle Funds for the period 16/08/04 to 31/08/2004=Rs O.37Crore ~ .'----~<~\":;;/... /

c:c:r:r:coc:c:ccc('

CC(

r(

c(

(

Ccc(

(

., (

l

L

l(

C

C

C

-,

cooooco«;.cccccccc(

c(

(

(

DATE

EPF ACCOUNTNO.ii. lc, 1

CLOS.NGIDLEFUNDSSTATEMENTFORTHE PERIOP 16.g8.0410 31. 8.04

OPENING INVESTMENTSMADE' , YTM AMOUNXALUEBALANCE -,,-DATE

16/08/04 4.03

IRs. CR.) '( % ) fits. CR; I(Rs. CR.)

17/08/04 13.10

NO TRANSACTIONSI

3.7500 50.00 ; 16/08/04,.,

:

-

3.7500 3.00 j17/08/04

53.00,

...7.2114 c' 13.52 18/08/04

5.3000 25.00 '18/08/04

7.4721 6.65 18/08/0445.2.7

7.3775 32.33 19/08/04

7.2000 10.59 1',9/()8/()4

3.7500 46.00 1S/08/04

88.92

4.03

18/08/04 1.33

I3.75% S61FD FOR 270 MAT

13/09/041

3.75% S61 FO FOR 18 0 MAT,04/09104

11.83%GS 2014

5.25% FEDERAL BAN.K FO FOR184 DMAT 18/02/05

10.70% GS 2020

19/08/04 16.26 10.71% GS 2016

7.80% MAH SOL 2012

3.75% S61 FD FOR 22 D MAT

HOLIDAY

-43.94

10/09/04-72.66

20108/04 0.43 0.43

21/08/04 0.43 11.83% GS 2014

11.83% GS 2014

11.83% GS2014

10.71% GS 2016

3.75% 561 FD FOR 170 MAT07/09/04

7.2093 13.63 21/08104

7.2093 13.63 21V08l04

7.2093 6.81 21/08/04

7.3767 19.41 21108/04

3.7500 5.00 21108104

58.41 -58.05

22/08/04 3.56

23/08/04 3.56

24/08/04 0.50

25/08/04 0.50

26/08/04 0.15

NO TRANSACTIONS

4:25%581 FD FOR 49 0 MAT11110104

NO TRANSACTIONS

4.25% SBI FD FOR 50 D MAT14/10/04l

5.10% UNITED BK FD FOR93 D MAT 07/03/05

4.25%SBI FD FOR 53 D MAT18/10/04

4.2500 38.50 23/~8/04

4.2500 26.25 25L@/04

5.1000 50.00 26/08/04

4.2500 29.60 26/08/04

79.60

3.7500 3.80 27/08104

3.7500 50.00 27/08'04

53.80

0.11270/08/04 3.75% SBI FD FOR 25 D MAT21109f04 I

3.75% SIBI FD FOR 28 D MAT24/09/04

3.56

-34.94

0.50

-25.75

-79.45

28/0.8/0.4 0..08 3.7~% 581 FD FOR 41 D ~T 3.750.0. 50..0.0. 2810.8/0.4o.8/1Q/04(

4.25% 581 FD FOR 54D MAT ' 4.250.0. 3.75 2810.8/0.4 ,

21110./04~3.75 -53.67

29/0.8/0.4 0..01 SUNDAY 0.0.1

30./0.8/04 0..12 NO TRANSACTIIONS 0..12I

31/0.8/0.4 36.57 3.75% 581 FD FOR 17 D MAT 3.750.0. 10..0.0. 31/0.8/0417/0.9/04

3.75% SBI.FD .FOR 28 D MAT 3.750.0. 50..0.0. 31/0.8/0.42810.9104 60.00 -23.43

Average Idle Funds for the period 16/08/Q4 to 31/08/2004=Rs 0..54 Crore

cr:nccccc:cccC'CCCC(

CCC.

CCCCC'CCCCC.

LC

l

coooooCGoC'cCL

EPF ACCOUNT NO. 25 IIQLEFUNDS SfATeMENT FOR THE PERIOD 16.08.2()04 TO 31.08.2004 .-

DATE OPENING INVESTMENTS YTM AMOUNT VALUE CLOSINGBALANCE MADE DATE BALANCE(Rs. CR. % I(RS. CR.) IfRS. CR.}

:-".

c' .-16/08/04 0042 NOTRAN$ACTIIONS ; Q~:.t2

-

17/08/04 0.76 NO TRANSACT liONS 0.16.,

18/08/04 2.6S NO TRANSACTIIONS 2.65I

19/08/04 3.09 3.75% sal FO FOR 22 0 MAT 3.7500 3.00 19/08/04 0.0910/09104

.- .. -'20/08/04 0.63 HOLIDAY 0.63.-21/08/04 0.63 NO TRANSACTIIONS ~63

...

22/08/04 2.54 NO TRANSACTIIONS 2.54"

23/08/04 2.54 4.25% SBI FO FOR 49 0 MAT 4;2500 5.25 2~/08/04 -2;7111/101041

24/08/04 0.28 NO TRANSACTIONS 0:28

25/08/04 0.28 4.25% SBIFO FOR 50 0 MAT 4.2500 1.25 2510aJ04 -0.9714/10/04

26/08/04 0.12 4.25% S61 FO FOR 530 MAT 4.2500 10.50 26108/04 -10.3818/10704

270/08104 0.19 3.75% S61FOFOR- 25 0 lIAAr 3.7500 18.00 27/()8/04 -17.8121/09!Q4

28/08/04 0.10 4.25% S61 F OOR 54 0 MAT 4.2500 0.50 28/08/04 -0.4021/10104

29/08/04 0.14 SUNDAY 0.14

30/08/04 0.14 NO TRANSACTI10NS 0.14

31/08/04 3.84 NOTRANSACTIONS 3.84

Average Idle Funds for the period 16/08/04 to 31/08/2004=Rs 0.76 Crore

"I1{fflll

State Bank of India

CL, b\. !

• ~, WiI(ct1\z q, q:{ ~ E. 12

+rf-4op 021.Treasur)' Department, Corporate Centre,Post Bo~ No. 12, Mumbai-400 021.~/F~ : 2204 5468/2202 877912286 8220Wlt/Tel~rarn : APEX

I/ r- .THE REGIONAL PROVIDENT FUND COMMISSIONER ( INVST)EMPLOYEES PROVIDENT FUND ORGANISATION8HAVISHY A NIDHI BRAV AN, 14, BlIIKAJI CAMA PLACB,NEW DELHI -110066

L~. Sfi1ri'Cfi I No.

TRY/ PMSIt))~Dear Sir,

~/Oat.: . . 21.08.2004

IDLE FUNDS STATEMENTS FOR THE PERIOD!01.08.2004 TO 15.08.2004

We forward herewith the abovementioned statement for your kindinformation. The average idle funds for the period were Rs. 5.07crore.

for D ut G~neral Manager(PMS & CS) .

ccc:r('

CCC'CCCCCC'Crccccc(

ccccccC

L

L

L

C

c;ooooooC'ccc(

EPF,OMAIN ACCOUNT I

..

IDLE FUNDS STATi:MENT FOR THE PERIOD 01.08.04 TO 15.08.04

-. ... '

DATE OPENING 'INV'eSmEH'tS_~E vr~ AM()UNTV~9~c:LOSINGSALA.NcE¥QAm IRAiAJ\JCE

01/08104 0,01 SUNDAY Oc.01

02/08/04 0,01 4% S81 FD FOR 15PAYS 4.0000 8.00 Q2I08/04 ~7.99MAT.11108/~ .

03108/04 0.21 NO TRANSAC)-lONS 0.21

04/08/04 NOTR.ANSAQTIONS 9.93....~

05/08/04 26.31

, .-

-5.51.c· 06/08/04 . 3.06 12.32% GS2011 . Q.5S1S, 19.54 06108104 :

.. .- '.'

cct(

-. I

12.32%GStOll- ..

12.32%'G8.2011'. '. ., ..

10.71%GS'2Ql$. . 6.1416 13)i9 '06108104,

11.830/0GS2014

f

07108104 2.76

L

_.-

08/0S/~ 1.28

09108/04 1.28

10/08/04 14.17

11/08/04 0.14

12/08/04 4.26

; ~. .-.,

.' .0 "; ,.. • •• '

30:.41

SUNDAY

-27.65c'

1.28

1..28

.0:52

. 0.14to

- .NOl'RANSACTIONS

8.3$% GS 2Q22~ - .

-

to;47% GS20'15 -1.117Q :31..00 12lfJa/04

7.2433 1'3.04 12/08104

7.04Q4 12.74 12/08/04

7.1770 12040 12108104

7.1010 10.96- 12108104(0.14

7.1272 1.59 14/08/04

10.11%GS 2016

12.32% GS 2011

l1.&~%<as 2014-75.88

13/08/04 2.11 12~32% GS 2011 0.52


15/08/04 1.24 SUNQAY

Average Idle Funds for the period 01/08/04 to15/06/2004=Rs 1.11 Crore

&1

124

S'

""•,

"~.

,

DATE. AI•••.t'!F

.5. CR.}

lePF ,.fiDl..EJ:11

4$DL20Q8.

.

lye; m II~lAADE YT~. VALue- m-n~1 f!

. DATE RAI Al"C

SllNhAV.

12.1

112.15%KERAtASDL,ZOO8

:..ASOL 2008

... t··..AOLC!O'FDFOR15 DAYSMAT_!~

1 1.;Q;)70"'~.2014

.,'

11 114. ,.

,10.71%m~011) .

J~~'2014

0.06

0.06

06/08/04 .()Aa

09108/04 15.58

'4.56

2,07

11 ,G~~2014

112.30%GS2Q16

8.35% GS 2022

';C)""fo GS~2014

i10.710;; GS 2016I

'.

'% fRs, CR ( Rs. C~:r01/08/04 :O?IORIOA 6.2000 6.15 ~

&~QQ() '6.15.

6.2000 I .', ~6:t5

6.151l?/M/I'tA

..

4J)QOO·34.90 021OA/tl.4

M/I'IA/nA 0.05

59.50:

6.&334 7.0503,108104.f .

6.$:l34 14.09. O~IOR/OA2-1.14

~59.44

6.66~ '.' 13.56

·21.09·

'.1. .'

.

It5~' 32.6:1.'Vi1lIJO/V:-J., ~ -

6.ego. 8.77 n!vba/I\A.

e~18

---42:23

6.8SS..1 14.08

6.7.133].Q1..34.$$

1).767()S. 74 Vfll)lS/04

6.7125' 14.0,3 ~'1.0•.,., -14.21

.

7.0766 6.86

3$.10 -19.52

1QI()8/04 7.2379 5.08 10/08/04

11108/94 7:1017 . 13.6911108/04.

7.602610.76 11/08/0424.45

12708704 T2433 19.55 12108104 ~~

c:r:

-!Jo.... c:~ C

CCcCCoCCCC·

C('

(

C'CCl<--

(

(

(/

C(

l.

L

L<---.

l

oC)()

ooooooocr:c

11.830/0GS 2014 7.1010 2.74 12(08/04I 22.29 ·20.22

13/08/04

"

r:2lilo' 19.~ tr

10.71%GS-2(}1Q .....'1.24

I t '

12.32%GS>2011 7.1272 12:01 14t.~J0450.08 48.84I

14/08/04 13.36

15/08/04

Average Idle Funds for the period 01/08/04 to 151Q8J20Q4=Rs2.61 Cro~e

<.

13.36

4.03

NO TRANSACTIONSI

SlINOAY [ 4.03

cc

;<'f c:7~ c

..~ r'---,----"E::r.P::::F=-.A::":C:::-:C:o'::O:'-:U7:N'=T:";f:'f:;:Q::""J"";:2=-5'-------- __ r----r1r-----,-----r------.JDLEFI)N.[)S STATEM~NTJ:QR THE PERIOD 01.08.2004l015.08.2004 COPt:HJNG INVESTMENTS ... TIM' lAM.OUlIIT VALUE CLQSING

..

DATE

I

SUNDAY01/08/04 1.24

02708(04 1.24

03/08/04 0.10

04/08/04 0.63

05/08/04 0.68

06/06/04 1.19

07/08/04 2.25

·Q8/081Q4 3.71

()9/0S/04 3.71

1()/08/04 4.40

11/08/04 0.24

12JQ8I04 2..14

13lO6/04 3.8~

14/08/04 3.8&

15108f04 0.42

4~s.alFDFOR 15 DAYSMAT. 17108104

INOTRANSACTIQN$

NO TRANSACTIONSI

12;32% GS 2011

INO TRANSACTIONS

INO T~SACTIONS

NO TRANSACTIONS

NO T~SACTIONS

4.0000

6.5150 •.

1.60 02/08/04

10.44 05/08/04

1.24

-0.36

0.10

0.63

-9.76

1.19

2.25

3.71

3.71

8.35% OS 2022 7.2379 4.24 10/08104 0.16I

NO TRANSACTIONS

I7.1272 3;81 14/08104

0.24

2.74

0.06

NO TRANSACTIONS

SUNOAY I

3.86

0.42

Average Idle Funds for the period 01/08/04 to 15108/2004=Rs 1.35 Crore

rr:cocccccc·ccccc(

ccccc~

LL

L

L

C

c'0oooooccccccccr:l

r .

'f,(d\tI,State,Bank of 'India

r:THE REGIONALPRQVIDENT FUNp CQMMISSIONER( INVST)EMPLOYEES PROVlDENT FUND ORGANISATIONllHAVISHYA NIDHI BHAVAN, 14, ~HIKAJI CAMAPLACE,NEW OELHI - 110066 . .

L~····~/No. ft;ri;5 I Date :

TRYI PMS/(H~ 04.08.2004Dear Sir,


We forward herewith the abovementioned statement for your kindinformation. The average idle funds for the period were Rs. 12.05 crore,

-for epu General Manager(PMS &CS)

,/

o

r

7rrrccrr:cccccccc(

(

(

(

(

l(

(

(

(

LLL

Ll

L

l

10.47% GS2015 6.4662 '20.26 28/07!f»Jfi; >.. .: .', t/c">

168A6 \., ..' ';168.24.".

29/07104 2.57 8.35% (3S.2022 6.74@ '11:.1,4 29/07104 h' ,;'i ....

-8.3$% as 2022 6.7641 0.94 29/07/04

18.68 -16.11

30/07/04 0.11 4% SBI FO FOR24 DAYS MAl 4])000 24.00 30/0710423108104

..

4% SBI FDFOR24 DAYS MAl 4.0000 2.30 30/07/0423/08104

26.30 -26.19

31/07/04 0.20 4%SBIFDFOR 12 DAYS MA1 4.000Q, 19.40 '31/07/04 -19.2012108/04 I

-Average Idle Funds for the period 16/07104 to 31/0712004-Rs7.78 Crore

\.

o()

oo

ooocccccr»:l

EPFO MAIN ACCOI,INT IIDL.E Fl,)NDS STATEMENT FOR THE' PERIOD 16.07.04 T0-31.07.1)4

DATE OPENING INVESTMENrS MAbE . iYTM AMOUNT. VALOEClOSIN.GBALANCE '~,PATE BALANCE

13.88

:MAr 02109l(l4

. 17107/04

16/07/()4 , 3.30 I'iOTRANSACTIQN8' .;: 3.30

-2.327.66 10.00' 17107/044;5%8BI FO FOR 47 DAYS 4.5000.

18/07/04 7:15 . 7.15SUNDAY

19107104 ' 7.15 4.5% sal FO FOR46 DAYS 15.00 19/07/04 -7.85

'.MAT ()310~104

20/07/04 ~U~5 30.0020107104 ~21.15

21/07104 22;44

..

,5.25% LORO KR$IHNA FDFO 5.2500,61 [1AVSMAT. 2ll/09104

50.00' 21/91104MAT1~8104

4% salFOFOR 20 DAYSJ&Al ", 4.0000• 'I

so,®, 21/07104"

t10J~Q -87.56

22101104 ' 39.18

23/07/04

24/07/04 '·55.t1

14.48 03I07/Q4' 45.25

'. ~'.

, ,.,

13.8813.88 SUNDAY. , .

'2.'$101'1,(54 ., ' 45'.88

6.4114 13.55 27JO.1/0499.41

, .. ;.

10)f7~3~S 2016

, .' 20.57 :. 2'1107(04::'

to:7'I% ~ 2016 t •

1'o.mGS 2016 '. 6.4114

6.3154 7.19 27/07/()411.83% GS 20M

10'25%GS 2021

10:03%''(;S 201S 27.54 211Q7/G4

rt .83% GS 2014 ' 6.3154 4.02 ' 27107104

28/07/04 10.03% GS 2019

135.00

6.6115 20.54 28/07/04

6~5408 34.11 2§L07101.

6.3677 35.82' 28/07104

6.5560 57.67 28/07104

0..22

-35.59

10.71%G8'l0t6

11.83% GS 2014

10.71% GS 2016

o•

QME

-6,337~

.! ....

7.26 ~

.1t43%G!~5

o()

CCooccc

--

ccc:(

cc(

(

l(

cc(

C

L

Cl.

"--L

cc.ooooocooccccc

L11.83% GS 2014

..'

,(

f' "-F-.,·~

4.$$'SBlFOFOR 129 DAYSIMAT Q2J1V2Q04....•. t'4.5% SSI FD FOR 133 DAYS

6.2898 14.39 26107/04;'Y·, ','

~ a:3~ , ,.13,$8 ..2f!ilQ7/f/4

4".500() $0.00 2~11()4

4.50PO 5O~00 26/07104

198.54

". '6.4908 20.57 27107/07"

·6.411~ 33.8\:l 27/07/04

6;4114 6.7g 27/07104;.

6:...41.14 9:71 27101/04"6.3154 6.41 27107/04

70\.4'&

---' .', J..

'6;3677 35.81 281P7104 .6.3611 7.1~ 28107/04.....

" "

6.5662 20.19 281f)7/04

63:1$

27/07104 16.71 10.71% GS2016. l '

10.47%G.S 2015

10.47%G$ 2015-. -,l

10.47%GS 2015

11.83.%G$ 2014

-191.95

28/07704 0.83

29/07/040;41

.'

3QJ07104 '0,(14

"

.. '

1L83%GS 2014

11.83% GS 2014" ' •..

1Q.71%G5.2016

MAt ON.19/08./04.:t, .

, 6.7400 13;!5] 2g/071(J4

6.7641' 8.~6 29/07/0421;.93' ,

.... ,

4;0000 50;00. 31)[07/04

:,-21.52

4% set FDFOR 24 DAYS MAT

"l~041

58.85 -58,.81

31/07104 -4.10O.1() 4A)OQO ;c'. 4.20 31/07/04

Average Idle Funds for the period 16/07/04 to 31/0712OO4=Rs 1.32 Crore

.

c:rr.c:ooc:rcccccccccccc(

(

ccccCL

LCL

L

L

DATEIDLEFUND$ST~:rEftI~FORTHEPERIOD 16.07.2004TO 31.0r.!O().iOPENING JIiVE,$l'MENT$ YTM AM.Cl1UI'{T VALUEBALANCE MADE. OATE'l Rs. CR. % t(RS.CR.) (RS. CR.)

. NO TRANSACTIONS,

2.33

NO TRANSACTIONS

SUNDAY

3.34

3.66

3.66NO·TRANSACTIONS

NO TRANsACTIONS 4.93I

NO TRANSACTIONS .5.78

I

NO TRANSACTIONS

6.3315 7.26 22/07/04 0.88

1.02[

NO TRANSACTIONS

SUNDAY'.

16/07/04 2.33

17/07/04 3.34

18/07104 3.66

19/07/04 3.66

20/07/04 4.93

21107/04 5.78

''4' . W07104 8.14

23/07104 1.02

MI01104 1.@

25107/04 2.39

2~O7104 2.~!)..

21107/04 4.40

28107/04 1.23

N01AANSACTIONS

> .: ~.

.I .

1.56

2.39

2.39

0.52

1.~:

0.69

-1.37®f01104

31/01104 0.11 N01RANSAC'TIONSI

..

Average: Idle Fl.lm:ts. for thlt period 16107/04 to 31/07~004=~s?95 Crore

0.17

L

c:r:c00ccccccccccr(r

---l.

~ finrm. ~ q.•••~ lit. 12

+'f-400~1... .....1!· ...rre.tnY~~:!t~~·c;efltr.e .

. ".~xl\JQ."12i • ·.,....C1;. . .t;'N/FItX:2204: .".". 12202ant·f 2288822([

.rm/TeJegrarit: APE¥' . .'.')' .)

THE REGIONAL PROyroENT FUND COMMISSIONER (INVS'Q r. '. y

5~~~:J~~~=P~~~/~~M;wi, ifi1ricn IN0'TR Y/PMS1<g<to ft;mr I Date: 19f07ido4 Y

~~ "' .."~0(.»

,~We forward herewith the abovementioned" statement for your kind \.(\.information. The.averageidle funds-fer. the peri9d wereRs, 5.84 crQ~. .~

'iC1"{J\·q ~ .fq;'

. State~Bankof·'ndia

IDLE FpNDSSTAIE_TS FORnptPENOD :01.01.2004 TO 15.01.2004 "

YO~,. . . ""

for<tYGe~~rol Manager(PMS &'CS)

-. ~--~-" .... . .. - ..-.~--~.-.-.-- ..-~--~

0.35

, .

DATE

EPFOMAINAQCQ.lJN,t , I,

OJ~I;NINGINVESTMetfrs MADE YTMAMOUNT VALUE CLOSINGBALANCE " DATE BALANCE

" 131Q7IfH.

01107/04

RS.CRORE ( %) RS.CRORE RS.CRQRE, •

6.6423 35.96 '01107/0427.73 10.18%GS 2026

4% SBI FO FOR 36 DAY~ MAl 4.0000.'

39.~ 01/07/04"

75.$6 -47.83L

13~$4 02107104. .

1El.<$ 02107/04

200.00 02107/04,

.C

200.00 02107/04

96/08104

OZftj7/04 6.54868.63 10.25%GS2021

10.25% GS2021 6.5486

4% SBI FD FOR 11 DAYS MA. 4.0000

.%S8tFOFOR120AY~H;1A 4.0000 100.00 '02107/0414/01104

4% S81FD FOR 13QAYS MAT 4.0000 51.00 02107/0415107/04

5S0.9Q -572.27

03/01104 . t5.13 50·00 ,,03107/044% SBIf=OFOR,18PAYSM.. 4.000021/07104

4% S61 FO FO~ ,21DAYSM 4.0000 5O.OQ 03/07/0430{(J7/04

4% SBI FD FOR 38.PAYSMA 4.0000 15.00 03/07104

115.00 ' -99.87

04101104 10.2410.24 ~I..!NDAY

05/01104 4% SBI FD FOR3l DAYS M ,4.000010.24' 26.00 '05(07104 10.24

0.35 NO TRANSACtiONS

07/07/04 hil NO TRANSACTIONS , nil

0.03

5.3500 50.00 ()9/07/04 7.72

.5.4000 25.00 09/07/04

4.5000 50.00 0'9/07104

4.5000 50.00 .~/07/04

08/01104 NO TRANSACTIONS0.03

09/07104 5.35% INOIJSINO BK. 1=0FOR7.72185 DAYS MAT.10.0t.05

5.40% IClel BK.FD FOR 245DAYS MAj. -11.03.2005

4.5% SBI FDFOR 46 DAYSMAT. 24.08.2004

4.5% SBI FD FOR 48 DAYS 4.5000 13.00 09/07/04 G)MAT. 26/08104 .~----~----+---~~~~~--------r---~r-~1~88~.O~O~----~----.18OtO~.2~~\~/,A~~

10107/04 2.61 4.5% SBI FD FOR 47 DAYS 4.5000 3.00 10/07/04 -0.39 ~~ /,V~.ls.c'V

Cl2

4.5% SBI FO FOR 47 DAYSMAT. 25108/04

c:rcc:c:c:c:('

r:ccccccr(

c(

(

(

<..

(

(

(

(

C

L

L

L

L

L

C'r:CooocC:

oCCCCCcrcc

iMAT ?RInRIM

.11/0.7/04 0.66

1210.7/04 o..6~, .

-'- ','

0.66, . ,

.,

'" ,,: . .. '

,

r

4J)QQO 2Q.QO 14Urll.J<tIMAI;

55.98 -55.32

112.40%9~2o.13 6.1854 36.92 13'0.7/04.

- 6.1854 59:07 •.) Uf/\,ffl-[1: AlWL-~S 20.13•. I.

'425~.QE~ at(~FDFOR·':.~ OA'J'$ MAT. 1210.8104 ,"

!-- -- ..4:5O()O.3Q':OQ 13/1)7/04. 14.5%~a!FO FOR50 OAYS

-184.65

.'

6.25$O20,® 14/1ll1lQ4, 1,6 •.71 110.4I~ GS 20.1514/0.7/04..

6.2550 6:83141(17104[to..47%GS2o.15.. ". >

,.

,

l12.4o.%OS 20.13

110.$~'. --

151Q7!01Inil [10-.03% GS zors .:" 6.4856 ..

."

6.4030.[8.'05% fRFC2007 '...

,--!:--'.~~:8~ .

.'

; .:,

. .

I,I

Average Idle Funds for thepEiriod01/o.7/04 to 15/o.7~=~ 1.94 Crpre

,- -~

".. .

10/07/04

EPFACCQUNT NO.11 J II

-19.39

DATE' CLOSINGIDLE FUNDS STA:'(EMENTFOR THE PERIOOJ)1.01.!)4 TO 15,07,04

OPENING "INVESTMENTS' MADE ,TIM AMOUN.lVALUEBAlANCE r DATERs. CR.}(%Jl{Rs.CR.

14/071041

BALANCEI( Rs. CR.)

01/07/04 12.40% GS 2013 ' 6.1698 14.75 01/07/04

6.6423i 35;96 01/07/04

6;()423 7.19 01/07/04

4.0000 10.40 01/01104

4~OOOO 39:50 01/07/04,

107:80 -103.99

6.5486 6.92 02/07/04,

6.4468 13.82 02107104

6:548'6 6.92 02107/04

4:0000 100.00 02107/04

3.81I

10,.1Q.%GS 2026I

I4%<SijIPOF:OR 36 OAYS MAT

4%,SBI rtl,FOEf39 DAYS MAT

02J()7/04 10.25% G!202113.52

10.03% GS201g

10.25% GS2021

4%S61 FD,:FQR12 DAYS MAT.

I4% SBI FOFOR 13 DAYS MAT. 4.0000 26.00 02107/f)4 ',', ,

15107/()4 "

'"

~140.14r,4.0000 .'" 1.0.0(} 03107/04 '~o/cr$$I,FOFQR 38,PAYS MAT. '1.08

, '

04107104 SI)NDAVI

3.11

05/07104 4.25% C61FD FOR 30 DAYS MA. 4.2500 50.00 05107/043.1104/08104

I4% sal FD FOR 37 DAYS M 4.0000 19.00 05107/04

11/0810469.00 -65.89

06/07/04 No TRANSACTIONS0.88I

07/07/04 64.58 5.30'% ICICI BK. FD FOR 222 DAY 5.3500 so.oo 07/07104 14.58

JMAT. 14102/05

08107/04 19.2519.25 NO TRANSACTIONS

09/07/04MAT. 11.03.2005

76.00 5.40% ICICI FD FOR 245 DAYS 5.4000 75.00 09/07/04

4.5% SBI PO FOR 48 DAYS MAT 4.5000 12.00 09/07/0426/08/04

8'7.00 -11.00

11107/04 2.50 SUNDAY 250~~~~~--~~-----F~~~-------q-~----~----~----~----~----~~~~~~~0;61 4.5000 20.00 10/07/044.5% SBI FD FOR 47 DAYS MAT

26/08104

c:c:

~t-t V c:cCc:c:r:cc:cccccrcc(

(

(

(

l

l

l

l

L

L

L

l

l

l.l.

3.11

0.88

',,-

c:("'

ooooooooccccc

12/07/04 2.50 4.5%SSIFi) FOR 49 DAYSMAT. 301O$l0ff1 ,', ,

13107/04 0.85 4.5% S61FD'FOR 50 DAYS..MATtWO$104 ..•.-

-10.15

I14/07/04 2.73

t6.6572 35.9S 14/0111)410.18% G$2P$

6.250013.67 14/0710410.47% GS2e15

t-6.2550 34.17 14/0710410.47% GS2015

83.83I

15/07104 19.75 H.43% GS2015I

6.3088 20.43 '15/07/0410.47% GS 2015I

i'

6.2409 14.7~! 15/Q7/Q412.40% GS2013I

6.403$ 1.4716/011048.0SOA.IRFC 2007

-81.10

I" I 57.12

Average Idle Funds for the period01/07/04 to 1510712004=Rs 2.76 ¢rore" ,-, ~ --!

-37.37

. .,

cr

~l(tl r-,. r

~ 'lC::W( c:!RAt ,A ••••i'"

(RS CR.) c:.3,~~ c:-2.50 c

c0.48

0.87c

:1.1~ CC

0.69C

1.37 CJ.66 C8.77 CO-,§§ C0.71 C

~2-,~C(

.0.72(

1.21l

-0.88 l(

CC

L.

L

l,

Cl.

l_\..

<.

... ,

U:PF AI~" ·nUN"tNO. 25,OLE FUNQS:SJ 'MI:!.I\IT FOR THE

I I

01.07.2004 TO 15.07.2004:DATE YTMA •• I' llNT [VAlUE

. DATE'Ris.(R.]· % (RS.tCR.)

01/07/04 6.47 :4%iSBl FD :OR 39 DAYS MAT i 9.90' 01107/044.0000nO/nA/t\A

,

14%SBIFD FOR ~T.· 4.000002/07104 0.50!,'lQIUflU'f

, INO Ilvv ••",,.,,CTIONS iU;j/U7fU4

04/0tl04 ISUNDAY0.81

0.81U~/UftU4, 11f08l04

INO TRI' . :nONS0.69 .Ut:>/VI/U4,

INO ~IONS1.37UI/UflU4

Q~/07/04 llllOTCAM IrvNS1.§6,

INO TRANSAC'flONS8.71 !,U'djUflU4

9.00 lOlO7704I

:4.5~ SBI F[ ,FoR 47 DAYS MAT 4.50009.66

,

0.7111/011&4

.

3;'00 121071041at(l1Y04,

0.71

0.72I

iNOTW"'c:! I.UN;:;1·~1,

2.13 16/07/0418.0$% IRFC 2007 6.403815/01104 1.25I

. . . I

Average Idle Funds for the period01/07/04 to 15/0712004=Rs.1. ~4 Crore

C'ro('I

oc('

coc:c

.~,~- •.••.• __ ~ .••• 12

!,.f ...•~. -". ,"<~~~~Co~.Centre.If*BOx ,...1A'•.•• INtIi4OAOZr •• /P. :-2204_'_81i9;~86 8220m/T.leg",",: APEX!! " -

~, . -- -. .

. state Bank oftndia

. THE REGIONAL PROVIl>ENT FUNDCq~SSIONER (INVST)EMPLOYEES PROVJl»);NT l?UNDORGANISATIONBHAVIStIVA NII)HI BHAVAN, 14, BHIKAJI CAMA PLACE,NEDELHI':" 110066 . .. ,

ft;riqo I Date :

TRY! PMS/'lSB 06.07.2004Dear Sir,

.<

IDLE FUNDS STATEMENTS FOR THE 'PERIOD:15.06.2004- TO 30.06.-20(}4

We forward herewith the abovementioned statement for your kindinformation. 'The average idle funds for the'periodwereRs. 3923· CI'pre.

Yours faithfully"

.fOr~erall\dlJriage( .(PMS&CS)

.•. .

ERFQ.MAlN AC(j()UNT' .f -:

11.03

50.00 17/06/04

DATEIDLE FUNDS StATEMEtrrFOR THE PERIOD 16.06.04 TO, 30.06.04 ..•..

I3ALAN~l; . .'. DATE BAlANCl;

16/06/04

RS~CRORr: ( %) RS.C'RORE RS.CRORE

NO TRANSACTIONS85.47

24/06/04

35.83

17/06104 91.62

85.47

4% SSI FO FOR7DAYS. MAT. 4 ..0000

4% S81 FD FOR8 DAYS MAt. 4.0000 10·00 17/06/04

60.00 .'

5.S590 14172 18/06/04

5.8913 14.89 18/06/0429.~1

'" 11.31

25/06/04·31.62

18/06/04 31.62 11.83% GS 2014

19/06/04

20/06/04

11.31

35.83

11.43% GS 20152.01

NO TRANSACflONS

SUNDAY

21/06/04 35.83 M3%GS 2028 6.3547 14.63 21/Q6{04

24.32 21106104

9.n 21106104

14.5~ 21106/04

10.31, 22J0t3J(l4

13.64

10.26 23/06/04

15.36 23/06/04

25.62 -17.21

6.13% GS2028 6.3756

6.13% GS 2028 6.3756

6.13% as 2028 6.3156

6.900/0 RFcSONQs 2009, 6.1500

~37.81

22106104 8.41 . a.68.%PGC aONOS 2012 6.6053

2310f3f04 11.03

5.95% NPTC BONDS 25)09 6.3066

NO TRANSACTIONS

24/0f3/04 20.59 6.15.61 14.63 24106/04

.14.63 24106/04

14.61 24/06/04

43.87 -2328

36.11 25/06104 47.52

70.53

70.53

11.43% GS 2015

11.43%G$ 2015 6.1561

11.43% GS 2015 6.1809

25/06/04 83;63 10.18% GS 2026 . 6.5934

26/04104 70.53 NO tRANSACTIONS

21106/04 70.53 SUNDAY

28/06104 125.84 4% S81 FD FOR 28 DAYS MAl 4.0000 50.00' 28/06/04';,6107/04

4% S81Fb FOR 31 DAYS MAl 4.0000 50.00 28/06104 /;u~---4-----4---+'2~9~/O~7/04~~~~~~~~~+-~~~~~r-----~O~~J

4% S81 FD FOR 30 DAYS MAl 4.0000 50.00 28106/042$107/04

~---+----~--4=~~~~~~~~~~--~~~~r-----f~Z.·,~4% S81FD FOR 37 DAYS MAT 4.0000 15.00 28106/04 \..J04/08104

165.00 -39,16

cr('

ce-n('

crcrcccccc(

(

(

(

(

c(

(

l.

L

l

r:c000cCc0ccc -,. .Cr'--,..,'--r--

29106/0'4· 6.55 -0.65

...30106/04 27.73

10:18%GS2()26 6.626Qt; . 7.20 29106/04

27.73NO TRANSACTIONS -.- -,

.Average Idle Funds for the periOdt5lO6/04to 30/66/~=Rs 26.24 Crore

EPFACCOVNTNO.11 IIDl.EF'UHD$$TATE;MENT FOR THE PERIQf) 16.06.04 TQ3Q.O&.04

BALANCe --,. . DATE

--

C<)'74 r

r:rr:r:('

CCCC(

C

C(

rI,

C(,

("

l

(

l

l

C. • (

(

l

l

\

\.

l

17/{)6/04

16/06/04 NIL NO TRANSACTLONS

4% SSI FD FOR8 DAYS MAT.

"

I

4.0000 40·00 17/06/04i,

5.8913 7f45 18/06/04

6.2848 6\14 18/06/04

6.1604 qi5 -21/06104

6.1612 f).P2 21/06104

6.1612 23.27 21/06/04

6.1612 5.$2 21/0610454.15,

6.07{)1 21.Cl8 19/06104

6.3210 1.06 19/06/04

6.1164 8.()8 19106/04

6.1164 ~.7. 19106104~~

0.00

42.69251061041

18J06/04 8.19 11.43% GS 2015I

8.35% GS 2022I

7.85% PGC aoNOS2008

8.63% PGC BONDS ZOOS

8.63% PGC BONDS 2008

-8.63% PGC BONOS 2008

2.e9

19/06/04 6.50 10}1% os 2016

10.25% GS 2ot1I

t2.60% GB201SI

12.60% GS 2018

-45.96

20/06/0438.39

21/06104 38.39

S\)NDAY

6.0929 -21.05 21106/04

6.0929 - 21.05 21f(j6/04

6.0977 7.01 21/06/04

6.0977 7,01 21/06/04

6.1673 1.QQ ,21106104

6.1673 14.10 121/06104

6.3585 21.09 '21/06/04

6.3666 1.39 ~1/06/04

6.2198 7.03 21/06104

6.1412 - 13.98~1/06/04

6.3776 7.02 21/06104

6.3662 30.46 21/06104,

6.2105 21.07 2~/06/04

-64.49

10.71% GS 2016

10.71%G$ 2016

10.71% GS 2016

10,71% GS 2016

10.45% GS 2018

10.45% (3S2018l

10.25% GS2021

10.18% GS 2026

10.03% GS 2019

10.71% GS 2016

10.25% GS 2021

8.35% GS 2022J

6.2989 10.13 21{06/04195.44 :

6.4953 14.59 2V06/04

6.2081 5.18 23106/04

10.45% GS 2018

6.30% GS 2023

22106104 9.92 10.18% GS 2026

-157.05

5.75% NABARD BONDS 2008

oooooo(1

(1

ooooQ['I

[I

?AIOt:/O

.

.

31.14

.47.35.

. .~..~

15.75% IBONDS 2008H.~0$1 a.at1·

.

?t:/Ot:/OAI

.

25.92

1 ....,.110.2~%G5 20216.43461a. 97 I

", .....:····sA"l2721:.H1

. ",15.02

1-

?Rttl.i1/M

'.

.

.33.33

.

t· .' ...

i10.71%Gl :2016...... .. : ....

6.410534;3 I·

110.71%.G~: 2016-:c·:.· .,.' .'. .'T

. "({4334 '1:£71

:, ..':

:\'~~ f:1~1C

110.25%G~.2021 ....

..' . ".,: ,',.c.:'·.::·;":1. .',110.L'o'?QI;j~:2021

,.'

6.511:a 13'.31.',

110.71%GB2016

'-'.: . ..

43.94

. .1 ....., .~. :-:::::::;-.;.T.• s:nKtqAy .... .... . ·.·;,r;;Ci~ ~;-.-' .' :4a'.§4

,

.-/' ....•

14%SBI FD FOR 22 DAYS MAl 4.0000 50.00L'UlUtlU4 ,

14%Set FD FOR 38 DAYS MAT 4.0000 27.00-83.0ji127.OQ

110.18% \;> •• 4U40 6.6260 36.0129/06/04 8.38 . .110.18%G~' 2026

,

_39196/04 1.81 INOT ;IIUN~

Average Idle Funds for the period15/06/04 to 30/0612004=Rs 7.86 Cr9re

1.81

"IEPFA ·NC.~_ IIDLE iI eJV!t:N(Fl)R THE

. .

9.t6 9;1~.

IDATE , fE:. IMt U~:R.61 .6Nr. JAIlI:(Rs.CR ".

IAUI II"IT IVALUE I~I n~If.Jt:

. [DATE .&A.

IOt$. CR.) ICRS-:'- CR.)

..

.1S/OR/n.4 1.37 13.70INO TDA" •.,.". ,flUNS'.

,.•...

T

I-1:I\

,i

"

""

.10.23-~

, ':

---

': .

17/06/04 1.56

18/06/04 1.65 -f.55

'.19/(lR1M ~.13 1~,QJRANSAl,; ffONS-

INUI IIUN;:)

2.88 [SUNDAY ..c. . ,

21JQW04 2.88 iNe>TRft.l., flUNS,.

??/oA/M13.37 la~680/0-pac RONns. ?Q13-

2.88

1.16

?R7hA It\

,,~.NOI

.'- .

'~I~$' . . C''---

.. ,' .

.I

.1{33",

141004.0000I·

.. ." ,

-

mONS,.·· ..

< 'J':." ----: . - .~ "'. : · ...• 0- __ ~._'._ ," .. : ._ : _ _. _ _. _ . , __ :_ _'_ I,

Avera~ldle Funds for the periodl5106104to 30/0612004=Rs 5~13Crore

'NtFt.

6.28

cccccc-

'C-

c-cc(

(

(

(

(

C

CC(

(

(

<-

(

(

(

(

C

C

C

l

~

l.

\.

r,

nr:o(':1

EMPLOYEES' PROVIDENT FUND ORGAN[SATION(Ministry of Labour, Govt ..of In(tia)

Head Office ;Bhavishya Nidhi Bhawan, 14, Bnikaiji C~maPlace,

New Delhi - 110 06E>.

No. Invest.l/2( 10) IFCI/200 1IVol.! "~~ l-fi2.-- Qatedj

n" October, 2004~u;r·

Shri A K. Chaudhury,General Manager,:~g:~~~er,61 Nehru Palace, 'i2. OcrIn04Post Beg No.4499,New Delhi 110019.

n(':

C;CCcr

Dear Sir,

Sub: Minutes .ofmeetingite1d on 24.9.2004 in J"e ohamber pf CP,FCwith IFCI &SBi off'it~~ ·regardingrestl1uct~ring .of dues.

,- ,- .., - . , . - .-.- -,~~

I am dir¢ct¢d to forward fo~youa cogy .oithe. ~1~t~soFmeeting:held OIl,24.9.2004in thechamber ofCPFC & fACA.O. EPFOwith IFet & SBloffieiajs.:·regarding testriIcturirlg~ "qfdues ~hich iS~!1cjpsedherewith for your kind perusal and'necessary action. " " .,

Yours. faithfiiUy;

i:~y(RlNAMA 'AL)

Assistant Provident Fund Com~issionertlnve5tment)

Ends : As above .. ..~

CC: Shri Shank:~rMenon. DeptltyGerleralMaIiag~rSecurities SeMces BranchState Bank of India;Mumbai SmnacilarMatg·"Mumbai- 400 023

(03

, '

MINUTES OF THE MEETI",G HELD ON 24.9.2oa4 WITH IFO& S81 OFFICIALSREGARDING RESTRUCTURING

Present: 'EPFO1. Shrt Anirudh Rai ,CPFC a FAcAO2. Shri K.L.Taneja, RPFC(Investment),3. Smt. Rina Mandal."APFC(Investment)IFCI1.2.3.4.S8X1.2.3.

Shri R.M.Malla, Executive DirectorShri A.K. Chouc;fhary,General ManagerSmt. Poonem Sharma, ManagerShri Ankur Jhunjhunwala,

5hri G. Aiyer, Chief Manager (55B)Shri eM. Pilla;; .D.G.M. (PMS)Shri Shank~r Menon, D.G.M.(SSB)

A. For execution of decisions of CBT, EPF conveyed to IFCI vide letter No.Invast.I/2(16)IFCI/2001jVoJ.I/ dated 01.06.2004 and its acceptance by IFCI vide JetterNo.IFCI/ResJ2004 dated 14.06.2004 thefolJowing decisions Were taken to'eXecute thedecisions of CBT, EPF:

1. Principal of existIng Non-SLR Bonds 1. ScripSamounting Rs.I006.S8 crores for debtamounting Rs.I006 ..85 ..crores may be r~~ucturing tp.sI1i~<m9tUring dates by 10restructured With'· shifting of matUriW ~rs .from .200j.-A~..w~re i~ntified. (listdates by 10 years from 2003'-04. .' 'eoctosed).R~"~~. 27:fakhsi~ining to

1·&~'25.f¥o IFCI" 2003' ',Family 8~t1dswin berestructured. ." ,. . .,., ..

2. The redemption of one-forth of thetotal .restructured debt ma'y be fixed ineach of the 4 .consecutive quarters of thefinaRcial year starting from 1st April,2013 to 31st March, 2014 in line withchang~ in interest due date(s) agreedby Car,EPF(CI~u$e 6). T'Pis is requiredto avoid maturity of ..~ thQn As.tOOOcreres on a~f19le tdate. Accordingly,restructuredd'*Qts,WJll.·mi)tureasRs.250crores each' on 20.04.2013,20.07.2013and 20.10.2013 and balance amount on~0.O1.2014.

Out of total amount of Rs.1006.8S croresRs.2S0 crores each shalJ mature on20.04.2013;20.07.13 and 20.10.2013respectively the balance amount maturing on20.01.2014 shall comprise the following:

,

AccountAccountAccountAccOUntAccount

Rs. 114,25,00,000Rs. 160.,00.,,0(;)0Rs. 70,00.,000~. 119,25,00,000Rs. 21,05,00,000Rs. 2,56,85,00.POO

NO.5NO.8NO •.9No;llNo.25

3. Regarding, acceptance of 3. RestructUring..9f dept vvast;lPPrt)\ledby theaccumula~ons invested in IFCI by the CST for Rs.109i'oQ5.cr~~ afldresetrctte was,exempted Trusts, after the c:qo~tion of applicablepn~~fTl.~. It was'opined by thetheir exemption i.e. investment 'beyond EPFOofficials that Inteltest payment at couponRs.IQ()6.~5crores of CBII J;PfJrLIE~the r.ate, bemadA"YR'.to*pr~¥r:nent·date. It,wascsT, ,.'EPF'wifl 'accept pre-,payments by proposed by IFtr that iqt~est payment may beIFC!. made at reset rate,' which could not be

accepted. Decision of CST"EPF be executed astinder regarding two :types of cases beingreceived practiCafly:

October,2004.doc.

cct:

rrc:crc:ccc(

ccccccc(

(

<..

(

ll

C

l

l

l

l

L

C

('

(1

o()

o("

('

(;

ccc·cr

(i) caseshl' Which the original investor i.e.erstwhile exempted trust had agreed forrestructuring of 'debts in writing ~cept theinterest @ 9%. .tn these caseswhile acceptingthe securmes fllOm. exempted trusts interestmaybe g;ven ~ 90/0/ reset rate as would havebeenentitle.d to the erstwhile exempted trusts.However, IFCI wUI furnish the copy of approvalof the erstwhile', exempted trusts to S8I foronward transmission to concerned RPFC foraccounting ofa<;ccf"uedinterest at their end." Incases where written acceptances by theexemptedtrusts regarding restructuring of theirdebts is not forWarded by IFCI to ,SBr thenpayment ofintefE$t wil~be made at coupon ratefor tbe br:-qkenp~ri09 l.e. from the date up towhich payment has already been madebyIFCIto the exemoted trusts to the end of the monthin whjchsecuriti~ are received by IFCI for pre-payment." SBI wlll forward securities for pre-payment once in a:month and IFCI wHlcaJcuJateandgive'interest .up to thelastd,ate of thatmooth.(in-\'Iihlch Ifg rEa(;eives~~rities) alongwith maturity' 'proceeds.' .. ,

(U) For the non SlR securities received after~a~,,;.<lf: ",~~Jftiqn, ,(,@fflountingRs~3#?1,9f.)J.paf)/~,,sat wiIL;S~JjJlit these~r;itie$',lQr'pr~yment by2,7th'~ber,2004~ In ,~of. .'.DEMAT,,seeurities'~l wmtran~r s~iitl~'fl~~c.t··in,D~M~i. te ·lJsCtfS·PPMc. mailltqi~<i~~thlP,I3.1 Ban.k,ancl COD'f ofdelivery ,cnaUans ,~iJt.. be ,sent to IFCI forreceiving red~fT}ptton,proceedsarong. withinterest up to 30th S~ptember, 2004.IFCI wiUmake the payment of ;nt~rest &: f'Jlatwrity

,prQceed$~ by ~~(lctQber,,,ZOO4. ..~ , -t

4~ Cut-off, date of restruauring\!Ulbe 4. . ItW<lSmPf'.ort'lFcito .sctePt>tfie1st ApriJ, 2003 as' decided' by CBT,EPF. decision'of the GBTto pay the overdue itltere$t.In cases where prindpal amount has IFCI,again requested for cons,iderationby EiPFOfaHen due for redemption before for waiver of overdue .tnter~st. It wasfurtlJer31.03.2003, interest at contracted rate to pointe(f outbv IFCI:thatover<iue tnterestrnaybe paid up to the date of redemption and not be charged up to 20th April, 2003 as thethereafter it wU1'carry in~est- at; 'fe$etrestructurmv packa~-geeame operational·-frQmrate. Interest for the delayed period up 01;04.~003. SBt "offl"cials iriformed that someto 31.03.2003 will be compounded arithmetical errors in cafa.JJation·of over<iueannuaUyat theencl of the financial year;nte~(:)ff=C1_m~Y~~~,.~J:mt!ng, J$~,~..,l2....®at resettafe. 'WaTverof lriterestoo fakhs had al~y beehrec:oncited afterinterest for delayed period from discussions held with IFCI offiCials on01.04.2003 will be granted if lFCIp~y ?c~12J..tl9.~OO4. J\t~,rdjng, diffet:enee inthe outstanding interest wtthin 15days of tnterest recelvedandreceJvabJe out of 82.81from the4ateofreceipt of tbis 1etter. lacs pointed out by$BI, IFCI refeased cheque

of .52.90 lacs and agreed toreJease the

October,2004.doc.

, l

f-. ." ..-5. The reset rate of interest will be9.25% or rate of interest 'deClared/paid,by ~BT" EPFunder Para 60(1) of EPFScheme whichever is higher. '

It may be noted for ready' referencethat CBT,EPF has paid inte~~o itssubscribers @ 9.5010 for the year 2Q02-03& 2003-04 under Para 60(1) of EPFScheme.

balance amount of about Rs.29 facssubject. tominor changes, if required due to identifiedreasons causing ncn-reconctllatlon of figures ofSBland IFCI. .5. No new further observations emergedhowever this will become terms for restructuredbonds to be Issued in DEMAT form. IFCIofficials pointed out that they have alreadyapplied for 4 ISIN numbers for issuingrestructured securities in DEMAT form.Securities will be issued within one month t.e.24.10.2004. S6I will submit the securities toIFCI at the earliest for this purpose and get due

, acknowledgement.6. Interest- accrued but not' duelJP .to '6. No new further observations emerged31.03.2003 wm be. paid .,upffOnt'i;U'lq however this will become terms for restructuredtherea,fterinterest will become' due' QS bonds to be issued for DEMATform.underr~) On Rs.250 .crores of restrUctured

debt on 20th April. "b) On Rs.250 crores of restn.JCtOred

debt on 20th July. ,t) On Rs.250crores restrutttJ,r$d~bt

on 20th October. ..... ,d) On Balance Principal of r~t~.ur~

deBt on 2()~' litO. '. .'" .7JIncase ofailydflffl~f~ fQrll\~' .,. '7. No action needed at thts moment, howeverthan 3 months by FFeI In:?e~ng,of'. " " ..•' ".' '.

. interest/pril'ldpaf pft~r,r~~~fing"or' tKIS Will beComea term for restructured bonds.debts, }FOI'mll' be fjable'fdt~"fng .~~. .interest@2% .•over, and~~'~~:@t~'of interest iitT\doveraue i(lterC$t ~tresetrateaforfirst three months 'Of 'ttelalJtt~Penal interest' Win be computed ontheamount of default in ServiCing ofrnter:est/pr;nCi~aJ: .r.:». .

8. C6T, .-EPF wm>'Haveput··bptiOO~:S,~~arsfrqf'T1th~,~~ntoa_,()fm~'(before roUpver)of each $qr~p;,Putqption Ga,nbe, . exerciSed .'t1l:l.Ce in.afinanc;ia! year forselectedSCfips jSS ..pef"option of CSTI EPFafter giving 3 m(;)flthsnotice in advance ..

8. No· actiOn needed at this mome0t, hf)Wev~r'. - . . .... ,- - )'; .. -. -~.

thiS wiYkb(~co(J"eierm for reStructured ~;cts.

9. , .. "tFCl wjU· fumi$b .its quarterly 9. Being compiled with.finandalStatement of accountS regularlytoEPFO. IFC} wi" also furnish 'ottlerinformation. .' required.. .'.by .,..:.portfolio'~""'~!'JI~'ofr:PFOft'Omtime fo iima ....,.

(ThiS' issues with theapPfQval of ,FA&CAOand CPEC)

(

('

rrccrrc('

C(

rrCcC

CCC

c(

(

(

(,

C

C

l

l

l

l

C

I,

~.------'~-------'-'--' ~~.,~---

18/04/2001 86:83 2818746 SB! PMS

11J

'fl((ftq Re ~State Bank of India

~Regional Provident Fund Comm,issioncr~estment), .Employees Provident Fund Organisation.Bhavishya Nidhi Bhavan,14, Bhikaiji Cama Place,New Delhi 110 066

L

1. IBlerest •• cflDatari(y,~

·.~~.tJleissumWhoha4¥~io ~. _~~I;qJ:r~~;~lyoJl.. 'o!;~,a.~byth~",bi~~galnoticc

../I£'Ciuiidas·J.td. .: As ~ ..•·~l'~ theClrihoI~!'JIiI.'S1~rcea~·II1"",n.~ YiO Win.·.~ ~ in,~,

,- -".~;;A,', -~~"" "_,','.- ,' .. - -~ ',- •

l. IdIehDd5·

AI. far asidla·M~'~·wo:3dvise that the concePt of i~ ~ is tobe seen ftobl.,~, •••. oflQftng fbn,d$.•at tho cost of losing goodiJwestmentopportunities,In·:.9_t~ ~··~held ovemight or for brief periods inanticipation()[· ••• ~~ties;they cannot JJe oonsi~ as idlefUnds. 1'he notional loss~~t>Jl uninvested funds shoUldbe compared lViththe notional loss in making investments on that day, toauive at a mocecoJDpRlbeasiv~ 9i~ .

3. . Rfttnlc:tllrfJlg of cltbupay-asae by!FCI :

The work relating to implementation ofres1rUCtured package is being han~edbyour SSB, Mumbaiand Willbec01Ilplpted within IS days.

4. SueeD based Trading- NSE V$NDS:S.

The trades can be executed both in the continuous and negotiated madeet.However. in nego1i_ ~cct, 1XlIdes-8rC~ after the deal i$'$UUdc ana,trade is reported. to }olSE for flashing on the sccec:a. Whereas in the·CJSeofcontinuous ·madt~ orders are enteted by the tradislg UlCIDbets, are rnatdle<lJly thetrading system. On' finding a match, a trade takes place. In case, no match is.t'mmi~dlo·~.~~~-jn q~ tmpiW"g~_"~JIS.'p~vo orderlNSEWrmjonlogy}. Howev'er, the ~ ~.betw=aNSE and NDS inthecaseo{ continuous IllIIIket ere detailed below. For NSE.continuous marbt .·trades.are seen·in Retail Debt ,MUket scpent whilenegOtiated .aet tJades are seen in ~ debt market. A write up of theptQpOsed lUll NOS .~ based module is enclosed. No dates !oriInplementation have been adDOunced but we expect it to cotmDence within amomln>i'twO.

- 2 -

18/04/2001 00:03 2818746 SBI PMS PAGE 132 '

-2 -

nATURE NSE

Order matching .Ordermatching is done on ~ matching is doiteprinciple bestJlvailabJeb~ ~iple .. ~time pripJity. ·lbc

In . continuOus txac.ting..~ buy is the bay ordei.o..o.e:s ar~ executed against with the highest .'bqy .pricethe best bidloffer.pri~C$. ,.. and tbe..~$C.!ll~~.!h~.ctime Stamp is used to one with the "~'. sen~ZC? theo~ '11Vidl,~ ".~ ~.J~on'~"""" . ' ...·.:~aJY•.

Placementorders/quotes

Settlement

NDSof Or(.l~;"an bepJaced on the

.NOS terminal by us as weare a member having NDSterminal.

()r«lersc;~'bC,~ only'with brokers having NSEmembership. SBI, as ofnow, is not a 'mc:m.ber ofNSE.

6. Defaultinp.ymeat ofoutstandiD.g _ter,. d.e •••bdaced •••• ,.,..proc;ee6of IDvestmellt of ••••• of CBTyEnill PSJJ)C beads: •.,..

SSBhas since been advised tQ,~ the action intbe~.

Yo~ faithfully,

L~v ..·aser-·-"--(pMS&'CS)

-...- --~-.--,--.~~-.....".-.,---- 1c

1r1. ~,?-______ C

1('

r1c1c

( 1r-

1(

1(

1(

(1

(

1(

1(

c 1(

1(.)~

1(

l 1\.

1l

1l

1l

l1

l1l

1cl 1l

1l.

1l

"- 1

1

ooo{'!

occ

-

\

--.~--.---~----... -

E-mail: [email protected]

8ySpeed Post

Fax: 011-26186517 Telephone: 26178343

Employees' Prqvident Fund Organisation(Mini~tryof Labour, Govt. Of India)Head\Office •.Bhavishya Nidhi Shawan,

14~Bhikaj\Cama Place, New Oelhi-110066'\

No.: Conf.1(1 )169th CBT/2004· ~.\ C)//Lqt, f

To JrAll Members .Central Board of Trustees,Emplo.yees·Provident Fund.

Draft minutes·of the 169thMeeting of the Central~~,.dof Trustees (EPF) heldon 13.07.2004, 20.07.2004& 09.08.2004.;... Reg. '

Dated:

. E: _t NOV 2004.-::-Subject:

Sir,I am directed to forward herewi.tn the·draft minutes.ofthe· tOOth Meeting of the Central

Board of Trustees, Employees' Providen; Fund held on 13J07 .2004. 20.07 .2~04 .~ ..09~Oa.20C4.c. " ',' c<C-"'r_;*

respectively as approved by the Hoo'bte Chairman. Central Board of Trustees, Employees'

Provident Fund. You are requested tofofward your comments on the ~Iflft MinuteS, ifany, latest by"I .

2.

20.11.2004.

KindtyacknoWiedge receipt.

Encls: As above.Yours faithfully,

/~~~---,/ (,5 .K.Panda.,,)

/

Regional Provident Fund ~ommissjoner (Conf.) -.

Copy alongwitb a.copy of the approved draft mirautes fO.rY,arde~to:

1.2.3.4.5.o.7.8.9.10.11.12.13.14.

~ .

PS to Hon'bte Labour Minister & Ghairman, Central Boar{j· of Trustees {EPF}.PPS to8ecretary, Ministry of Labour, New Delhi . . .PS to DG(ES1C) Kotla Road, New Delhi.PS to FA ,labour). Ministry ofLabour, New Delhi ...PS to Joint Secretary (Social ~), MiQistry.oftabOUi\NewDel~i.Ojrecwr(.8'S).Mittistryof Labour. New Dethi.Under Secretary {SS.I & SSJI) Ministry of Labour, New Delhi.Under Secretary (Finance II), Ministry of Labour. NtW!.QeJbi.All.Qfijce{~~Hea<t~ ..Add!. CPFCs (NZ), (EZ), (SZ) & (WZ).All RPFCs(lncharge ,of the RegiOn)ISROs (Ole) EPFO.Director. NATRSS. Janakpuri, New Delhi.AUZTls (tncharge of the ZTI (NZ. EZ, WZ & 8Z).PS to CPFC y

. (5 .K. Pandey)Regional Provident Fund Commissioner (Conf.)

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

mailto:[email protected]

-"...-.---

Secretary,LabourandEmplo~ ,GovemmentofIndia:\

.... . \ .Hon'Ple Unton!lAinisteFfor t.abOw" and Employment and Cha~rman had been attending all the

I "-,;~~

sessions of the Meeting Of the Centraf Board of Trustees. I also a~ended all the ·ses~ipns. Hon'ble

Minister had nanoid anything on the issue of the rate of interest to a~y Media or lVCh~nne'- He has

only stated that the Central Board of Trustees has been discuSsing t~e issue and a final decision willr . ,

be taken by the Central Board only.

. .

He Clarified that shifting' from single entry to double ,enUy~*stem of accounting has been

presented to the C&AG and it will take some time fQf .them to'. 3Pi\>rove and the organisation to. .. ' .. 1 < .

implement it. As of now, we also have the facts ana figures. As Pertile\ facts and figures submitted to

us by the Finance & Investment Committe~, ifwepay 8.20%. there Wll~be Rs. 9.75 crore surplus. ifwe pay·8;25%,lherewilt~ -rmargtn~t~c.it,lfwe pay more, therfm0rtf deficit win be there.

. I

. Enormous efforts are being m~~by the Hon'ble MU1ister,m~$e/fand my team of Officers

including CPFCfor ratifK:aticm and consequential notification of rate ~ interest for 200Z-2003and• , ,,- • c' "",' _ " , ' ': .: < __ ", ,,' I _ ./

2003 ..2004. The valuable st@}esHons6f'lhe members will be kept in \mind While apPfQaehing the

Financ~Minf5try SOthBtinterest ratecqftbeR()tlfied. ~ ~1,' " " .

J""'me Ud>ou,M; ••••ter and~~nnan Central Board ofTrot""

Consigering the deliberations of the members in aU the sessions and discussion with the ,I:. ,'" __ ' ,: _ '" .. ,,:,i

individual members and the facts and fig41fes placed before the Board the foltowing decisions are

taken:

• Ministry of Finance; Government of India will be moved for ratificatiqn of the rates of interestI

declared for 2002-2003 and 2003-2004, i.e. 9.5% for each yea~. and for consequential

notifi¢ations.

I.. ••Ministry of Finance, Government Of India will be ~ved to enhanc~ the rate of interest on

investments in SOS keeping in view lhetrend· ofirtflation and for cont~nuance of investment of

Provident Fundrnoney in 80s.

• Ministry of Finance. Govt.oflOOia wilfbe moved to·allOw re-investment oflfnterest earned on SOS.. '.' .' \

in SOS itself. \

• For the year 2004-2'()05, interim interest rate may be recommended at 8.~ 0/0. EPFO has to gear

up recovery of darnaqes, interest etc. thrO~ -aspeciat oove not only for ,*eting the d~ficit of R-s.

8

11°

1c

1r1>,··.,C

1cc

1c

1c1c

c 1c

1(

1c1(

(1

(1c1c1(

(1

(1

l1c1(

(1

l1(

1l

L 1l

1l

1l

1l\..

1"-

1

1

0(:

0 ,00

•00:C00,.....,-."

'"'

I~\ ---I

.,

206 crores but also to collect more funds for declaring final rateoOnlerest during the last quarterI

01 '"0 year.

Taking into account the earnings of investment after appropriate I calculation, the final rate of

interest will be declared in the last quarter of the year 2004-2005.

The ,above decisions were approved by all the members of Cen~ral Board of Trustees, EPF

except the decision to recommend interim rate of interest @8.5% . for 2004-05 which was. . .

aPPfovw by majority of the members.

The meeting ended with a vote of thanks to the Chair.

9

t\\

- - '-' '-' '-' '-' ......., \.--,......., L- ~ v L -.J V ~ ..Jv V'0 <:» V J '-" v

•...•. "..~ "'-'.~ ." ", ..••. ". , ';'~ , .•....l11·'•.~~"'."I.r·.,' ••.,-,· .. I·I!..; ••••~ .'.,/' .• " ••••• '.

)

)

)

J...~., S.N.

~ 1~

~2

w 3

~ 4

~ 5s 6~.

J7

~8, 9.,

~

~

~.,..,

Consolidated Annucl Accounts\ .

for the year 2003·2'004 .

Contents

Income &Expen~iture Account· EPF

Income & Expenditure Appropriation Account· "EPF

Balance Sheet - 'EPf, ,

Contribution Account - EPS

Administration Account - EPS

Bolance Sheet -ePS\ ,

Contribution Account - EDU- -- - - .

Administration Account - fDU '

Balance Sheet- EDll .•• 0' •••.•••. ,:' •

Employees'Provi:d1entFu ndOrg,a·niso,ti;onCo~porate.He,Q:dquQ;rlsrs

Ne·w DelhilIt...

-:J ....J .J -.J -) )

ANNeXUf.& -L"1

Page

1

2

3

9

1011

- - -----t3--- - ---

14

15

J

J

) -,J,.,••~

J

J

J,)

•~

40.697.527.99 3 ,TA&LTC'57.769.380.56 4 'Pel1$ion/FamilyPenslon/Death-cum-

jRetlremtnt Gratuity

0.00 5 ~) Staff PrOllident Fun<,l(Board's Share),597.620.75 ,~)S.P.F.O.L.I. Santlil.

731.050.(120.26 e e) Other Charge, (Recuo1nglt Non-recurring)

P.

, ,~93;502.~7U8

~64.t46.6a6.09 2

3U72.254.62

7,720.082,24

0.00

3,1G1,456,a4~;39

603,654.331.05

37,728,395.69

0,00

2,305,082.674.89

, • \) , 1 ' .> r) , )) ~) ().~ 0 C) C)::) 0 'J (),J')

EMPLOYEES' PRQV\P~NJ~~la,0)R!GAMlSATIONINCOME A~,i-X;P;~N0IT~~~~~~t,~"FQ:l.1'.YEAR2003:2004

(t;l1lp/Oyee'$(pr~~r~ent.~"'!l#.$~~~e,1~~~·

(I)

P.

U60.307.101.59

IAllowances & Honorarium

1 Rec:.elp\$ by~·t of MfI'IlnlslratlveCharges. InspectlQ!) ChargeS

and Penal Damages

701.410.015.92 2 Interest earoed·Plllnl{elilmentohwplu.Aj:Imln\$\rIUonFund

,~,579.92~.~ 3 Re.celpt (rom Pension Fuoct ,& Other (II) t427;2~."76.95

49.742,888.99

4&9.823.758.037S7.005,6§§.18

0.001.Qji2,81Ue .~

. e1e.im,t70~~3Accounts

29;591;032:\:6 •• Mlsc:.ellaneoua Rec:.elpls 40,477.~8.01

0.000.00 5 Exc:••• of Expenditure over Income

~) Maln\el1ance o!Office 6ulldlngslStaff Quarters

33.2~~.840:62

t ,','7 fl Grants 13',:llS4i3'1U7~) Refund otG.I,S. Savln,llsFund ,',P.OO

To~alExpendlturelnc:urfOd ()n·EPF~c:~~e ••\,~· ,~,,73,~~.tH;7Z.8 ~xQ§ndltyre IO%lrre~on Mmn, oJ;' '

~) E.F»,S.Scheme~ e,o.L.I. Scheme

cj A.E.(C.O,) Scheme,9 ~ce$$ of IncomeoverExpenditure

1

669.,544,71U5

41.840,544,$6

0.003,900,3",3.,.81

6,077,922,244.48< '"~,!

Paget

I \~

--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---

,'

'-" '-' '-' '-" '--I "--'" "--'"v \,...,.v v L \....-' I..) '-/ J -c,j

-..J '-.J\

"'-".J .J .J ...J I.J j-)J

v -:»

," EM~b()~~;!RI!Ci)~~iJ?\J;~~:iSl6~ •• At-tNCO~E~AN,D,E~~fSft4!I1.');ll\l.,,~p~~rl:QN.,A.O~O\JNT.(20()3-2004)

(Emp/~.eS';PrittltlefitJMnd Scheme, 1952),~\

"

0.00 1 El(C8asof I:Xpendlture over Income500.000.000.00 2 Provision 'or81J11d1I1OCon'l~ctI01'l'tltld~,f21,74U8 3 ProVision for MlllnleniltilClt(Rtpalrs.

RIrle'iV11 .ndR.placement) FUnd

1.iao.954.92U1 " Balancecin1ed downJo B;al8nce Shnt

IhGO500.000.000.005UOS,S8MO

.2.39~.q.2.614.89 1 Exees, of'lneorneover ~endlture

0.00 2 Balance carried down 10BalancaSheet,

3.900.3a.8.353.~

0,00

3;340.882.lf89.41

. . I2.30S.D82~81U9 i' ,', TOTAL 3~OO.311.3a3.81 2i~~~M#2i$74,8t TOTAL • ~ 3,9,00.388.353.111

Pt!yloll'V,,.,, fOo.$,rw. CU$,ent YearI(1) The acCount$have been compiled on .clual

bllSls.Expentf.ltllre lncutrl!d ,.00 Ad,mlnlStratlon ofEmpl<)yets' F!aoSio~~~em~ ,due!:xpenciltutidfitUrted on Admlnlstrat!on ofA:e;C.C1.ScI'Ieme

Rs,1().84~;,"2takh (II) RS.~.565.76 Lakh .

IRs,! 0,00 LakhRs. O.OO"La~h ..(111)

(III) E$Umatru\ eQlIIIIN 01 arrears due !romlD!employers bVl'DOlf$C9llled ; .

Rs. 4.9.46 ...~.3 L.akh{. &) Admll1lsttaUII& Charges

b) Inspeotlon~haIges} Rs,5t707:30 Lakh

C\.-., )1.' '. " ... ' ~

~~'FINANCIAL. AtlVISOIt& CHIEFACCOUNT80"I'CER CENTRAL.

Page 3

I'~

•J

tJ

J..J

~

.J

"••~

~

~

".,"~.»,.,.,•••,~'

••

"\'I ( :' (') n ,')

(")" " " o o Q~() ') 0 0 ') o ')")"

EMPLOY,EE,S, ":,,.,...p,.',,".~. a,;,'.',J1.. ';.;.!P,",'".,'.,.',·.~.• ,',N,.",· .••,T,.•'.,;,.·l.,', ...,·,,".'~,'.".'•..'.'.'~,.;,\,.j'J,.',·" •. ',",,'·.,O,',.,','.R.,'., •.,',',:G,'·.,·.·.fI,.,.,.,,,~.,,'~~A,',;.~~QNBM~fi40E~Si1I£TAS.'lt3~§r,~"~~14()04(EmprOyee$':PFov'ld~ht J=un(/Sciieme, 1~S2)

•

1 Employees' Provident Fun~Nc

2 Unclaim.edDeposit Account

7,987,896.610,71 3 Special Reserve Fund

4 InterestSu'pe"" Ne :23,601.089.984,60 a) Balan~ In the Account to be

credited to membe(a Account

upto 31.03.2003

59;530.113.549.64 ,b) Amount re~lved during theyear & to be crollited to members

i Account n(j~ yearI ", ,

III

IV

V

'QvPtro'Dt ApsoY'll :.) Employees' Provident Fund

b) Staff Provident ,Fund

c) Penslon-QIm-Gratully Fund

d) AdmlnlslraUonfund

2 laD~ !oUvJ1d1r,l

xvXVIXVIIXVIII

9.42.9.511.660.93 ' 653.471,61~.479.4Q

6.746.253,166.72 2:253.786.7-57 ~8

,2,57~.()05;.01-5811.116~.266A83.QO,.,.,;. .VI 23.321.644.776.42

60.766.971.752.78

'2.079,4.tll~~14,,,~ a) AslelJ acquired

646:034.133.17 b) Advances paid

$4,t/'~6,~ti:~~ :1' Re,CQverableAdvan~s .'·;~2t;M.1'Q:§,3~~. 4 Sp.ecllll·Role/V~'Furid

(Re~vefllble) •

XIX

5

\{i!vtl1IX'

~

9~~.876.20 5 Security Coposlll (Advanceto parties)

501.990,206.60· 6 RemlUances In Transll

37.849.80 7 Cash In Hand

*~,911.411.t7 8 Cash In Bani<

89J.GlI3,68U8 II Sundry Ceblts

2,282.393,0'02;02'

199,1:M.160.92,3,160,796,70PJ•••.,765i45~,P4.31

a:2e1.~.1.4a

2.~60."aO,"80.36.1 "

t31.819.546.96 ~lStaff Provident Fund 1"lerestAte

2.611,369.926.20 6 ~enslon·cum-Gra.tulty Nc (Staff)

-1.486.326.262.66 7 Irveatment Fluctuation Account1.052.896.46 II ~ecurlty Deposits "

717 .120.079.991.49'2,601,751.062.62

3.,144 .53,7.056.~1

15,62.2.013.419.58

2,Q.48.4611.()Q5.66

. 1.1~,562.AAs·71;, '. '.: "- ..509._.0&5;48 .

559.784.545.93,:1

2,518.376.10

)Q( 57U~5.5Q,O.5348.051.51)

·1.297.878.940.17S06,843:94oi.:t:t

XXIXXII

6511.9",6S~:3S7.28 tOTAL 711.U4.$44;1.,.~· ~~,.t',17.;~5~;$1·. TOTAL. ~.~ 742.919,953.1a;:23

I t.r- Page 3

'-' -)-"'~

J~

J;),),J

•_.•oJ

rJ

-',:J:J./J

~

3

~

,~

At

••~

v V V

"

'-- v G G G V G .: C, vU v ", v v -.J -.J .J ..JJ -)J jJ -.J 'J <:»

5.218,859,880.08 9, 40,828.348.86 10

10;21'.032.074.82 111'O.Oall.~10.39 12'ift.112.45

, .030.900.757.13 13

<:»

EMPLOrEfS': ~~Q~t~i~1;'~~~~r~~$At:41$Ami;~t.EJA1..AWCt:,~tt~t;T'~,J>.t'31Sl·.~ACifil,·aGlO';·

;:i:~·.':~ ,':;1><;; ',;~,:,lt:>,,: . -."::,', ""',' ,'" '--- , .

: (EnflJJ4yee$'F!ro~1(i,~n~FtJ/1Jt$r;l1em~,1$JS~)",;.:}: -, .,"''', -,'--'."','

TOII'I BiF

Building Conslructlon Fuod .'

aulldlng MIllntenance (Repair,renewal & tepla~lT'Ieot) Fllnd

~evenueSurplu~.~)Qrolrip Insurance SChen)HQId)'

b)Group Iniuranu SChe"I>.(New)

Sundry Credits

XIXII 214,984.651.25 .

742.919,953,19•. 23

..

,\1

')I

i

Xfll ~~,5.$3.815.~7~~6! !, ··10.o~~.~io.39

~311.~31.961',357:139,3$1';42XIV

·i~·

.-

• Pttvlg.ut¥f,r FAInNgt!'.,' '" (I) ~!~'"'hlvl'''foncorl1pllod 'on aclual buil,

(u) eSlIIII'ltd lIhounl dM from III, employ"r.but r10t'~d:

R~!1,.'!1;~.~.OIlLakh (.)5p;,- CG'III1buUonRI. 1'.28M~ Lilkh (b) Panal Damagas on Contribution. Admn. Charges

fnd Inlpec~on ChaI'Vn

(iii) Thelnvls,tmemofSPF &PI nslonoQJm·qratully Fund'~I~In'tIW'8jlllll:e SI..eetat Cost Pc1ee.

(Iv) Dill 0( i\.S\lili:l~"qf\S~:u-FUlldol ''R'I;",,'88:'"*.o18.Oe ~e-coSl of Land and BuUdlngacquired II on 31.03.2004 including IhladYaneat

p*1d I. Rl.3t7,IO.21,10M3 and the balance ofRIJ:?7,?7,t7.915.63 Is Inwsted alongwlthEPFAdtnlliisU.Uon Fund.

:~J.!trentYetr

,I~a, 1'.86.280.00 LakhIRs. 18.646.93 Lakh

(y) AJllI1Iifbc.clAuatuxcepl Lll1l1 & Bulldlng arl treated

•• Rtv__ ", ••• _._". ~on Land aBUIlding II per M.,lua' provisions,

~/~ .(ANIR~ (AJ ,I SINGH)

FINANCIAL ADVISOR & CHIEF ACCOUNTS OFFICER CENTRAL PROVIDENTf'UND COMMISSIONER

Page 4

" b

. 2002':W03'

4.820.049.2:19.S,j456.378.659. se21.&&8i,464.0719,024i848.C2

5,317,341;211.95

0.00

P. SSiH~pUk~ N2. I

• j' \ )) r) ) ;) () ~ f) rj()

:14

Administalive ChargesInspectiqn ChargesPena\ O(meges7Q Inler~$1

200~2004RI.

2002-2D03 .RI. P.

TOTAl

P..VJJ$I'I~,~RtI?lI"t ~~IiS!WDJI

BalqUIW'atiBalance Sheel1i1.55UOJ;08lfZ;II~."~I.~,~ Add: A/nOIIAt"~lffed d\lfll'O..".t)leyeat'33.1JII.037.18 . 8)obSIl.'1.~ .. ' TOTAJ..

: AInoUI\t piId ~ 1/11 y~~CE

~'~§P~kEtWo Y

29.579.924.0£5 2 From oth4lfAQ:;oun~29,579,924.45i TOTAl.

Olt'II' Q(Bm!R\trom IIlb,r,!cc9ynl':1 From eeL Fund tor Admn. of EOL!Scheme2 From olhe~Acc:ounls

I TOTAl.

Ap\o\intcrocelVed from ~,rsIri(ere.lpn SRF ~I

:. TOTA!-

~rpild at ~reUel,.~.P.ald from SRF ~" ,. TOTAl.

fW,ANCEL••• : 1

iO.OO 1 AnIounllr+ferred to other At.c.ounl$-21,799.924.45 2 Tran$..lerr~.I.rom. AJcNo.2IoM;No.4&

Vice-Ver" per Reg\ollal OffICe At.c.ountaand Head ffice Account

TOTALBALANCE

7.180.000.00O,CO

7. T80.COO.OEl

.21.79U2~.4S29.579;924.45

507.158.609.847.,01!.dd:

75,287.667.50260

830,832. 119.92

54.408.315.033,221.541.532,30323

639,226.956.80o.ila

1.1t$$ :

55,062.804,7756Q

548,611.315 ~5

20,050.471,111.60, 3

0.00 .(

2.S86.257,7S~ 54

2,575.633,15-:.53 5

41 ,690,20~ 00

;,1,065.468,354.82

. 01Gl.488.4.:~

2

ContribuliOn~(incluQing relund 01withdrawal)racelve'd i,CootribUtiOn'l. eceivod by way of transf,rred,ecurilie$ (H Office Contra)tnterut Clo.dit d 10members accountOther Receip\~

34

TOTAL

Payments mad\lto out,going memberson final setllempntPremiapaidon~mbers life InsurancePolicies 'Loan paid to me\'nbersEmployers shar~ forfeitodUnclaimed Oepoj;it AccountMiscelianeo\lS P~'ymentsAmQun( of sece ies transferred back 10exempted estab1i hmenls

, TOTALBALANCE

.• ' .,', <". ...... ~§i~~~ ti°. '4IPI'~t.tJ9~!I~6R&QIIQ~:

7UIl4.aa.5.51l4.7~ ':"II~ . per last Balance SheetL.••• :

54.408.3 15.033.~ .' 1 Inler•• I,«td!Ie<l \0 members 'cc.Q\jII\0.04, "~·,I!IIer•• on clellQlita refundfldlo,.... exemp~~.

.1I1teQ p#,IcI.1o vend9rllmer"l~on SRFNe adjUlled

··iIi~t"lI.edotFklctuaU9n Nc I!diullfldTOTAJ..

. fI~ln~ Aec:oun\I \0 be crodited to23.~()1.08~.9I\UO :.' 1b':'~CI'j~ GCOunIa uplo 31.03.2Q04

~IH '.-,.59;077.48t. 78.,5.~~"'i:"IO~r.'tl,~ on Investment 01HCUri\iOS

22U3.II.13 2 Inter"t on'Javing BankAccouoI$ (Contral)119,~~7~8.31. 3 Interest on $Iving 8ank A!:counls '(R~ionoJll.169.2S7.11 41I)tv.rlls.llW,,~l;Itits received Irem 8$US.11.490,IIZ2.54 5 Interell re~hd from members on loans.

360.288,518.466 F8I\I/iQlRlag•• on belated ~bonIreCeived . ' .

TOTALBALANCEr . : ~.A1~'

"~ .. ,~~~

)J.l'R.', .•..•.....XQMAlLA..-p.p'eJ Blance Sl.".~

lli-" .

('") o o 0 ~ o 0 0 .o 13'J

2003-2004RI. P.

6.345.667.21*,853;646.~1I.072.~

, ·~"f,ijl.tl{~'5$3.124,6$1>;50

.9;4l$,i(1;~:93

1.~1I7.896.610.71

o.po76U50.1711,~••74ij'tCtilfzq .i~)'· LP

"-6U71.oo64&.3af.Q9.4~20.00.

'.7,q·m.Nili! ... ' ...

83~1$1.~3AA4.2"

5a.G45."78.~GUO0.00

5P5.0;l2,211.50768.660, t78;02

0.00

r

~~r"7f~23.a21.~4.77U2

,~ ..., 5I.118:1,1'U8f.111

·'·'1",~.61160,7046,1?O.21'.847,~2.48.~,349,1)31.83

117,828,t811.38

60,768;917,752.78~.081[8a',529;2()

Page 5

'.-. ,",.' '..,~,'.... ".1 •-rt I.. ' .,

;.;" ·C".'" .'

~'=i.,,",,..•.~.~:-~,I,., 4

~J.\;)....,~..,{~.. ~

,~t~

,I ~'

~

~

I~

.' ,~

'..-;~:~;~;'~~.'f"~

:y

..•...•. '-"'... '-' ""-'\,... '-: \......- o (..;v

.' 2002·2003Ra. P. S,CHEPIJLE NObYlI

A. $tatf Prgvldent E\md :1.766,390.887,19

Add:875,978.64f.6o "

'0,0'0 216U80.429.~ 3

2.609.049i95't~t.

Balance as per lasl Bolol\CoSheel

ConIribullo!nl(includingrefund 6lwtlildrawll)80.lds' Shareinlerest crediled 10 members Account

TOTALL'''i

274.603,400.00 I Payment mad. to outgoing members, on IInal sa\llehlent

0.00 2Prelllll p'1I1d01lmembers Uiel/lSUtanOlJ',Yotldi.· ,

242.182,790.00 3 loan paldlo.metilbers",121 ••••••go, 04 Olhat payment, {transter to other Regions}"3;4tlMg!iOO, TOTAL

lt02S,US.!24;j' ." ,,' ,', " "BAL.ANee:, I. leeHe bn.fjrrtd fromoth" R'Qlqnal40,74',$08.17 ,811'11'11:181' on 1$1AprIl,.721,14!.gg. Add 1.,AmounI \r$na(~to the Aellion.107,4t7Mt.1" '. ,', .. ".', . " tOTAl.'72.S1211'S'~\.\~'.I· ~I ~ trom olh.r taQlonla.4.U•••••••1t '. BALANCE

2;°'°,,,80,"°.38 TOTAL(MB)

IU22,1H.95

. '."'" ,$CHIQWEt/1b VII!1!4!tPtoYld,"tellndlnttttlt_Wnt :

811.,. •• per ".il a.lance SlIlilAdd:

220.50a,550.74 1tU,1I1.S0 2

·aO.,U1•••••1'

Inlerm ,.allted on 1"""lmll'llof seMlle.Inte,.~t on Saving Sank Account

TOTAl..: ,1..1.a.:

1811.81<1,0428.00 t Inl~s,t~ilid,~~mb.r.aCOounlt_____ -.=:7~.•84~=:'±'1¥.a;II~.i3;.·. 2Inl.~iIt'PIld !o.,ilndort• 17M~b.Z3 TOTAL,

131,&1'••4$," ~!

ICH!!OU\,E ttO,IX

,;,,-,j.'

ei!nl~a.ni.GratultyAccount:. '2,0&1,4311.$17.511 . ,BtIw. .•• per ,•• t BalanceSheet

Add:300.000.000.00 t

3.10 2233,IIOU2U7 3

2,'20,3'4$,850.03

Amo!rn~transferred fromAle No. 4Int'ie't~aH$edon Saving Sank AceountItlt.til.tftlalfsedon' S'CUrlUes

TOTALL.ss: .

0.00 , "aymilnf;iMdltbytMFtegions8,916,923.113 2 Interest paid 10vendors8.976,1123••3 TOTAL

2,611,369.'26.20 BALANC~

l... \......-Gu0v"-...; v J.....)J V J,

<;:....)

2002.2003Ra. . P. SCHEl?UlENo. X

InvtUmo.yn'eluCI~\lOQAptO\lnl :1,173.329,764,&8 ,Ai tliln l)nredellli)lion or securities 8<XXlunled, . for upto 20'()2.2003

8 <9!~i~i$on pYrChaSGof SGCUritiese 1l1\.r:6S!orF.luQ\wation Accounl

TOTAL2.949.6311t!6Ih4~lt . ...... . . .~Qlll.es. ~ GalnII..ou on sale ofS~riUes:,

u~' _" • . ·1,48&;326i2I1U SALANC!

2003·2.004Rs.•

....) J J, .)J....)

b003.2004l', RI, p.

·1.486,326.262.66

; ·3.279.128,031.65l .0.00r",,765~4S4,j~.31

'0.00.:4:165,4$4.294.31

\S;218.859.88M8i\ 500~OOO,000.OOi. 229 9$9 137.97 .

·18;~"':!19)Q!'.Ot~,~~.oIt'lilcl;". B.~kllI'!Q~1neIud1ng .mnces pakl..' Oil~1.3.0:41a".. 3.171,02i.·..10U3·1;id.~:~'YIIl.~~Ior~OII purpos•••• 01\ 31.~.21Xl4 II RI.2.717,7919tS;e3 .

. ,

. . . "iAULIiNq. XIIBMllf.,t4llUDAiltA·(Sep·!t Ilne~I!.

P~1ont made during the yeartnt~real credIta<I.1Othe Fund. \' TOTAL

.,tail.li:Vmlf.:10$,756.434.50"'·B._.'~ila$1 Balance Sheet

Add:2".127.7045.38 1

2Amoui'l\ appropriated from ReVenue Surplu$tnter •• late<lltad to the Fund

TOTAL .

'CC~iPUL'i No, XIII.,.....,.' . . Rmoy_ :

_.493',222.12U3 ..•.•.•.... '.' e' .•..•.•per last alliance SheelAldd:

U111.115.~ L.1..t80.~54.92".5i 2

l~1)y 1I\.R'eolonal Offices..~cvitrExpendilure

tt&iI~ttt6in1ncol'il1l and ExpenditureAppropll~llonlcounl

TOTAL, Le•• :

$,364.159.00 . , Amo\lnt ••djusled by the Regional Offices0.00 2 exc.a$sOf ~nditure over Income

~f~1tOm Incot'neand ExpendijureApproP!l_tIorikcount

tOTAl.BALANCE w-J '~ --,

NAH.~Nt>E~

, \1 t-

I 140.828.348.66

!i 59,505,88>1.40i 1.4.~S04ta.191 214'!8,4;tS1.25e

iIt.271,Q32,014.S2

t1,774,211.00

~,3040,882,469.41

t 49,873,280,670.00

;

.__ if "TIij,~aO.87

ilia,S1 ~ 414.56

PageS

ww~

-.l~

.;)

3

~

3

~

~

~

~

~

i~

~

I~13

19

I·4j

4j

~

~"~

2002;2003Rs. P. SCHEDULE No. XIV

I§~ndry Cr!~it§ :A.! B.!a!.sa! :

328.298.350.07 ia (il Suspense Account (EPF)203.453.086.67 (ii) Suspense Accounl (Admn. Fund)

1.191.058.26 , (iii) Suspense Account (SPF)4,508,601.18 it> OverPayments7.618,288.47 ~ Irregular payments

0.00 ~ AECO (OA)Ne895.000.00 ~ Amount payable to EOLI Account

B·lf1lllW:85.699,390.00 ~ Excess credits in EPF tnveatmentAccount

0.00 r0.00 ~

a75,00;,00 •

122,513,33;.00

Excess credits In SPF Investment Ac;c;ountExcess credits In PenooQUm.;(lralFund Inv. AleAmount nollll:CO\lRted fO( by \he ReQ~\hough rec!lJved InNo No.5 from Ale No"Amount credited to Al;ccunt No. 1 but netdebited 10Alo No. 5Excess credil. 10Accounl No.5Excess credita 10Account No. 8Excess credit. to Account No. 9

TOTAL

246,456,403.6026,455,423.882,936.807.00

1,031),$00,757,13

§¥tI;l2UkE t!Q·15Y~YJ~:~~;~~~t::;:~:~i:V:~'D'Fua_:5$8,891,65&.995.74 i . Bellllco II~' la.t BalIIIIce $h •• t

Ad~:. 68,827,194,623.37 Ii Amounllnve.ted centr.Uy (Coat Price)·2,771. 122,355.2Q ~ Galnlloaf on purc:hue of securiU••

663,047,731.263.91 TOTAlL••• :

0.00 l' Gain/LOll on 5ale o( IBc;uritiealV30,641,817.00 2; Securities nideemed during the year \12,'130,G41,8i7.00 TOTAl

6S0,3~7,089,446.91 BAI.AHCE (A)

a ~!!!td!lUtfl!DIWuqby BislQDJ :2,365.aS4,112.66 J Balance IS per ~t ealallce Sheet

Add I830,632,119.92 1 1. Secutilies received (Aceepted Value)

0.00 2 I Other Adjustments---:-~~&:!-3,196,216,232.58 I TOTAl

41,690,200.00 Less! Securiti8$,ret~med to Establishments! (Accepted Value)

BAlANCE (6)TOTAL (A) + (6)

3;154.526,032,586!53,471.615,479.49

( Ir , [1 r""\, .~ (') t) () () o

2003·2Q04Rs~ .

29QHO·03, RI.· P. '. SQt:!lQW~g$q.~I

!1!:4I~,m.nt~§S9lUll ~f~U eulX~WQ.\~l/D~:1.~~l!1Iq,(1I;i.83 fIalljnce ••. per last ~,~.,

,,"""', " ,- .. -. _'_d'· ..

~,,831l,~II~'3~lL 'i;,41~~~\iP,P:1~A~: Amo\ItII\nv.led CI~~t!~\I~'P~)

\I.W..• },•, •.•l\l:t."'~'411O.W lLess: \lal"l of S8CUIiIjeared~ .,101,078.03 2•..5UIG.757.58 1W.Nl<O~

S9tJ~QY~t{.<!. ~J!h~:iI,t~'~I4fSRI!I)12(ftQI!9Q::syr;p'!l[JII(!b' .fllpdf§lJlP : ."j

. ~a.pOI' laat~ Sheet',;'"\1'.1~.Q'Q'~,li$'Ad~:A/nQvntlnve.~CenIfe/l)' (P~P~".' t T•• I. . •. TQTAL," .UJ3;8QQ.QQ L•• _: VaI\le 0, SICUritl•• }~t. """.,.," E

~.~.'

~$(l:IAQU~~f:I.ll. ~U

8aI8/Q' •• s*'tu\ ~ $i\Ht',P\I~.OAlI1.lW AI,1BM33,~.PO Ad~: A/nOunllnvtitld '

1,).'f,7~',3$1."l 1U71;'U,~.9Q , TOTA/.1I_~~~2;;,1;;:2Q;:.:'OOO;.r;;.:'O;;.OLo-': S~. redeemed

'T 1~;"~21$;4.UO .' QAl;.ANces~g~~~,~q,~X

.... .'. R'~I[I.~I' 6sI¥,Q$II,f:§.Ilf1,\ :

f3,~Q,QQ1.16 • C!lnveyweAdVII\QI~~,95a.n0;81 b Houu BuII!IIno Ad\l~: 'ji~,785.oo c Fan AlII/aMI '.

.~p,~85.75 cI WfII'!l CIoWnoA!lv~. 10,9'O,44~.10 1 F•• tlvalAd~_·1,l~8.9;40.85 , Natural C~A!I~~14,.q2Q,879.87 II Advllllce QlP,y QA(l;A

71.4IlUS I\' Food>GialnAd~ ...318,~a.OO· I' Advanc;f~'S\jffCo-ojll1l\IV' CanlUl1ISlora

. j ,corn. AdVlllOt .

k' ~PI~., 1 . TOTAl

§'ij~RU~~~lll~~. &!J1$pl'~'Pln'tt:1SZ,37t;a9UI ..i· 'ePFAI:counI No. 4264,201,2l.\4;~Q, b\ .PF~ntNo. Ii40,5se;$~.22 C .EPFAQcQun.INo. a

0.00 dl EPF~No.lIla,oao.QO • Head OffICI Ale No,4a

44,a27,§6G.po f EPF InvealmentAalounl0.00 g SPF Inveallrilnl Acca!InI

Ii Penaion-cun\-GrattyFund Investment AleTOTAl

850,317,0111,448.\11

1\9

o '-0 --(l·t')

2003.2004RI. P.

.' 2.~,78s,757.$&. 415,443,8Q5.(14~'7lWO".w;u·127,4711,so.o.00

2;COf,tGf,Oii12

2,$71.00s,807.$&789,003,5.48.73

~T~3J9; •• ~1. 220,'5.32,300.003i1:U;A1~!1

, .. J,"~" >& .Y..

1t ,668,288,4830803,741,at5,211.35

~~11~ •••• m. ·2f,aQo,2r5.07•15;_n;ti73;41.l8

57.233.21U8 ..415.~,1'12.aa

151.04S.ootJ.Q6t.75

11.%7o.eOUOt.Q41.32U5

17,722,716.04U17.as

ie~;,,024,10"'4

lO';'3:1"'~M.... -~ ..,..--.~

'''2.087.D89.U~,7D8,070.4023.882.287.25

0.0020.407.00

44.827,fi68.QO0.00

. ' O.PO5Tt,m,5 iOlf"-~-PaplT

'") o O-~.J~') ')

.".;:

-I

II

'-' ,,-,i uv.\ '1.,....-,-.'-" \".,.\ .fI:..,'. '/ft.c, .•~;.C ',~C! .~t\ ~.•t, :.•~,:.·'t .•~.c: •C:·a~' .•~ •~:at;.*•....•...,""""'~---t.' ..".~'".~ ..,..•',,>;,.

•....'.,"....•~".~.~ .

....•. ' .. ~

uuuuu u u G U

2002-2003Rs. P. $£J;!EQULE.NQ,XlI

• •1.297.345.747.15 A.;!a~=;~t~o~ 1 . ',.

~QOkrU?.c.s4 b .EPF~.hINo.2·1,963.357.55 c' eP'fl~lIi N~i 3

..··13;~3Q.$8a.82 d EPF ACcou~!. no::"35.272.57~.59. • EPFAecounl No..52.&~O.9!(j,43· . f EPF ACcounfNo. 8 ." 88'5.19 g EPF ACcount No. 9

·32.524.4611.59 II H.ad Office4.752.323.25 , NArMS

___ ~':-:.8=-0.1~.•0~1IO~.',:,:,82 j EPFAppellat!' TributU!t,988,O$3e69•68.. '. .' ' '. "I'dTAL(N'..... .'••a."al&t'tUtl':.: . .

'&e,34p,ao.c.13 a EPF In.,..tm~1....·22••~.,ao2.71 bSPF Inv.atnl.m~~1

'. ". .i.3z,,"giJ,tf".2 c pen'kII\ocum.d~ti:iity' llive.llllani IVc,.'O\'!/18Of,2, . TIl!~"(81

12,1171.4;1\.17 ,"Jt)'I'~L"t~).181

SCt!!®tI:tlO. XXIIS~DdryDablta : .A.SUlQ'QI' !t!Dc;I",lftesb A!lIjPI/Dt:,

.'~9."M3U9 a Ell' .S3,S~6.299;34 b' Adllln.. . 0.00 c SPF4,508.80.1.18 B. OverPaym.nttU18,m.47 C. IrrtOlllarPaym'nta

D. ED1IIItgUtg.bIt toA£eduti!NO."i •• I,:32&.000,&69.95 • Exct ••• ccounlld rorb~.fU')I ••. traMf.r

10Nc Ne.S from IVa Nb;' alld'VlC.vera.faoo5,9aus b Extra dablt rIIadele Account No.'i

0.00 a Exce•• aeeounttll tofby R.o. ~!I<tr.n,'elto IVCNo,8 fromAle No.2ind~~..,,~ru

0.00 d, Erroneous d.bit iliad. toAi:Cpu(!tNU .,.' . .. . 0.00 E. Theft .

: .itJ,383.ia~in.. TOTAl.

VUUv o

2003:20ll4RI.

1',

:c.~:}i

'~~tvJ~

~A_aJ!~~J,.A.p.r S.Bal.nee S::'l'I't

\;"';

tit

1?--o

o -..J -..J .....J ''0.....J .-..J ..J ..J J ....J

} .

..J

Paa&8

....J ) -"

-". \..,:~

••• •••......

"",\... .,41

'9"l ,"•••~

•••••~,.••t

•

( 1 J) j) '"' ("'\(' " 0..' Q 00,0 /~.ir '> _,,-I.~~. ~ '~>Il");;~~'

]':,;t

~J

j, i~ "')

'" "', ." '/ ~EMm\..O¥EES· PBNSIONSCWlifAE .•·1995

RECEIPT AN'DPAYMENT AccotlNT'FORTHE YeAR 20Q3-2.004. ,,' ,.. ' I

.(CoFltrlbtl1;lon/(co.auittj; I. ~.

400.391,655,190.38

43,878,434,524.81

3,829,862,491.00

Opening Bl)lance as on 01-04-2003

(a) Contribution of EmpJoyer~

(b) Contribution ot GOIiI. 2003-2004

469.025;784,839.54

54,925,475.869,19

2.2ti.540.2Z7.00

2,280,459.723.00 .170,137,509.00 (cl Arrears of contribution of Govlup to the v.ar 2002·2003

l(iAS2,600.000.00 3 interest on the balance in the PublicAccount

18,1541,3.00.000,00

41,nS,803.1S 4 ,Interest on Saving Sank Accounts

25,447 .Q35,132.01 5 ilnterest receivel:! on Securities

6

98;067,300.73

2a.635.212.798.59

184,577 .841.30

0.001,303.421.193.60

0.00

(a)

(b) ~enlral Contribution Account No.1l

"'~O.426.0a8.491.66

1 AmslIIolRIls! 199yIQ91og'memQ!~~\Q§t!2l~r!N :o.eo : (a) Amovnl of employee's silare with i

Interest

7,888,397,079.40 {b) W\\MrawallRe\kemen! benefll$

1,168;008.00 (c) Ufe assuranCII benelil$12,096,302,011.83 ,(d) Pension

152.489,952.52· 2 Amount paid. as commission ford!5buraement 01~nslon

0.00 3 Amount paid towards Pen$ion Fundadm/nistraUve expens8I

0,00 •• Amount of •• our!tles transf.rred ongrant of exempUon

. 1,249.728.371.79 5 Amou,nt paid as aCCl1.ledinterest onpurchase of securities

8 QlhgC P_xmtDls :12,218.168.58 (a) Reg.ional ContrlbuUon A~nt No.10

0,00 . (b)iCenlral ContribuUon AQCOunl!'lo.1,1

0.00

8.~7;9.~.336.14636,451.00

14,968,802,01i.63

15(U15,601.91

1,406.730,716.8$

0.00

533.645.511,74

9.50M27,30

0.00

\ TOTAl. . "'!~t~~§.iJ41~f;8$' ·4io;~G;a(.,4e1.e6 ~ / 3!£TOTAL-· 576.642,167,951.65

----------------------

------------

.,~(~

~ANIRU~", .FINANCIAL ADVISOR & CHIef ACCOUtl/TS OFFICER

~~GHIC~TRAI. PROVIDENT FUNQ COMMISSIONER

Page9 .

1'l-,------

--------------------------

sw

<.

------ ----------------

-~-'.,--' .... (..•.'.,.'~.~",>,<,' ' '

-~,,....-,j

:J9.~

•.-•a••••

-~

••••

••••••-'''''''

'~

'ia'.

-- '--' '--' \....I ·V v.'

0.00 1 AmOuntrecetved Itom Government. ' t.s,co.t;or~iI)ln,p.ii&!l· .-; , 2603~oo4" ;, '.".

0.00 2 A/IIoUntreee~,~,p~l'~~r:llndI<IWItdt .dmlnla_lIexpen.es

1.~.8-41,717.1. 3 Amountrecelved.ftom EPFAclmJ!1fstliltionACcOunl CIF '

tlt",8-41;tlMt OTAL

~..~------~~---- ;;-;-~;-~'<!" ------~----,.....---.--

v u v ~pt:nYEtrslP~NSQN~H~E _~95Uv U'f:W;~'¥E~R-200a~20'64

J ~

.1.406,1;1.0,716.95. Rs.

358,576,001,85

301,181.237.15

50,838,120.01

7,845.306.80

88,244,e'8.87

115,204.00

140,025,420.78

1,488,208.&2

8,.,5;,33.42

,•'$03,8504,331.05

• 81.&58.1.73.1.

() .:

.BlFnonOI.04.2003

fl. 2 P,xmenlgnMminlstraUoo:

A) - Be:tOQ!Jt,£xptodlllltt :

Rs.

32••e~8.507.04

55.110;881.90

9.588,990.8594.423.858.59

202;982.58

176.684,41.0,07

(a).Salarle.(b) AlloWances & Honorarium

(ei)TA and LTC(d)PenslOn/Glltully (Start)(e) Sill" PlIMdent FUndbU eeneftta

(1)0111., ~I\iirll" (RecurrIngandnon·r,curllng)

(o·),Ollnl •(h) Malnllnanee.nd Repairs of

Otnce 8u1ldlngJ ,Ic,

TOTAL

2.580.119,84

8.405.174,10

669,544,712.65

B) ClpItaIIJllt0t4!1!!1!1:

cOnsttuctlOn or o~ BUildings!Staff QUlrttrtillc.)

..) J ~

p,

:lG9.544.712.85

8,920.288.96

.. .;«: ~.:...,~~ I:,r.;:, iF!/J~ANCtAL.ADVISOR & CHIE" ACCOUtfTS()FFIClR CENTRAL PROVlIllENT FUND COMM'

:r~TAL

Page 10

..J --J .j ...,.." -:

ll-~

)

~

-.)

J

J

J

.',~

j

JJ),•••;

\,j \"J /

EM~,L.O~i;~'BALANOE :SlitSET

2'.054,341,717,19

I _) ) f,) C) () 'J()OC)C)OO o 0.,0 IJ,/t~f:~:

,---.-'-

1 I;m.....PI".!ees' Penslon FunllConlriblodignInves\"en\ kept InOopo511 WlI/IPubl" '

,A~Urlri,

";i:

f"

356.576.001.85 ~39.775.628.543.$4 2' tnves,*,enlln SecurlUes II! , . ~.oa~."'.~3.G4

-1 :J04,407.262.14 3 Investrpent Fluctuation Account -19.230.453.768.703

516,9i46,492,40 " Sund~Credlt5I

46&.883.532,900.00. ' ,~.l~t re<;overablefrorn Central

,enlt,064,1I",.m.1~ blAmou4trecovorable from Penalon Fu~ , ~5G.$~'.O~t.85

0.011

r4.60<45.714,114;44,4ea ..Jh... t<i.ok...~aIa~ ConlrlbuUon

~~lIV 3.353.7a5.~7.f2

324.~4.6ag)84 5 Remlu/lnces In lIaoa/t

(11;~CO=O:= Ra.40.877.96L,,!t1as on ~1:.Q3.2004

(Ii) PenslQ~conlrlbutJon due trom Governmentas QII ~U3.2004

(lUJ,pe~ AdrnlnlsrraUvea)_I due from Penlloo ~. 36.6,$16.001.85FUfli! ~fon 31.03.2004

.OvrTllII"J/lv,s.lIlllllltln I8e1ji!UN are Jhoil/illn '- BallInC4 Shoet at Face Value. ~

'M. ,~::.cqo..•....unls hav.abeen complied on~8CIUaI.. A.,~ ~ . \

~~ < ... ·SINGH)FijlANCW. AQVISOR&'CHIEFACCOUNTSOFFIC~R CEHTRALPRQVIeEHJFUHOCQllWI$SI.9NER

. Pagett

Rs. 34.295:43 Lakh

R•• U80,469.723.7~

R$.1,084.&41,717.,;t

1'2..$

231,9.45.744:.84

,r

~. 54~.a1,4S,488.00

;).0

~.. C-~W. ~ i

'l\~

,,~;•.w.......\)..\ .-.;)~\.,.., ~~' .•e.~-'i..;;~~,:~

~I.,.;;~-,\tt •. _

.~.~~,:.•e··.•:1t.a.; ~

J -,t,.

'-" '-' \,......'-" v V·-l.; u v

.' 2.002·2003Rs. P. . SCltepULE Np.1

S.undry Credjts :272.454.826.52 . t AccQuntNo. 102!:,.,j!1,8&§.8,8 2 Account No. 118'8,"6.4~Mli.,..

190.193.820.291".86Add:

11.00' . (Ij Airlbunl dePQslted In Public AccOunt170,131,509.00 . (II)Artea,. o!Gm:shiltei.upto2002"200~

3,629,682,<401.00 (II~GoYt 8h.",of c0ntributiorl 2003-2004; ~a482.!og.ogo.OO (Iv) Intare'IQnPu~Ik:'ACCount,] ••,1620,281.88 B•••nO~iI'.~$111March

SCIIJ)UL;E No. IIIInmtm!l)flnlltl,t1t!!I :. .A. Stqudtlb ..Altrgb!!rd OPnnllY :

200,304.348,483.19 . B.lanee .sjlllt IIslBalallCe ShoolAdd:

84,090.125.5t4.15 t

.&~~U'3 4~~ 2; atC(7iiIU!3; ,Lit.;:,0.00 1 Oetnll.Oal onSete o( SecUrIties

2" StCYtI.UIIrid.emedTOTAL

BALAHCI(A)

Amount InV88led c:enttal/y'(polt Portce)OIl1MolS on purdlase of SeCUrities

TOTAL

B, "curlt,.. trap,'t"'!SrtaB,llIoos I0.00 .. etilanet" P"tiat Baliil¢t Sheet

(itcepled V.lwe)Add:

0.00 "d 0.00 2••• ! ,,:o,eo

'!~CUrltl88 reeelved (Accepted Value)Other ad/u$l/T1ent

• ! • TOTAl.Lit"l

0.00 $ecutftlel-retumedtoeslliblishi\\erttl(accepted Value)

=_ .. : 00. i ..~.·~·Of' i . _.'AIiA. H•.·•..~~.).... "1828;R.! . - TO!A~c~

'. ,.,....1~;OUb~No. IVCas~8q'Ak,*Y:::' ..' .2.129,982,46$.75 1 AccounIHo.10

33.140,878:23 2 ~I No; 11"2,482.590.772.',16 3 !lalance withsel Mul'llbai

• 4,645,714,116.44 Salanco as.t 31st March

•

L l... G V v u <:v o uv u I...)

2.00}2004RII.

\

Il.~

...J .J .--.J j2003'~14

;

...)

P.

39J.976.415.848~..• 230.367.763,980,186.79. ,497:376.81

1

Page 12

-..J ...) ,)

" -"'-" .,\

,,~,

"'l?

·)~·• J, "

• J .,

; "'--'~

~3'~

~

)

:»)

;.t';M

~

.,' .,..~'V

;~

2,210,800,000,00677,().47;343.98

1,724,660.2916,652,529.11

16,077.380.00

8 1'')')8 'J:) 0 0 o o ()'J,:::;,;t

iMPLOYe6S',D~jPQ$.lT'RECEIPT ANI;l>"P;VIWENi'

1 Opening SCllanceas on C1.C4.~d~(3) ConlribOlion of Em'p1oyers(b) Contribuliqn of GoVl. 200H0Q4Interest 01'1Inveslment in Public A~ountInterest dn Investment In $eeuriUnInterest onSeving 8ankACCOUl'ltsPel1aFOamagesQ!hR[RR~i!?\§In :a) A~unl No. 21b) A\:~Ollnllllo. 25

Assurance benelilJ /2 Ampul'll refunded to employers on

grant of Ol«lmptlon32,343.5:40',$4, 3 Amount 'pald IJ a<:aUed In~ero~

on Pllre/lu8 of S8c:urlUeS," Qlblt' flym,n\( Ip :

~~7,10.7.QQ." a) Ac;j:QuntNo. 21, '0.;00: b) ACl:Dunl No. 25

35.3Q3.SI}5,17to9 5 Cloaing Balance

".' ,.::.t22,278,241.22'

, i44 ,68.~.tlQ

0..00~~,~O.725.fi20.81146,o.51!,OO

0..0.0.

;~

:;"V,.,"~~

~/~

,~.FINANCIAl.AOVISOR & c:;kIV AQCOUNTSOfFICER c~m PROVlOlllll FJ.,)NQCQ_SIO,;ieR

"I

!

.'•

~~.

Page 13

\~~

~ '-' v'" "-' v '-'I tII '.

v\,..;UUV, u" ,,,.. ',I " J ' I' \ 0 U, U' U U (j UU , u ''-''"'-' '-' \...,/

U, 'Ab'" ", ,EMPLOYEES' DEP~ITLlNKf!t>I~$U;M~;~~Sc,ltti":f!!}1@t~;,RECEIPT.AND ~~~attT'~Q~~~,~·~ffl;aiY!Aa~Qq-3"Q4.?

(~dttllnf$tr6~1ii"Abridttht)" ' ,"\ ' ' .' ,~~.",tl(~ ',.) .r ,\)

.,." ,. ;. ."

.:,'\ ,." '

" I, 'i.: ,~

~~

a"

';j

';.j

,:~." 'V!'i)'4,,,.•• .tiI

-.!1)~-a:--a....•.".

'J..) ,.) ...)J ...J .J

58.615.~;1:1 '(b) AlIOWIInc6$ &,/iOnofarllllf\(c:)TA8mWFCtC»P~nalonlGtatlilty ($\111) ,(8) StertProvlde~.FuI'l40Ll'Biltiefits(I)OtherCharges', {Rectltringand

I'IOn~

93.013.04 (0)Grants-432. " •• 84, (h>,"Maintana". and R.pl,..Of

OffICe BulldingUtc. ", rOTA

".,,~rClAltaltil!lt1$t'i:'4,24 (cho:~ Contll'llctklh otOrile.,Bulldlngsi

Staff Quarieta eto.)

..J

1&.138,712.85 3 Inspection Charge, received 1.,"1$5,7,,1,1.72.

Ra, p,2q\?~o.s)U93,4,ijA.0417.625~~,~n,91

S.90.1.~91,04" .,l.~.,~,5i1,(1t t,038.52t1,26

18'1,257,49"oO.~2U.

41,846,540\.55 141,&,46,5<44.55

1,0t7.:UU5 4 penal,Oim.gesreotlved", ! , '0.00 , 8) Govt. Shara.~1Ite8t& uptO

. 2002-20030.00 I, b) NnountrtCelftdftom GOVlIrt\!nen1

~. co.l of 1!dmlnlstt&t1Oll Of~;ul\tl for tff6~8t2003-2004

1,657,393.21

0.00

".cio"')-..•.•.~~~~..;, ,,/',. '.

557.518.06

190,912.54200,00

;

8.~ls.o99.702,9S

0.00 6 .) 11\\6ral' rMwd (nt'l!iV,.tiii81\1, ftotl\f;dMlnlltt&\1Qin~I

bllni.tflt bI\ sPICI~1'Ij.poIit Ale0) Inltialt on S.S. At:Collllt, 'IS)Int6rtl' OIl Mv8~'

0,00

e~9,925,m.7a'~ ~ajS23.2t

Q,OOi. ~ •,

¥,

59&.1585,619.00•• ;141..211'

0.002 Qlht/p•• It:

U16n.00 ,(8)AGColJntHii.220.00 ' (~l AtJcOunt No. 24 ,,.,;"'\',

SM.~SUI0.00

7 o• ."ftj;:.').~~.H~;UII)ACcount No. 2-4

242,199.170.00

8.070,470,2'41.383 Closl,!g B.I8~

, "11tIOUst." 8:tS••e14,I7B.10 TOTALTOTAL M12,504,UU9

~"""'.~~~,.-.,.

(AH1RUbH'RA! )FINANCIAL ADVISOR & CHIEF ACCOUNTS OPflqER

/'2-6'M;6 _.;.~... ..:.Ir ...•.••••~ ",,\.__ n._. -'.

Page 14

..J

.~

~'I

~

~

~

~

".:'9',3.;J

I~

;.;:.;';'

", Ir -" l'

(\ r: (\ -() -n 0 i'J ~ () OOOOOOQOO o O~r01EMPLOyiE-Sf,D.,esrr;;UNKED INSURANCE $CHEa"e . 1976

e~~~eSHEET AS AT 31STMar¢h,2Q~~

::)70.479.241.38 8.716.099.7Q~.9$ 6.632.216.209.Q$ ~I)ll\f,,~ent InSe~1Ie1 II , 8.42M51~~.[

28.220.014.794.14. i

3O.618~7t4.n4.14,

(II) Oep05lt11n PubUc Account III .\-485.138.682.2! . ,b)F~"" I198.713.895.86

&.100.410.645.23 IV 8.761.U2.159.01(I) Anj.ounllnve,led IndeposllJ

""'''.237.057.31 (\I) An'\OUnldue from EPF Adm. V ~.491,1111.92A~unl

1<43,952.627:37 2 CalhBalanco VI 10<4.313,'88.83

150.758.036.43 3 ReTllt.nce5 In \lansil VII 117.$40.081.36

2 EmptJyees' Deposit UnkedFund Admn. Account

-386.141,713.13 3 - lnve,ment Fluctuation Account

4 Sund" Credits223.061.209.00

l

,~' ~300.983,90S.J4 1 TOTAl. 48,070,400,437.43 43,300,883 •.8M.U it TOTAL ! . 48,070,~,~7.43

! i f i Ij" .,t j, ; .' 4 ". _I . _~ _

...,-.R$;2,4-~~ --r -cDGiCon~jll~IIO~d~~rrOmempIQYQ~'

•• ~ 31.03.200<4 . .RI. 317.111l.ekli 2 ~:Adtfi. and InspectJon Chargesd\,le

ffo impl'oye" .1on 31-03·20Q,43 The \,wellmenlln ,ecuriU'$ are shown In

Bal'iI~ Shoot at Face Valvo.• 4 The ,ccounls h~ve been complied on actual . ~

:.bU;~ ~( , _~~. ~

(~):: _-r - ( SINGH)FINANCIALADVISOR" CHIEF ACQOllf,/TS OFFICER CENTRAL PROVIDENT UNO COMMISSION~

,

R•• 3.446.07 L~~l

RI. 336.90 l.ikh

~

j

,.) .

PagelS

\4.-=1

--

.~~.~1+; ••fo::i;:~lJ,.'1\#';"~':,

~.

~~;~

~~

73.ij

~

;3.~

;a

~9:.if

••..~

;a~~.;L..

:? J~',

';

VL/COGOUOU<.,.)C o20'02,2003

RI. P. $CKE·PUI.ENo.1Sundry 9rtdlt! :

33,285,273.76 t Exee$$CredltsIn Ale No. 21. 113.793.5.85.73 2. ExeessCtedlts In Ale No. 25

1.344.081.55 3. Excess..Cr~ltsin RBI Ale15.492,3~~.41 4 \.·.~~~.~",JI\.A1c·N(I. 22

•. $9.1U,*5$!: .,5 .',j~.~,~.~~~,p.~~ ..'" Wi081a~~do.·· .•.••.;.,"1..•· ...••.•~'~~i~.:~~'f •.~Ma1)C1i

,F .. ··~cRiWn!9;:!1. A. Slel/rllI,' "'r~ba'.40rrW;!!ly:

5.D8.854.058.67 B.Jan. as .per lalit'IB.lllnce SheelAdd:

2.0&4,240,107.18 1:mKlIU02, :C:rn:1.05,L"'I

. - 0.00 1 Glllnll.osson sale of securitiest f!.SOO,•• 90 2 8tcutlltelredeemed

. '.'Utm~Up TOTAL;:iC:f:o •.os Jlllanc. AB.I,cyrWn lPhsftr!JSI by !bllon.:

0.00 •'111" It:plt' I••t 8.lencISI'I •• t(~ed Value) .

Add:0.00 1

• 0.0920.00

Wit:0.00------~~-,..-'" ......•.

':: ....; 'IUtii8,2d:C

Atnoul'liinvesled centrally (CoSIPrice)GaMolI an pm.s. of aacurilles. tOTAL

S'culttle.,..celved (Accepted V.lUe)other Idjuatmentl. tOtALSecurities retumed 10Establishments(Accepled Value) .

aalance B..BALANCe (A+B):

SQMrpW!.E No. IVAmquntlnrultd:

7,329.101,028.23 BIIII:\e8 as perlast Balance Sheet. Add:

74.830,009.00 1896.685.et9.09 . 2

1,100,41U4f.23

Al'hounl deposiled during Ihe yearIntettal on$DAdlll'lng !he year

TOTALLe•• :

__ -,,!!,,!,,!,~~..:;O~.O;.OAmounl redeemed8,100,418,645.23 Blllllrlee aa on 31st MarCh

() 0·0 00 00 uoo200~2004.j~: P•.

2002·2003Rs.

AmMiWg.~.;i,!;.:. . " .. i. A.Tf!'f.£q~~t~~~:·1'0.041;650;80 'SaIIiIlCdis/"l8'sUtalance Slleel

§9HIQUI.;$ No. VIC!lM'Q9~",c.: '

48.11&,82.3.7& .1 ...1~N9.21220.4&;10 2 At:QolI"lNo. 25

,-858.2115.23 3 ACCOUhtNr>.22704.929.55 4 AceoUI\INo. 24

0.00 ,,7.76&,.49 5 SlIlance wi!/) SSI

•.•.: ..•..•••.:.••.;~.•..I!ioi,;if.:'iiii...·.f:I!•.~!iI~o;OOD~Il':IIiiI:-.· 143!IIU,Ur·37 Bilitlee 19 on31st MarchiC!!!lPOkE !119.VII

StW •• IOtt:antlt :128.12-4,741.79' 1 FtomNcN~. 2110 25

532,224.15, 2 Frorill!anlUo A1;CNo. 25i • 'j<!91,4t049 3 FronfAlCNo.2210 24

I 0.00 1 fUt&'8t'3 aalanc ••11 on31st Mirth

l' :I;;;. .

0.00

SCHeUb! No. YlI!SUM!! Q"ID:

1 AGcOWhtNo.212 ~"INO.253 • AccoiInt No. 224 AOCOIlnINo. 24

....~al~(l~~'!l0"31stM.rch

v :JOJ..J..)I

2003';~4 P.

11237.057 ,3~

'. 150.000,00

-..J..J J

I:S~3~., t~~.Ql!2,6.:t.S.491,119.92

~

.1.

' 8.~.5..8.6.98.58, 81.7,327.201.149.297.Q9511.429.38

5.418.of38.581'4.313,,186.83

-----~~ .. ~~~~~;~aA.P.ll.C. Balance Sbect. f

I.;.8.1(!Q.416.f4U3

, .50.910.000.00:'80911.211 reSi!ri8,:2.at:w'j(

.h.~_,,"',*,,-,~LQQ,J 4U8111$2t1,• .o.li.

1'2-8

Page 16

·0ooo~.

oocccccrcc

ITEM NO. Ie.(Revised)

Declaration of rate of Interesito \be credited to EPFmembers' account for the year 20041'2005. '

I. As per the pro" isions contained in Paragraph 60( 1\ of Employees' Provident Fund

Scheme 1952, 'EPF organization is required to credit intetest on the balance .available in

the accounts of the EPFmemhers at such rate as may \be determined-by the Central

Government in consultation with the, CentrafBoara ofT¥stees. ,~P~ra60(1) of the EPF

Scheme needs to be read with Para 60(4) according to whi¢h •.•ill determining the rare ot'• II ~

interest, the Central Government shall satisfy i~selfthat t4ere is no overdrawal on the\. - .~

Interest' Suspense Accoun: as a resdt of debit thereto 01\ the interest credited (0 the,,accounts of members ".

. \ '

2, Prior to 01.04.1993. interest was credited on the opening balance of the year,

From '01.04.1993, the Scheme provides that interest .is to be f~it~ on monthly runningL__ .balance.11

3. The amount belonging to the Fund is invested a~co~ding {O the ,patt.ernof

investment prescribed by the Central Government (Minis~of Labour) [tOP1 tim~ to

time. The current i~ve$tmcnt pattern as. renotified under para'I'52 ofEPF Scheme, 1952

effeqtive from 0I.04.2P03:i$as under: - \ '\

INVESTMENT fA 17f!RN !I,

Pattern of investment to be followed by the non-Govern~llt Provident Funds,Superannuation Funds anti Gratuity Funds. . \ '

. ii

No. F. 5 (IS)-ECD/2001 - In partial modifteatioo of tbis~n.stry"sNotification ofrurrnber F. H(3}PD/98 datoo 31st March 1999, the pat.fem of irtfiestment for investmentf-or tllcremental ac~jonsb¥ the J;}on.•G0v,emm'efHPfOVt6enl \Furtds,StrperalltlttaHon ~Funds and GratuityFu'tlds shall be a~ .fOl.lowseffeettv,¢frbm t s\ Alril,200J:- '

'11

I I' . . - . '. ' \t- Percentage amour.:[m'I"VESTMENT PATTERN u to be investedCentral Goveolment Securities as defined in S~: 2 Ofthe"\.1 -.-,. ------- ...

, Publk Debt A-ct, 1944 (18 of 1944); and lor ururs of such \I Mutual' Funds whichhave been set ·up.asdedkated Funds \t . ...~{or invesanent in Government securities and which have

..•.... 'f.:t~~..YN5!J>x~_U;_.cities~~~~ ~-e:f \

25%

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

(iv)

. , ,.,..., ..- (

(

c("

Coon(]

()

CCC(

C'

Cr'\

(a) (iOVl'fIlIlWIII SC("I'fjlj(;s as cfdillt'c' ill St.·c 2 of III{'Public 'klll Act. '()44 (IX of ICJ44}: created ;lIIdissued byany Sfule .Govcmmcnt; and! or units orsuch Mutual 'Funds which have been set; up asdedicated. Funds for investment in Governmentsecurities and which have been approved by theSecurities and Exchange Board of India; and lor

(b) Any other negotiable securities the principalwhereof and interest whereon is 'fully andunconditionaJly:.guaranteed by ther ".~erytral.Government orany State Government except thosecovered under (iii) (a) below

as specifiedunder Section4{l) of the CompaniesAct; "public sector companies" as defined inSection 2(36-A) of the Income Tax Act, 1961includingpttblic sector banks; and/or

Short duration (less than a year) Term Deposit Receipts. puolte sectorban'ks

30%

the above30%

(v) The Trusts. subject to their assessment of therisk - return . invest up to 1/3n: :

of (iv) above, in private sector bonds! securities, which have an ~,'esltmimt grade rating from iat least two credit rating agencies.

cc.:C'L-.,---'-------------------------t------.---» ..---------~

II. byinvestment

4. To recommend the rate of interest for the. year 2004-05 to the

position of estimated amount to the creditsof the mem~s as on OJ"V"'.-''''''''

Any moneys received on the 11l~turity of earlier invcs.ttilent.sobligatory outgoing shall be invested in accordancepattern pl'eS(?.fiPed:ln- this N()ti:li~oo.

130

cIll. Incase Qfau,y i~$ttlm1ep.ts~~. ~ye bejngm\fXland .

below investment ~e ·~.tl,le same qttingnas been rnl1tit'1il'\f~

rating agencies then the option of exit can be exercised.

o

IV. The investment pattern as envisage.<!in the above parageaphs]by the end of a financial year.

oo()uu

-·----·-··'-..·-'-~··-·~-t;I;~ldjf~;tt~~~;s;.etaFei1iiiiO"OO~~~estimated yield from the Investment uv" •.••••F>'"

single entry system of accounting and in case of Un-claimed Deposit ~CI:;OlIlB

members, interest liabilities are computed at the time of settlement of LI'-'

(j

oooocoo

prove.rou 1(11 1IIIl"I(':;1 i.: III;U!t- 011 accrual basis in the booksrofaecouuts. )\a;onlillgly the

surplus of income over liabilities is overstated tothat extent.

; ..\ ~

5, The investment holding of CBT, .EPF as on 3 LO~.2004 in the provident fundaccount was as under:

o(All figures in 'Crores of Rupees)

Holding as % age !on' 31.03.2004 holding

1. Central Gov:t. Securities 661331 9.21>

.,2(a) State Govt. 5419.75 7.54

(Q) Govt, Guaranteed Securities 533.58 0.74

3. Special Deposit Scheme 51954.77 72.32!

4. Public Sector Financial Institutions 7317.19 10.19i

:< Total 71838.60 '100.00

coc·cc:crrc

6. As is evident .from]lie-a15ove-;12.~k- ·&ftotaLin~-s}ment holdin.gs;jn,lhs .."';·4'~_~."_·,,,·,.· ',--

Employees' Provident is lying invested-ia the Special Dep~it~cheme (SDS). Deposits in'.. '. _c.' . <- . _. . '_. _'- ''.- " :'-. "'•. -. ..,--":.:the SPS earn interest at par with. interest declared for the Smail Savings S¢henl'~s<ind

Public Provident Fund. 1rl the GeneraU:ludget for the year 2004-05, presented in the Lok

Sabha by the Hon 'ble Finance Minister on 8th JUly,;2bM,f tliFtateDf interestori§rnaH

Saving Schemes. Public Provident Fund (PPF), Ge~ililPtbvidentFund':(6PF}ha~.becnproposed to be retained at 8%. Thenotification as-regards the rate of interest on<8[)Si$

still awaited. It is pertinent to note that rates of interestonSDSfr-om Financial 'Year

1986-870nwaRis upto Financial Year 2003~04 have been ttiesameas th.ei'~pective rf,\t~

ofinterest on Small SavingSchemes,PPF and {}P'FaccunmlatiQjls.

The yield of the EPF Corpus depends on the market yi.~d of the debt instrulTl.ents

like Government Securities and bonds of Public Sector Financial InstitutlOlls/Puhlk.I! '.

Sector Undertakings. All. the Securities as per approved pattern are now being quoted ir

the market ona premium thereby bringing down the yield. Yield OR all securities is tnll'

market driven. With lot of pressure on the interest rates, theyietd is fatlingsteadily.--.-" .•"--.- ...'-".....-----.- ..~-....

13/

7. Further, as informed earlier there arc a ICw cases where tllere arc dl'/;IIJiIs III

payment of interest anti maturity dues. Chronic defaulters have been Mis /1MT Ltd. 1\lId

Mis IFCr Ltd. While computing the expected interest income the cxpc{;te~ dues frorn

HMT Ltd. have not been taken into account. Interest receivable from .IFCl has been taken

. @9.25% per annum.

8. Projected interest Income from Provident Fund investments during the year 2004·

200.5 will be as under if rate of interest on SDS continues at 8% per annum ..

(Rs. In crores)CATEGORY

PSUCTG STG

I INTEREST ON SECURlTIESMATURINGAFTER01-04-

48&.69707.55 45.92 1644.04

. Add: INTEREST ON SECURITx·ES MATORlNGONOR BEFORE 31 .•3-2005

Q.19 120.45 134.88 '.13.131.11.

27.31

96.15 101.01

9.28

,.

.

(

(

c:(l

o()

. nGr:CC

CCCCr(

CC

~: (,l':;,:~:t. (e,~~

I c~.'.. (;'.

§ij C,~~ Ct,1 C;

-

(.

Ll.

*Reinvestment rates for Financial yeai-2004l05 :

eTG 5.5%

SDL 6%

STG 6%.......-psu- ::-~~~- -'---'-~"'----""--"-"--'-'-~"'-'-'''-'-- ~..-.-,- --- ~~~.--~-.---~-..- ~.~·..4--l..,..

f32

('

0() •

n()

~)

c:nn0c:,C -

cc:C,C'CC(~

C

l'-

I). Kcellillg ill view .thc above factors, the cstim uted interest IIlt:Olllc and HI<:

cstnnatcd mlcrcs! paymellt hahility (If l 'BOI". EI'Ftluring (he year 2004-0) haw hCCIl

worked out in the following table,

(Rs.in erores)

Estimated interest Interest payment liability Surplusl I, income Rate of Interest Amount Deficit I

!----- I- .:____ 1

i,@7% 5044.84 874.58 I

I

j

@7.25% 5225.01 694.41 Ii

5919.42 '@7.5% 5405.18 514.24l_ i

@7.75% 5585.36 334.061

I ..• @8% 5765.53 153.891

[email protected]% 5945.70I

@8~5% 6125.87 -206.451I1 ---.-l

-" .~.--~,..... ~- -.-- -...,.---. "

The itemw.saeeordingJyplaeed before the Central Board of Trustees.

Employees' Provident Fund (CBT,EPF) for -consideration aorl recommendation of

the rate of interest for the ljnaR~ial year 2004-05 to the Central Government.

,\..•...

.'

()

oo()

()

n·{i

(';

C:CCGCCCC

EMPLOYEES' PRovIDENT FUND ORGANISATIO~(Ministry of Labour, Govt. of India.I

(Head Office)Bhavishya Nidhi Bhawan, l4,Bhikaiji Cama 'Place,

New Delhi -\1 10 066.

No. Invst.1I3(2)2004-051IROI/·51 '?-03.To

• Dated; 21.1q.2QQ4 •. _

!8-0CTlOIf(I - - .-.

All Regional Provident FUlld. Commissioners. .Officer -in-Charge, RegJonatlSub-RegionaIlStib-AccountsOffices.

. • I

Sub: Declaration of rate of interest to be credited to the Employees' Provident 'Fund members' accountsfor the year 2004-05. .

Sir.

TIlls has reference ~{}this office circular of even number dated 26.04.2004 on the captionedsubject, The Central Board of Trustees, Employees' Provident Fund in its 1691h meeting held on09.08.2004 recommended an interim interest rate at 8.5% per annum for the year 2004-05 till the finaldecision is taken by the end of the rfinaneial year and the interest rate is notified by the· CentralGovcl1llll¢f!tunder Para 60( I) of tbeEPF ~heme, 1952. In public interest, Bon 'ble Ministe,rof La boorand.tbe Chainnan. Central. Board ..ofI~r:u~t~~,£mp.to.~~"l!F&Yi8entTtmtt~-'alrowea~<pa;=menrofjDte~~-¥ideorderd:'aeQ1O:lU.j.oO~rat an interim rate of 85% to <)utgoUtg pro~ident fund memberswhose cfaints are being settled :during·the financial year 2004--05. Matteii' cegarding.payment of interest l~~

8.5~<~tothe outgoing members win be placed in the next meeting ofeBT" EPF (or its ratification.

2. To avoid unnecessary harassment to the outgoing members, to comply with the statutoryobligations to settle the claims of the members within 30 days and i to avoid further administrative~pcnditute oa account of set.tlementof claims twice etc. undersigned bas been ·ltirected to convey thatinterest at the interim rate of 8.5.% may be allowed for the outgoing members whose claims are beingsettled .during the financial year 2004-05. The interim rate of interest ism be paid to the outgoingmembers during 2004-05 till the final decisiOn/notifiCation of the rate -{)f interest by the CentralGovernmeat/tarther orders ofCBT. EPF.

3. It may also be ensured that on the claims of outgOlllg·~·~ '()L04.2004 till date onwhich 00 interest was allowedfot·tI1e. financial vear 2004-05, t"eSiduaJ int~ amount be .paidror thefinancial year 2004 •..05. Forpa~ of residual interest ·amount to the ·tnembers whose claims havebeen finally settled during the financic4 year 2004-05. no fresh claim form i$Fequired. TheearJier claim.fonnssubtnitted by the members on.whicb part-payment had been allthorited, maybe taken out fromrecords. balance payment be released and mark the fact on the claim form.

(This issues with the approval of the CPFC)

------------------~-.---~ ...-- ..-..... REGIONAL PROVIDENT FUND COMMISSIONER.(INVESTEM.ENT)

t3l-t

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

Copy forwarded-to>

All Additional CPFCs at Headquarters & All Zonal Addl. CRFCs.Director, NA TRSS, New Delhi. 'RPFC (Exemption), Hqrs. For infonnation&.pecessaryaction.Officer-in-Charge, ZTI, Kolkata., Ujjain, Fari'dabad& Chennai.

5. All o~ers'& ~f,:Cti~ln Headquarters.6. All ZonalDy. Directors (Vigilance)/AIJZonaIAuditcQfficers:7.. PS.to-C.P.F.C.8. SBI,SSB, EPFO Section, Murnbai-400023.9. SBI,T&IM Department. C.O.Milmba~-40002L

l.2.3.4.

(\

. ~nA)ASSISTANT P.F,Cq~IMISSIONER(INVST.)

- ,. --,-,-,-." .. -"".;..:,.~.,.;;-~,-~_. __.~~_ ••_,l.,.c~...••...,~__i.-,-;-.y .__ ,_~ ~ "

--" 'k--'~-r--'''-;; ';""--:'+":.'" '-~" •. "''''''':-:-+: ...,_;' •.•• """~ .•.•.• "'-"_~ .. .".,._,,,..;. ..•••••••.••••.•~,."~,c'<

cconoo·0«G'()

oC

CCC(-

(

C(

CC(

cC'CC~-L

, ~f.r'-

CC

r:t: /t:(',rt:cccc:cC(:r,'--r:'--

I~ NtI4h '" •. f" ---'" "'f"'/I''«~••~ "'1'\'. $G. t«f1n tR'~ SlIO 031. "((~

~"" ,OI/Q.<:JJJ'J-..J.:J~:rH ,.If' ·:'(>·l.:':J3e9~!>t·...' ft\Iil~1'\itIIIntIh;c<kn

(A~WhoPy OWflfJcJ Sl'b:sitJiil'Y of HMT Limited)'HMT Bhavan', 59, Bcllary Roa('O.fI~ltIOi.,560 032, .·India.P!l0I16 Onc,·233303.33~~); ; .~~-;.P.G-Z~33!ii':9E~mail' ; m([email protected]

'"GMFIMTUBonds 7'''October,2004

CENTRAL BOARD OF TRUSTEES EMPLOYEES it-c/\2-DPROVIDENT FUNDSecurities serv;ceBranch .Mu.mbai Main branch BuildingSamachar Marg, Mua:nbal - 400 023.

Dear Sir,

Sub: Red~mption of Bonds I SeiVicing. of Interest on BondsofHf.liT Limited •

Ref: Bond folio No. ~ <t - 0 ~---------------• . . ~_.'c~ ••• ---_.,.._-,·,..,"-."'.--·'"---'"" .•••• ,~·-<.$·

M)touarEi. '~!~"::~Eitoadv~rse·.marketconditions, HMT has,~a&feto service .the iMt~$SL~ard$ the said Bor..t~~ldby ¥o~ilOrJ tortdeem .theScml9 ·.UfW!m~tv. .This. as you would -underStand, was on ..accounl of lossestncurred bytheCQ~Y~ and it became imperat~ •. )he(;overnrriiOflO' ¢OOQ$1";'~nd PlanforHMT. .AccordingfYf5~pursuant. fO~ T.'umar.,.. '~.".' ....~tan.. has.. ider\ti...·fi.·.edits~ ~§@SJI¥l;~'~

_.for.compfe$:$V)gL~ its operatrons. 'l"fii.: ...' any~,,".$I[aleglGinitiatives toT~ its ~" .and··is in .~ .. P!fP.$S.ofachi&vinQ,the~-&v1mjl.veI ena consolidalect ~sin respSc;t··OJ;tPe,,~losses, whidlisaff~ctil'l;,it$present operatiott .:

. , - - - - . . -' -. - ~".':- ", ' -'. ~Keeping in view·the confidence reposed by the BondUQ.Iqft(~aQ~ro( to

cause financii:ll.dtffiOU.,J!i,s,we propose to settle the dues to .BondhQIdli)(.$outofthe funds to~' r-a'~bf flle Company.

'. ~~ 1.---oD

tq .\.~\'lc ,.. .

r \u'~,1 I

./

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

a•• I/

* on'r .Rs.14,6f)OI- pertalqS to reimbUrsement of /egeJlfee and the rest entFJesare I'e.v~sal entries yet to be adjflStad on 8CCOlJI1tofmatuFlly/ interest proc~ .After receipt of details/rem S81, SUitable adjustment wiD~ made. _ . . /' .. --~.----\. r'

--------- ~-

~teItiNo.3Item NO.3 A:

TtlepetalJs of Inflows and fnvestr'r1er1ts:maoo by S8! according tothe prescribed pattern asfoUows:-

INFLOW RupeesNI'VN"'tVlV

Openlng BalanceFresh Accretions.MATURITIESTreasury BillsOthers

INTERESTCentral Govt. Loans 417,lO,69,479.82}State Govt/Gtd Loans 30,~4,Dl,186.30}State Dev.loans 325,38,25,467.O'D}P5U/PSFI Bonds 316,74,49,689.98} .50S }

Withdrawal from S'DsRefund ofIncome TaxIncentivesRefund of AppL MoneyRefund of Bank ChargesOther recipts

10',58,79,596.1710'12,31,0'0',00'0'.00'

}4632,74,1D,O'34.00}

10'89,77,45,823.10'

1,74,52,252.0'015,30',0'0'0'.0'0'

3,40',0'0'0'.0'0'·.·»l4.5.i~,;l~?~·

10.TA.f.;'~W; ' ..•...~2,4$~()~O~.Q2-----~~ ..•f'-~~~-:""-..;~--'-- •..-----••~••.~:-¢--...~F..;.~...;.•~~-~----'~~-t~;..--..;;...);;.-""'.-----------:-.~----

INVES:~S'MADf:~CentF,<»~.E08mi·'State:,GO\ttIGttfl;~risStatif;·~v; boons';·PSU/P5FI BondsTreasury Sitts

Accrued InterestTransfer tGMafnBr.Deposit To 50sIncome Tax DeductedBANKCHAaGESTransaction FeesIncome COllectionService Tax*MiSC. Charges

Current Account

1531~~7<l#2.1().00'},.. }137,38,45,.907J)2}

43O'l,Dl,55,777.90}}

'6_66~68,8D,895.72 .

5,1,.07,30,49().34164,'W,O'O',OOO.OO'

2,lO,i{),626.DO

30f62,575~9&}17,34,649.DO'}3,82,343.DO}

5,O'1,12,219.0O'}

-5,:19,09,443.0'0'

9,18,104.96____ .. ••••.•• - - -__ ;;.._.,J.- -------.------ •••.----.---

TOTAL· OUTFLOW:-----------------------------------------------------~----.-,..-------

136

•.

()C'(,

(

(,

r:r-c:oocC't>

c(';

ccc('

C('

CCCC

A. PROVIDENT FUND INVESTMENTS

(Rs. InCrores)31.03.03 ; 31.03.04, 31.10.04 I31.(,)3.01 i 31.03.02·

, ,1 : Central Govt. I 3801.46 I 4374.12

! Securitiesl-'-~ ,!2(a) ! State Govt. 2068.86 I 2456.65! (b) I Govt. I

f 847.79; 730.46: Guaranteed

i j Securitiesr---! 3. ! Special 43145.6.51 47441.14

! Deposit ti Scheme !

!4 Public Sector 4540.90 i 4986.07Financial IInstitutions !

iTotal 54404.661 59988.44

I

49~7;OO! 6613.13 7723.58 I29(,4.321 ' 5419.75 6172.37

I626.49 i 533.58i·i

492.65

5185~.28 ~51954.77 52032.24I, I

497lt:64/ 7317.1.9 7075.92'i!

65413..13! 71838.60 73496.76

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

(

cCIi

onnn

/

Item -No. 38 : Re\(i~.WofIn,1l~~~ inrE!$~Of Pension Fund.

The details of Inflows and Investments m~de by 581 according to theprescribed pattern as follows: - .

PEN~I<?~. f=V~1?lriVI~I"£~1S(01-04-2004 to 31-10-2004)

• I

I,upeesI

1,~3, 16,484. 3S2152A,9,OO,OOO.oo o

INFLOW

Opening BalanceFresh ACcretionsMATURITIESTreasury Bills 2,2l,OO,ODO.OO}Others 5~65L99•.20,197.00}

INrEltESTCentn3lGovt. Loans 6S2,97,58,972.00}State Govt/Gtd Loans 26,97,16,379.50}State Dev.Loans3S2,83,04,887.05}PSU!PSFlSonds 625,47,24,I23.74}5DS } .

Withdrawal from SDS'"Refund of Income TaxIncentivesRefund of AppJ. MoneyRefund of Bank ChargesOther recipts

G

9/09i~754.32

c'ce,c:r:(1

(\

C)C~(

(

(

CC

C(

L.

1658,2~,04,362.291·-·I

- 6,58~05,lD1.0041,01,000.00

6}79,153:00sc.onoo.oeo.oo

OUTfLOW

INVESTMENTS MADEcentral Govt. Loans 2136.55,93,435.00}State Govt/Gtd Loans }State Dev. Loans 1692,9S,36,828.6S}PSU/PSFI Bonds 5531,49,35,lS9.10}Treasury Bills }

Accrued InterestTransfer to Main Br.Deposit To 50sIncome Tax~uctedSANi( CHARGeS. Transaction FeesIncome Collectionservice TaxMisc. Charg~s

Current Account

9361,00 ,~S,422. 7S

78,36,15,142.57

II

6,87,96,133.00II

49,72,02S.00}32,60,740.00 }.!J 6,40,8G8.00}

6,212.00}

82,38'~977 .00II

----------------------------------~-------------------------------------~------TOTAL OUTFLOW: 9447,23,26,\291.64----------------------------------------------.---------------------------,----

I,

('

r:o("\

rcc:Cc:Gcccccocc

'---INVESTMENT CORPUS- UN~PTED SECTOR

. .• . .. .:' .-~. :.- ..-.:'i

B. PENSlONFUNDINVESTMErrrs

,l As On--)

823:1.50

31.03.01. !31.03.o2 31..03.2004 ! 31.10.2004 I4753.45 I 6386.14 9640.54/ 11152.691

I - i; i

1. j Centrali Government, Securities

2(a) j Stare Govt.I

3475.57 ! 5977.94 !4426.61 !2503.71 !1887.68 i---...- -'

~.,,,~,-;;;496•..15+ ~-. 451.92 II 1

t !

(b) i Goverflm ••••t ,I

Ii-

.:,.., no !., ~ ,;. - !

I-i

; VU aliUli""J.: SCClIl'itiesI

1227.341~I

1339 ...36 I 1339.36 i 1399.361

-'l~"-' -3. ! Special

i Depositi SchemeI

1117.09 I

iIj

I ! I 13508.14 !4 ! Public Sector I 7842.62 9290.26 10369.76 13490.4411 Financial ! I i! Institutions ! I I i II i _., 1

5 Public j ..•17064.191 19019-.381 21067~64 -23333.07 ! 23498.07 !Account ! ! j i !

Tt1ttll I 33216.39 ! 39049.81l 45045.2~ ~2743.87! 55970.42 !t

1

1

1

1

-11

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

--

13,91,388.0069,000.00

rc:r.nn(

r(',

(',

Ii

eC

C('

C()(

Item No. ;J C : ~eview of Inve.stroent ill re,$:ect of EDLI fund.

The Qetalls of inflows andlnvestments made by 5BI accordIng tothe pt~ibed patternas.fonowsr-

EDlI FUND.INVESTM NTS01-04-2004 to 31-10-20

INfLOW RupeesNt\ltvNNN

Opening BalanceFresh AccretionsMATURITIESTre8$uf-yBtlfsOthers

INTEREST ..Central Govt. Loans, State Govt/Gtd LoansState Dev.LoansPSU/PSFlBbnds '50S

Witl1drawal from 50SRefund of Income TaxIncentivesRefund ofAppl. MoneyRefun(i of Bank Charges .·~retrptS·-,,··

4,54,76,436.5881,99,98,000.00

}229,07,19,000.00 } 229,07,19,000.00

19,67A8,931.00}56;61,750.00}

lO.34,20,699.55}20,38,Ol/658S0}

}

50,96,33,039.05

TOTAL INFLOW: 366,72,86,863.63

-------------------------------------------------------- .. --------------- ------ (I

OUTfLOW

INVEstMENTS MADECeotratGovt. loansState GovtIGtd Loa nsState Dev. LoansPSU/PSFI BondsTreasury Bins

Accrued InterestTrar," c>; .': ·'1··..Deposit To SDSIncome Tax t'leductedBANK CHARGESTransaction FeesIncome CollectionService TaxMise, Charges

Current Account

77,lO,OO,OOO.OO}}

51,43,81,199.00}235,01,45,134.00}

}

363,55,26,333.00

c'(

·C

54,676.68

(

(

('

.CcC\..,

li

~------..;...........l ....

'3,00,0.1,328.95

13,91,388.00

1,84,046.00}1,04,738.00}24,353.00}

. }2,88,784.00

-----------"'"-----------------------------------------------.--- -------------------TOTAL otJ'T'FLOW:----------------------------------~--------------------------- -------------------

ll-to

--r:n0n0c:r:()

00 .(1

0cCC0....C

"I

iNVEstMENt CORPUs-U~~J:t1rT-Wi§t~QR\.,. INSURANCE FUND INVES'fMKl\"TS' .

Central_99V~mment iSecurities : .,.

-----+. '_. -_.'_._-_._---..~-.~-.-- '."l!~.StateGo;" 48.90 69.18 i \ 107.9B: 134.34: ;80.23

j'---, -00-' ve-.mrn-en-t---.;----20-.-8-6·---23.0411-;~;-s~'~----~~~24 ~- .-----1-5~'2~--

I (b) ; Guaranteed ' ,! . ~Securities I iI ' __ ":__.l ~_ _ _ .:. _

! 3.' ; SpeoIaI Deposit! 2.0'8 2.29.'.\1 1\,. 2.5...0'..:.'. 2.50.•.·:~. 2_50 ',._ L.~heme .., _:1-'-': 4""'---+--' "'-~-,b-!-'~-'al-~-~-'--to.;....rll-'-': -~19-7~.~2~O----2--5-7'-.8-"-4-'-+1-+\-"-3'-"1-3.161 --~Ol;55 i--40;~;; ,

"

. Institutions ! I.! If .1 1._ __'-+-'_~i 5 : PublicAccoun( 2397.16 26CJO:9t'j ~a2L,O'O ; 3061.87! . 3061.87 ;

. 1 ; . i j------- ..~78Z.96 3174.~O" 31ftl5.~2 I 3904·~3i." 4012.33;

. II '

IIp.7..p"---.---~ASOn-~ 31.03.01 31.03.02 31.03.03 ' 31.03.04 . 31.10.04 .

.171.;53.! . 224.0.4 ', 288.73 :

-\

P'n

, The corpus under differ~n.t seb~ro~ Vfl:J~.Jy'inQ·,jmrE;l1h~9jn. JQ,~'securitiesapproved by the Central Government os under:- . ..:.: f·. •..•.

As on-7

73496;76

.•.... l: ... ': ....31.0~.04 31.10.2004

~,-,< - - :1:' ~ .,.~

i) ! Provident 54464.6-6: 5-99&&.44 -65413;73 f!: Fur.d

....--!......:.--- -.----------'-----------'-------+---------1'5597t>.42 IIi) 'Pension 52743.&7 I

3904,231.33216.39! 39049.81 45045.21 !

Ij: ~L;riC~--.

4012.33 j'IIj

Ill) ; Employees'; Deposit. linked. Insurancei Scheme

'----t---i Total

2782.96 I 3124.80 i 3485.22 i!

90404.01 ! 102.1(j).O$!113944.1$/

The break-up. of Investments In·different secuotleslsQS under::d . '".,.. '.... 0" ,

r---,-; -As-,--o-n-'c-~~--ir-i-3-1-~0--3-.-0-1--'-! -3-1-.-(J-3-:~~-2---'1'-·-a-.-l.-o-a-.0-3----"T"I-a-1.-0-g-. ~-.:~- ..-•.,. --3-1.-1-0-.2-004-' •~..:---'

I ')i I

13290.35,

8671.67 ! .13452.54 16542.58. . . I

19221.531- .•."....•-..,...,

10931.791

.- ,.. --.~ ..•--.-~}. "

. i Ii) StateGovt./G()vt.

!---_-f--l~_uc_a~_.~_i~i_~ee_s_d__!l---..:.--,--_-l-"-!~--__4--"-· •..-·~~·~.:-~..'-~.~"t-'.•••.•.;.l.._. ....a:--"__".'_'"~....,..""'_' ~"'_<'---~~--=~~-..,....>-•.•••.---~.••.•--:. •.•••.,•••~.~••••.••••-_""'4~t_~~~:~~-:i Jil) ! Sped. I I 44264.82\ 4S670.n 53193.11 5~~'6).-·-··'-53434;·f&·"·-~·

! ~~; ·'1 "·1· ~'.'-' l":~·"---~'"<~···'"·'-·::

6406.02 7751.28 11025.675425.45

i iv) i Public.] Frnancidi .! Institution

26559.94 l

14t;~4 17 I. j

21226.88 20973.59

! v) PubUc 19461.35 j 216-~O.3-O! Account !~-+~------~~-------+--------~--------~--~--------------~

Total 90404.01i 10.2163.05 113944.16 li8486.70 133479.51\

238S9.64 '26394.94

()o()

ooooooocCc;o

-.~

Item No.4:Workiftg of SpeeiQI Reserve Fund '.arid·'propouc:l reViSed' eonCfifions forretease of amount fl"OmSAF

1. A Special Reserve Fund was created on 15th September 1%0 out of the Reserve andForfeitureAccount of the Fund to' help outgoing members 'or their nominees /heirs, where an employer failsto pay the whole or part of the provident fund contribution due to the rund. The' assistance from. this Fund is regulated as per the provisions contained in the Manual of Accounting Procedure and .the decisions taken bytbe CBT~EPF from timeto 1im~.' '.

~. TheSpetial Reserve FUDd,is:~ UpeR asafttmfWes~~as-soonastheal:rears'·against whichpayment has been madeftom the said fund are recovered from the employers, such amounts arepaid ipto ,tb~.special ~~eFund.

3. Con~ellt to the dele1lon ..ofthe provision toeft'eOt 'forfeitUre·ofetilployeI'S sltaie under theprovision of Para 69(3) of the scheme, with effect from 1.1.1990 there is no additional receipts toth.~reS¢rye AAd forf~iture3lCCdunt the amount standing in,tlre Meiture:·aeCoont was thereforetransfer red to special reserve fund.

4. In all' the circumstances in which the accumulations in the employees provident fund are. payable. t? ~~}n~m~~. Or:~lll~~ lb.. ;!IDdeLParagraph ,69-alKL1El~_;em. '" ,...'.',~mtL ..

. "sctrenre, tlfe mmmrr is"p311l1offie~lA~for liis,~~~,.·t~mse· iilv_ttJmpsum from the special reserve fund subject to. the following pro~sionsamltheinstructi()flS. issuedfrom· tiw.~.to time.

(i) WIIik, makiitgpaymentfrom.Speci4lreservef~ interestattlte·__ "'1Ift.ty·/Jepaill"~thefadtltat tile dimf4ges~e "otlJeen I'e!lli:!:edf1'OIII .t/IA~p.>

0'.1';' .~-.' .•. ~, -.' ,"," " ,~

Interestf)fMJito.J/ie .Jin1>eiS~tltqrbedelJiiiltt(Jtheifli(trttft~~.~~,as ciQd when thepayment istnt:tde. ' "...,..'

(ii)

(iii) Payment lII4Y iIJsq/Ht 1tffIIIefti1mthe~'~Ju11f1.o.r.from hiswtlgcsiJlltilotp;,iiltJy:tbe'eltlj1loyeI'UJ tlie·e,.~ 1iri;Jrt1i4rmt~"lfJ1rd

mmt/Jer wlUJ leaves ~. covqred ~~Af$~'his ""o~t ftllul .,..... .• ..'~·or II1IY of the ~cea ·ltUrlfll,Oj/lfntl·scItrmtl!.Pa.ywte1ft ~~

,·,:'.~.e~""IiJ··~~~· ..esta"'IUIj~td.·.-'i:

(tv) N(J;.~fIl ../TQl!JthetJPedalreservefiJntJlnQ}! ~ 1IUl£k't~+~~ifi~t1!'YritJent.frmd'f1CC1lIllUkttJ_;;jthffy re!iile to pft.:.coverageand which~ not h4en ikjxi$jttJili'{J:the/~mployeespr~ttfJ!!d. " ,.- ..

R~""':~ Reserve Ftmd'iSoJ1owedeveltto meettfJl!t~1!DIf!it;y&.1n(rj~1!.tj()nof theemp/oyee.'(iilexensoftlte statuIorycontribution) defauitlfdgy the e~l~eJl,t,

(v)

(vi) The amount to be paid from the Special Reserve Fund should .bfl.~ .••..:.....•.•'4J.Ii1. to, be paid tothe member coneemed: Subseque~. if the amount is ~y . '"',tanployer, the actualamoumpaid.Jrom the special Reserve Fund shOuld be crecli..,tfl the.~

1

1

1

1

'11

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

c:(';

CGC'CCc:c'CC:C:(

('

(

c(

C

"'6!:;is~4f~'iif~~tftom~:r~e,~:~t;~~~~~~;.:~ _1he fimds Cstandmgt~ the etedit of special reserve fundas on l~daY~f eaehtipanclal year atstatutoty~e C:

"~o~~~~~~~~~~~:=~Z~ c'itsU~()ri. mRegional omces·and .SUbR~onalofiices on theD~s oE~ests;ueeived i!:0m Lthem.1lte R..P.F.C. (Finance and Accounts) sru.n keep an aceounti of the utilization ofSKF.

4i;~,!~~lt14,~~~ ~ .• "~~~umd~pa~doesJ)Ot C:.•:•.~~scribed~'~ .¥~~, .~i thf' It.'.lF~C(F&A).shpuldensure

.__ .Bti,me!].~J~Y.J.fCt9.·.··;!iom,D~.Qy!I.'. ~:&~egtgt".QlW!illWI' t,t·Q1tiW·· Dl·~~e:i...IJiSO~l1"·a1~nw.· JQlpu;dlw:eutiJIIlodw;'udBlma.lwplIa,LJWIQQ»lJPIl...$l¥S1q;"iai •• ",.J.lJfesew~· ~.e~fi'llUJdIJ""'·-- ...••.••••---~ ••

FIN~~lQS~QN.: ~/

lIt

-----------

(vii) The actual verification of the mnountofemployeesshare~f conh'ib~tionrecove~edfromwages isflssentiolhejore anypayltlfintisatithotiZedi1td ofihe'SjJeCfatR~$erte Ptiitd~'Fo~lliii pii,pose the .receipt of Form 3A (contributiOn card) '$)Jpultl·he. ~So·"t:is'f();~ascertain the amountrecovered every month from the wages of an employee. In case'.the Form 3A or a certificate fromthe' employer furnishing the details of recoveries .effected fr~+~::fJI#g~S()fJhe'~~is notforthcoming, thi assistance' 0/ tIN! area enforcement ojJiar sIioiJldbe sought fbtformshing theextract of wage register of the 11Iemberconceme(iandpayment (!(Ita/special reserve fond should.be authOrized after ensw:ing the recovery of COfltributi6tlfrom/he members'wt.rges and non~posits by the employer. . ,

(viii}1norder to ,.egullmze frtllldulellt CilSe$whenJ1tlYlll!!1l:l,ofpr~Ji!Iul ~ 1t~"ot.1Hte1( IIUItfeto the rightfulcIainuutt· such payIhents due to the· gemtUre C/aimaIft may ~ .~' out 0/ the SpeCial lleseI've Fund.SintJllttmeQuslY actUm should be initUded to t'eCt1VerthetR1fl)UId 1lIUf·- ~ shi!Ul!J'be watchedfor,.e-

r ":,,..'!:t!f1IIp1t11!J:111t~- ":'!'- r-~- <~;''7-~--- ''''''K _c •.•• ?t6:~:t:"'"P~i';~~""- •. --t~:~-_ """"'~M'f<~'~'-1 -.';'X~"",!'c~-:~ -~;".~~", ~-:-"". '''~,' ~•. ---,..••--- ~~ ~---' ~- R,""~'~~ "'-"'"',' .. -, '" - -"

(ix) Before releasing the O1JWUntfrom special reserve jtJi1iI, the llJ'ptovalcif RegionalCommissioller/Officer In-charge of Sub regional Office should be obtamed; A register to record_t.,ptl)l1iI.t:nt$jromthe SpeciiJI ReServe F1t1Id antIils 'reCoUtfnte1it~tQ"'be'iJliiitztained

1--r .~

W AstAA~t!!Ith Belief EMillilf(llScIMl:gMl.withS[ieci01teterVe~IUlW:e.f. L4.95 iltelJenejit ofDeath lleli4' Fund is to be metfrom SoR.E only. I •

i)> - • I ._.

the employers share which is in default may also be paid to the ~pJ&yeeS liidniinees !heirsout of the S.R.F. in respect oftbefoHowing cases :

. a) .Establishments whiehare undet3~Ot\

~J i~~~~'!~!!~=~~~Y~'ii) ~~.?rd~.~~~Q~f?r~P;3~~thr;~.'~~,pr~.

""t~~~~l~~ r~mr:~tQ be ~Jt()m ~.SJ..:V.~Wil~. .~'''' __: ~","...<.F' ..,.~~ __." .., .. _-',,_",. -~.l',,·'_._. _ .",.'1'"~_'. '-', ,;,." '''<,-' _ .'" ." ,-'- .. - _

7.

The financialposition of sRF··from 1997-98 to 2002-03is given below:

c~

()

nC(;

r:c:('

orc:onocccccoC'(

CCC

'--

.. ,:

Amount paid from, SJW __Amount

For ' Defaults "Recovered duringDQ:& ,M.O.di,e y,ear

,,~'~:'t:'oiffJD: ,- : .

55227.53

-----.".-----.-~-.-.--~.------ .~- .. -~.- ....------ -- - ---- ~-_.----.- ~-.-- -.......,...

": ,~In lakhs

InterestA¢crile:don

, .8.RR"Balantein

SRFYear

1997-98 ' ~120.73 46592.161.19 132.21 .73

1998':99 3154.67 734.54 '49170.661.36

374.95 tf42L7214.121999:"00'

.32 61745.25, -.25 ,224.is2QQO-ol

,

200J~2,

1.5().:~ - .

.1.87 29LS6

Z(}6.82 6.2 ;14659.19" .','" ; '-t';', /:'

Alrm>ugh ex1stmgptbeOOlife't08ailctwnUle afuount'oot ofS ial'ResecvtfFund requites actionunder Sec.7A for a§sessmentof aues,Utidet8eC.Sfot-fecEJVof assessed dues, Witter Sec.14and 14A for filing prosecution, under Sec. 406, 409 of J.P .. for non-p~yment of employees'share' ofcontributioil but ,practica1fY aotiOO" taken inthaabO .'JiRes:~ notyieldM desited'results' for various' reasons 'such' as the' esm6IiSlln1ent :'is closed/uhtter 'liquidation,wheteabotlts~oftlreErilpl()yeBnof'l.!(idab1i(~recovery ~',iire'~;by 'a>uns etc. ,

8.

-_," . ".'" .•_••.._. __""""__ ,._,,_,_""" •••.•••.=_.","""';,".~~-_._ •.•..•."~._ ••_."'."_.,'=_.-.-.. ..~ __ •.....o.h_ .•.__ "".."•..#.,_~_~._~~<'O ~_.~~ •••••••.••....•~,""'~-'. ~.,

9, "A&' ~inter_p~ t~~-~~~'to'ttr~inr~r~t ~p~~nnt.AAH nijfto:fhe

~~4~f'~~'~~~f'~~'fimn the

==E?!!!£E=:1fE/ef!fl5E=be debited to Interest Suspense Account. II

-A requisition recently received from another region requires tionof Rs. 5.J 3 lakbs fromSpecial Reserve Fundforth« period of de/aultfrom 1965-66 to 197/-72. The(lntount to be allottetifromSRF may llflpea1', as sinall but the interest.frqm 1965-66 to 2002-0~ w'll be QJlproximate.ly1.3trQreswhich 'will,htwe lobe debited to Interest Suspe1ise Account.

10. Recovery of Interest under Section 7Qand Damages under Secu n J 4B is very remote when thecontrihution itselfisre11Ulining in arrears. '/'htLs Interest Suspense A t is debited by hugeamOlJ-ntswithout replenishments by way of Damages. Proper investigation and ve cation before release of fundsfor a dej(JUltiflg period as old as 20-30 years from the date-'of default/a 'SUreof the establishments, ispractically not possible. It becomes very difficult to identify even ge ine subscribers. Chances forfraudulent emilns also arise.

amount in default in respect of exempted establishments. Accordingly a 'rcular has been issued to all

.field offices. ( Copy enclosed at Annexure L)

(b)

(c)

(d)

cc(':

("'

o(';

r:(:

ooccc.c:cc:cccccC,

LC·C·

CCL

~:----------------------------~--------------~----~------------~.~I

~

Y'rT

o0:o (~)

I

CfocooooCC;CCo

oco

)

)

I'"

)-

(o':MPLO\,fi:It:S'PROVIOENTFlI 1)ORGANISATION" -(Ministry ofLabOUf,GO ''t.oflndia)' .

Head Office ,Bhavishya NidhiBhawan, 14,Bniaijl CamaPiace,

New Oelhi .•..,110 . 6 "

Bkg/.E-III I 10 (12)1 lXISRFIVOIlIV/ ]~ ITo.

All ACe s, RPFC-I s. O.l.C. sofSRO s& SAO s

Date.:, \

1 2.

"noation of fundsdut ofSRF....· to decaUI.tin.g establishments - Manual ofAccounting procedure- Clarifitati0-:J - Reg. \ '

" , ...•.•_. " .._, .,-<-'.~-~ .• ~." ._"~ ••l"__-..,,,.,, ,..:-",--~~-,.-,.. : "..,.,.- .....,.,.. "Pfeasereretito Uie·11~~:t~,to..S~W11rerve Funci'in chapter 6 of the

Manual of AccountmgPu)(iedure,Jan.4f .•A&IJ..B. Apbtin eading of Paras' 63. I (vi) and6.3.1. (vii) leads to ambiguoos j~ .._~j~ul!opayment to -employeeso~lheexempted establishments 0U10(the~aI R~erve Fund'" 'ntalnedby theCBT.EPf.

Sub:

Sir.

Para 6.3. 1 (vi) oflhe ManualofA'CCoQntingProeeduf .'reads as "Paymgot /i"omtheSpt--.cial.Reservc Fund is howcvcr; tobe'l11Il(/conly in respect of the attJQui1tdue Iiamutrcxcmptede$tahlisnml.-"11f" -.

Para 0.3. I (vii) of the Manual of Accounting PrecedeSpecial. R>C8erve Fund, 110wet-'er be made in the CIlSC of empJQyee of an exemptedt.'Stab/isb~~nl, in respect of his s!»lredeductedandnot p. id hy the cn!plo~ycrbcliJrC''~/U1iCt.·/JaI:ion.qfcxcmp(io.n ." ,

blvie\\iofPara 63.1 (vii)off~e¥anual of Aoo()un~in .Pr~Ufe PanU-A&U-B.assi'StaneeWmtne Speci3l.Reserve,Fund is made availablet the members of defClllltiug ••txemp\t!destablishments, after canceMation of the exemption .

Howe,ver 1-he legal advisorl\a$;QPined·that "-tbe _IReserwJ Fu:nd with theCD,T. is Ilseplll1lte fund over Jt'Ji.i~bezePJpte(/ estllbJi$b·.''''IIalrellltiPBship Ilnd/)epce .,.:;::Ib=-:. :..,::S.· _=' I:...R.;,;..• =eS.i~.~"":..;.e::..:E=--.=:;;,.,,,=CJL;.::;=F'====r.:=,-====.:.:.;;=of tbeEs#llIlI!ed Tnlsr

Contd., •

•.

Hence on UrebaS1S of the lcgaladvl~c ulruilned," lsciar-ilica ~,:5~,¥~~lanc('from .the Special Res-erve VUftd should be made avail ble to the -etn"oy~ (••r the -period of default ",bentile establishment was _joyi ••gxemption~aft¢r ~.~Iatiou ofthe exemption", AI1ROsl SROs, arc accordingly advi ed to keep inwtnd the aboveclanficauon while sending any proposal to the Head Qua ers for sanctionof'an~' amountout of SRF maintained by CST. EPF

Yours faithfully,

~~(ANIRUDH RAl)

Finap.tA viS'or&Cb~fAccounts Officer

".

cn()

ooC)

oC)

oooc:CCC

ccoC~"

C\(

c)()C'JC)oo

,-·48

ooooooooooocC·CC

--.-------~--- ~-----

Item No.5: PortfoJio.tna~nt of EPFmoney-c'h.1!uw~payabieto.$.ltI. for the'y~ar-2004-e5 '

The agreement for portfolio management entered into withS 1 lays; down that SBI is entitled toremuneration as set out in Annexure 'A' to the agreement. Thefi as stipWat~ in the agreement wasapplicable initially for one year, to be revised on the basis of mutual egotiatiqns:

Accordingly negotiations were held with the SBI at the I el of the Finance & InvestmentCommittee also. These efforts resulted in drastic reduction in the es ofservice chargespayabJe to theS~!J2[~~~Uie jll.'l~J.iQ-Qf~FQ .•.'~

The.comparative;positioncifthe.~ pay~le t6 SBIC<ir the ,'odftom 1995-96 to 2002-01 isgiven below~ ...' . .

AppUalbJe iDlOOl-03

1) '~5paisepei" 25peiseperTraDsacii Rs.1OOl'ot RSrtoo foronFees.myestmeats ...~

other ·thiia··etMr· thansos. '.,tSllS-.

-"'-'-.~~:"';""';"onmcH~~

Rs 0.03 per Jls100 on Face~ofeftiYinvesbne:ut .

pticitlilein ApPlJdbJeba1~

APPficable in1~2001-,'82'

Appficable in2002-OJ

"

11)IncomeColledionFees

i) A Junip sumcharge ofRs.Slac perscheme, asincomecollection fee.

t) W~on SGlSecurities.avenues

othei thanSDS. securities"

and onSt'SlSe<:uri .ties.

,(il""",·lf1come 'colJetted onSGtSeCUrities- Nocharge.

i) Incomellected onL Securities-

o charge

iI) SO paise~,~·lOQrot nOO-SOLsecurities.

ii1 ~.O.50 pertilOO1- ,,',' Onincome collec;tedon non-SGL~

cco(1

oooooococco

".0ooo

tniosaeti'OllS '0

sonbebalfofCBTEPF

The rates applicable in 2002-03, EPFO's proposal for 2003.,()4 as mmended by rmance &InvestmefttCommiUee in its 73M meeting' held on t4.10.2003. and SBI's response thereto areindicated below: '

cCG

ooooII

P\

SL NtllaTeof FeesNo. .

App/ktIbk,;" 2(J(JUJ

SBl didiJot agR:e to theproposal-~of as

I. TransactionFees Rs O.03pei"Rs 100 on,Facevalue Rs O.03perRs tOO emof eveiY 'investnteat Other than in value ofeW:ry jnvestmelltS' 't Scheme. In dIaDill' •

ooo()

ooooooQ

oooo0;

C'o

\j

Treasury Bills

~4<"--_' •

IncomeCO~ ::mooiije-~'-COFees Securiti~ No cllarge

..Jncome .~ on NOft:.SGLsecwities- Rs 0.05 per Rs. 1001-on income collected on Non-SGLsectJrities including ovetdIJeinterest. if .

I' to reduce the incomecoJlection fee Non-SGLsecurities Jiom Rs OSper 1001-toRsOj)4 per Rs 1 -

8m has not ~ tothe proposal forreduction of clJarges asrecommended ....by theFiDanceand Investment~CBT,EPF.

Custodial Fees: Waived other than for cbargespayable to Depositories filrDEMAT~

3. No. comments.

4. Acceptance .aDdwithdrawal ofsecurities.on.~ofCBTEPF

5.

'BlRs·below'l·8t)' .... .·~t"~~pif.·I1lf{tbr·364·.&tys. SBl'slettet~t29.03-.lOO4~.D"el~'

6) In future investmentmar;t)e·made ·inYRepoma.ke.f:~rnLO lh'" f'on toTDRs for short tero1parfcing offunds. It maybeclarifi.edtQ$JlJ;~.~~tAf"~yMngin R~po,CIlLO etc.wm'he'payableSBI'~~~'P ;;> ~".;,

7)S8r is wiDinstoQOBtiDmrt()·~~~.".~~:~~.oi; )1',,'iBPF at the pteset seale ofcharges for a tmtherpenod"or 1 yeartminOI.04.2004. The emDmi·itt····ee "decided that&BI mayCODtiDue to .nta:nage theportfolio.<lw'ingthe )'e8f. 2(){)4..()Sbut·.i~reprditl8Bank·Cbarges.

7) The lIlatter. a«Q •.••in,gly 'plaeedW•• <A~ PinaD~" ·.mt.~tCO.JlljUeeforco"".e.ratiOD •••.t"~*IJ~ldeo( lees.~<!o,l"~as \:t'L, .• ·~~ofSBI"asportteliOmanagerJor1004--05. ..'. . .

5. i.~i.t3(.!2~c"k:

coo()

ooo

With reference to your letterno.lIlVestV2(lO)/95Ja3.nk charges/Pt.Ildatt425: 3-·04we advise as under: ..' _.. . .. .

ooooC;C)

o

L~. ~ I No. '7~ P 111s.ll.~~

DeaiSir,

.. -

TRANSACTIONCBARGES FOR INVEsnmNT INSHOR TERM DEPOST TERM DEPOSITS

TERM.DEPQSH :t.q;CEItf~

c, I (i)...We~.m~lijg~~jnritt,S;'"~n!t5~~J)fffieb,eit~~~ldf [~le__ ~in~C~Q~m~p:an~-'so:.':nl-fg~tfI~.e;·.;~;~~.··;··.;~v~"e~fu;:V~.estmen;..~...;..~.,...;!.a;Y~··~t,~~·~··;~·!·in~.)bo,~·.~,!,.~·;.~i~J~k'~~::=::::==~:r

.... ------,-"._.. .

":;;:!n~~..~"i~~;~~';~::::e!:.t&governed by such consIderations, and 18not merely;! temporaryi'unds~ip tQ~.,c~ onH>#I::t,\~~~~i~)U ~i{~R~~!,)''''WID'''''"'

. ":1~"':'-::::_:,,~ ,',- "-:i '- '," .,. ,-'-" ~ -,' _.-' ,'-", - , '

.. _ ':__ .; ,'_,'_<: ._c~__.': _:_':":_'__<":_':·"<~P:-': __ "H~~'_~~":-:-'-'::c< _('<~ ~_f\;:~ -~

1l)R&~lh 1l1~fOIm'Or-pbYSicalt;~~l14:~,~'!~work in terms OfcllStody, reconcilrMfOn:, col1ectronoetc. Unlike T~~Us wpieh .a.t~ineleetrom.cf9tlll~~trtt~ greafer"mitl~'i~:t~S'l5t~~hi>"

-:»,

~ J":':; - (..;--:.~-, "',3-

F~ee ~lcost

C\

(ii).

CC)C)

OlJfQwever, l~ito '~~ial relatiottsRipbetween EPJO·and SeT, We'proscale down the charges as under:

cc

.AI\In:"~~W;t~:~~~ce't,'fDRs" '.

Tilirltefow Mlefajl oc

TDtu above 180 tl~ysb~t Jess than364 days . Flat amount Rs. 500/- ()

ou

~~ ~~~~~k-------~~--~------~

You may agree that this rQpl"~s.entsa very substar.tial sacrifiee on vUl" part and thetemporary parking concept is applied for deployments below six months where yiconsideration is not primary.

03. We shall be glad to receive confirmation of the above;

152...

o('

o()

ooc:()(;

occc0'Cr}cC

<, ,

ltem ~~6:ActuGrialV4luationof Staff Pensipn cum '

1) "Byvirtue of.provisions contained in the section 5-D' of EPF& MP Act, 1952 read with'Employees' Provident .Fund Sta1f&Conditions of Service r arion, 1962 the employees of theEmployees Provident Fund Organisation (EPFO) are eligibleforpe sionary benents asareapplicabJe tothe CenttalGovt,employees. ,Accordingly the CCS (penilOn) ,les' J972 ate applicable mutates-

"'mutandisto the.employees of theHPFtl" ' '

2) CCS (pension) Rules, 1972 are in the nature of a defined nefit scheme.·TheliabiUties·arisingout of CCS (penSioo)!fules, 1912 as regards Central GOVt ciVifiemployees .are flletffom general

.cti'vames o~ttbeGovtQflndia. Ib l.~n~··t1f~BP~€)ieventhought '4iabmlieS{)fCCS\~ion) Rules,,t,.mare,~oabl~~e.~is:'a.separate,~·¢UBl'gratuitya.t/ . _,whiCh ;tlte'CB'P~EPP~eveiyyeartransfers. funds at the rate of 12.4% of total emoluments. StatI.ension cum .Gtattdtj'FUtKf'·A/c ismaintained centrally. It is fed by transfers from .account no. 4 - E 'F Central Administration Account.,Thisfimd· W8.Scteafed,With ·etfectfrom'l~April<'19b5:'by'.able.' '~Iont<Y adeqmftdy-diseharge,.it$LpeQSi,(m.md'gmtuitypaymOOtliabilitiestowards its staff' .;, . ..

U~derfullding orStafTl'~iOneulJl Gratuity Fu~:"lt w observed~uring~lte.j~ar'~.~... ..it:~iii~fOil~f~;,p.lneDrbJ~",m_'a.CJi~~l_;t ..;4iDdtwal~:lO~~lisumcrentto eater to the pensi0R liabilitieslexpenditure,,~;""'WO>.~"need~_~~e~valuation of the EPF Staff Pension .cam Gratuity fund acrount ascertaiq .whetltert1t~~is anyi.i::"===;:::==~_".:=~=~~B~~_.~~.~~thi •••• ~.:. ..~~,,~M}~~"..~.~of~iJlF.SUdl~n and 6ratuiiy,Fund .. He was asked l()sul»nitad~replrton.;SQ)vency and~ ofthet\ntd, requirement of fund traqsfer to make~itself..; 'andto~nd anyother impr~/~m.·provisions~t.o\:e~i· df"1~'I

4) Actuary has submittuibis report aft'Cf valuation ofStatfP, . 'n'CUID GratUityFurtd vide letterdated 30.10.04 tcopy~osedasAnnexure N)an(fhasrec~ded

~, 1i.'I8_theW.iel)eyiatla.(und_ssaiiQ3C~""t&04,and be invested in an instrument yieldingS·.4rateof.in .

paid·illtotb.,fUtld,by3-1...o30-t p.a.;

b) App ••til (Olltri"",pontowards the fun(tlJeine~t:o.21 ~of tile total «=mQlumellts,w.e.f.01-04-04 and 'the same be tranSferred on a monthly basis;

e) The··aGtuariaJvaklation ofthefund should be conducted on ~~ basis so asto keep track of thesOlvency and adequacy .ofthefund, suChthat the fund can all the JiabiJities<9ypaying allbenefits in the form of pension I conunutedpension IDA ·ef on pension and. Gratuity to

5) In order to make good the existing d~ciency in thefimd.. it is imminent that initially someamount is transfellfed into it and iilveStedin a maaser that it yields at·' 8%R. OJ. on-eonsisteat basis.Subsequently to maintain the seIf-sU$tainabilityof the fimd,it is that theme of futurecontributiousto the fund are made at the rate of21% of the emoluments fthe employeesoftheEPFO.

r 53.

(The detailed report of the actuary will be placed on the table)

6) As regards the4taIlsferofmitial.amotintto the .fund;- .the - sfrom·.thereveoiJe"~ tothe tune of Rs, 552.~8. Crores maybe earmarked for payltleJltto~ard the liabilities arising out of thestaff .pension .CUlll ...grlituity fund. This is ..ill eo~~!11 ~.. ~~ ..~~pt~,ofprudence 'and cQnServatism.- whl~b·.profes$ °thilt'aIl the 'IUtQilitiesSc -,be taken into account and' beprovided for, On the similar lines, the Pension liabiliti~should -also be provided -for bywayofc(e3tionof requisite fund against them, T-heptovision. of eamtatkingthe 14 s ,from ,the'revenuesurpli1S issuggestedasit Jl;laYllotbeadvisabJe to withdraw the i4ndskoin·,the· S " Deposit·A~maintainedwith the RBI fetching 8% interest and investing the same in low,yi . tsecuriti. A1s&it would~implythe levy of additional costs in the fonn of transaction charges involv' in entering the transactions ofbuying new $J?CUfltieS. "

'ftJ,~ ..tIll!,si.(llfl?etJ$ion "~". G'l1t11ity 1!liIIJI"-M:.,~Jjtg, ' ,sllSti#lIq/Jtej,,'he:CP""b.tiItetf-III4Y5~.tptt~Jret;P~.iI/.A· _".to ~~e th.l!~{W,e:~ , _-'c ..•

-I(

J), . ,Tf!j~~.jt/le.'~"IJ4ejieiJm.;,i/:s1I91't.foJl'·i1f the/#lrll{~.credited ill Staff Pension cum G1'tIIIfity FliJulAlc,by~Special DepositAle. Interest .e0me4 ·mulreceived on. /#mbso ~,runrantellpension CII.ItI: GTIdJ(i1y FUlld Alc ..~.yeor mullialJilities ~JM •~1'f(1I4· ."!- ~,,-- - -

~,_,.,~",,_ ~fW':.e- ',*-"- '.- ,...... jjj'+ -

.~. c ~'"~"jjJ.~I1."'~'''C'A'''"#~'--':;&1IiiJ!7;;;il~Iie'''' .}r~tii~JS'i." j,. '" ,q~~f« " 'l»rIMIl.'IfI"_"JII!~ ""4--' ..UfI. . . -... -. .,·"'0fII.1ZIiIk~'MJ1fIfl';~~~/1."1It1l"*~: -,:~..•'>; (

ooooooooo,0()

oooo

oooo(

(

o(:()Ci

I<JI:1------~--~--------------r---~----~'!~

1'1

~~JII·:~IJttsis.--~"'af~tIIe1~"~~

·."".,.·•. _~"i·.;1 'c/:;;i"ktF'"

ooono

r>I. -

,.~~!t!_q.,gttt'Jjeec~FJ.AFEIIotu InstitutE of ActuarlEs (U.K.)FEllow FEdEratIon of InsurancE InstJtutE Ondla)FElloWActuarial ~~ of India

ACTUARYc:()

ooo()oo

30th October, 2004.

R~f:.NQ,BPFOI14l4OO4·

Mr.~Rai:Celltl'a.J. ProvidentFundCommiSSi~i·~~'Pmvider!tFuri<tPllantSationMinistty ofLabour;OOvemment of India,Bbavishya·Nitihi'1l~.14~lillJi);QijlCama~ . '"NewDelbi'"\"'"ti064i6'".:.';."., _ .. ,-- . -~" ...~- .., .' -, - ...o

o . '. '¥ i'~~"~"';;':7-

~Mr.Rai,c.dIc;

A~I,....\.,)J) .: ~ ..

~f.\~"'">~.·w.·»-·

""-.. '."...~•........." : ,.."«.'

1. I.JABBif.t'Y:

29(j,311.67

1112.23.;

3.FUNDING:

Annual ~trt1>trt.i()n@ 21%6fSalary26.6742-,x21 .Lumpsum required as at 31.3.2004

SAD. 15552.08

4.RECOMMENDATION:

4.1 552.08 Croresneed be paid as at 31at March,interest@ 8%p,a. till dateof~,:

4.2 .Annual00atrilllltionbe @ 21%~~e; •.U~ttwl·imonthly basis. ,,~~.

4.3 Annual Actuarial Valuationshould'be made m:,;lrdttmmc::.()'fsolvency and adequacy of Fund, suchtbat Funt<J~~.Il.y~aH~~lijfS'..~()fPensionlComrnutedPensionlD.A reliefmelJlbecs ..andlOl'.Family, as the·case.maybe,tiUsuch StltVivoIS'Ce8SeS1oexist. -

Regar.ds,

156

cOnoo('J

('

()

o

occcr

ccc()LC(./

C;

C()C"

"f.()

U

c:oOi(1

c('

Coocc('

cco..(

c:c,I

C

Item No 7: Review of guidelines in respect of jnv.lI!.~ttUt.,,1' in State Sovt guaranteedsecurities

L Portfolio yields are invariably affected 'by several ti:aMrnra

economieeoviroontenti pOOtieaIenviromnent· and ·other·_fket1ibrees'." 'Fil!lan~"8t;Committee badearli~rdecidetlndrto invest in such Se£:llritlafinancial position of the state Governments. As such. the ml'tmlin

evaluating the inVeStlllent opportunities under. this category.Committee, it was decided to continue .execution of the ...,..,I1 ••.Tadvised to restart the appraisal ()fin~~llt in tN$icat~QfY.

2. Pursuant to the aforesaid direction of the Committee, SBr .in this category. ·Otie·sneh· mue'W3S "1'ewlSetJf.l5V S81rdalf"S,aI\1)'vat"'fitc!l2at NlQ~am'under the utl1OOtlIitl~drf' imevdedltte'.~Jmi~~ee':C?fth~"~)~~·Qfappraisal·.·.

3.

was coramoeiiE. firture. Manythem.

4.

o~}(Jf~€ .•.•,-'z ....•(p.()~J)'- .: ..' n

nn

. f \0- fT- "I ".'- '<,q i-i

State Bar

-The Financial Advisor & Chief Accounts Officer,Employees Provident Fund Organisation,B, .:vj~hy~Nidhi .~van,

"", .. ,-#.:,.~-.,.1.4... •... ···''''''''t''''';.''''r'j''l·~/"'''' ."'H""·";'- " •., "'";-N~~' . , .14.~P.~$t. _/- _ ~;H"

Dear Sir;

STATE GOVERNMENT GU~D ACcOUNTSSARDARSAROV AR NAGAR NIGAML~.

(j

()

()

n...-

o(~)

./

()()0C)

,"~--"-'''~',~.--.--" Q()

()(J('\.J

( )

()C)C-)C)(JUU

U

uu

..;2 -

()

()

oooo

..•..

ooooooo

A copy-of the rrospectus is enclosed herewith. Although the iSeptember 241 , we understand that the date may be extended tostil>scription. .

03. In view of the foregOing, kindly permit the deviation, inOtoo.to~toseek~~t~ll fort1iein~ Olir~JUiSit>JJ$i" " .; .(Finance) ofSSNNLreveal.tbat SSNNL wish to complet~rdays, to enable them to review tbeirplans for seeking ~'.w<>ukirequest you for an :earJy rep.lyin the matter.

You~faithtUUy,

0,!

Or

O·. ...,.....~ ..,......~•.•.....•~~~-- .•......~~"T'I":rm:------- ,.~-~<-'-. -~;.,...,..- ,-".- '.-~" ..•...~,-~lift!I!"I!lIi'~~-""""""""""~""""'~

Cooo

Item No. 8 :ReYised EstitnOtesfor 'the year 2004.., and·8uc:IgetEstimafe$ for. the year 2005-2006 for the Empto s' Provident Fund Scheme

19'2, ·Empto~'Pension Sc~·lm(J; .ernployees'·I)eIN~;t .Linked .Insurance Scheme 1976.

c,0ooo()

In terms of the prcvisionseentained in paragraph 58 of the E oyees'ProVident Fund Scheme, 0

ooooC)

oo

.--Al~~~~risetlrmtitmatc~"'tbt-year-~~~~~tgetci~~~theyear--w-~ 0ooo

1952,. the Budget proposa1s'(Revised'E~imates2004':2005 and Budg~ Estimates 2005.-2P£)6)inrespect.

of Employees' Provident Fund Scheme, 1952 (including the Employ Pension Scheme, 1995) and

EIllpl()y~s~"Q5R2~t1iIlk~~~"i~1~h!V£_~~,. ,!tl4.!!r~~~~:j~:imlic~J~j!I.,"the BUdget60gf pla,cedasAU:Ii~"~·p:'i;

- - ".-' -.~ :"·"-1.·-;::'--;:.-'-':: '; -~\

The statements showing the receipts on account of Contribution, AdministrativeCharges, PenalDamages, Miscellaneous'Incomeand Recovery of Advancesand thep

the RevisedEstimates for the year 2004-2005 end-Budget :Estimatesfort

in tbeBudset Book.

osals foiexperidifure. made inyear ZOOS-~~areindicated

, -'1,\-

,--- ...

2005-2006 for the three schemes framed under the Act are placed for

InvestflientCo.~tt~, Employees' ProvidentFund.

o

()o()oooooou

UIYY\.)!

(1(1

ooc:C',("

('l

oo('

CiC'eiCi

f-Lj

!I.

1.

Employees Provident Fund Organisation (EPFO)Gratuity Scheme with provision for benefits, in the stale as that for CivilServants. This Scheme has been in operation from the inception of EPFO.Therefore, we lftlve3 types of beneficiaries :-

a) ExistingStaffb) ExistingPensionersc) Existing Family Pension

2.1 No fund has been created on actuarial basis. owever, EPFO has setaside an amount of contribution every year wbi are invested in -Govt.Secmitiesl PSU BondS/Special Deposit. From the data supplied wenote that the total amount of the fund are as foil

Fund as at 311312003Rs.

Central Government 5428.34State Government 398.66Public Sector Unit 7265.00

2470.449179.27377.67

25119.38Total

Yield 10.78%

2.2 Apart from the same EPFO makes payment, from i revenue, monthlypension payable to Pensioner and Family Pension . The total amountpaid during last 3 years is as follows:-

Table-lRs. In Lacs.

Year Amount2001-02 Rs.51432002-03 Rs.55152003-04 Rs.5901

Bhudev Chatterjee M.5c .. F.tAFellow Institute of Actuaries (UK)Fellow Federation of Insurance Institute (India)Fellow Actuarial Society of India

ACTUARY

228. Park Mansions.57 A. Park Street, Kolkata-700 01Phone: 2457-0108 (0). 2458-18 12457-6654 (0). 2468-0966 (R)Fax: 91-33-2458-1879/<:'457-66 .E-mail: [email protected]. M bile: 9831076494

cr:r:r:rc:t:

cct:

(

(

(

(

(

rc

2.3

l\I

EPFO would like Pension-aun-Gratuity .~ to be funded onActuarial Basis such that in fbture ~ payment for Pension &Gratuity can be made out of the said fund. \ .

I

\EPFO has decided that the Ac:tuariaIValuatit will be made on sampledata. \

Accordingly the sample data has been provid~OW :-

I

2

3.1

Category Sample IISize I

\n.• . Staff n07S.Existin2 Pensioners 1843:Existin2 Family Peosiona:s 204\Total 13122

3.2 A.1UII.ysing hoportlon Data SIlpplJetl :Table4

Existiae:Staft' E~ PeIIsionen ExistiJll Family PensionenGrade Actual Sample % Actual Sample % Actual Sample %

Size Size SizeA 587 377 64B 2149 ll23 52C 18032 8328 46 i

0 2420 1247 52 I

TOTAL 23,188 11075 48 19l4 1843 63% f98 204 22%

3.3 Scrutinising Data for accuracyI

!This Data has been scrutinized for accuracy as below :-I TableS

Existing _l:ting ExistingFamilyStaft' ooers Peasioners

Total No. of Data Supplied 11075 I 1843 204No. without date of Birth 1218 \ 293 93No. without Date of JoininJl 216 - -No. without mentioning SalarvlPension 84 I 375 81Total number of data accepted for valuation. 9SS3 I 1175 70

BhudQYChfttterjee M.Sc.. F.I.AFellow Institute of Actuaries (U.K.)Fellow Federation of Insurance Institute (India)Fellow Actuarial Society of India

ACTUARY

II

228. Park Mansions, :57 A, Park StrEet, Kolkata-700 016 II

Phone: 2457-0108 (D), 2458-1879~4S7-66S4 (0), 24~ (R)Fax: 91-33-2458-1879/2457-6654) I

E-mail [email protected]. Mobile: 98310 76494

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

mailto:[email protected].

r:t:

rr:rcccrrc

3

4.

Mortality

i

Actuarial bases used _ been detailed in adjoining ~ The proamong them are! ,

I,

LIeI 1994-96 at ageMale MOtfWty at age

MaleFemale

Inflation 6%5%

Interest Up to 5 yearsBetween 5 to 10 yearsBeyond 10 years

7.7e%7.5p%7.2 %

Management Staff. Non-Management Staff

Based on the same we work out the liability as follows :

r:, ~.Table 6RsJLakhs

SAMPLE DATA UP RAT~DDATA TOTALGratuity Pension EXISTING STAFF Gratuity Pension7686.01 23742.90 Past Service Liability 11963.S8 56814.87 687795000.81 14570.21 Future ServiQeLiability 5062.S18 35405.39 404681099.92 1099.92 Value of future service 2667.00 2667.00

Contribution on 1% of salary I. . PeDSioDer319.97 Vested Pensioner Liability " 4104.80 4105

"

ExistiagFamily Pensioner,,

11121.29 Vested Pension Liability i 27675.46 2767512686.82 49754.37 Total Liability 17026.~ 124000.46 141027

Asset of Fund , 29804iBalan<:e to be funded I 111223,

Value of21 % of Salary\ 56015

Lumpsum 55208

Rhude-yChatterjee M.Sc., F.I.AFellow Institute of Actuaries (U.K.)Fellow Federation of Insurance Institute (India)Fellow Actuarial Society of India

ACTUARY

,,I

II

'I,

229. Park Mansions, I57 A, Park Street, Kolkata-700 016Phone: 2457-0108 (0), 2458-1879/2457-6654 (0), 2468-0966 (R)Fax: 91-33-2458-1879/2457-66S4.E-mail: [email protected]. rv10bile: 98310 76494,


rrrrr:C(

(

c(

(

(

(

(

('

(

(

(

4

We recommmd that-

6.1 552.08 CroreS need be paid. at 3Ie;interest @ 8% p.a. till date of payment

2004. This will cany

6.2 Annual Contribution be@2I%ofsalaryeffect:i e 1.4.2004;payable on'monthly basis.

6.3 Annual Actuarial Valuation should be made to keep track of solvencyand adequacy of Fund, sudl that Fund pay all benefits ofPensionICommuted Pension! D.Arelief to P 'on and Gratuity tomembers and! or Family, as the casemay be, till e entitlement oflastsucl1survivors ceases to exist

I

\

I

I228. Park MansIons. ~l57 A. Park Street, Kolkata-7~ 016Phone: 2457-0108 (D). 245~879/2457-66S4 (0), 2468-0966 (R)Fax: 91-33-2458-1879/2457 654.E-mail: bhudevtkaI2.vsnl.netJ " Mobile: 98310 76494

i,

(

~BHUDEV CHATTERJEEACTUARY

Bhudev Chatteljee M.Sc.•F.I.AFellow Institute of Actuaries (U.K.)Fellow Federation of Insurance Institute (India)Fellow Actuarial Society of India

ACTUARY

cc:r"r:

r EMPLOYEES PROVIDENT FUND ORG NISATIONc' ACTUARIAL VALUATION AS AT 31 03.2004r OFr PENSION-cum-GRA TUITY SCH MEC . I

C EXISTING STAFF - PENSION LIA,ILITY(

c(

(

cr(

(

(

BYBHUDEV CHATTERJEE M.Sc i

FELLOW INSTITUTE OF ACTUARIESI (UK)FELLOW ACTUARIAL SOCIETY"OF INDIA

(

l

(

(22B, PARK MANSIONS

t 57A, PARK STREETCALCUTTA 700016

TWENTY SECOND DAY OF SEPTEMBER,TWO THOUSAND FOUR

r>., '

nnnr:e" EMPLOYEES PROVIDENT FUND ORG~NISATIONc ACTUARIAL VALUATION AS AT 31~03.2004

OF '!I'cr: . PENSION-cum-GRATUITY SCH~ME

,

Page2ofl7

('

c: EXISTING STAFF - PENSION LIA__ILITYc(', INDEXc(I

c:c(

(

C""

(

(

(

(

(

(

t

C

1. fF~oPE

2. C04P.tJUfQf£

3. (]Jf£!MEfF/q'

4. (]))lq')I

5. (]J.JISf£SOfF 0/)1£ V)lrzIO!N

6. lJUIrzIO!N)I£f£ OfF o/)I£V)lrzI09{

7. ' qlJESV£q'S OfF o/)I£V)lrzIO!N

8. 0/)1£ V)lrzIO!N (]J)I£)f.!N(]E SJIlEf,a'

9. CO:Jfl'1U(]JVqJO!N tJUfPE

10. . lJf};CO!M!Mf£!J((]))lrzIO!N

I,

,

SCJ{lE(])V£f£S - q>1 q'O eR8

•••• cI.y ChetterJ.. MSc.,F.LA.FellONlnstitute Of ,Actuaries (U.K)FellON Federation Of Insurance Institute (India)Fe/IONActuarial Society Of India

ACTUARY

22B,ParkMansion57A,Par1<StreetKolkata-700 016 ,Phone:2457-0108(D),2458-1879/2457P654 (0),2468-0966 (R)Fax:91-33-2458-1879 :Email: [email protected]. Mobiler 9831076494


rC~

CCC

CC

C('

(

(

(

c

Page30fl7

EMPLOYEES PROVIDENT FUND ORGANISATION. I

ACTUARIAL VALUATION AS AT 31.03.2004OF !

PENSION-cum-GRA TUITY SCHEMEEXISTING STAFF - PENSION LIA~ILITY

I,

, i1.Employees Provident Fund Organisation Peusion-aun-Oratuity Schem~ has provision to pay

. Pension on exit of an employees from Employees Provident Fund Qrtanisation or on one'sdeath to one's spouse. The Scheme has not been funded based on Act$rial Basis but a Fundhas beer created by regu1ar annual Contribution. Over and above thel same. expenditure onPension for each year is paid out of current In<:omeie PAY AS YOU GP basis

The aim of this valuation is to work out :

(i) Past Service Pension Liability as at 31.03.2004 for existing staftifor their service upto31.03.2004 !

and(ii) Annual Contribution Rates required to support Pension Benefit fur future service

2.( This covers

ll

(

:(

(i) Employees who were on the Effective Date and opted for the Scheme

(ii) All employees joining after the Effective Date.

In other words all employees are covered by the Scheme.

,

Pensionery Benefits is based on Rules 48 and 49 of CCS Pension Rules 1973 as modifiedfrom time to time which is broadly monthly Pension as 50% of averag~ Basic Salaty for 33years, proportionate thereof for lesser period of service with Minimum Pension ofRs. 12751-and with 100% D.A neutralisation. . ,

Avera.geBasic Salary is Basic Salary averaged over lastl 0months.

Details of benefit are in Scbedule- Pl .

••••• v CltetkrJ•• MSc.,HA.FeloN Institute Of t'v:tuaries (U.K.)FeloN Federation Of Insurance Institute (India)FeIk:Mt ,Actuarial Society Of India

ACTUARY

-,J

22B,Park Mansion57A,Park Street.KoIkata-700 016Phone:2457-0100(D),2458-1879124576<}54 (0),2468-0966 (R)Fax:91-33-2458-1879EmaiI: [email protected]. Mobile: ?8310 76494


~,l

rr:rrr(

(

(

(

c(

(

(

(

(

(

(

(

(

(6.

(

(

t

".,--

Page4of17

4. waX!EPFO has decided that valuation will be based on Sample Data. $ample Data has beenprovided accordingly. From sample data those With incomplete in£'ofmation w«e rejected.Balance data has been taken for valuation purposes. .' ,

Detailed in Schedule- PS

Sample Data tOr this Valuation was suppJied.by way of floppies,

This is first valuation carried out by us.

Accordingly we have Dot canied out(i) RecoaciJiation of Data, between valuations as to exits ~ last date(ii) Follow the trend of increase in salary ovec the years '

4.2 The data was subjected to usual correlation Tests of

4.1

(a) Age - Salary(b) Age - Service(c) Salary - Service

Such tests bave not shown any inconsistency thereon. Accordingly, .the data has beenused in valuation without amendments.

5.

This is the first V!lluation, consequently we have relied upon Stock-Basis i.e general basisas applicable to establishment with mainly white colour worlcer of such size. Basis ofActuarial Valuation is detailed in Schedule - P2. In successive valuation expected exits onactuariaI bases will be worked out and compared with actual exits. This will justi1Y ormodifY the bases used ~ when appropriate action will be taken.

Unit projection method has been used. Under the same eadt individual employeehas been valued as per rationale detailed in Schedule - Pl.

•••••• v CIIett.,.J •• MSc.,F~A.Fellow Institute Of ~ (U.K.)FeloN Federation Of Il'lSlKaI1Ce Institute (India)FeliONktuariaI Society Of India

ACTUARY

22B,Park MMasion57A,Park street.KoIkata-700 016Phone:2457-0100(D),245S-1879124576654 (0),2468-0966 (R)Fax,91·33-20451).1879EmaiI:8IlJdev@caI2.\lrinetin Mobile: 98~10 76494

('

r('

r-r 7.

rc:cccc(

ccc(

(

c(

(

(

(

(

c(

l('-:"--

,,-,

PageSof17

7.1 BASIC PENSION TO FUfVRE PENSIONER OF EXIS1fG STAFF. -

RsJLacsI

ITEMS GROUP A GROUP)) GROUPe -GROUPD TOTALNumber of 587 2149 18032

!2420 23188

Employees I

Salary 95.00 239.34 1434.60 ; 118.27 _1877.21Accrued Pension 27.53 81.25 349.23 22.92 480.93Past Service 2374.77 6524.13 24790.63 , 1552.35 35241.89LiabilityFuture Service 745.43 1874.70 17598.50 1600.14 21818.77Liability I

I,

Value of Future 102.59 265.17 2116.63 183.02 2667.42ServiceContribution @1%of Salary

See Schedule P7

7.2 FUTURE D.A.RELIEF TO FUTURE PENSIONER OF ~ING STAFF

RsJLacs

ITEMS GROUP A GROUPB GROUPe GROUPD TOTALNumber of 587 2149 18032 2420 23188Employees :Basic Salary +DA 95.00 239.34 1434.60 118.27 1887.21Accrued Pension 27.53 81.25 349.23 I 22.92 480.93DA relief for Past 1411.62 3912.19 15218.16 , 970.34 21572.92,

Service -,

DA reliefJor Future 472.10 1171.97 10950.27 ' 992.28 13586.62ServiceValue of Future 102.59 265.17 2116.63 183.02 2667.42Service ,

Contribution @ 1%of Salary

See Schedule P8

••••• GlelterJ•• MSc.,F.LA.FeloN Institute Of Mt.eries (U.K)FeloN Federation Of Insurance Institute (lrelia)Febv ActuIriaI Society Of Indio

ACTUARY

22B,Park Mansion57A,Park Slreet.KoIkata-700016Phone:2457-0108(D),2458-1879!2457Cl654 (0),2468-0966 (R)Fax:91-33-2458-1879EmaiI:[email protected]. Mobile, 98310 76494


rrr:('

c:rcc:cc:ccrc('

(

(

( See Sclietfufe lP8

C

Page 6 of 17

8.

-(UPRATED FROM RESULT OF SAMPLE DATA)

Rs./Laks

123188Rs.1887.21Salary

VALUATION BALANCE SHEET FOR PENSION AS AT 31.03.2004 -PENSION LIABll.JTY RsJLaks

Amount AmountRs. Rs.

Value of Past Service S6814.81 Value of Future Service 42678.72liability Contribution @ 16% of

salary as ContributionValue of Future Service 3S40S.39 Asset Required 49S41.48LiabilityTotal 92220.20 92220.20

9. CO!N7!RI(}JWlOXI8W

Since valuation is based on Sample Data, it is required to carry out aaiexercise todeterniine contribution rate required to support benefit .

Contribution rate derived for Funding Basic Pension is 21% of salary whichcompares with Standard Contribution Rate favomably.

We have amortized the cost of Future DA relief to Future Pension as 354.0S crores.

This is detailed in Schedule P4

l

L

10.

In this days of falling interest rate, it is recommended to fund liability instead of payment on .PA Y-AS- YOU-GO-BASIS.

·L~( BHUDEV CHATTERJEEl ACTUARY

•••••• y CllcatterJ__ MSc.,F.LA.

FeIcMIlnstitute Of Actuaries (u. 1<.)FelON Federation Of Insurclnce nstitute (India)Febv ,Actuarial Society Of India

ACTUARY

228,Park Mansion57A,.Park 5treet.KoIkata-700 016Phene!2457.{)1()B(D),245S-187912-4j576654 (0),2468-0966 (R)Fax:91·33-2458-1879 :Ematl: [email protected]. MoIpiIe: 9831076494


""'

.-... .')

,......

,-.",rcrcc:c(

(

cc(

r(

C(

(

(

"-

(

(

(

<:llt.

I

\

Page 7 of 17

Sclietfule - CPl

SCHEME OF BENEFITS - PENSION

Type of Benefit BeReftt FOitmula

Retirement on completion of 500A,of Average anoIwnentsqualifying service of33 years

Minimum Pension - 1275

Retirement before completing 50% Average anoIwnents f(.~ 33 years of servicequalifying service of 33 years reduced pro-rate for lesser year of maximum. servicebut .after completion of I

qualifying service of 10years Minimum Pension - 1275 iI

Invalid Pension on permanent 50010of Average anoIwnents Iin capacity before reaclring Iage 60 Minimum Pension - 1275

50% of Last Pay drawnFamily Pension payable on

(i) Death in Service - whenthe member dies afterrendering 7 years ofcontinuous service

(ii) Death after retirement

Minimum Pension Rs. 1275' I

(i) In the event of death in servii... pension is payablefrom the date following the ~ for a period ofseven years or for a period uPto the dat~ on whichthe deceased Employee wouid have attained theage of 65 years had he survi~ed whichever is less.

II

(ii) In the event of death after retirement Pension is. payable for period of seven ears of for a periodupto the date on which the r ~ deceasedEmployee would have .•.. . ...1 the age of 65 yearshad he survived whichever i less.

••••• v ChatterJ __ MSe.,F~A.FeOcm Institute Of Actuaries (U.K)FeRow Federation Of Insurance Institute (India)FeJIoN I'duariaJ Society Of India

ACTUARY

III

22B,Par1cMansion I

57A,Par1cStreet.Kdkata-

t016

Phone:2457-0100(D),2 1879/24576654 (0),2468-0966 (R)Fax:91-33-2458-1879Ernail: [email protected]. in. Mobile; 9831076494

I .II

. ,II

~~,~,

r-. .I ''"1rrnr:{'

t:

c:('

c(

(

c(

c:(

(

c(

Page8ofl7

BASESFOR VALUAnON OF CONTINGENT PENSION LI

I. STAFFMQRTALlTY

MALE STAFF L.I.C.I 1994-1996AT AgeX-3 forover 40 otherwiseforage x

FEMALE Aged XMALE Aged X-3

2. CONTINGENfPENSJONER-MORTAL!TY

FEMAI.E STAFF

MALE STAFF a(55)

FEMALE STAFF

3. PROPORTIONMARRlED

a(55) at age x-2

4.

AGE MALE FEMA1 .E

Uptoage25 .30 .50Between 25 &, 30 .60 .75Over 30 .90 .95

RESIGNATlQNIDISMISSAVDISABLEMENJ'.All Causes Combined 6 Exits p.a distribute d as beloper 1000 Employees 3 below Age 30 &,

2 between Age 30 an~Age401 above Age 40

GE-RETIREMENI'

Retirement Age 60Retirement over age pOIgno

DLUNTARY-RETIREMENT IGNORED

lterJ.. MSc.,F~A.11-

22B,ParkMMsiont>ctuaries (U.K.) 57A,Park StreetKolkata-700 0 6Of InsurMce Institute (Incia) Phone:2457-0108(D),2458-1E 791'24576654

Society Of India Fax:91-33-2458-1879y Emailt Bhuc:1ev@ca12.'.sntnet.iI Mobile;

-

(0),2468-0966 (R)

w

&

5. A

red

6. Vi

•••• vCHFelaN Institute OfFeIIo.v FedermionFeIION ,Actuarial

ACTUAR 9631076494

r:,

r .r'}

rc('

c('

cc(

(

(

(

(

(

(

(

(

Page9of17

7. SALARYSCALE

MANAGEMENT STAFF&

NON ..MANAGEMENT STAFF

Basic SaIaiy Scale, ~r different Gradesbas been considereCr Effect is 6% ofSalay as annual ~aeases for ManagementSta1f and 9.4 for N()~..Management Staff.

8. PENSIQli,INFMl'lON 4% p.I with haIfyeartY rest after vesting ofPension

9. INTEREST RATE

Current Investment yidd is given below

Govt. Security p.s.uOutstanding TermLess than 5 years 7.5% 8%

7.25% 8.25%Between 5.& 10 Years10 Years & Over 8.50%7%

Based on the current market position it is expected that Interc~ Rate will not further filllin future

Interest rates used for valuation ..

Liability upto 5 yearsBetween 5 & 10 yearsOver 10 years

7.75%7.500.47.25%

••••• v ClaetterJ •• MSc.,F.LA.FeRo.v Institute Of I'duaries (U.K.)FeRo.v Federation Of Insurance Institute (Indill)FeIIo.v Actuarial Society Of India

ACTUARY

'322B,Park Mansion57A,Park Slreet.KoIkata-700 01 (Phone:2457-0106(D),2458-187' 124576654 (0),2468-0966 (R)Fax:91-33-2458-1879Emall: 11htX:[email protected].~obiIe: 9831076494

mailto:11htX:[email protected].

rr:ccrt:

rc(

cc(

(

(

(

(

(

(

(

(

(

L

l

\

Page 100f1?

RATI

Consider one age x nowwith salary sService n

Accrued Pension after t years from now will bet

PEN(x+t) = Pension Fraction x (n+t) x S x (1+1)

When Iis the rate of annuallnaease of salary.

Probability that such a pension will be payable

p(x+t) = r(x+t) + w(x+t)l(x)

Number of staff age x nowMember retires at age x+t on superannuatioMember retires at age x+t on other ground

"When I(x)r(x+t)w(x+t)"

===

Then probable pension = pension x probability of paymen= PEN (x+t) x p(x+t)

Cost of purchase price of the pension =PEN (x+t) x p (x+t) x a ( +0

When a (x+t) = Cost of purchase of annuity ofRe.lI- p.m, at age

When annuity represents present value of payment for all years toretirement.

from date of

Discounted value at age x of a pension payable at age x+t

V(x+t)=PEN(x+t) x p(x+t) x a(x+t)/(l+Jrt

When j is rate of discounting

Aggregate of all discounted values from t = 0 to 60, will constitute e pension liability of theindividual.

•••• v ClletterJee MSc.,F.LA.FeIICM' Institute Of Actuaries (U.K)Fellow Federation Of Insurance Institute (India)FelICM' Actuarial Society Of India

ACTUARY

f·r.I ••..·•

22B,Park Mansion

57A,Park StreetKoIkata·700 016Phone:2457-0108(D),2458-1879 4576654 (0),2468-0966 (R)Fax9i ·33-2458-1879Ernoil: 8hudev@:a12.vsnl.net.in. e. 9831076494

mailto:8hudev@:a12.vsnl.net.in.

rcr:r: CONTRIBUTION RATE REQUIRED TO SUPPOR

Page 11 ofl7

(

(

BASIC PENSION JII'nlOUT D.A RELIEF :: SAMl'CONTRIBUTION RAD: REQUIRBD 1'0 SUSTAIN 1'O!'AL

rcrcccC

Cc(

C(

(

(

(

(

(

==============:;;:;:;;==========-===================-=--=--===:- ============TYPE OF BENEFIT SAMPLE DATA

SUPERANNUATIONDISABLEMENT BEFORE RETIREMENDEATH BEFORE & AFTER RETIREMENTOTHER CAUSES BEFORE RETIREMENT

19.200.851.080.43

ALL CAUSES COMBINED."==================================================32==== ==========

BASIC PENSION WITHOUT D.A RELIEF :: UPRACONTRIBUTION RAm REQUIRED TO SUSTAIN f'O!'AL

DATAVICE PENSION

TYPE OF BENEFIT UPRATED DATA====================================================== ====

SUPERANNUATIONDISABLEMENT BEFORE RETIREMENTDEATH BEFORE & AFTER RETIREMENTOTHER CAUSES BEFORE RETIREMENT

19.030.861.070.43

====================================================== ====ALL CAUSES COMBINED 21.39

l,

Contribution rate based on sample data is higher than Standard C ntributionrate required for payment of Index linked Pension of 50% of Basi Salary for33 years of Service which is around 25%.

Slightly higher value is due to the age distribution of Managementmore than 50% of sample data is over age 50.

__ clewChatterjee MSc.,F.LA

FeIION InstiMe Of Actuaries (UK) .FeIfON Federation Of Insurance Institute (India)Fellovv Actuarial Society Of India

ACTUARY

\

22B,Park Mansion

57A,Park StreetKoikata-700 016Phone:2457"()1 08(D), 245~ 1879/2 7~54 (0),246~0966 (R)Fax:91-33-2458- 1879[mall: [email protected]. M ·Ie: 9831076494


c:c:rc:c:('

ccccccccrc(

(

(

(

'(

(

(

(

Page 12 oft7

EXISTING STAFF :: GROUP- A :: PENSION VALUAT:IONAS AT 03/31/2004RECONCILIATION OF SAMPLE DATA FOR VALtJATION SES

TOTAL NUMBER OF DATA RECEIVEDTOTAL NUMBER OF DATA WITHOUT DATE OF BIRTHTOTAL NUMBER OF DATA WITHOUT DATE OF JOINTOTAL NUMBER OF DATA WITHOUT SALARY

TOTAL NUMBER OF DATA ACCEPTED FOR VALUATION====~=====~===============~======-============~=~~=--============SCJ{lE(})V£P. e5/2

. EXISTING STAFF :: GRQUP- B :: PENSION VALUATI AS AT 03/31/2004RECONCILIATION OF SAMPLE DATA FOR VALUATION PmlPOSES==============================~==========~=======-=~-=~============TOTAL NUMBER OF DATA RECEIVED ~123TOTAL NUMBER OF DATA WITHOUT DATE OF BIRTH 1118TOTAL NUMBER OF DATA WITHOUT DATE OF JOIN I 14TOTAL NUMBER OF DATA WITHOUT SALARY 14===========================~==================~==- D=_~~.a=======TOTAL NUMBER OF DATA ACCEPTED FOR VALUATION 77==========================================~===~~-=====~~===========

I

I SCJ{tE(})V£P. e5/3I

I

EXISTING STAFF :: GROUP- C :: PENSION VALUAT~_~ AT 03/31/2004RECONCILIATION OF SAMPLE DATA FOR VALUATION PURPtfSES

===========================================================J===========TOTAL NUMBER OF DATA RECEIVED 8

128

TOTAL NUMBER OF DATA WITHOUT DATE OF BIRTH 57TOTAL NUMB~ OF DATA WITHOUT DATE OF JOIN 59TOTAL NUMBER OF DATA WITHOUT SALARY ~50=========================================================== =-=========TOTAL NUMBER OF DATA ACCEPTED FOR VALUATION 7 62===========================================================1===========

~CJPE(})V£P.e5/4I

AT 03/31/2004PtJ]U)()iSE S

EXISTING STAFF :: GROUP- D :: PENSION VALUATIONRECONCILIATION OF SAMPLE DATA FOR VALUATION============================================================ ==========TOTAL NUMBER OF DATA RECEIVEDTOTAL NUMBER OF DATA WITHOUT DATE OF BIRTHTOTAL NUMBER OF DATA WITHOUT DATE OF JOINTOTAL NUMBER OF DATA WITHOUT SALARY============================================================ ==========TOTAL NUMBER OF DATA ACCEPTED FOR VALUATION 10 3============================================================t==========

II

22B,ParkMansion I

57A,Parl< Street.KoIkata-700 O1tPhone:2457-0108(D),245.8-187 4576654 (0),2468-0966 (R)Fax:91-33r2458-1879Email: [email protected]. role: 9831076494

III

I

•••• " CllGtterJee MSc.,F.IA.FeJlovvInstitute Of .Actuaries (U.K.)FenovvFederation Of Insurance Institute (India)Fellow Actuarial Scx:iety Of India

AC TUARY


rr:r:

rc:rcc:ccc(

(

(

(

c(

(

(

(

l(

(

(

Page 13 oft7

SCJllFlDV£f£ cP6

BASIC PENSION W:tTROtJ'l' D.A RELIEI'EXISTING STAFF:ALL CATEGORIES cafBINED::PENSION v.ALOATION AS AT 03/31/2004SCHEDULE 01' ACTUARIAL LIABILITY 01' SAMPLE DATA /UPRATED DATA

SAMPLE DATA UPRATEDDATA::;:::;;::====================-==-=;;;;:=:;r.;:=;================t======-=============9557 NUMBER 23188

o SERVICE76204196 SALARY20035770 PAST SERVICEPENSION

1473155326 PAST SERVICELIABILITY897858235 FUTURESERVICELIABILITY109992588 VALUE OF 1% CONTRIBUTION

18872033348092687

35241688152181877240266741554

••••• v ChotterJee MSc.,F.LA.Fellow Institute Of Actuaries (UK)FellON Federation Of Insurance Institute (India)Fellow Actuarial Society Of India

ACTUARY

228,ParkMansion• I

57A,Park StreetKoikata-700 0~6Phone,24S7..Q108(D),24S8-1~79!24S76654 (0),2468-09t'l6 (R)Fax:91-33-2458-1879 I

Email: [email protected]. Mobile: 9831076494I

I,

I


c:rc ..rcr:crccc(

(

(

(

(

(

(

(

(

(

l

(

(

(

(

(

l

l

t,

Page 14ofl7

SCJ{IEqyV.tlE e 6/1

II1oS:J:C PEKSIaf 1IrrIIOOT D.A RBLDI!' - BXXSTDIG s4,

.... GROUP-A

SCHEDULE OF ACTUARIAL LIABILITYOF SAMPLE PATA AS AT 03/ 112004

581275 NUMBER20 SERVICE

4450641 SALARY 95000951289661 PAST SERVICE PENSION 2752840

111254127 PAST SERVICE LIABILIT 23141699234922350 FUTURE SERVICE LlABILIT I 14543343

~~~~~~~==_== __~__~~!.~!_:~~BUT!~~ __=_=-__=--t-_~~:::::_I

II SCJPFlIYV.tlE<P6/2

- EXISTING S~. :: GROOP- BIc==_c====,=============_====~~==-=======:======:=======:::=====*=-=========

SCHEDULE OF ACTUARIAL LIABILITY OF SAMPLE DATA AS AT ~03/31/2004=~-=======~===================s====_===-==~=====================-==SAMPLE DATA UPRA ED DATA

=================~==~--==-~=~========~=======~~====~1F==-=-=====977 NUMBER 1214922 SERVICE 10881016

SALARY 239~3780PAST SERVICE PENSION 81 4821PAST SERVICE LIABILITY 6524 3538FUTURE SERVICE LIABILITY 1874 9853VALUE OF 1% CONTRIBUTION 265 7220

BASIC PENSION WITH~ D.A RELIEF

36937882966068068522943012055525

BASIC PENSION WITHOUT D.A RELIEF

-===========================~============================ ==========

EXISTING S :: GROtJP- C

========================================================== ==========SCHEDULE OF ACTUARIAL LIABILITY OF SAMPLE DATA AS AT Q3/31/2004

======;;:;~;=~~;~====================================;;~;~~=~~;~==============================================================~=========

7262 NUMBER 18~3216 SERVICE 57775 52

SALARY 143459 1014064621 PAST SERVICE PENSION 34923~35

998389460 PAST SERVICE LIABILITY 2479063~47708741657 FUTURE SERVICE LIABILIT 1759849 4485242642 VALUE OF 1% CONTRIBUTION 211662 09======================================================= =============

I,

22B,ParkMansion \57A,ParkStreetKolkata-700016±Phone,24S7"()10B(D),2458-1879 4576654 (0),2468-0966 (R)Fax:[email protected]. i1e:9831076494

III,

•••• v CIIolterJ •• MSc.,F.LA.Febv Institute Of Actuaries (U.K.)FelON FederationOf Insurarce Institute (India)Fellow ActlA'lrial Society Of India

ACTUARY


{

CI ...-!., ~r

r:t:

rt:

t:

c·cc(

c(

c(

(

(

(

Page IS of I?

:: GROOP- D

SCJll£il)'VIlE e 6/4

BASIC PENSION WImOUT D.A RBLmF - BlaSTING

SCHEDULE OF ACTUARIAL LIABILITY OF SAMPLE DATA AS T 03/31/2004

104312

24205 9718711 266462 91689

155 34837160 1419818 02292

98769966904932689647967888136

NUMBERSERVICESALARYPAST SERVICE PENSIONPAST SERVICE LIABILI~YFUTURE SERVICE LIABILITYVALUE OF 1% CONTRIBUTION

SCJ/lE(})V£lE e 6/5

D.A RELIEF 'l'O BASIC PENSION EXIftING S~ : : GROUP- A

====;~;;~;~;~~;=~;~;;;~~;;;;~;;;-~;-;AKPLE DATA A~~;~;;~~=--===~~~===--=-=====--===--=-===-=---= ----==-~-=-=~===-~

SAMPLE DATA UPRAFED DATA=====:~-====_=~= -=__========s:=-==-====--_~ --====-=.- ,=-=-==_====_275 NUMBER \ 587

20 SERVICE4450641 S~Y ~5000951289661 PAST SERVICE PENSION ~752840

66132153 PAST SERVICE LIABILIT 14~16208722117325 FUTURE SERVICE LIABILIT 41210435

======_~~~:~~~===_====_==~~=~:~~':~~~~=_=a1259~:~=====co

\ SCJ/lE(})Vr.i:Ee 6/6I .

D.A RELIEF 'l'O BASIC PENSION - EXISUNG STAFF i: GROtJP- BI=-==ca========-=============~=~=========--=-==_===u_==F =_=-==_=~

SCHEDULE OF ACTUARIAL LIABILITY OF SAMPLE DATA AS ATI 03/31/2004-=a;==c:====z: ,===_-:==_=======::===========-~_==___~_======_~~-============~

SAMPLE DATA UPRATED MTAI======================~=================~~=========-==_c=========

977 NUMBER I 214922 SERVICE 10,81016

SALARY 23~337803693788 PMT SERVICE PENSION 8f24821

177887107 PAST SERVICE LIABILIT 391~7880653281188 FUTURE SERVICE LIABILIT 11719680012055525 VALUE OF 1% CONTRIBUTION 26~17220

=======aa====_==============::============================*============. I

22B,PIIrkMansion ~II57A,Park StreetKoikata-700 6Phore:2457-0100(D),2458-1 ~4576654 (0),2468-0966 (R)Fax:91-33-2458-1879EmaiI: [email protected]. Mobile: 98310 76494

III

•••••• v a..tterJee MSc.,F.LA.FeIIo.v Institute Of ktuaries (U.K)FeIIoN Federation Of Insurance Institute (India)FeIIo.vktuariaI Society Of India

ACTUARY


c:cr "...-,r-

r:rr:ccr:r(

(

(

(

(

(

c(

c(

~

(

li;.-

;..,

'-,

Page 16 of 17

D.A RELIEF m BASIC PENSICM - EXISUNG S :: GaOOP- C

SCHEDULE OF ACTUARIAL LIABILITY OF SAMPLE DATA AS AT 03/31/2004

726216

NUMBERSERVICESALARYPAST SERVICE PENSIONPAST SERVICE LIABILITFUTURE SERVICE LlABILITVALUE OF 1% CONTRIBUTION

1406462161529515944099865685242642--~---=---=-=~-----------.---.,---------=----D.ARELIEF TO BASIC'PBNSICM - EXISTING S

1.8032517753524345981034923335

15 781634610 50272332 1662809_________--.=__s=

:: GROOP- D

SCHEDULE OF ACTUARIAL LIABILITY OF SAMPLE DATA AS T 03/31/2004

104312

5097187987699

41820984427662547888136

NUMBERSERVICESALARYPAST SERVICE PENSIONPAST SERVICE LIABILITFUTURE SERVICE LlABILITVALUE OF 1% CONTRIBUTION

2420

====================c=-==-=_=--===========~= __====~========~=====-

D.A RELIEF '1'0 BASIC PENSION ACTIVE STAFF ::ALL CATEGORIES CaoflUNED :: PENSION VALUATIONAS AT 03/31/2004SCHEDULE OF ACTUARIAL LIABILl:TY OF SAMPLE ~ /OPRATED DATA

SAMPLE DATA================================~===================== =============

UPRATED DATA=========================================~=~======== =============

9557o

7820419620035770

901135404559163424109992588

NUMBERSERVICESALARYPAST SERVICE PENS.IONPAST SERVICE LIABILITYFUTURE SERVICE LIABILITYVALUE OF 1% CONTRIBUTION

2318818872033348092687

21572915471358662021266741554

===============-======================================= =============

•••• v CIIo""J •• MSc.,F.LAFeIk:Mt Institute Of Actuaries (U. K.) .Fello.v Federation Of Insurance Institute (India)Fellow I'duariaI Society Of India

ACTUARY

22B,Park Mansion571\Park Slreet.KoIkata-700 016Phone:2457-Q108(D),2458- 879/24576654 (0),2468-0906 (R,)Fax:91-33-2458-1879Email: [email protected]. in. Mobile: 98310 76494

c:('

r.r-c:('

r-c'ccrc(

crc(

(

(

(

(

(

{

(

(

<-

C(

~

Page 17ofl7

2667.42

ACTIVE S'rAIT : :PZRS%OItw:r~ D.1. DLD:I' VALtJAT%OItAS U 03/31/2004SOMHARY OF ACTUARIAL LrABIL%ft OP ro.rAL EMPLOYEES

(RATED UP I'RCM ·SMmLB DATA)

AGE PAST SERVICE FUTURE SERVICE CONTRIBUTIONLIABILITY LIABILITY

NUMBER SALARY ACCRUEDPENSION

GROUP- A 2374.77 745.43 102.5995.00 27.53587

GROUP- B 1874.70 265.1781.25 6524.142149 239.34-=-=-=---==--------------------------- .... ----------~"---.~--~.---------GROOP- C 349.23 24790.63 17598.50 2116.6318032 1434.60

1552.35 1600.14 183.02GROOP- D 118.27 22.922420

ALL 23188 1887.20 480.93 35241.89 21818.77

j 'CJllEmJ£l£ (J'8

BXDtTDTG S'rAIT : :D.A QLD:J' !fO BAS%CPZRS%ONVALUAZOW~~ AT 03/31/2004SUMMARY OF ACTUARIAL L:IABIL%ft 01' TOTAL EMPLOYEES

(RA'l'ED UP FRQoI Si\MPLE DM'A) I

~~;==-===;;;;;=;~-;=-~~~;~;=~~;~;===;;~;~~;;=4;=~~;=-PENSION LIABILITY LIABILITY I

GROOP- C18032 1434.60 349.23 15278.16 10950.27- a == ~_____________________________________________ _ _GROUP- D 2420 118.27 22.92 970.34 992.28

ALL

••••• v CllGtterJ•• MSc.,FU.

Febv Institute <?' ktlwies (U.K.)FeUowFederation Of Insurance instiMe (India)Felow Actuarial SQQetyOf IncIiG

ACTU""RY

228,Park Mansion57A,Park StreetKolkata-700 016Phone:2457-0108(D),2458-1879124 76654 <O),2~ (10Fax:91-33-2458-1879Email: [email protected]. ~: 9831076494

IIIIII

II


cc

~ lr ~,

Jr-rc:ccccccc(

(

c(

(

(

(

c(

(

(

c(

<-

l

l

EMPLOYEES PROVIDENT FUND RGANISATIONACTUARIAL .VALUATIONAS A 31.03.2004

OF, PENSION-cum-GRATUITY

PENSION LIABILITY - EXISTIN PENSIONER

EXISTING FAMI Y PENSIONER

BYBHUDEV CHATTERJEE M.Sc ~FELLOW INSTITUTE OF ACTU ES (UK)FELLOW ACTUARIAL SOCIETY INDIA

22B, PARK MANSIONS57A, PARK STREETCALCUTTA 700 016


•••••• GlGttcrJee MSc.,FH.

FellON Institute Of t'duaries <U.K.)FeIIoH Federation Of If'lStlance lnStltute (India)FellON ~ Society Of India

ACTUARY

228,ParkMansion57A,Park StreetKoikata- 016Phone:2457-0100(D),24 1879124576654 (0),2468-0966 (R)Fax:91-33-2458-1879E:mail: [email protected]. Mobile: 9831076494


cc

<. \

('

r:c:r:c:t:

c:ccc(

(

(

(

(

c(

(

(

l(

(

(

(

l

l

l

Page2of7

EMPLOYEESPROVIDENT FUND RGANISATIONACTUARIAL VALUATION AS A 31.03.2004

OFPENSION-cum-GRATUITY

PENSION LIABILITY - EXISTIN PENSIONER

EXISTING FAMIY PENSIONER

INDEX1. f£~

2. COiJ,lECJUllqE

3. fBP9/lEf£Iq'

4. CJ)fttJ}f

J. 0.JlSP,S or tV}l£V}lCZ10

6. CJUllrnO!N}l£t£oe vscu CZ10!N

7. ~V£lJ'S oe tV}l£V}l

8. ~C09494W(tJ)}lCZ10fJ(

SCJ{tEi[)V£P.S - fJ( 1 - (}!tEfJ(6

•••••• GlelMr••• MSc.,F.LA.FeIIo.v Institute Of Actuaries (U.K.)FeloN Federation Of Insurance Institute (India)FeIIoN )'duarioI Society Of Indio

ACTUARY

228,Pari<Mansion57A,Pari<Slreet.KoIkata-7 016Phone:2457-0100(O),2 1879/24576654 (0),2468-0966 (R)Fax;91-33-24M-1879E:mail: [email protected]. Mobile: 98310 76494

, .


\'

rr- , ..

rrccrcccc(

(

(

c(

(

(

(

{

(

(

(

l~

Page3of7

EMPLOYEES PROVIDENT FUND 0 ,GANISATION' .ACTUARIAL VALUATION AS AT 31.03.2004

OFPENSION-cum-GRATUITY S HEME

PENSION LIABILITY - EXISTING PENSIONER&

EXISTING FAMI v PENSIONER

Employees Provident Fund Organisation Pension Scheme has rovision to pay Pension onexit of an employees from Employees Provident Fund Or 'on or on one's death toone's spouse. The Pension to Vested Pensioners is paid on PAY YOU GO basis

The aim of this valuation is to work out:

(i) Liability of the Existing Pensioner together with the liab' 'ty of Contingent FamilyPensioner thereof

and(ii) Liability of Existing Family Pensioner

Pensioner retired from date of inception of Scheme till 31.03.2 has been taken intoaccount.

3.Pensionery Benefits is based on Ru1es 48 and 49 of CCS Pens' n Ru1es 1973 as modifiedfrom time to time which is 50% of average Basic Salary has alr y been anived at which iscalled Basic Pension, The Basic Pension attract full neutralisation ofDA

Detailed benefit of Existing Pensioners has been provided as a p

••••• v CllGtterJ•• MSc.,F.I.A.FeltON Institute Of Actuaries (U.K.)FeIfON Federation Of Insurance Institute (Indio)Fellow Actuarial Society Of India

ACTUARY

22B,PatkMansion571\Patk Street.KoIkota-700 . 1(»Phooe:2457-0100(D),2458-1 79,'24576654 (0),2468-0966 (R)Fax:91-33-2458-1879E:maiI: [email protected]. .in. Mobile: 98310 76494

(:

c\...c: '\

c:ccrrc:crc(

(

c(

(

(

(

(

(

"-

(

(

(

(

(

"

Page4of7

-

EPFOhas decided that valuation will be based on Sample Data. Sample Data has beenprovided accordingly. From sample data those with iI complete information wererejected. Balance data has been takeD for valuation pmposes.

Detailed in Sehedule- PEN 3 & PEN 4

This is first valuation carried out by us. Accordingly we have not carried outReconciliation of'Data, between valuatiODSas to exits from la~ date.

Accordingly, the data bas been used in valuation without ~~amc..l.~ts.

This being the first valuation, conseqUently we have relied llJK>ll Stock-Basis i.e generalbasis as app1ic.able to establishment with mainly white colom worker of such size.Basis of Actuarial Valuation is detailed in Scbedule- PEN 1. In successive valuationexpected exits on actuarial bases will be woIked out and comp~ with actual exits. Thiswill justifY or modify the bases used - wben appropriate action will be taken.

6. illnOn.rlE Of" 1IJi£'llMlQ9(

Unit projection method bas been used. Under the same each indvidual employeehas been valued as per rationale detailed in Sdled~- PEN 2.

7. nsV£q;~Of 1l!l£VlI/I1(lJ( -S,8atfclE 9)Jlcn

CURRENTPENSION

FUTURED.A.RELEIF

TOTAL

Existin£ Pensioner 115.73Existing FamilyPensiolJer

18.20 41.04161.0221.84

276.75

Total 183.86 133.93

See Schedule .PEN 5 - Existing FamBy PensionerSchedule PEN 6 - Existing Pensioner

It is recommend that this payment be funded in entirety as at 31.032004

~BHUDEV CHATTERJEEACTUARY

at.ct•• a..tterJe. MSc.,F.lA.FelIoN InstituteOf Aduaries (UK)FeloN Fedaattol'i Of Insurance lnWtute (India)FeloN MlWiaI Society Of India

ACTUARY

317.79

22B,Patk Mansion571\PatIt Street.KdIcml-700 01Phone:2457-0108(D),2458-1S7t124576654 (0),2468-0966 (R)Fax:91-33-2458-1879 I

E:mml: [email protected]\ Mobile: 9831076494

\

\

I

rcr: «: ' o-

r:rccc:crccc(

(

t:

(

(

(

(

l(

l

ll,

PageSof1

1. PENSIONER MORTAUIr -_AGEBELQW6Q

MALE STAFF

BASES FOR VALUATION OF VESTED PENSION UABI

FEMALE Aged has been taken asMALE Aged X-3

2. PENSIONER-MORTALITY FOR OTHER AGES

FEMALB STAFF

MALE PENSIONER a(5S)

FEMALE PENSIONER a(55) at age x-2

3. PENSIONINELATION 4% p.a with halfyPension

rest after vesting of

4. INTEREST RATE

Curreat Investment yield is given below

10 Years & Over 7%8.25%

Govt. Security P.s.uOutstanding Term7.5%Less than 5 ears

Between 5 & 10 Years 7.25%8.50%

Interest rates used for valuation, considering yield of Fun .

Liability upto 5 yearsBetween 5 & 10 yearsOver 10 years

7.75%7.50%7.25%

••••• v a..tterJe. M8<:.,F.LA.FeloN Institute Of Actuaries (U.K.)Fdcw Federation Of II'lSlIIOOCe Institute (India)FefIcMt ~ SocielyOf Indie

ACTUARY

22B,P8II< Mansion57A.P.YkStreetKoikam-700 6Phone:2457-01~),2458-18 1"24576654(0),2468-0966 (10FIIX:91-33-2458-1879E:mail: [email protected] . Mobile; 9831076494


rrr-("~ i.---.c:cccccccccc(

(

(

(

(

(

C

(

(

(

C\,

l

C

Page6of7

.,... --

Consider one age x now with monthly Palsion ofPEN(x)

Pension payable after t years from now will be PEN(x+t) = P

When 'j' is the rate of annuallna'ease of Pension.

Probability that such a pension will be payable, that one service

p(x+t) = Kx±tll(x)

When I(x) =I(x+t) =

Number of Pensioners age x nowMember spouses at age x+t

= peosioD x probability of paym t= PEN (x+t) x p(x+t)

= PEN(x) X I(~;)t) xCI+ j)t-1

Discounted value at age x of a pension payable at age x+t

Then probable pension

V(x+t)= PEN(x)xl(x+t) x(1+ jf'x(1+ ir'I(x)

= PEN(x)x I(x + t)xC1+ jy+l x(1+ i)-(%+I)x(1 + i)-<%+I(x )x(i + jY xCI+ if%

D( t)tlJPEN(x)x x+.

D(x)"J

'Yhen 'i' is rate of discounting

=

Aggregate. of all discounted values from t = 100 - X, will consti te the pension liabilityof the individual where is refer as PEN(x)xiix

Widow Pension liability of widow is worlced similarly, ass . g man is dead, whilewidow is alive:

Aggregate of Mans Pension and Widow Pension will constitu e Liability of ExistingPensioner.

Similar method has been applied to worked out Family Pension Li ility.

•••• v CllGtt.rJ •• MSc.,F.LA.

Fellow Institute Of Actuaries (u.K.)Fellow Federation Of Insurance Institute (India)FdIoN Actuarial Society Of India

ACTUARY

22B,ParkMansion57t\Park Street.KoIkata-700 6Phone:2457-0100(D),2458-18 91'24576654 (0),2468-09<:0 (R)Fax:91-33-2458-1879E:mail: [email protected] n. Mobile: 98310 76494


crr r- ..•....

r=('

cccc('

cc(

(

c(

(

c(

(

<..

\.

(

<..

<..

c(

l.(

Page7of7

FAMILY PENSIONER : :PBHS:rON ~ION ASRECONCILrATION OF SAMPLE DATA FOR VALUATI

TOTAL NUMBER OF DATA RECEIVEDTOTAL NUMBER OF DATA "WITHOUT DATE OF BIRTHTOTAL NUMBER OF DATA WITHOUT PENSION

2045381

==-==-:===~o==r_~====-====_, """•••=__••••_-==================:z=-TOTAL NUMBER OF DATA ACCEPTED FOR VALUATION

MEMBER PENSIONER : : PENSION VALUATION ASRECONCILIATION OF SAMPLE DATA FOR VALUATION PUllPO

TOTAL NUMBER OF DATA RECEIVEDTOTAL NUMBER OF DATA WITHOUT DATE OF BIRTHTOTAL NUMBER OF DATA WITHOUT PENSION

1843293375

TOTAL NUMBER OF DATA ACCEPTED FOR VALUATION==========~===========--===-====--=-===~===========-=== =-===-~---=FAMILY PENSIONER 03/31/2004: : PENSION VALUATION AS

SAMPLE DATA====================~--===~==---=========~============ ===-~=======

70148836

1780696514190256

NUMBERMONTHLY PENSIONBASIC PENSION LIABILITYD.A RELIEF TO PENSION LIABILITY

MEMBER PENSIONER :: PENSION========================================================= =~=======

SAMPLE DATA========~=============-===============:::;===:;::;:=-===::;:========== ==-=======

117!?4464840

647067348465062065

NUMBERMONTHLY PENSIONBASIC PENSION LIABILITYD.A RELIEF TO PENSION LIABILITY

8hwd.v CllCatt.rJ •• MSc.,F.LA.Febv Institute Of ~ (U.K.)Fellow Federation Of Insurance Institute (India)FeIIo.v ActlR!rkII Society Of India

ACTUARY

22B,ParkMansion57A,Park Street.KoIkata-7 016Phone:2457-0108(D).245 1879/24576654 (0).2468-0966 (R)F1IX:91-33-2458-1879E:mail: [email protected]. t.in. Mobile: 98310 76494

c~ ,.~:~i<f!«;<},"r:c?,« -. ....

(' (~!~.A!'·rr('

cccccccr(

(

(

(

(

(

lC(

C(

l

l

l

Pagel ofl~..' ~'" .',

EMPLOYEES PROVIDENT FUND RGANISATION0- .ACTUARIAL VALUATION AS A 31.03.2004

OFPENSION-cum-GRA TUITY

BYBHUDEV CHATTERJEE M.ScFELLOW INSTITUTE OF ACTUAR ES (UK)FELLOW ACTUARIAL SOCIETY INDIA

22B, PARK MANSIONS57A, PARK STREETCALCUTTA 700 016


8hd •• CltGttcr.... MSc.,F.J.A.Febv Institute Of Actuaries (U.K.)FeIIovv Federation Of Insumnce Institute (India)Fellow I'duariat Society Of India

ACTUARY

22B,Park Mansion57A,.ParIcStreet. 700 016Phone:2457-01 0),2458-18791'14576654 (0),2468-0966 (R)

Fax:91-33-2458-1E:rnail: 2.vsnl.netin.Mobile:98310 76494

."i,.

[,~~~",~J~);"f '.. .

rr:c:c:cccrccccc(

(

(

(

(

(

(

EMPLOYEES PROVIDENT FUND RGANISATIONACTUARIAL VALUATION ASA 31.03.2004

"~' OFPENSION-cum-GRATUITY CHEME

'-'!~:'~~~-~~~)

'~~'!',~4:',i\:\

EXISrl~~ .:'_ -C;~TUITY LlABI,LI~~~':~.':-',:~, -

INDEX

1. p~2. C()'J)£'V.qE3. 4JW{tE/Flcr4. (J)/lt})l5. lBJI9ESOP tflfl.£VJffJ1O!N6. ~fJ109(/lI/E ()IF tV}4.£V/l7. flfASV£f]'S OP tV/l£Vjl'lJ8. tV/l£/V/lfJ1QNfBJl£M{(}E 'J{lE(E/r9. CO!JVl'Ig/JIJJf.JtI10!J{ lJUf qtEto. ~CO~t£!NID/l'110N

SCJlJEiDV£l£- fit tTOfi7

••••• v a.catterJa MSc.,Fl.A

Febv InstituteOf Actuaries (U.K) .Febv Federation Of Insurance Institute (India)FeJtow.ActuatiaISociety Of India

228,Park Mansion571\Park StreetKolka 700 016Phone:2457-0108(D 2458-1879/24571:654 (0),2468-0966 (R)

Fax:91-33-2458-1879

r:

rr:c ~>,,'

rrcccc:ccc(

c(

(

(

c(

~,~".- -:.

EMPLOYEES PROVIDENT FUND RGANISATIONACTUARIAL VALUATION AS AT 31.03.2004

.OF-PENSION-cum-GRA TUITY S

EXISTING STAFF - GRATUITY IABILI"

Employees Provident Fund Organisation Pension-cum- ~tui'1y Scheme hasprovision to pay Death-cum-Retiremalt Gratuity on exit of employees, fromEmployees Provident fund Organisation. The Scheme has not funded based onActuarial Basis but a Fund has been aeated by regular annual ibution. Overand above the same expenditure on Gratuity for each year is .d oUt of CUtTeDtIncomei.ePAY AS YOU GO basis.

The aim of this valuation is to work out :(i) Past Service Gratuity Liability as at 31.03.2004 for Exil'~ Sta1t for their

service upto 31.03.2004and

(i) Annual Contribution required to support Gratuity Benefi

2. CQ'f1Ef,nGfiAll employees as at 31.03.2004, regardless of salary are cov for payment ofGratuity on exit.

Gratuity Benefits is as per provisions of the Rule 49 & 50 ofCCS (pension)Rules 1972 as modified from time t-otime. -

Broadly Benefits is half months salary per year of service of exi other than deathand benefit as per scale on death.

Details of benefits are in Schedule - G 1.

••••• w ClletterJee MSe.,F.LA.Febv Institute Of Actuaries (U.K.)FeIION Federation Of Insl.Jl'!!OCeInstitute (India)Febv Actuarial Society Of India

22B,Park Mansion57A,ParkStreetK a-700016Phone:2457-01 ),2458-1879/24576654 (0),2468-0966 (R)

Fm<:91-33-2458-18

·,;:t~)_f~1pflS. '-;'.l-."

t:

c\'.. .',.

r-'.. :c:

r:('

cccCrC(

CCc(

(

C(

(

(

(

(

(

(

(

C

L

4. waX!4.1 EPFO bas decided that valuation Will be based on Samp e Data. Sample Data bas been

provided accontingly. From sample data those with . plete infonnation wererejected. Balance data has been taken for valuation

See ScheduIe- GS

This is first valuation carried out by us.

Accordingly we,have not carried out(i) RecondliationofData, between valuations as to . from last date(ii) Follow the trend of illaease in salaty over the r

4.2 The data was subjected to usual correlation Tests of(a) Age - Salaly(b) Age - Service(c) Sa1my- Service

Such tests have not shown any inconsistency thereon. A dingly, the datahas been used in valuation without amendments.

This is the first valuation, consequently we have relied upon Sbasis as applicable to establishment with mainly white coloursize. Basis of Actuarial Valuation is detailed insuccessive valuation expected exits on actuarial bases willcompared with actual exits. This will justifY or modifY the bappropriate action will be taken.

-Basis ie generalorker of suchedulc-G2. In

worked ·out andused - where

Unit projection method has been used. Under the same each indi 'dual employeehas been valued as per rationale detailed in Schedule- G3.

••••• y CllelterJ.. Mlk;.,F.LA.FeltoN Institute Of J>duaries (U.K.)FetIoN Federetion Of Insurance Institute (India)FeftON ActUMiaI Society Of India

512S,Park Monsion57J\Park Street 700 016Phone;2457~1 },2458-1879124576654 (0),2468-0966 (R)

Fax:91-33-2458-18 9

r:r-cr:

'-c:C'

cc:oc:crccCc(

(

c(

(

l

lC,"--

'Page 5 errs

7.

In the valuation we have taken into account Existing Staffs as at 31.03.2004 asdetail below :

Rs.ILacs

GROUP A GROUPB GROUPD TOTAL587 2149 2420 23188

95.00 239.34 118.27 1887.211077.17 3171.50 874.93 18438.82750.68 2280.56 525.47 11963.9875.21 362.60 _543.25 5062.98

102.59 265.17 21 6.63 183.02 2667.42

See Schedule - G7

8.

(UPRATED FROM RESULT OF SAMPLE DATA)

/23188Salary

VALUATION BALANCE SHEET FOR PENSION-cum-G TUITY for EXISTINGSTAFF AS AT 31.03.2004 - GRATUITY LIABILITY

RupeesLaksAmount

Rs.Amount

Rs.Value of Past ServiceLiability

Value of Future S ceContribution @ 5% 0s8I

11963.98 13337.08

5062.98Value of Future ServiceLiabili

Asset Required 3689.88

Total 17026.96 Total 17026.96

•••••• v CIaott.rJ •• MSc.,F~A.Fellow Institute Of Actuaries (UK.)Fe/Io.v Federlltion Of Insurance Institute (India)Fellow ActU6ria1 Scx:iety Of India

22B,PCIIkf.Mnsion

571\Par1cStreetKoI~-700 016Phone:2457-0108( ),2458-1879124576654 (0),2468-0966 (R)

Fax:91-33-2458-187

I

II

-'

rr:n()

rC:(';

Cr('

Page60fiS '-

9.

Since valuation is based on Sample Data, it is required to cany out an exercise todetermine contribution rate required to support benefit .

Contribution rate derived is 6% of saIaIy Which ~ with StandardContribution Rate 18vourably.

This is detailed in Sdledule-.G4rC 10. tRfEC09d9rtCf3flD41lQ!J(cccc(

(

(

(

(

C(

(

l..

In this days offalling interest rate, it is recommended to fund "liability instead ofpayinent onPAY-AS- YOU-OO-BASIS. .

BHUDEV CHATTERJEEACTUARY

.....v a..tterJ•• MSc.,F.LA.Fellow Institute Of ,4(;tua!ies (U.K.)Fellow Federation Of Insurance institute (india)FeBo.v .Actuarial Society Of India

22B,PIIIk Mansion57A,Park Street.KoIkata-700 016Phone:2457-0108(D),24is8-1879I2fj76654 (O),2-46B-0966 (R)

Fmc:91-33-2458-1879 '

t:

c0.

(1

C'C'cc:c:c(

cc(

C(

(

C('

(

(

(

(

(

l

(

- •.

.Sc/ietfufe - 91

Death-cum-Retirement G~atuity

In the event of exit ofan empl~:ftomEMPLOYEES PRO~ENT FUNDORGANISATION

. (a) Retirement Gratuity

(i) On his superanngIIJonor

(ii) On his retiremeutarresignationor

(ill) On his terminatiQlllof service fur any reason whatsoever other than dismissal

Retirement Gratuity payable lJDIIiIcI" (a) shall be admissible at the rate of 15 daysemoluments for each completed y(:81'S of service (month taken • 26 working days)or part thereof in excess of six months, su.bject to a maximum of Rs. 3,50,000/-(Rupees Three lakbs fifty thousamd).

(b) On Death in Service

Gratuity payable on DeatIt:in service shall be as under :

Length of qualizying Rate of Death GratuityService

(i) Less than 1 year 2 times of emolumel\ts(ii) One year or mON 1tess 6 time of'emoluments

than 5 years(ill) 5 years or more huIt less 12 time of emohnnents

than 20 years(iv) 20 years or more ~ of emoluments for-every completed

years of service subject to a maximumof33~ofemru~ts

•••• y ClletterJee MSc.,uAFeIlo.v Institute Of I'duaries (U.K) .FeIIoN Federation Of Insurance Institute (India)Fello.v PduariaI Society Of India

22B,Parl< Mansion57A,Park StreetKolkatl!-700 016Phone:2457-0108(O),2458-1879!24576654 (0),2468-0966 (R)

Fax:91-33-2458-1879'

r:r:0

rr()

r:rC

C AC(

(

(

(

(

(

(

(

{

l

Sc6.etfufe - g2P8ge8oflS

BASESfOR VALUAnON OF GRATUITY UABlmT. I

1. STAFFMQKI'ALI1X \Itjl;\1~:MAT.R slAw L.I.C.I 1~1996 ULTIMATE TABLE

ATAge~3'tOtAge X if ageis.:~~.~atAgex4

. t

FEMALE STAFF FEMALE l~ X has been taken asMALEA~X-3

\

2. RESIGNATIONIDISMISSAUDISA&RMENT

All Causes Combinedper 1000 Employees

3. AGE-RETIREMENT

Retirement Age60 tRetirement ov age 60 Ignored

IGNORED \

\Scale Salary~, for different Gradestogether with A based on formula asgiven. Effect is % of Salaty as annualincreases for gement Staff and 5%for Non-Manag ent Staff.

4. VOLUN/'ARY-RETIREMENT

5. SALARy SCALE

MANAGEMENT STAFF&

NON- MANAGEMENT STAFF

•..••"a.••,.••MSc.,F.LA,FeIlo.v Institute Of Actuaries (U.K.)FeliON Federation Of Insurance Institute (Irdia)FeIlo.v ktuariaI Society Of India

22B,Parl<Mansion ~57A,Park StreetKolkata-7 016Phone:2457-010B(D),24 8-1879124576654 (O},2468-0966 (R)

Fax:91"33-2458-1879

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

r:

r:0 .('; '-r-nc:r:t:

c\

(

C

CC(

(

(

(

{

\

\

(

(

l

.- .x~·-.

6. INTERESTRATE

Current Investment yields are

Less than 5 years 7.5%p.s.uOuUtandiDg Tam Govt. Security

7% 8.5%Between 5 & 10 Years 7.25%10 Years & Over

8.250/.

Based on the market it is expected dIlIt interest rate will not furtheJ' f8II in future.

Accordingly interest rates used for valuation has been taker as

UabiJity upto 5 years

Between 5 & 10 years

Over 10 years

•••• v ClacatterJ •• MSc.,FU.

FeIIoN Institute Of Actuaries (U.K)FeIIo.v Federation Of Insurance Institute (Irda)FeJIoN I"duarial Society Of India

7.75%

7.50%

7.25%

22B,PiIIk Mansion

571\Park 5treetl<olkl ta-700 016Phone:2457-0100 D),2458-1879124576654 (0),2468-0966 (R)

Fax:91-33-2458-18 p

c:c:c -,

r ,

r:cc('.

CCCCC

CC(

(

cc(

c(

'--

, --~10:of15

-~;'-- ..

Sclidufe - <;3

RATIONALE'OF VALUATI N OF GM ' UITYLIABIUTY

Consider one age x nowwith salazy sService n

Acaued '<Jratuity after t years ftom IlOw Pension,'will, ,

GRT(x+t) = 15126 x (n+t) x S x (l+I)\ subject to IIUIXljmumofRs. 3,50,000/-

When Iis the rate of annual Inaease of salary.

Probability that such.a gratuity will be payable

p(x+t) = r(x+t.l+mffi +d(x ±tll(x)

When I (x) =Number of staff age x nowr(x + t) = Member retirees at age x + ton superann: nW(X + t) = Member retirees at age x + t on other grouad(x + t) = Member dies at age x + t

Then probable Gratuity = Gratuity x probability of payment= GRT (x+t) x p(x+t)

Discounted value at age x of a Gratuitypayable at age x + t

-tVGRT(x+t) =GRT(x+t) x p(x + t) x (l +1)

When j is rate of discounting

Aggregate of all discounted values from t = 0 to 60, will constitute theGratuity liability of the individual.

Sum of Gratuity liabilities of all such individualsGratuity liability of the Fund.

constitute of the

IM.v CllcatkrJ•• MSc.,F.LA.Febv Institute Of t"duaries (U.K.)Fellow Federation Of Insurance lnstiMe (India)FellowMuarial Society Of India

22B,ParkMansion57J\Park Street 700 016Phone:2457"()1 0),2458-1879124576654 (0),2468-0966 (R)

Fax:91-33-2458-18

cc:r("

c:cc:ccccccccc(

(

(

(

c

-,""<0 •• '

.'~.. -Ic~_~;":i;: -. "-S~'4~

cONTRIBUTION RATEREQUIRED roSuPPORT BENEFIT-,:'- I, '

CONTRIBUTION RATE REQUIRED TO SUSTAIN -"'P1~ SERVJCEGRATUITY-==- e_-===========--===---======== ••••••••••••••_ •••••_ ••••••, SAMPLE DATA TYPE OF BENEFIT ~',~t OPRATED DATA-===-======== ••••.,=••••====•••••=-c~=:==~~O====-~ ••.•-~-~-====:==

5 75 SUPERANNUATION ,:,.,.,$;:;)", 5 700:24 DISABLEMEN'l'BEFORE_£~ . 0: 240.32 DEATH'BEFORE .' AFTER"m-lREHENT ,0.320.12 OTHER:CAOSES BEFORE~~¥MENT " 0.12

===-_.;;;:c __ =====-= •••••••••••••._===== ...-,,'----====--=----=-===-==--~====-_6.44 ALL CAUSES COMBINED .. , 6.38

=z:=-======::z::== ••••==••••••••_~===-====--==-==- •.•• •.__ _~====_===z:za====-==

Contribution rate based on sample data is --higherthan Standard Contribution raterequired for payment under "the Payment of Gratuity Act 1cJ:I2" which is around5o/~ ,

Slightly higher value is due to the age distribution of Management St:afl: whenmore than 50% of sample data is over age 50.

(

cc"-l

l

•••••• v ClMtterJn MSc.,F.LA.FeIION Institute Of .Actuaries (U.K)Fellow Federation Of Insurance Institute (India)FelIo.Y Actuarial Society Of India

22B,Park Mansion57,o\Park street.KoII\ata-700 016Phooe:2457-01~D),2458-1879f24576654 (O),2~ (lU

Fax:91-33-2458-1879

r:r:n .- ....•.

n ,.f<,

r:r:nrr-c:(

C'(

(

CICi(

Cl(

l(

(

(

(

l

Page 12 of IS

St;JI!F.OOIl£ g S/l

EXISTING STAFF :: GROUP· A :: GRATUITY VALUATION AS AT 0313112004RECONCILIATION OF SAMPLE DATAFOR VALUATION~SES

=-====-===c========= •••••••==a•••••••_ •••__ ==--. -======--===- __=-====ax __===TOTAL NUMBEROF DATA RECEIVEDTOTAL NUMBEROF DATA WITHOUT DATE OF BIRTHTOTAL NUMBEROF DATA WITHOUT DATE OF JOINTOTAL NUMBEROF DATA WITHOUT SALARY

37787123---==--=-- =~==- ••••. ••__ • •• --=~...._.r, _

TOTAL NUMBEROF DATA ACCgPTED FOR VALUATION 275----------------------------------,----_. __.--.----------------- .•..------SCJI!l!lIYVi:lEg 6/1

EXISTING STAFF : : GROUP- ASCHEDULE OF ACl'UARIAL LIABILITY OF SAMPLE DATA/UPRATED DATAAS ~ 03/31/2004

SAMPLE DATA UPRATED DATA

27520

4450641504638243516818535236914806284

587NUMBERSERVICESALARYPAST SERVICE GRATUITYPAST SERVICE LIABILITFUTURE SERVICE LIABILITVALUE OF 1% CONTRIBUTION

950009510771732775068'0917521478

10259232====r======== __======-====-===========rc ======--=--====-__~=============a:=.=

SClFEc])V£'E g 5/2

EXISTING STAFF:: GROUP- B :: GRATUITY VALUATION AS',AT 0313112004RECONCILIATION OF .SAMPLEDA'l'A !'OR VALUATIONPURPOSES

TOTAL NUMBEROF DATA RECEIVEDTOTAL NUMBEROF DATA WITHOUT DATE OF BIRTHTOTAL NUMBEROF DATA WITHOUT DATE OF JOINTOTAL NUMBER OF DATA WITHOUT SALARY

11231181414=~==~====~=======~===~========s=~======~========a~=========a~========~=

TOTAL NUMBER OF DATA ACCEPTED FOR VALUATION 977===========================================~================~==========

••••• w CltetterJn MS<;..f~A.FefIo...v Institute Of ,Actuaries (U.K.)Fellow Federation Of Insurance Institute (India)Fellow .Actuarial Society Of India

228,Par1<Mansion57A,Park Street.KoIkata-700 016Phone:2457-0108(D),2-458-1879124576654 (O},2468-0966 (R)

Fax:91-33-2458-1879

ct:

rc _ • 1(,

rc:ct:

cc(

(

(

c(

(

(

Page 13 orIS

EXISTINGSTAFF :: GROUP-BSCHEDULE OF ACTUARIAL LIABILITY OJ' SAMPLEAS AT 03/31/2004

SCJ{!EtJYV£t£ g 6/2

~ UPRATED DATA

=-==-===-=====---~=====------=-=-------""'------F---=---*=----=-=--U~RATED DATA==~-=-= ••_= ::c:w: ====ar,_••••• -= =+-----====--=n=;=~=SAMPLE DATA

97722

10881016144185749103681101.1648488612055525

2149NUMBERSERVICESALARYPAST SERVICE GRATUITYPAST SERVICE LIABILITFUTURE SERvICE LIABILITVALUE OF 1% CONTRIBO'1'ION

23933780317149617

2280559743626000126517220

EXISTING STAFF:: GROUP· C :.GRATUlTY YALUATIONAS AT ()JlJll2004RECONCILIATICM OF SAMPLE DATA FOR VALUATICM l'oRPoSES

,===_=_=-================_===========-========- =====-~= __========-_c=-====-==========TOTAL NUMBER OF DATA RECEIVEDTOTAL NUMBER OF DATA WITHOUT' DATE OF BIRTHTOTAL NUMBER OF DATA WITHOUT DATE OF JOINTOTAL NUMBER OF DATA WITHOUT SALARY

832885715950

TOTAL NUMBER OF DATA ACCEPTED FOR VALUATION 7262=R=================:=================-========-==~=======~=-=a======c===========. SCJ{lEtJYVriE t;; 6/3

EXISTING STAn' : : GRQUP- CSCHEDULE OFACTUARIAL LlABIUTY OFSAMPLE DATAIUPRATE4 DATAAS AT 03/31/2004 .

====~a~=====================~a__===a====_=======~============~=====SAMPLE DATA

726216

5777535253624196933858457416439064885242642

18032NUMBERSERVICESALARYPAST SERVICE ~RATUITYPAST SERVICE LIABILITFUTURE SERVICE LIABILITVALUE OF 1% CONTRIBUTION

1434598101331522333840726665408192256211662809=======~================~=============================~====;~~-==~=

•••• v CIIotkrJcc MSe.,F.LA.Fellow Institute Of t"duaries (U.K.)FeltON FederMion Of Insurance Institute (India)Felow ktuariaI Society Of India

22B,Park Mansion .57A,Park Street.KoIkata-700 016Phooe:2457.Q108(D),2458-1879124576654 (0),2468-0966 (R)

FIIX:91-33-2458-1879 .

(\,

('I

r:c

"

"

I'

c:rCrC)

(

()C:(,

(

r(

(

( )

(

c.

Page~14oflS

SCJ{!EC1YVriE g 5/4

EXISTINGSTAFF :: GROUP-D::GRATUITY VALUATION ASAT 0313112004RECONCILIATION OF SAMPLE DATA FOR VALtJM'l:ON PURPOSES-=---====:;;:===-at~ ••••• ••_=-=_ ...-= =- =

TOTAL NUMBER OF DATA RECEIVEDTOTAL NUMBEROF DATA WITHOUT DATE OF BIRTHTOTAL NUMBEROF DATA WITHOUT DATE OF JOINTOTAL NUMBEROF DATA WITHOUT SALARY .

12471563117

TOTAL NUMBEROF DATA ACCEPTED FOR VALUATION 104,3_____ D ~ ~ -__- -__* , _

SCJ{l£OO£/E g 6/4EXISTING STAFF :: GROUP-DSCHEDULE 011 ACmARIAL LIABILIft' 011 'SAMPL1!: DA'DI./ OPBATED DATAAS A'S! 03/31/2004


104312

50971873770873822647523234136557888136

2420NUMBERSERVICESALARYPAST SERVICE GRATUITYPAST SERVICE LIABILITFUTURE SERVICE LIABILITVALUE OF 1% CONTRIBUTION

1182664687492949

525474665432506718302292

=================-===-=-===========-===-========:;;=====-=====-=-========

SCJ{lE(J)V£l£ q S

EXISTING STAFF:: ALL CATEGORIES COMBINED:: GRATUITY VALUATIONAS AT 03/31/2004RECONCILIATION OF SAMPLE DATA FOR VAI.O'ATZON PURPOSES

TOTAL NUMBER OF DATA RECEIVEDTOTAL NUMBER OF DATA WITHOUT DATE OF BIRTHTOTAL NUMBER OF DATA WITHOUT DATE OF JOINTOTAL NUMBER OF DATA WITHOUT SALARY

11075121821684

=======~========--=============~~======================~=========~==============TOTAL NUMBER OF DATA ACCEPTED FOR VALUATION 9557==========~==========~=~~==~========~========~~============-========~===========

•••• " Chatter.__ Ms...,F,LA.FeIbv InstituteOf I'ctuaries (U.K)FeIIc:r.¥Federation Of Insurance Institute (/rdia)Febv ktuarial Society Of India

'.J .-.,1-t'. ,,", 228, PaIIcMansion57A,Patk StreetKoIkata-700 016Phone:2457-0108(D),2458-1879124576654 (0),2468-0966 (R)

Fax:91-33-2458-1879

r:r .r) <,~

c:r:ccc:r:'-CC

Cr(

c(

c(

-

Page lS:oflS

. SCJ{lElJ)VClE q 6

EXISTING STAFF :: ALL CATEGORIES COMBINED :: ~RATUITY VALUATIONAS AT 03/31/2004 • .SCHEDULE OF ACTUARIALLIABILITY OF SAMPLE ~ /T1PRNB.D DATA


955778204196

768600281500081385207812881109992588

NUMBERSALARYPAST SERVICE GRATUITYPAST SERVICE LIABILITYFUTURE SERVICE LIABILITYVALUE OF U COH'l'RIBUTION.

231881887203331843882228

1196398198506298804266741554

SCJ{lEtJYVrlE g r

ACTIVE STAFF : : GRATUITY VALtJATIc. AS M 03/31/2004SU!6.lARY OF ACTUARIALLIABILITY OF TOTALEMPLOnBS

(RADD' UP FRQ.( SAMPLE DATA)

==~==c=========~=====_===~-=s=============-==- -=~======-===~=========~AGE NUMBER SALARY ACCRUED ACCRUED FQTURE CONTRIBUTION

GRATUITY LIABILITY LI~ILITY

GROUP- A 95.00 1077.17 750.68 75~21 102.59587~c====~=======c== :t===~==============--==~======~===~==~=================GROOP- B 362 ~.60 265.172149 239.34 3171.50 2280.56==_====~============~===================c============~======================GROUP- C 18032 1434.60 13315.22 8407.27 4081.'2 2116.63

GROUP- D 525_47 543.k5 183.022420 118.27 874.93=====~======---==~===~~=~~~==~===-===~======-===========~-=====================ALL 23188 1887.20 18438.82 11963.98 5062.99 2667.42======~===_===~=~=========~=======~===============C~====,=====_===========a====

•••••• v a.ett.rJ •• MSc.,F.LA.FelIoN Institute or J>ctuaries(U.K.)FelIoN Federation or Insurance InstiMe (India)Felkm I'duarial Society Of India

228,Park t.\ansion57APark Street.Koikata-700016 .Phone:2457'{)108(b),2458-1879124576654 (0),2468-0966 (R)

Fax:91-33-24S8-1879

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

) In theforifront of changes in deltvery ofyu6ficfy managed services. '

)

CbcAa l:tl 3i fc1t2:I . ra.fa "l:iJf31dOlEMPLOYEES' PROVIDENT FUND ORG~NISATION

~">('1\Q <t>1l11 (l'fll : 1"1fc)&:l ~ '+fCFf ~14, '+llCbIQiJ11 "Cf>111f ~, ~ RR>fl-l10!, 066

i

CORPORATE HEADQUARTERS: BHAVISHYA NIOI:-fI BHAWAN,14, BHIKAIJI CAMA PLACE, NEW DELHI-11P 066

q~,~fad UICfC6c;t ••••20 4-2005REVISED~STIMA TES 2004-2005

AND/~Elute UICfCbcl;l1 2005 006

BUDGET ESTIMATES 005-2006

(

(

(

(

(

(

(

(

EMPLOYEES' PROVIDENT FUND OR ANISATION

[ CORPORATE BEADQUAR

Bhavishya Nidhi Bhawan, 14, Bhikaiji ama Place,

New Delhi -110066

(

(

( IN D EX(

(

SI. No. SUBJECT PAGE No.

PART - 'A' Ii

EMPLOYEES' PROVIDENT FUND (INCLUDING tENSION SCHEME)

1 Memorandum of Budget proposal placed beffre Central 1-5Board of Trustees •

2 Explanatory note on variations between BE 2Q04-05 and 6-7RE 2004-05 \

4 Time series of Income & Expenditure for the lasti 4 years 8

5 Expenditure ratio with reference to contribution! 9I

6 Annual Financial Statement of Provident Fund C,ntribution 10Account - RE 2004-05 and BE-2005-06

7 Annual Financial Statement of Provident Fund I~vestment 11Account - RE 2004-05 BE-2005-06

8 Annual Financial Statement of Administrati on Fund 12Contribution & Investment Account - RE 200 ~-05 BE-2005-06

9 Annual Financial Statement of Pension Fund Co tribution 13Account - RE 2004-05 and BE 2005-06

10 Annual Financial Statement of Pension Fund In vestment 14Account - RE 2004-05 and BE 2005-06 I

12 Region-wise Income and Expenditure Revised E1Stimates 15for 2004-05

13 Region-wise Income & Expenditure Budget Estin ates for 162005-06

14 Region-wise PF contribution - RE for 2004-05 ani BE for 172005-06

15 Region-wise Pension Fund contribution - RE for • 004-05 18and BE for 2005-06

16 Regionwise Administrative Charges - RE 2004-05 land BE 192005-06 I

17 Regionwise Inspection Charges RE 2004-05 and BE 2005- 2006

18 Regionwise Penal Damages - RE 2004-05 and BE 2C05-06 21

19 Petty works, Repairs and maintenance of Office Bu·,dings 22and Staff Quarters - Region-wise RE 2004-05 ahd BE2005-06

t...-

.

(

(

(

51. No. SUBJECT PAGE No.

20 Original works (Capital Expenditure) Region~wise RE 2004- 23-2905 and BE 2005-06

21 Recovery of loans & Advances - RE2004-0~ and BE 2005- 3006 ~"

22 Consolidated Administrative Expenditure - RE 2004-05 31-32and BE 2005-06

23 Sanctioned strength and in position of Officers and staff as 33-34on 30.9.2004

(

(

PART - 'B'

EMPLOYEES' DEPOSIT LINKED INSUR;ANCE SCHEME

(

1 Memorandum of Budget proposal placed before Central Board 35-37of Trustees

2 Annual Financial statement of Contribution Account 38

3 Annual Financial statement of EDU Investment Account 39

4 Annual Financial statement of EDlI Administration Fund 40Contribution and Investment Account

5 Region-wise EDU contribution - RE for 2004-05 and BE for 412005-06

6 Region-wise Administrative Charges - RE 2004-05 and BE 422005-06

7 Region-wise Inspection Charges RE 2003-04 and BE 2005-06 43

8 Region-wise Penal Damages - RE 2004-05 and BE 2005-06 44

9 Consolidated Adminlstrattve Expenditure - RE 2004-05 and BE 45-462005-06

10 Comparative statement showing RE 2004-05 for Contribution, 47Income & Expenditure in three schemes.

(

(

r

(

r(

(

(

(

(

(

(

(

(

(

\

\

REVISED ESTIMATES FOR THE YEAR 2004-2005 AND\ BUDGET ESTIMATES FOR THE

YEAR 2005 .•2006 FOR THE E":!PLOYEES' PROVI ENT FUND SCHEME, 1952

(INCLUDING EMPLOYEES' PENSION SCHEME, 1995) A D THE EMPLOYEES' DEPOSIT

LINKED INSURANCE SCHEME, 1976.

The Budget proposals (Revised Estimates 2004-2005 nd Budget Estimates 2005-2006

in respect of Employees' Provident Fund Scheme, 1952 (i eluding the Employees' Pension

Scheme, 1995) have been tabulated and the position is as fol ows.

The statements showing the receipts on account f Contributions, Administrative

Charges, Penal Damages, Miscellaneous Income and the pr posals for expenditure made in

the Revised Estimates for the year 2004-2005 and Budget e¥imates for the year 2005-2006

are indicated in the statements appended to this memora~dum for consideration by theI\

II

REVISED ESTIHATIiS FOR THE YeAR ~O~2005

(A) CONTRIBUTION TO THE EMPLOYEES' PROVIDENT fUND:

Board.

The Revised Estimates for the year 2004-2005 are Rs 9 91.45 crores as against a sum

of Rs 9519.79 crores provided in the Budget Estimates for t e year 2004-2005 and actual

receipts of Rs 8243.41 crores In 2003-2004. The Region- Ise details are given in the

statement on page 17.

(B) CONTRIBUTION TO THE EMPLOYEES' PENSION SCH\EME1995I

The Employees' Penslon Scheme 1995 came into effe~ from 16.11.95. As per theI

provisions of this scheme, the employers' contribution (8.33%)\15 diverted to the Employees'

Pension Fund. The Revised Estimates for 2004-2005 are Rs. 62~0 crores as against a sum of

Rs. 5100 crores provided In the Budget Estimates for the y ar 2004-05 and the actual

receipts of Rs 5492.55 crores during 2003-2004. The Region- ise details are given at Page

18.

{C} INCOME (REVENUE)

The Revised Estimates of the revenue receipts during th current year are Rs 883.24

crores against Rs. 850.01 crores provided In the Budget Estimate for the year 2004-2005.

1

t:

r('

r(

T

- ~

he details are given below:-

[Rs in Crore

Variation between BE51. Actuals for Budget R!vlsed 8tRENo

Particulars 2003-2004 Estimates Est~mates Ofo2004-2005 20C4-2005 Amount variation

1 Administrative Charges 536.7 590.48 648.85 58.37 9.89

2 Inspection Charges 42.76 61.48 1 64.18 2.70 4.39

3 Penal Damages 3.31 3.92 \ S.26 4.34 110.71i,

4 7Q Interest 3.26 2.25,

3.75 1.50 66.67III

5 Interest on Investment 75.70 112.1'I,

-31.29 -27.91Ii 80.81II

6 Miscellaneous Income 4.05 4.78 I 7.39 2.61 54.60\

Receipt from Pension iI

7 Fund and other 142.73 75.00 \70.00 -5.00 -6.67accounts

III

TOTAL: 808.51 850.01 8,3.24 33.23 3.91

5]

r:\

(

(

(

(

The projected increase in receipts in respect of Adrnlnlstratlve charges, Inspection

Charges and Penal Damages is due to increase in m~mbershlp, new coverage of

establishments, general rise in wages and reallsation of ar~ears besides a special driveI

initiated for expediting the levy & collection of Penal Damages. '\I

!

The Region-wise details of income on account of Adml~istrative Charges, Inspection

Charges, and Penal Damages are given In statements at pages 1\9,20 & 21-\

(D) EXPENDITURE(REVENUE): \iI

The Expenditure during the current year proposed in the Revised Estimates is as follows:-I,II

[Rs in crores]

Budget Revlse~Variation between BE&.

Actuals for REParticulars 2003-2004 Estimates Estlmat~ 0/02004-2005 2004-20 5 Amountvariation

Revenue Expenditure 414.28 706.58 562.18 -144.40 -20.44i,

2

f\

(

r:

(

(

(

(

(.

C

1

1

1E) . EXPENDITURE (CAPITAL): \ 1

The Revised Estimates of the capital expendlt re during the year 2004-2005 is Iexpected to be Rs. 79.23 crores as against the actual aC9uisition of assets in 2003-04 to the

tune of Rs. 5.58 crores. Expenditure will be met from the 9aPitai (Building Construction) Fund. 1The Budget Estimates for the year 2004-05 has been kept ~t Rs. 80.60 crores. 1

A sum of Rs 50 crores has been provided in the R.~. 2004-2005 and B.E. 2005-2006 Ifor transfer to the Capital (Building Construction) Fund. qetalls of total expenditure are at Ipages 23 to 29. \ I

. 1

1. 1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

\

(F) REPAYABLE LOANS & ADVANCES: i,The Revised Estimates of the Repayable Loans & Advances during the year 2004-2005. I

is expected to be Rs. 18.30 crores against the actual amoun~ paid during the year 2003-2004to the extent of Rs. 9.84 crores. The Budget Estimates for th~ year 2005-2006 has been kept

\IIat Rs. 18.89 crores. The details are given at page 32.

(G) RECOVERY OF LOANS & ADVANCES:

I

A sum of Rs. 14.13 crores has been provided In Revis~d Estimates for the year 2004-\

2005 as against Rs. 13.78 crores provided in the Budget Est~mates for the year 2004-2005

and actual receipts of Rs. 10.84 crores in 2003-2004. The ~udget Estimates for the year

2005-2006 has been kept at Rs. 15.04 crores. The details are g~ven at page 30.

BUDGET ESTIMATES FORTHE YEAR 2005-2006

(A) CONTRIBUTION TO EMPLOYEES' PROVIDENT FUND,

The estimated receipt for the year 2005-2006 are Rs 1~418.65 crores as against RsI

9891.45 crores proposed in the Revised Estimates for the year ~004-2005. The Region~wise

details are given in the statement at page 17. I

(B) CONTRIBUTION TO EMPLOYEES' PENSON SCHEME

The estimated receipt for the year 2005-2006 are 5500 crores as against Rs. 6200

crores proposed in the Revised Estimates for the year 2004-2005. iThe Region-wise details are. \

given at page 18. :

3

ii

t:,.r

r(

(

(

(

(.

(

(

(

(C) INCOME (REVENUE) 2005-2006

The Revenue Receipts, during the year 2005-2006 are estimated to be Rs. 982.48

crores as' against Rs.883.24 crores proposed In the Revtsed estimate for 2004-2005. The

details of the income are as follows:-

[Rs in crores]

Revised Budget Variation between RE51. Particulars Estimates 2004 Estimates 2003-04 BE 2004-05No 2005 2005.,.2006 010

Amountvariation

1 Administrative Charges 648.85 714.95 66.10 10.19

2 Inspection Charges 64.18 67.54 3.36 5.24

3 Penal Damages 8.26 12.09 3.83 46.37

4 7Q Interest 3.75 4.25 0.50 13.33

5 Interest on Investment 80.81 95.82 15.01 18.57

6 Miscellaneous Income 7.39 7.83 0.44 5.95

7Receipt from Pension Fund

70.00 $0.00 10.00 14.29and other accounts

TOTAL: 883.24 98'2.48 99.24 11.24

The Region-wise details are given in the statements at pages 19 to 21.

(D) EXPENDITURE ( REVENUE):

The expenditure proposed in the Budget Estimates for the year 2005-2006 is as follows:-

[Rs In crores]

Variation between REBudget Revised Budget 2004-2005 &. BE 2005-

Particulars Estimates Estimates Estimates 20062004-2005 2004-2005 2005-200Ci

Amount Ufo variation

Revenue Expenditure 706.58 562.18 653.74 91.56 16.29

The consolidated details of the Revenue Expenditure, Capital Expenditure and Loans

and Advances repayable are given in statements at page 31 and 32.

4

(',

(

(

( >

SUMMARY:

The overall comparative position of Income and EXJ:lenditure proposed in the Revised

Estimates for the year 2004-2005 and the Budget estimates for the year 2005-2006 is as

under:

[ Rs. in crores ]

Budget Revised " Budget Variation between RE

51.Actuals Estimates Estimates Ii estimates 2004-2005 a. BE2005

Particulars for 2003- 2006No 04 for 2004- for 2004- ',for2005-0/02005 2005 2006 Amount variation

1 Income 808.51 850.01 883.24 982.48 99.24 11.24

2 Expenditure

(a) Revenue 414.28 706.58 562.18 653.74 91.56 16.29

(b) Capital Expenditure 5.58 106.56 79.23 80.60 1.37 1.73

TOTAL 419.86 813.14 641.41 734.34 92.93 14.49

Excess of Income388.65 36.87 241.83 248.14 6.31 2.61over Expenditure

Reasons for variation between the Budget Estimates for the year 2004-2005 and the

Revised Estimates for 2004-2005 are given at page 6 and 7.

The Revised Estimates for the year 2004-2005 and the l3udget Estimates for the year2005-2006 are placed before the Board for consideration.

5

r: EXPLANATORYNOTE ON VARIATION BETWEEN BUDGETESTIMATEs 2004-05AND REVISeD EST.tMATES 2P04-05

(1. PAY& ALLOWANCES

~ Pay of Officers & Pay of Establishments (Decrease by 933.08 lakh): Efforts have been made

to match the budget under this head to more pointed requirement of the regions with the

reasonable cushion for unexpected variations. Apart from this it was expected that the sanctIoned

posts will be filled up but this didn't take place.

~ Dearness Pay (Increase by 6208.09 lakh): Consequent to decision of Central Government for

{ merger of 50% of Dearness Allowance with basic pay and to show distinctly as Dearness Pay, a

separate budget head "Dearness Pay' has been created duri~g the year. An approximate amount

equivalent to 50% of Basic Pay of officers and staff after considering future increments has been

allotted under this head. Since this is a new head the increase is only notional.f,

!( ~,I,

Dearness Ailowance (Decrease by 4868.47 lakh): <;:onsequent to decision of Central

Government for merger of 50% of Dearness Allowance with Basic Pay and to pay Dearness

Allowance on Basic Pay as well as on Dearness Pay, an approximate amount has been allotted after

considering future increments under this head. The decrease is notional and compensated by the

increase under point 3 above.

~ Other Allowances (Increase by 1042.13 lakh): From the current financial year the amount paid

as "Fixed Medical Allowance" is to be taken as part of the Other Allowances because of its fixed

nature with a view to bring in consistency in its treatment by the regions. It has resulted In increase

in the budget allotted under this head. This increase is also notional in nature as it was earlier paid

under the head "Medical Assistance". Another reason for this increase may be attributed to

proportionate enhancement of certain allowances on Dearness Pay as well.

~ Medical Assistance (Decrease by 85.88 lakh): Because of the decision to treat the Fixed Medical

Allowance as part of the "Other Allowances" instead of "Medical ASSistance", the budget allotted

under this head has been reduced as compare to BE-2004-0S.

2. Traveling Allowance (Decrease by 38.81 lakh): Due to t~king up more stringent austerity

measures, expenditure cuts have been Imposed under this head.

3. Publicity (Increase by 29.40 lakh): Due to payment of outstanding bills & increase in publicity

for awareness of the subscribers and employers concerning welfare measures being initiated in their

interest.

4. Audit Fees (Increase by Rs. 13.61 lakh): Estimates are prepared on the basis of actual

requirements of the regions.

5. Bank Commission (Increase by Rs. 455.45 lakh): The increase in Bank commission is related to

the increased contributions received, and amount of outstanding bank commission debited by the bank

during current financial year.

6

rr-c:r:rr:r:

r

6. Electricity &. Water Charges (Increase by Rs~25.20 lakh): Estimates are prepared on the basis

of actual requirements of the regions for the current half year based on the normal increase in tariff.

7. Fixture a. Furniture (Increase by 19.40 lakh): Due to extension of facility to new offices /

administrative units.

8. Purchase of Motor Vehicle {Decrease by 9.90 lakh}: Due to austerity measures, expenditure

cuts have been Imposed under this head.

9. Maintenance and Repair of Motor Vehicles (Increase by 11.39 lakh): Increase in fuel charges

and maintenance charges' of old vehicles.

10. Printing a. Binding {Increase by 104.40 lakh}: Estimates are prepared on the basis of actual

(> requirements of the regions for the current half-year and total expenditure for the previous year

corresponding to increase in volume of operations.

11. Publication {Increase by 23.39 lakh}: Estimates are prepared on the basis of actual

requirements of the regions for the current half-year and total expenditure for the previous year. Apart from

this old outstanding Government Bills have also been cleared during current financial year.

12. Staff Paid from Contingencies (Increase by 50.79 lakh): As the permanent appointments

could not be made, it has resulted In increased outsourcing of lower staff- Watch Guards, Sweepers etc, and

also due to increase in minimum wages.~\

13. Stationery &. Stores (Increase by Ra. 40.69 lakh): Normal increase in the cost of stationery &

stores due to more use of computer stationery which is normally costlier.

14. Supply of Liveries a Washing Allowance {Decrease by 20.54 lakh}: Estimates are prepared

on the basis of actual requirements of the regions.

15. Telephone (Increase by 25.00 lakh): Normai increase corresponding to increased volume of

work.

16. Office Equipments (Increase by 17.18 lakh): Due to extension of facility to new offices /

administrative units.

17. Misc. Office Expenses (Increase by 142.11 lakh): Due to general increase in rates of essential

items and also due to the increased frequency of meetings of various committees and conferences. Apart

from this, examination fee amounting to Rs. 68 Lakh (App.) has been provided during current financial year

relating to SSA examination and outstanding dues paid to Staff Selection Commission.

18. Training & Conference (Decrease by 103.87 lakh): Revised on the basis of actual for six

months.

19. Consultancy Studies (Decrease by 114.84 lakh): Revised on the basis of actual for six months

20. Computerisation (Decrease by 19256.49 lakh): Owing to expected rescheduling of

Computerlsation process has a prelude to "Re-inventing EPF India Project"; the provision under this head

has been deferred resulting decrease.

21. Transfer to Pension CumGratuity Account (Increase by 2150 lakh): In follow up of report of

Actuary on making the Pension Cum Gratuity Fund self-sustainable, proportionate transfer has been

provided resulting in the increase.

7

TIME SERIES OF INCOME &; EXPENDITUREFqR THE LAST 4 YEARS[Amount in lakh

t i,

)- 51.Amount in ,

Amount in 0/0 Amount in 0,-Particul ••.• Actu." for Actu ••• for 0/0 over Actu.l. fori, over previou. Actual. for over

2000~2001 2001~2002 previou. 2002-20031 2003-2004 previou.rHO year I,yeer

year

YNCOME ",

i,

) 1 Administrative Charges 42,003.00 45,325.00 7.91 48,200.4~ 6.34 53,670.11 1l.3!"

f2 Inspection charges 3,802.00 4,309.00 13.34 4,563.79 5.91 4,275.64 -6.3J

~3 Penal Damages 136.00 179.00 31.62 218.88 22.28 331.39 51.4C

4 7Q Interest - 72.70 - 190.25 - 325.93 71.32i,

Interest on Investment 3,702.00 5,096.00 37.66 I' 37.64 7,570.065 of Admn. Surplus 7,014.10 , 7.93,

6 Misc. Income 482.00 430.00 -10.79 295.91 -31.18 404.78 36.79,

Receipt from Pension7 Fund and other 6,395.00 5,128.00 -19.81 295.80 -94.23 14,272.52 4,725.06

Accounts

TOTAL 56,520.00 60,539.70 7.11 60,779.22 0.40 80,850.43 :n.02,

(PENOrTURE

Revenue Expenditure 32,709.00 35,118.00 7.36 37,351.11 6.36 41,428.08 10.92

Transfer to Capital Fund 5,000.00 0.00 -100.00 5,000.00 - 5,000.00 -

Transfer to Building 148.00 -69.00 -146.~2 241.28 -449.68 595.06 349.28Maintenance Fund

TOTAL 37,857.00 35,049.00 -7.42 42,592.39 21.52 47,023.14 10.40

:OME OVER18,663.00 25,490.70 36.58 18,186.83 -28.65 33,827.29 86.00'ENDITURE

8

(

(~EXPENDITURE RATIO WITH REFERENCE if0 CONTRIBUTION

,

(in three schemes)(

(

[Amount In erere" Ratio

Receipts of Contribution Ratio fOISI. Estimates I Revenue (7/6Xl00) theNo Pension EDU

Expenditure previousEPFScheme Scheme Scheme To~ year

1 2 3 4 5 6: 7 8 9

1 Actual for 2003-2004 8,243.41 5,492.55 175.36 13,91l.32 418.47 3.01 3.11

2Budget Estimates for 2004- 9,519.79 5,100.00 192.94 14,812.73 713.71 4.82 3.7:2005

Revised Estimates for 2004 ,

3 20059,891.45 6,200.00 198.91 16,290.36 567.86 3.49 3.9~

,

4 Budget Estimates for 2005- 10,418.65 5,500.00 217.00 16,135.;65 660.34 4.09 4.8~2006

(

(

9

t

(

ANNUAL FINANCIAL STATEMENT OF RECEIPTS AND PAYMENTS

PROVIDENT FUND CONTRIBUTION ACCOUNTREVISED ESTIMATES FOR 2004-05 AND BUDGETESTIMATES FOR 2005-06

[Rs. in Crores]

I Receipts Actuals for RE-2004- BE-200S- Payments Actuals for RE-2004- BE-200S-062003-04 05 06 2003-04 05

r

•....ontribution 8243.41 9891.45 Payment of 5907.1510418.65 6500.00 7000.00{ Final

Settlementr Cases

,",terest on 6004.93 5919.42 5591.40 Advances 1660.86 2000.00 2300.00investment

Penal 71.76 150.00 225.00 Excess of 6754.09 7460.87 6935.05amaqes Receipts over

payments

TOTAL 14322.10 15960.87 16235.05 14322.10 15960.87 16235.05

10

( ANNUAL FINANCIAL STATEMENT OF RECEIPTS AND PAYMENTS

( PROVIDENT FUND INVeSTMENT ACCOUNTREVISED ESTIMATES FOR 2004-05 AND BUDGET ESTIMATES FOR 2005-06

[Rs. In Crores:

S.N. Receipts RE-2004- BE-2005- Payments RE-2004- BE-2005-0605 06 05

Opening Balance

!

1 EPFInvestment Account 71712.01 79172.88 i

CONTRIBUTION \

1

2 Receipts as per last year 8243.41 9891.45 Amount likely to be 6500.00 7000.0Cpaid towardssettlerneht of claims

3 Increase due to normal 1648.04 527.20 Amount likely to be 2000.00 2300.0Cgrowth & increase in Wages paid tow~rdsetc. advances'!

,

TOTAL(2+3) 9891.45 10418.65

4 Interest on Investment 5919.42 5591.40 Estimate~ balance 79172.88 86107.93for Investment,

150.00 225.00,

5 Penal Damages

TOTAL 87672.88 95407.93 87672.88 95407.93

11

(

/

ANNUAL FINANCIAL STATEMENT OF RECEI PTS AND PAYMENTS

.ADMINISTRATION FUND CONTRiBUTION" IN ~ESTMENT ACCOUNT (EPF)REVISED ESTIMATES FOR 2004-05 AND BUDGET ESTIMATES FOR 2005-06

.,

[Rs. In Crores

51. Receipts RE-2004- I BE-2005- Pa rments RE-2004- BE-2005-No. 2005 I 2006 2005 2006

Opening Balance I

iAdministration Fund Account 1562.21 1197.79 \

I

a) Administrative Charges 648.85 714.95 Revenue expe nditure 562.18 653.74(536.70) (414.28)

b) Inspection Charges 64.18 67.54 Capital Expen ~iture including 1'29.23 130.60. (42.76) appropriation (55.58)

c) 7 Q Interest 3.75 4.25 Repayable loa ns & advances 18.30 18.89(3.26) (9.84)

d) Penal Damages 8.26 12.09 Transfer to Penston-curn- 552.08 0.00(3.31) Gratuity Fund

e) Interest on Investment 80.81 95.82 Estimated ba~ance for 1197.79 1392.08(75.70) investment I

f) Recovery of adva nces 14.13 15.04\(10.84)

g) Miscellaneous Income 7.39 7.83(4.05)

h) Receipts from Pension Fund 70.00 80.00 II

and other accounts (142.73)

Total 897.37 997.52

G. Total 2459.58 2195.31 . 2459.58 2195.31

(

(

(

(

(

Note: 1. Figures shown In brackets 0 relate to actuals for 2003-042. Interest on Investment (RE-2004-05) = (1562.21 .•.8%) - (552.08 • 8%)

= (124.98 - 44.17) '" 80.81

12

(

(ANNUAL FINANCIAL STATEMENT OF RECEIPTS AND PAYMENTS

(

PENSION FUND CONTRIBUTION ~CCOUNT

REVISED ESTIMATES FOR 2004-2005 AND BUDGET ESTIMATES FOR 2005-06

[Rs. In Crores]

S.No Receipts Actual. RI!-2004- BE-2005- Paymen~ Aduals RE-2004- BE-2005-2003';04 05 06 2003-04 05 06

Contribution

lea) Employers' 5492.55 6200.00 '5500.00 Adm. Charge 140.67 70.00 80.00share diverted to E.P.F.

(b) Government 450.00 863.39 765.91 Retirement-cum- 858.00 943.80 1038.18Share of withdrawalContribution benefits

Interest on Investment Life Assurance 0.06 0.10 0.15Benefits.

2(a) Public Account 1815.43 2056.86 2310.23 Pension 1496.88 1871.10 2338.88

(b) Securities 2863.52 3036.42 3695.60 Commission for 15.68 19.60 24.50disbursement ofpension

3 Bank Interest 9.81 12.00 15.00 Excess of receipts 8120.02 9264.07 8805.03over payments

TOTAL 10631.31 12168.67 12286.74 10631.31 12168.67 12286.74

13

r

ANNUAL FINANCIAL STATEMENT OF RECElPTS AND PAYMENTS

PENSION FUND INVESTMeNl~ ACCOUNTREVISEDESTIMATESFOR2004-05 AND BUDGETI STIMATESFOR2005-06

[ Rs. in Crores ]

S.No.

Opening Balance

Receipts RE- 2004-05 BE-200S-0S PaYiments RE- 2004-05 BE-200S-0S

1 (a) Public Account

(b) Securities

Total

23333.07 25389.93

CONTRIBUTIONS

29408.59 36603.80

52741.66 61993.73

5492.552 (a) Receipt ofEmployer'scontribution as perlast year

(b) Increase due tonormal growth

6200.00 Adm. Cha gesdiverted t~ E.P.F.

. 943.80 1038.18

70.00 80.00

TOTAL [2 (a)+(b)]

3 Govt. share

Total (2+3)

707.45 (-) 700.00 Retiremen -cum-withdrawa Benefits

6200.00

863.39

7063.39

INTERESTON INVESTMENT

4(a) Public Account

(b) Securities

G.TOTAL

2056.86

3036.42

64898.33 74266.47

5500.00 Life AssurenceBenefits

765.91 Pension

3695.60

14

0.10 0.15

19.60

1871.10 2338.88

64898.33 74266.47

24.506265.91 Commtssron fordlsbursems nt ofpension

2310.23 Estimated balance 61993.73 70783.76for investn~ent

(

(

(

(

(f

\

\

STATEMENT SHOWING REGION-WISE INFOME & EXPENDITUREREVISED ESTIMATES FOR ~004-05

I,

[Amount in lakh]

SI Revenue variatlottween Capital VariationCol.No.Name of the Region TotalIncome Inco &No Expenditure Expe~ture Expenditure [3~4+6)]

1 2 3 4 5\ 6 7

1 Andhra Pradesh 4,868.00 3,224.99 1,~43.01 126.11 1,516.90

2 Bihar 513.35 700.71 -187.36 24.86 -212.22

3 Chhatisgarh 614.50 285.49 ~29.01 150.62 178.39

5,536.35 2,322.54]

420.004 Delhi 3,~13.81 2,793.81

5 Goa 463.35 198.77 2~4.58 0.00 264.58,

6 Gujarat 5,538.25 2,782.44 2,7$5.81 32.86 2,722.95,

7 Haryana 2,587.50 1,291.63 1,2~5.87 285.62 1,010.25

8 Himachal Pradesh 454.55 203.07 2~1.48 23.43 228.05,

9 Jharkhand 939.00 614.36 32~.64 5.99 318.65

10 Karnataka 6,955.00 3,171.21 3,71"(.79 727.48 3,050.31

11 Kerala 2,705.71 2,374.48 331,.29 36.94 294.35I

12 Madhya Pradesh 2,273.00 1,726.75 54~.25 57.54 488.71

13 Maharashtra 16,901.00 6,355.16 10,545;84 247.03 10,298.81

14 N.E. Region 641.94 565.01 76.92 71.61 5.31

15 Orissa 1,040.25 950.67 89.58 45.39 44.19I

16 Punjab 3,003.00 1,955.47 1,047.$3 338.98 708.55

17 Rajasthan 1,634.50 1,221.26 413.~4 160.95 252.29

18 Tamil Nadu 7,839.00 5,133.71 2,705.~ 677.04 2,028.25,

19 Uttar Pradesh 3,458.50 2,777.37 681.1~ 134.00 547.13

20 Uttaranchal 543.27 261.81 281.4$ 63.20 218.26

21 West Bengal 4,732.00 4,158.79 573.21, 137.36 435.85,

22 NATRSS 0.00 444.58 -444.581 172.50 -617.08I

23 Head Office 0.00 2,192.75 -2,192.75 1,483.72 -3,676.47

24 Appellate Tribunal 0.00 27.79 -27.79 0.00 -27.79

25 Central Pool 0.00 11,271.15 -11 ,271.15 I, 2,500.00 -13,711.15,

26 Interest on 0.00 0.00 0.00 12,498.00 -12,498.00InvestmentReceipt from

27 Pension Fund and 0.00 0.00 0.00 5,150.00 -5,150.00other accounts I

TOTAL 73,242.07 56,217.95 17,024.12 , 25,571.23 -8,547.11..Note: Total Income Includes Adrnlnlstratalve Charges, InsRectlon Charges, Penal Da",ages, 7Q Interest

and Misc. income. 15 ...

STATEMENT SHOWIN6 RE6ION-WISE INCOME 8&EXPENDITUREBUDGET ESTIMATES FOR 2005-06

(

[Amount in lakh]

SI Total Revenue V.rl.tion CIIpltal Variation Ool.No.Name of the Region between ,IncomeNo Income Expenditure a. Expenditure Expenditure [3-(4+S)J

1 2 3 4 5 6 7.00

1 Andhra Pradesh 5,375.00 3,539.37 1,835.63 102.00 1,733.63

2 Bihar 559.50 787.34 -227.84 2.00 -229.84

3 Chhatlsgarh 675.50 312.68 362.82 72.00 290.82

4 Delhi 5,853.15 2,467.92 3,385.23 285.51 3,099.72

5 Goa 517.00 226.06 290.94 2.00 288.94

6 Gujarat 5,982.30 2,938.75 3,043.55 10.00 3,033.55

7 Haryana 3,098.00 1,394.47 1,703.53 81.95 1,621.58

8 Himachal Pradesh 522.60 220.10 302.50 0.00 302.50

9 Jharkhand 1,047.00 675.'40 371.60 0.00 371.60

10 Karnataka 7,457.00 3,414.76 4,042.24 325.70 3,716.54

11 Kerala 3,018.00 2,512.93 505.07 0.00 505.07

12 Madhya Pradesh 2,502.00 1,864.J6 637.64 15.75 621.89

13 Maharashtra 19,055.00 7,280.51 11,774.49 10.00 11,764.49

14 N.E. Region 703.00 594.02 108.98 0.00 108.98

15 Orissa 1,197.00 1,002.79 194.21 0.00 194.21

16 Punjab 3,263.05 2,061.54 1,201.51 62.00 1,139.51

17 Rajasthan 1,794.65 1,323.5i 471.14 138.00 333.14

18 Tamil Nadu 8,618.00 5,489.67 3,128.33 477.81 2,650.52

19 Uttar Prad~sh 3,849.50 2,977.40 872.10 123.09 749.01

20 Uttaranchal 613.00 285.52 327.48 100.00 227.48

21 West Bengal 4,965.00 4,363.72 601~28 78.91 522.37

22 NATRSS 0.00 459.79 -459.,79 216.33 -676.12

23 Head Office 0.00 2,381.35 -2,381.;35 3,457.22 -5,838.57

24 Appellate Tribunal 0.00 34.07 -34.07 0.00 -34.07

25 Central Pool 0.00 16,765.65 -16,765.65 2,500.00 -19,265.65

26 Interest on 0.00 0.00 0.00 14,198.00 -14,198.00InvestmentReceipts from

27 Pension Fund and 0.00 0.00 0.00 5,700.00 -5,700.00other accounts

TOTAL 80,665.25 65,373.66 15,292 27,958.27 -12,666.68Note: Total Income Includes Admrnlstratalve Charges, Inspection Charges, Penal Damages, 7Q Interest and

Misc. income.

16

(

RE6:IONWISE P.f. CO'NTRI~UTIONREVISED ESTIMATES FOR 2004-05 AND BUDGET!ESTIMATES FOR 2005-06

[Amount in lakh'

Budget Actuals from Revised Of. variationBudget "Ie var1atlor

SI Name of the Actual. for between RE between RINo Region 2003-2004 Estimates for 1.4.2004 to Estlma.es for 2004-05. EstImates for 2004-05 •.2004-05 30;0.2004 2004.05 BE-2004-05 2005-06

.BE-2005-0f

1 2 3 4 5 Ii 7 8 9

1 Andhra Pradesh 57,884.98 63,000.00 33,761.09 65,000.00 3.17 70,000.00 7.69

2 Bihar 5,139.38 7,000.00 2,637.94 7,C)OO.00 0.00 7,000.00 -3 Chhatisgarh 7,710.54 8,160.00 3,808.46 8,200.00 0.49 8,500.00 3.66

4 Delhi 62,754.41 61,200.00 36,635.06 70,ObO.00 14.38 72,500.00 3.57

5 Goa 5,749.44 7,000.00 3,212.02. 7,2$0.00 3.57 7,750.00 6.90

6 Gujarat 54,891.89 67,000.00 29,713.37 67,()()O.00 - 70,000.00 4.48

7 Haryana 34,481.94 36,000.00 19,906.00 40,000.00 11.11 42,500.00 6.25

8 Himachal Pradesh 5,140.16 5,750.00 2,995.16 6,100.00 6.09 6,500.00 6.56

9 Jharkhand 4,677.24 5,269.00 2,731.79 5,7OQ.OO 8.18 6,200.00 8.77

10 Kamataka 85,881.13 89,000.00 42,612.53 91,ooq.00 2.25 96,000.00 5.49

11 Kerala 28,543.15 33,750.00 14,733.70 34,200.00 1.33 36,000.00 5.26

12 Madhya Pradesh 24,300.41 30,000.00 12,912.57 30,344.85 1.15 32,000.00 5.45

13 Maharashtra 188,159.76 250,000.00 108,739.87 258,000.00 3.20 267,750.00 3.78

14 N.E. Region 6,121.84 8,000.00 3,254.73 8,000.00 - 8,500.00 6.25

15 Orissa 11,998.42 13,000.00 5,880.90 13.500.00 3.85 15,000.00 11.11

16 Punjab 36,134.94 44,400.00 18,128.00 44,400.00 - 47,215.00 6.34

17 Rajasthan 19,053.52 24,150.00 10,166.02 24,150.00 - 26,250.00 8.70

18 TamilN~u 96,845.46 105,000.00 53,144.13 109,000.00 3.81 114,000.00 4.59

19 Uttar Pradesh 41,398.07 39,300.00 22,648.74 45,000.00 14.50 50,000.00 11.11

20 Uttaranchal 4,388.43 5,000.00 2,416.11 5,300.00 6.00 5,700.00 7.55

21 West Bengal 43,085.54 50,000.00 21,521.17 50,000.00 - 52,500.00 5.00

TOTAL 824,340.65 951,979.00 451,559.35 989,144.85 3.90 1,041,865.00 5.33

17

REGIONWISE PENSION FUND CCNTR:IBUTIONREVISED ESTIMATES FOR 2004-05 AND BUDGET ESTIMATES FOR 2005-06

[Amount in lakh]( %

(

SINo Name of the RegionBudget Actuals from Re\Iised % variation Budget

Actuals for 2003 Estimat- for 1 4 2004 t E ti •• t f between RE E ti t f_ • • 0 s m. es or 2004-05... s mOles or2004 2004-05 30.9.2004 200 1-05 BE-2004-05 2005-06

variationbetweenRE-2004-OS. BE-2005-06( ~1~ ~2=--__ -I-__ -=3__ -t-_-.;4~_+-_-=S~--t_--=~:r---I_--.:.7_-+_--=8=--_+---=9:--_

43,853.56 40,882 22,873 45,700r ~~-----------~---------t--------+-------t---+---I~----+--------+-----

2,945.44 3,570 1,951 4, )00 12.04(~--~------------+----------I--------+----~~r---~-r-~----t-------+-------16,430.80 6,000 14,590 15, 00 151.67 3,850 -74.50( ~~~----------~------~------+-----~~--4-~r------+--------+------39,694.48 42,942 39,830 60,e00 39.72 45,000 -25.001(~~~-----------~------~-------+--------I----~--Ir------+--------+-----~

3,700 21.92 3,500

1 Andhra Pradesh

2 Bihar

3 Chhatisgarh

4 Delhi

5 Goa

11.79 47,500 3.94

3,750 -6.25

2,613.55 3,035 1,421 -5.41

I 6 Gujarat 50,0po32,386.61 50,000 19,532 0.00 45,000 -10.00

! 7 Haryana 15,50015,603.70 10,311 22,010 41.94 18,000 -18.18

I 8 Himachal Pradesh 3,O(02,730 1,4242,400.99 9.89 2,700 -10.00

I 9 Jharkhand 23,505.16 10,097 4,639 9,700I

: 10 Karnataka 45,865.87 43,000 24,734 52,OOP 20.93 50,000 -3.85

I 11 Kerala 15,080.84 16,905 7,870 18,50 9.44 15,000 -18.92~~-------------+---------;---------+-----~-r------++---~-------+-----~I 12 Madhya Pradesh 12,377.11 13,533 6,533 18,OO( 33.01 14,000 -22.22

-3.93 9,200 -5.15

I 13 Maharashtra 111,406.18 102,000 61,274 135,00( 32.35 125,000 -7.41

I 14 N.E. Region 5,579.04 4,200 1,982 4,300 2.38 4,000 -6.98

15 Orissa 18,015~11 7,500 5,311 8,000 6.67 7,500 -6.25

16 Punjab•.. 15,100.96 16,522 7,806 20,000 21.05 16,000 -20.00

17 Rajasthan 11,033.21 12,075 5,722 13,500 11.80 12,000 -11.11

18 Tamil Nadu 49,692.26 52,970 25,301 58,500 10.44 58,300 -0.34

19 Uttar Pradesh 26,119.85 25,790 16,297 33,500 29.89 33,500 0.00

20 Uttaranchal 3,470.93 4,000 1,734 4,000 0.00 3,700 -7.50

21 West Bengal 56,079.11 36,750 25,588 41,500 12.93 32,500 -21.69

TOTAL 549,254.76 510,000 306,723 620,000 21.57 550,000 -11.29

18

r

-, ..- -

REGIONWISE ADMINISTRATIVE CHAR6E~ (PROVIDENT FUND)REVISED ESTIMATES FOR 2004-05 AND BUDGET ESTIMATES FOR 2005-06

[Amount In lakh]%

Budget Actual. from R.visltd v••.•• tionBudget % variation

SI Aetu." for between betw •••• RENo N.me of the Region 2003-64 &tim.t_.for 1.4.2004 to EstIma~ RE-2004- &tIm.t_for 2004-04.2004-05 30.9.2004 for 200 ~05 05.BE- 2005-06 BE.•Z004-06

2004-05

1 2 3. 4. 5 6 7 8 9

1 Andhra Pradesh 3,796.11 3,900.00 2,163.01 4,33000 11.03 4,750.00 9.70

2 Bihar 338.47 410.00 190.37 450.00 9.76 485.00 7.78

3 Chhatisgarh 410.28 375.50 196.95 420. PO 11.85 450.00 7.14

4 Delhi 3,965.62 4,750.00 2,228.41 4,750. ~O - 5,000.00 5.26

5 Goa 373.96 425.00 202.01 450'(~ 5.88 500.00 11.11

6 Gujarat 3,745.53 4,600.00 1,903.41 5,OOO.CO 8.70 5,400.00 8.00

7 Haryana 2,132.42 2,100.00 1,217.24 2,300.00 9.52 2,750.00 19.57

8 Himachal Pradesh 341.25 390.00 183.90 435.0) 11.54 500.00 14.94

9 Jharkhand 392.10 420.00 193.49 470.0 11.90 525.00 11.70

10 Karnataka 5,430.40 5,500.00 3,147.72 6,300.0( 14.55 6,750.00 7.14

11 Kerala 1,878.99 2,200.00 988.40 2,500~0( 13.64 2,800.00 12.00

12 Madhya Pradesh 1,566.48 1,8~0.00 816.42 2,000.00 9.89 2,200.00 10.00

13 Maharashtra 12,556.52 13,500.00 6,813.25 15,000.00 11.11 17,000.00 13.33

14 N.E. Region 397.58 450.00 196.13 490.00 8.89 535.00 9.18

15 Orissa 762.99 770.00 397.22 850.00 10.39 950.00 11.76

16 Punjab 2,214.10 2,500.00 1,158.49 2,750.00 10.00 3,000.00 9.09

17 Rajasthan 1,289.90 1,362.00 666.87 1,500.00 10.13 1,650.00 10.00

18 ~amil Nadu 6,273.48 6,450.00 3,546.48 7,250.00 12.40 8,000.00 10.34

19 Uttar Pradesh 2,761.34 2,800.00 1,547.86 3,200.00 14.29 3,550.00 10.94

20 Uttaranchal 332.46 325.00 219.53 440.00 35.38 500.00 13.64

21 West Bengal 2,710.14 4,000.00 1,479.50 4,000.00 - 4,200.00 5.00

TOTAL 53,670.11 59,047.50 29,456.66 64,885.00 9.89 71,495.00 10.19

19

~,

- -

REGIONWISE INSPECTION CHARGES (~ROVIDENT FUND)REVISED ESTIMATES FOR 2004-05 AND BUDGET iESTIMATES FOR 2005-06

[Amount in lakh]

Budget Actuals from Revised Ofo variation Budget 0/0 variation51 Name of ,the Region Actuals for Estimates 1.4.2004 to Estimates t car between RE- Estimate. between RE-No 2003-04 for 2004- 2004-05 a. for 2005- 2004-05 a.

05 30.9.2004 2004-05 BE-2004-05 06 BE-2005-06 I1 2 3 4 5 6 7 8 9

310.12 364,( 0 -9.00,

1 Andhra Pradesh 400.00 163.79 400.00 9.89

2 Bihar 22.48 32.00 7.19 32.00 0.00 35.00 9.38

3 Chhatisgarh 125.64 140.00 53.25 175.03 25.00 200.00 14.29

4 Delhi 492.97 750.00 221.51 750.0 ) 0.00 800.00 6.67

5 Goa 6.83 8.50 2.-06 8.51 0.00 10.00 17.65

6 Gujarat 268.49 500.00 168.02 500.0C 0.00 525.00 5.00

7 Haryana 33.71 160.00 11.09 160.00 0.00 180.00 12.50

8 Himachal Pradesh 11.15 16.50 2.93 17.00 3.03 18.50 8.82

9 Jharkhand 210.08 310.00 217.28 440.00 41.94 480.00 9.09

10 Kamataka 406.68 575.00 211.77 575.00 0.00 600.00 4.35

11 Kerala 58.40 86.00 26.97 86.00 0.00 90.00 4.65

12 Madhya Pradesh 135.78 200.00 41.12 200.00 0.00 220.00 10.00

13 Maharashtra 921.81 1,100.00 468.33 1,200.00 9.09 1,250.00 4.17

14 N.E. Region 72.95 110.00 36.78 110.00 0.00 115.00 4.55

15 Orissa 142.94 150.00 99.47 160.00 6.67 165.00 3.13

16 Punjab 83.51 220.00 40.28 220.00 0.00 220.00 0.00

17 Rajasthan 51.55 89.50 34.90 90.00 0.56 90.00 0.00-18 Tamil Nadu 281.69 430.00 124.61 430.00, 0.00 430.00 0.00

19 Uttar Pradesh 152.86 170.00 53.95 200.00 17.65 220.00 10.00

, 20 Uttaranchal 45.84 90.00 17.58 90.00 0.00 90.00 0.00

21 West Bengal 440.16 610.00 216.73 610.00 0.00 615.00 0.82

TOTAL 4,275.64 6,147.50 2.219.62 6,417.50 4.39 6,753.50 5.24

20

REGIONWISE PENAL DAMAGES (PROVIDENT FUND)REVISED ESTIMATES FOR 2004-05 AND BUDGET ESTIMATES FOR 2005-06

1

1

1

[Amount In lakh~

1 s

51 Budget Actual. fromName of the Region Actuals for Eatlmat•• for 1.4.2004 to

No· 2003-04 2004-05 30.!l.2004

R.vised % variation Budgtlt % variation 1Eatimat.. lor betw •••• RE- Eatimat.. batw •••• RE·

2004-05 2004-05 • BE- f 2005-05 2004-05 It. BI2004-05 or 2005-06

• 50.0C II46.67 I

3 4 6 7 8

1 Andhra Pradesh 45.31 45.00 48.24 100,( 0 122.22 150.00

2 Bihar 4.41 7.00 6.45 rs.ob 114.29 22.00

3 Chhatisgarh 4.31 3.50 12.18 17.5 400.00 22.50 28.571

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

4 Delhi 15.76 15.00 4.84 30.0( 100.00 45.00 50.0C

5 Goa 1.23 1.50 0.49 2.5C 66.67 4.00 60.00

6 Gujarat 12.91 11.00 12.22 32.00 190.91 50.00 56.25

7 Haryana 10.91 16.00 44.32 85.00 431.25 125.00 47.06

8 Himachal Pradesh 1.27 1.55 0.81 2.50 61.29 4.00 60.00

9 Jharkhand 14.68 15.00 7.93 20.00 33.33 32.00 60.00

10 Karnataka 19.58 27.25 25.79 50.00 83.49 75.00 50.00

11 Kerala 17.61 48.00 9.98 60.00 25.00 80.00 33.33

12 Madhya Pradesh 12.69 6.00 11.35 22.00 266.67 27.00 22.73

13 Maharashtra 45.01 40.00 22.25 150.0.0 275.00 225.00 50.00

14 N.E. Region 7.45 10.00 5.70 20.00 100.00 30.00 50.00

15 Orissa 7.03 6.50 4.61 12.50 92.31 17.00 36.00

16 Punjab 15.75 19.00 4.31 25.00 31.58 35.00 40.00i

17 Rajasthan 8.65 8.00 7.80 17.00 112.50 25.00 47.06

18 Tamil Nadu 50.82 55.00 19.47 70.00 27.27 95.00 35.71

19 UM:arPradesh 11.08 25.50 6.46 35.00 37.25 55.00 57.14

20 Uttaranchal 4.93 7.50 1.70 10.00 33.33 15.00 50.00

21 West Bengal 19.99 24.00 21.80 50.00 108.33 75.00 50.00

TOTAL 331.39 392.30 278.69

21

826.00 10.55 1.208.50 46.31

PETTY WORKS AND MAINT. OF OFFICE BUILDlt!tG" STAFF QUARTERS(in three schemes)

REVISED ESTIMATES FOR 2004-05 AND BUDGET J:STIMATES FOR 2005-06[Amount in lakh]

\

RevisedEstimates Budget

Estimatesfor 2004- 2005-2006200S

Actuals Itrom1.4.20(14 to30.09.: 004

BudgetEstimates2004-05

Actuals for2003-04

51 Name of the RegionNo8 5 72 3 81

S.44 25.00 25.001 Andhra Pradesh 20.25 21.00, )

0018.00 2.0016.29 4.002 Bihar, )3 Chhatisgarh 0.07(

4 Delhi

2657.00 7.006.85 7.505 Goa

2.34 6.005.13 4.006 Gujarat 6.00

16.00 25.0025.46 25.007 Haryana, '>

8 Himachal Pradesh 3.00 3.003.88 3.50

1.509 Jharkhandf )

10 Karnataka 13.00 15.0014.81 15.00

7J 7 30.0011 Kerala 28.93 30.00 30.00

12 Madhya Pradesh 20.0012.12 12.00 20.00

19J:513 Maharashtra 45.85 45.00 45.00 50.00

1.25 0.21 2.5014 N.E. Region 1.97 2.00

1.6P 10.0010.06 6;0015 Orissa 12.00

12.5b 31.0020.0016 Punjab 30.80 30.00

6.11715.0017 Rajasthan 15.00 15.0011.41

35.0018 Tamil Nadu 9.3 35.0030.88 35.00

6.3f i2.0019 Uttar Pradesh 22.0044.12 25.00

O.O~20 Uttaranchal 10.50 4.502.77 4.50

6.5j 21.0021 West Bengal 20.12 21.00 21.00

3.50 1.2122 NATRSS 1.67 8.00 5.00

23 Head Office 66.86 120.00 27.57 100.00 100.00

24 EPFAppellateTribunal

0,10 0.10 0.15

100.0025 Central Pool 100.00 100.00

400.32 514.85 527.10TOTAL 137.71 535.65

22

"ORIGINAL WORKS - CAPITAL EXFENDITURE

Revised Estimates for the year 2004-05 and Budget l~stJmatesfor the year 2005-06[ Rs. in lakhs .r~·--~--------------~--------~--------~-------.------+-r--------r--------r-------

t 51.

lNo.l 1

r

I"

Region and Head

2.....I 1 Andhra Pradesh

SanctionedEstimatedamount

3

40.3.39

43.25 16.28 0..0.0. 6.61 18.25 24.86 2.De

TotalExpenditure ason 31.03.2004

4

133.65

BudgetEstimated2004-2005

Ii

180.0.0.

Actual. Anticipate1.04.2004 0 1.10.2004 to30.0g.20(l4 31.03.2005

6

15.~5 110..86

7

Revi_dEstimates2004-2005

8

126.11


9

ID2.De

2 Bihar

3 Chhatisgarh 348.40. 125.57 150.00. 5D.6~ 10.0.00. 150.62 72.DC

4 Delhi 1327.78 622.27 50.0.0.0. 79.87 340..13 420.0.0. 285.51

5 Goa

6 Gujarat

270.0.0 268 ..89 2.00. D.Dp 0..0.0. 0.0.0. 2'De

359.41 310..98 15.00. 27.8 5.0.0. 32.86 10..00

7 Haryana

8 Himachal Pradesh

690.0.9 285.54 186.00. 133.9 151.66 285.62 81.95

23.43 0..0.0. 0.00. 17.5 5.86 23.43 0..0.0

9 Jharkhand

10. Karnataka

5.99 0.0.0. 0..0.0. D.O( 5.99 5.99 0..0.0

1842.30. 788.68 370..0.0. 284.83 442.65 727.48 325.70

11 Kerala

12 Madhya Pradesh

436.11 392.57 5.45 36.9~ 0..0.0. 36.94 0..0.0

834.12 742.30. 25.0.0. 34.33 25.21 57.54 15.75

13 Maharashra

14 NE Reg/on

1170..79 859.0.1 160..0.0. 185.22 68.71 247.0.3 10..0.0

532.74 50.4.72 26.69 185.19 54.3Q. 71.61 C.DO

15 Orissa

16 Punjab

267.95 222.56 0.0.0. 39.0.4 21.44 45.39 0..0.0

762.50. 360..07 140.80. 10.64 . 387.21 338.98 62.0.0

17 Rajasthan 682.60. 347.75 172.0.0. 33.86 127.0.9 160..95 138.0.0

L8 Tarrlh Nadu 1699.0.0. 40.1.93 430..70. 299.81 377.23 677.0.4 477.81

19 Uttar Pradesh 335.61 89.47' 10.2.60. LID 65.0.0. 134.0.0. 123.0.9

w Uttranchal 1486.12 1172.78 340..0.0. 34.0.0. 125.0.0. 63.20. 10.0..0.0

~1 West Bengal 10.92.0.4 857.30. 162.92 75.51 65.77 ;137.36 78.91

'.2 NATRSS & Zl1s 1665.75 1554.51 168.33 10.0..70 71.80. 172.50. 216.33

3 Head Office

4 Central Pool

90.14.97 3286.42 2025.0.0 0.0.0. 1493.72 1483.72 3457.22

0.0.0. 0..00 0..0.0. 0..0.0. 0.0.0. 2,50.0..0.0. 2,50.0..0.0

TOTAL 25294.34 13343.25 5162.49 1652.91 4062.97 7923.23 8060.27

23

(,

3.55

ORIGINAL WORKS - REGIONWISE CAPITAl EXPENDITUREREVISED E5nMATES FOR 2004-05 AND BUDGET ESTliMATES FOR 2005-06

BIHAR

Region and HeadSanctionedestimatedamount

TotalExpenditure

as on31.03.2004

Budget Am !als AnticipatedEstImates 1.04.( 4 to 1.10.04 to2004-05 30.OS.04 31.03.05

RevisedEstimates2004-05

51.No

Rs.ln lakh'


ANDHRA PRADESH

1 Construction of office building& staff quarters at Guntur 80.00 0.0097.94220.69 1 .14 70.86 82.00

Construction of office building2 & staff quarters at Warangal 178.59 35.71 100.00 .00 40.00 40.00 102.00

3 Supply of 40 KVA DG Set atSRO, Cuddapah 0.00 0.004.11 0.00 • .11 0.00 4.11

.~ 133.65403.39 180.00TOTAL 1525 110.86 126.11 102.00

Re-structing of OB of RO, Patna1 for BPR 0.00 2.0043.25 16.28 661 18.25 24.86

43.25 16.28 0.00TOTAL

CHATTISGARH

661 18.25 24.86 2.00

Construction of OB & SQ at1 Raipur

150.00 72.00125.57342.41 4563 100.00 145.63

0.00 0.00 0.00Parallel implementato of re-

2 inveing EPFfor SRO, Ralpur. 5.99 499 0.00 ,4.99

Total 348.40 125.57 ],50.00

DELHI

50.~2 100.00 150.62 72.00

622.27 500.00 268.07Construction of office building

1 1290.34RO, Wazirpur79.~7 320.13 400.00

0.00 17.44Parallel Implementation of

2 Reinventing EPFat RO,Wazirpur.

37.44 0.00 o. 0 20.00 20.00

Total 622.27 500.001327.78

GOA

79.117 340.13 420.00 285.51

268.89 2.00 2.00construction of office building1 270.00

at RO, Goa.0.( 0 0.00 0.00

Total 270.00 268.89 2.00

GUJARAT

e.ee 0.00 0.00 2.00

Construction of office building1 10.00 10.00159.65179.78

at Baroda5.00 9.43

Construction office building at2 SRO, Rajkot. 156.20 151.33 5.00 0.000.0 0.00 0.00

Parallel Implementation of3 Reinventing EPFat SRO, Surat.

23.43 0.00 0.00

10.00Total 359.41 310.98 '15.00

HARYANA

23.4 0.00 23.43 0.00

Construction of office building1 for SRO, Karnal

20.00 20.00254.30 197.32

27.8 5.00 32.86

370.00 88.22 166.002 Construction of SRO, Gurgaon

0.0 0.00 0.00

61.95

0.00 0.00 0.00Special repair in staff colony at3 BN Enclave, Faridabad 24.80

100.00119.8 219.83

0.00 0.00Providing DG Set at Staff colony4 BN Enclave, Faridabad.

3.55 0.00

24

o.OC 24.80 24.80

o.oe 3.55

(

(

25.21

ORIGINAL WORKS - REGIONWISE CAPITA •.•EXPENDITUREREVISED ESTIMATES FOR 2004-05 AND BUDGET EST~MATES FOR 2005-06·

t:

(

742.30

Total 1842.30

HIMACHAL PRADESH

Sl.No

Region and HeadSanctionedEstimatedamount

Totalexpenditure Budget Act Jals

as on Estimates 1.04 04 to31.03.2004 2004-05 30.(1p.04

Anticipated1.10.04 to31.03.05



0.00 0.00Parallel Implementation of

5 Reinventing EPFIndia Project atGuraaon

37.44 0.00 4.13 23.31 37.44

Total 285.54 186.00 13~.96 151.66690.09 285.62 81.95

Parallel Implementation of1 R.einving EPFIndia at Himachal 23.43 0.00 0.000.00 17.57 5.86 23.43

Total 23.43 0.00

lHARKHAND

0.00 5.86 23.43 0.00

!parallel Implementation or1 R.einvelnt EPFIndia Project at

IC ••n,.h·0.00 0.005.99 0.00 p.oo 5.99 5.99

Total 5.99 0.00

KARNATAKA

0.00 LOO 5.99 5.99 0.00

1 Construction of Office buildingand staff quarter at Gulberga 244.12 48.42 50.00 2 .00

Construction of OB&SQ for SRO,2 Mysore

100.00 120.00 75.70

372.53 296.49 20.00 ( .00 26.00

Construction of staff quarter at3 Bangalore 1209.00 443.77 300.00 264.83 300.00 564.83 200.00

26.00 50.00

16.65Replacement of elevetor at RO,

4 Bangalore.0.00 0.00 C.00 16.65

788.68 370.00 284 83

KERALA

442.65 727.48 325.70

16.65 0.00

1 Construction of staff quarters atEarnakulam, Coch!n

392.57 0.00398.67 5.45 000 0.00 0.00

37.44 0.00 0.00Parallel Implementation of

2 Reinventing EPF lndi •• for RO,Kerala.

0.00 3694 0.00 36.94

Total 436.11 392.57

MADHYA PRADESH

5.45 0.00 36.94 0.00

Construction of office building1 at Ujjain

161.00 139.60 0.000.00 7.04 16.00 21.04

Construction of Office building &2 Staff Quarters at Jabalpur 407.64 381.25 15.00 o.po 0.00 0.00 15.00

3 Re-structing of OB of RO,Indore for BPR 0.00 0.0025.00 0.00 18. ~5 0.00 18.25

4 Special repair of office building,Indore. 40.25 22.00

0.75Construction of staff quarters at

5 SRO, Ujjain. 200.23 199.45

15.75Total 834.12

25

0.00

10.00

25.00

9.21

0.( 0 0.00

34.33

18.25

0.00

57.54

0.00

( ORIGINAL WORKS - REGIONWISE CAPITAI~EXPENDITUREREVISED ESTIMATES FOR 2004-05 AND BUDGET ESTliMATES FOR 2005-06

r

Parallel Implementation of7 reinventing EPFfor SRO,

Amritsar

51.No Region and Head

SanctionedEstimatedamount

Total'Expenditure Budget Actu .,. Antlclpated

Estimates 1.04.<4 to 1.10.04 toas on ••

31.03.2004 2004-05 30.0 •• 04 31.03.05

ReYlsedEstimates2004-05

ItS. In lakh'

BudgetEstimates2005-0&

MAHARASHTRA

1 Renovation of ROOffice,Bandra, Mumbai

141.49 133.71 20.00 .00 3.09 3.09 0.00

0.002 Construction of OB & staff qtrs

at Kandlvall Charkop Mumbal 626.76 539.77 0.00 3 .36 0.00 34.36

Construction of addl. Office3 building at Sub-Regional office,

Nagpu~r~~ __~~ __~ ~ +- ~ ~ -r~ +- -+ ~Prallael Implementation of

4 ReinVenting EPFIndia project atMumbai

327.66

37.44

185.53 140.00 9~.70

0.00 0.00 18 72

40.00

25.62

134.70

37.44 0.00

Prallael implementation of5 Reinventing EPFIndia project at

Nagpur.37.44 0.00 0.00 37 44 0.00 37.44 0.00

TOTAL 10.001170.79 859.01 160.00 185. il2 68.71 247.03

N.E. REGION

1 Construction of OB and SQ atGuwahati 446.14 494.24 0.00 150.pO 11.84 0.00 0.00

0.002 Boundary wall at Agartala 9.72 7.32 0.00 0.79 0.07 0.86

0.003 Addl. Staff quarters, Agartala 36.28 0.00 26.69 O.pO 42.41 36.28

0.004 Construction of pilot centre at

Guwahati 37.44 0.00 0.00 34. 0 0.07 34.47

plant at Agartala 0.00Installation of iron removal

5 3.16 3.16 0.00 0.( 0 0.00 0.00

Total 0.00

ORISSA

532.74 504.72 26.69 185.1~ 54.39 71.61

0.001 Special repair In staff quarters

at Orissa 3.13 1.60 0.00 1.6p 1.53 1.53

0.002 Add!. Pilot centre <It RO, Orissa 37.44 0.00 0.00 37.4 0.00 37.44

0.003 Construction of office building

at RO, Orissa 227.38 220.96 0.00 0.0 19.91 6.42

Total 0.00

PUNJAB

267.95 222.56 0.00 39.04 21.44 45.39

0.001 Construction of SQ at Ludhiana 294.19 293.80 60.00 o.oc 57.00 0.39

62.002 Construction of OB at SRO,

Bhatinda 102.80 0.00 80.80 0.00 40.80 40.80

0.003 Purchase of land for SAO,

Jallandhar 144.54 1.43 0.00 0.00 141.66 141.66

0.004 Construction work of type IV

quarter for RC, Chandigarh 12.00 0.00 0.00 0.00 12.00 12.00

5 Replacement of existing lift atRO, Chandigarh 0.009.91 2.97 0.00 5.95 0.99 6.94

6 Rewiring work in office buildingof RO, Chandigarh 15.05 15.05 0.00 0.00 2.26 0.00 0.00

0.0023.43 0.00 4.69 0.00 4.69

(

( ORIGINAL WORKS - REGIONWISE CAPITA .. expeND~TUReREVISED ESnMATES FOR 2004-05 AND BUDGET EST]MATES FOR 2005-06

(

TOTAL 677.04 477.81

51.No

Region and HeadSanctionedEstimatedamount

Budget Act'~lsEstimates 1.04. ~4to2004-05 30.0 ~.04

TotalExpenditure

as on31.03.2004

Antldpated1.10.04 to31.03.05

62.00

Rs. Jnlakh:



Parallel Implementation of8 Reinventing EPFfor RO,

Chandigarh37.44 28.08 0.00 0.00 9.36 9.36 0.00

Parrallel implementation of re-9 inventing EPFIndia software

item for Chandlgarh.61.57 0.00 0.00 p.oo 61.57 61.57 0.00

Parrallel implemntation of10 Reinveint EPFIndia software

item for Amritsar61.57 0.00 0.00 0.00 61.57 61.57 0.00

TOTAL 762.50 360.07 140.80 1 .64 387.21 338.98

RAJASTHANConstruction of office building

1 and SQ at Udapur 249.26 198.36 40.00 .00 0.00 0.00 40.00

12.00 10.51Construction of transit

2 house/Guest house at Jaipur22.51 0.00 15.00 .00 12.00

110.00 87.493 Construction of office buildingand SQ at SRO, Jodhpur

308.45 110.96 80.00 3 .86 76.14

38.95 0.00Construction of additional office

4 building and type V quarter atKota.

77.38 38.43 32.00 .00 38.95

5 Re-structing of 06 of SRO, Kotafor BPR

0.00 0.0025.00 0.00 5.00 ( '.00 0.00

TOTAL 160.95 138.00682.60 347.75 172.00 3386 127.09

TAMIL NADU

1 Construction of 06& SQ atTirunelveli

1194.57 313.40 300.00 22~.93 300.00 524.93 350.00

0.00 10.702 Providing of cubical units forcomputer at SRO,Trichy

10.70 0.00 10.70 0 00 0.00

50.00 100.00Construction of muJltistoryed

3 office complex at RO, Chennai 357.48 71.50 100.00 0 00 50.00

18.00 17.11Demolishing and reconstruction

4 type V quarter, of SRO,Madurai

35.11 0.00 15.00 0 00 18.00

5 Parallel Implementation of Re-inventing EPFat Coimbatore. 37.44 0.0037.44 0.00 0.00 37 44 0.00

6 Rain water harvesting at RObuilding at Chenna!. 9.23 0.00 0.00 0 00 9.23 9.23 0.00

37.44 0.00Parallel irnpiementanon or

7 Reinveint pilot centre atiAmh"th,r

37.44 0.00 0.00 37 44 0.00

0.00 0.008 Providing of additional facilities

for SAO, Ambattur. 17.03

1699.00

17.03 5.00 0.00

401.93 430.70 299. n

27

0.00

377.23

(

- .'- .. -.--

ORIGINAL WORkS - REGION WISE CAPITA"" EXPENDITUREREVISED ESTIMATES FOR 2004-05 AND BUDGET ESTl MATES FOR 2005-06

RS.ln alen

sanctioned Total Budget Actllals Antlclpated Revised Budget51. Region and Head EstImated ExpendIture Estlmat_ 1.04. 14 to 1.10.04 to Estlmat_ Estlmat_No amount uon 2004-05 30.0 .04 31.03.05 2004-05 2005-0631.03.2004

UTTRANCHAL

1 Land for OB & SQ, Dehradun 88.13 75.53 2.60 .00 15.00 12.60 0.00

2Construction of OB & SQ at 232.00 0.00 100.00 .00 50.00 50.00 100.00Dehradun

Parallel implmenetation of3 Reinvelnt EPFIndia at RO, 5.99 5.40 0.00 (,60 0.00 0.60 0.00

Uttaranchal.

4Construction of boundary wall 9.49 8.54 0.00 050 0.00 0.50 0.00at RO, Dehradun

TOTAL 335.61 89.47 102.60 1.10 65.00 63.20 100.00

UTTAR PRADESHconserucnon or OkS I:!l !::ill at

O.pO1 Meerut, wiremesh window at .544.61 448.59 30.00 10.00 10.00 30.00M•••••r"t

2Construction of staff quarters at 351.00 351.00 100.00 O.pO 10.00 0.00 0.00Agra

3Construction of OB & SQ at 307.00 133.91 100.00 O. ~O 80.00 80.00 93.09Gorakhpur

4Construction of office building 234.23 190.00 100;00 34.(0 15.00 44.00 0.00at NOIDA

5Purchase of land for OB at SRO,

49.28 49.28 10.00 O.CO 10.00 0.00 0.00Lucknow

TOTAL 1486.12 1172.78 340.00 34.0 125.00 134.00 123.09

WEST BENGAL

1 Construction of SQ at Jalpalguri 592.75 519.13 70.00 13.6 31.33 45.00 28.62

2Construction of office building 451.09 338.11 80.00 18.8 31.33 48.43 50.00and staff quarters at Durgapur

3Sinking of deep tubewell at RO, 6.84 0.06 12.00 1.67 31.33 6.49 0.29Salt Lake and SQ Salt Lake

Payment of enhanced4 stampduty for office building at 3.92 0.00 3.92 3.92 31.33 0.00 O~OO

SRO, Siliguri.

Parallel implemntatlon of5 reinventing EPFIndia project 37.44 0.00 0.00 37.44 31.33 37.44 0.00

for pilot station at Kolkata

TOTAL 1092.04 857.30 165.92 75.51 31.33 137.36 78.91

NATRSS • ZTIs

1NATRSS building at Janakpuri, 681.14 757.00 30.00 0.00 0.00 0.00 0.00New Delhi

2 ZTI (WZ), Ujjain 402.42 240.63 100.00 30.70 61.80 92.50 100.00

3 ZTI (NZ) Faridabad 432.58 436.11 10.00 0.00 0.00 0.00 10.00

4Construction of compound wall

8.91 4.00 4.91 0.00 0.00 0.00 4.91of ZTI (52) at Chennai

5Construction of OB for ZTI (EZ),

138.20 114.77 23.42 0.00 10.00 10.00 23.42Kolkotta

~o

(

(-, -- •.~ ~.."-,-=. -

ORIGINAL WORKS - REGIONWISE CAPITAL EXPENDITUREREVISED ESTIMATES FOR 2004-05 AND BUDGET ESTIfi ATES FOR 2005-06

•• 1 ~

Rs. n lakh"

Sanctioned Total Budget Actua s Anddpated Revised Budget51. Region and Head EstimatedExpenditure

Estimates 1.04.0~ to 1.10.04 to Estlmat_ Estlmat_Ho amount as on 2004-05 30.09. 4 31.03.05 2004-05 2005-0&31.03.2004

6Consultency fee to CBRI,

2.50 2.00 0.00 70 00 0.00 70.00 0.00Roorkee for ZTI, OB, Kolkotta

7Interior work for ro, West 0.00 0.00 0.00 0 00 0.00 0.00 78.00Zone, Ujjain

TOTAL 1665.75 1554.51 168.33 100. 70 71.80 172.50. 216.33

HEAD OFFICE

1Bhavishya Nidhl Bhawan,Bhikaji Cama place New Delhi

a Building Cost 2831.40 2143.84 300.00 O.pO 20.00 20.00 300.00

b Interior Furnishing 460.00 207.84 20.00 O.pO 30.00 20.00 20.00

Purchase of land forConstruction of add!. SQ for

2 Head Office, NATRSS at 449.62 112.40 0.00 O.pO 300.00 300.00 . 37.22Gurgaon and housing at otherlocations

3 Construction of Data Centre at 68.00 42.16 5.00 O.pO 18.79 18.79 0.00Bhikaji Cama Place, New Delhi.

4ccnstructtcn of SQ at Malviya 1267.17 63.36 300.00 O.1)0 0.00 0.00 400.00Nagar

5Construction of OB, NRPOat 3913.85 716.82 1400.00 O. 0 1100.00 1100.00 2700.00Dwarka, New Delhi

Granite Stone flooring In

6corridor In front of Conference 2.81 0.00 0.00 o. 0 2.81 2.81 0.00Hall and Misc. work at 3rd floor,BNB, New Deihl.

7Special repairs of SQ at BNE,

22.12 0.00 0.00 0.( 0 22.12 22.12 0.00Malviya Nagar, N. Deihl

TOTAL 9014.97 3286.42 2025~00 0.00 1493.72 1483.72 3457.22

29

(

t:

r

~

RECOVERYOF LOANS 4 AOV,'NCESREVISED ESTIMATES FOR 2004-05 AND BUDGET E~~TIMATES FOR 2005-06

(Amount in lakh)

Budget Actual. from Revised 1If. variationBudget 0J0 variation

51 Actual. for fro between RE- between RE-No Name of the Region 2003-04 EsUmat_for 1.4.2004 to E.tlmat_ fe 2004-05. BE Estlmat_ for

2004-05.2004-05 30.9.2004 2004-05 2004-05 2005-06BE-200S-O&

1 2 3 4 5 6 7 8 9

1 Andhra Pradesh 128.97 135.00 79.90 138.2:> 2.41 139.00 0.54

2 Bihar 14.83 25.20 1.38 25.2D 0.00 :25,25 0,20

3 Chhatisgarh 5.41 6,50 0,00 8,OP 23.08 9,00 12,50

4 Delhi 23.41 37.00 14,35 37.0 0,00 40,00 8.11

5 Goa 6.25 8,50 3.48 8.5 0,00 10,00 17,65

6 Gujarat 74.00 80,00 38,38 80,OC 0.00 83.96 4,95

7 Haryana 31.0;2 44.00 21.20 45.0< 2.27 50.00 11,11

8 Himachal Pradesh 4,60 6,50 3.12 7.0( 7,69 7,00 0.00

9 Jharkhand 9.35 13.00 7.11 i5,OC 15.38 17,00 13.33

10 Karnataka 76,39 90.00 43,37 90.0C 0.00 90,00 0,00

11 Kerala 76,26 85,00 41,27 88.9!; 4,64 90,00 1.18

12 Madhya Pradesh 71.59 95.00 42.26 95.0C 0.00 100.00 5.26

13 Maharashtra 132.74 250.00 79,62 250.0C 0,00 275.00 10.00

14 N,E. Region 17.36 23,00 10.03 23.00 0.00 24,00 4.35

15 Orissa 30.15 33,00 17.90 34.00 3.03 35,00 2.94

16 punjab 44,12 65.00 19.66 65.00 0,00 65,00 0,00

17 Rajasthan 26,80 28.00 13.42 30.00 7.14 33.00 10,00

18 Tamil Nadu 175,34 180,00 98.39 200.00 11.11 220,00 10,00

19 Uttar Pradesh 41.42 45.50 21.33 45,50 0.00 50.00 9,89

20 Uttaranchal 4,18 5.00 1.44 5,00 0,00 5,00 0.00

21 West Bengal 61.35 100,00 29.11 100.00 0,00 110,00 10,00

22 Head Office 25.39 18,00 17.58 18,00 0,00 20,00 11.11

23 NATRSS 3,34 4,50 4.00 5.00 11.11 6,00 20.00

24 EPFA Tribunal 0,00 0.00 0,00 0,00 0,00 0,00 0,00

TOTAL 1,084.28 1,377.70 608.•29 1,413.40 2.59 1,504.21 6.43

30

r

(

(,

8

CONSOLIDATED ADMINISTRATIVE EXPENDInRE (EPF Ie EPS)REVISED ESTIMATES FOR THE YEAR 2004-05 AND BUDGET ESTIM~TES FOR THE YEAR 2005-06

(Amount In !akh)

51No Name of the Resllon Actuel. for

2003-2004

Budgetl!atlmat •• for

2004-05

Actual. fromL4.2004to30•••2004

V••.•8tIo between 1Ie-2004-05 ~ B~2004-0S

Amoun

Budget Vartatlon between RE-&tImet •• for 2004-05. BE-200s-oa

2005-08~Jllount

3.44

1 2I REVENUE SECTION

3 4 5 7 8 LO

1 Pay of Officers

2 Pay of Estt.

3 Leave Encashment

4 P.L.Bonus

5 Dearness Allowance

TOTAL I

II CONTINGENCIES ItMISC. SECTION

790.31

11,224.06

246.13

880.92

6,892.93

1,056.03

14,380.74

1,048.36

8,154.14

352.19

485.39 991.68 -64.35 -6.09

6,716.07 13,512.02 -868.7 -6.04

144.63 398.97 46.78 13.28

1.11 1,045.19 -3.17 -0.30

2,521.93

1,938.27· 3,285.66 -4,868.47 -59.71

15.41 26.54 7.56 25.79 -0.75

103.26 222.55 63.27 217.80 -4.75

37.59 39.22 14.88 41.30 2.08

-2.83

31.54

-5.98

-2.14

-13.37

5.31

4.57

1,096.63 104.94 10.58

14,504.99 992.97 7.35

419.66 20.69 5.19

1,092.32 47.12 4.51

7,071.08

3,963.47 677.80

13.90

26.88 1.09 4.22

4,618.35 271.60 6.25

651.22 40.59 6.65

231.46 13.66 6.27

579.69 23.31 4.19

41.16 -0.14 -0.34

34,296.90 3,056.63 9.78

20.63

862.986 Dearness Pay

7 Interim Relief

8 OvertimeAllowance

9 Other Allowances

10 TravellingAllowance

11 LeaveTravel Concession

12 MedicalAssistance

13 Honorarium

2,555.38 3,304.62 2,236.64 4,346.75 ~,042.1

490.06 649.44 292.45 610.63 -38.81

801.59 642.26 218.11 556.38 -85.88

24,037.66 29,876.10 14,640.31 31,240.27 1,364.18

6,208.09 6,208.0

1 Publicity 35.931,008.16 253.81 15.46 283.21 29.40 11.58 384.97 101.76

2 Audit Fee 30.32 62.07 15.60 75.69 13.61 21.93 72.39 -3.30I

-4.36

2.363 Bicycles

6.314 Bank Commission

0.12

3,362.36 3,404.31

0.71 0.04

1,649.83

0.71

3,859.76 455.45

0.00 0.42

13.38

0.73

4,103.42

0.02

243.65

5 Conveyance Hire 23.17 32.83 13.55 32.61 -0.22 -0.66 35.21 2.60 7.98

6 Electric/tyCharges 580.58 749.13 357.60 774.33 25.20 3.36 828.48 54.15 6.99

7 Water Charges 20.87 0.19 2.87 2.87 5.16 2.28 79.57

8 Fixture &Furniture 201.81 223.25 95.71 242.65 19.40 8.69 242.50 -0.15 -0.06

9 Legal Charges 77.07

10 Purchase of MotorVehicle 16.52

88.26

59.40

41.30

4.37

92.76

49.50

4.50

-9.90

5.10

-16.67

101.43

49.50

8.66 9.34

11 Maintenance&Repair ofMotorVehicles

99.04 97.47 53.47 108.85 11.39 11.68 117.41 8.56 7.87

Petty Works&12 Maintenance of Office

Building&StaffQuarters

13 Post &Telegraph

14 Printing & Binding

396.32

1,147.19

524.61

(

CONSOLI:DATEDADMINISTRATIVE EXPENDI1i~RE (EPF It EPS)REVISED ESTIMATES FOR THE YEAR 2004-05 AND BUDGET ESTIUATES FOR THE YEAR 2005-06

(Amountlnlakh

SINo Namoof tho Roglon Actual. for

2003-2004

3,083.85 1,626.18

ActualafromL4.2004to30.9.2004

Revisedl!atlmatoa for

2004-05

v.rlatllI1 bMw_n RI!-2004-0 • BI!-2004-05

Budget V.rlatlon betw_n RE·I!atlmat_ for 2004-05. BE-2ooS-G1

2005-011Amount

15 Publication

Budgetl!atlmat •• for

2004-05

4.56 32.5121.44 9.12 23.3 256.57 28.17 -4.35 -13.37

16 Rent, Rates & Taxes 466.14 1,096.43858.75 1,084.99 11.4 1.05 1,057.82 -38.61 -3.52

17 Staff paid fromContingencies

127.16 112.97 78.29 163.76 50.7 44.96 169.99 6.24 3.81

18 Stationery & Stores

19 Supply of Uveries &Washing Allowance

20 Telephones

21 Office Equip~ents

22 Misc. Office Expenses

23 Training and Conference

24 consultancy studies

TOTAL II

III STAFF WELFARE FUND

IV RETIREMENT BENEFITS

1 Pension & Gratuity

Transfer to Pension cum2 Gratuity Fund Account

3 Leave Salary & PensionContribution

260.42 478.02430.45 437.33

10.51 29.4521.48 50.00

128.63 308.88244.63 283.88

52.69 77.17 21.80 94.35

25.1.70 501.73365.03 359.62

23.83 239.44 12.23 135.57

58.54 297.99 0.91 183.15

159.64

9,692.14 10,368.79

99.99 123.75

5,842.48

53.26

4,464.01 11,125.64

99.00

40.6

-20.5

25.0C

17.U

142.1

-103.8~

-114.8~

756.8

24.75

9.30

-41.09

8.81

22.26

39.52

-43.38

-38.54

7.30

25.00

2,970.00 ..

3,625.13 541.28 17.55

38.66 9.02

5,098.50 2,128.5 71.67

14.69 3.80

35.05 -3.61 -9.35

511.93 33.91 7.09

32.52 3.07 10.42

332.10 23.22 7.52

87.62 -6.72 -7.12

463.17 -38.56 -7.69

130.77 -4.80 -3.54

153.45 -29.70 -16.22

123.75

11,537.23 411.59 3.70

3,817.44 192.31 5.30

5,643.00 544.50 10.68

35.54 0.49 1.41

4 Payment of AssuranceBenefi~Board's share of

5 contribution towardsIcontriblltnrv P.F.

V COMPUTERISATION

TOTAL IV

G.Total (I+II+III+IV+V)

VI REPAYABLE LOANS 8tADVANCES

2 Advance for Purchase ofTable Fans.

3 House Building Advance.

Advance in connection4 with Natural Calamities.

12.56

5,908.30

1,630.34

41,428.08

232.68

531.74

0.63

9.17

0.54 0.54

19.07 4.38 29.78

6,107.20 1,639.00 8,778.29 2,671.0 43.74

24,206.49 492.11 4,950.00 -19,256.4~ -79.55

70,657.58 21,335.42

1.50 0.20

:432.05 51.90 13.65380.15 174.73

26.05 25.80

1,102.57 -139.13 -11.20

-0.96

1,241.70 242.49

-0.25

0.54

19.25 0.18 0.93

9,515.77 737.48 8.40

9,900.00 4,950.00 100.00

65,373.66 9,155.70 16.29

453.10 21.05 4.87

1.66 0.04 2.54

25.80

1,122.00 19.43 1.76

5 Festival Advance.

6 Warm Clothing Advance.

178.48

0.09

56,217.95 -14,439.62 -20.44

1.62 0.12 8.02

232.70 55.62 202.80 -29.90

0.10

-12.85

15.87

217.14

0.73

14.34 7.07

7 Advance for purchase ofpersonal computer

TOTAL VI

30.86

983.66

0.63 0.02 0.73

57.63 4.19 63.95

- --- .,_._-

SANCTIONED STRENGTH IAND IN POSITION OF OFFICEJ S AND STAFF IN THE EPFOAS ON 30.09.2004

s. D_ign.tion P.ysCille s.nctloned Strength InNo. strength position

1 :I 3 4 5

GROUP 'A'

1 Central Provident Fund Commissioner Rs.18400-500- ~2400 1 1

2 Financial Advisor & Chief Accounts Officer Rs. 14300-400 18300 1 1

3 Additional Central P. F. Commissioner Rs. 14300-400 18300 9 94 Additional Central P. F. Commissioner (IS) Rs. 14300-400 18300 1 15 Chief Engineer Rs. 14300-400 18300 1 16 Director (Vigilance) Rs. 12000-375 16500 1 17 Director (IS) Rs. 12000-375 16500 2 28 Regional Provident Fund Commissioner (Gr. I) Rs. 12000-375 16500 37 36

9 Regional Provident Fund Commissioner (Gr. II) Rs. 10000-325- 15200 145 137

10 Dy. Director (Vigilance) Rs. 10000-325- 15200 5 5

11 Dy. Director (Audit) Rs. 10000-325- 15200 0 1

12 Dy. Director (TS) Rs. 10000-325- 15200 4 2

13 Dy. Director (Official language) Rs. 10000-325- ~5200 1 1

14 Assistant Provident Fund Commissioner Rs. 8000-275- 3500 409 331

15 Executive Engineer (Electrical) Rs. 8000-275- 3500 1 0

16 Executive Engineer (Civil) Rs. 8000-275- 3500 2 1

17 Assistant Research Officer (NATRSS) Rs. 8000-275- 3500 2 1

18 Asstt. Director (IS) Rs. 8000-275- 3500 17 8

19 Asstt. Director (Vigilance) Rs. 8000-275- 3500 20 18

20 Assistant Engineer (Civil) Rs. 8000-275- 3500 10 4

21 Assistant Engineer (Electrical) Rs. 8000-275- 3500 2 2

22 Zonal Audit Officer Rs. 8000-275-1 3500 4 1TOTAL 675 564

GROUP 'B'

1 Prc;>grammer Rs. 7450-225-1 1500 21 2

2 Asst. Programmer/ A.A.O. (ZAP) Rs. 6500-200-1 0500 75 35

3 Welfare Officer ,Rs. 6500-200-1 0500 1 1

4 JA / Asst. Director (Ol) Rs. 6500-200-1 0500 35 32

5 Private Secretary Rs. 6500-200-1 0500 52 27

6 Section Officer Rs. 6500-200-1 P500 57 57

7 EO/AAO/EO(Squad) Rs. 5500-175-~ 000 1785 1707

8 Personal Assistant Rs. 5500-175-< 000 103 79

9 Research Assistant Rs. 5500-175-~ 000 2 2

10 Hindi Translator (Gr.!) Rs. 5500-175-~ 000 17 12

11 Yoga Instructor Rs. 5000-1S0-E 000 1 -TOTAL 2149 1954

33

- ---- - -.--,....-'-,~-- --

5. D_lgnalion Payscah Sanctioned Strength inNo. strength position1 2 3 4 5

GROUP 'C' :

1 EDPSupervisor Rs. 5000-150 8000 87 68

2 lE/ Auditor/Librarian Rs. 5500-175 9000 38 32

3 Junior Technical Asstt. / Legal Asstt. Rs.4500-125 7000 43 22

4HC/Asstt./DN/ Acct/LNMachlne Operator/ Rs. 5000-150 8000 2079 1848Statistical Asstt.

5 Vigilance Assistant Rs. 5000-150 8000 12 8

6 Hindi Translator Gr.1l Rs.4000-100 6000 148 987 UDC/SSA/Steno Gr.III/caretaker Rs. 4000-100 6000 10860 8976

8 D.E.O. Rs.4000-100 6000 475 475

9L.D.CjTelex OperatorjTelephone Operator/Lift Rs.3050-70 4590 4080 3246Operator

10 Driver/Electriclan/Plumber/Pump Operator/ Rs.3050-70 4590 210 174Gestetner Operator (Sr.)/Cook-cum-TOTAL 18032 14947

GROUP '0'

Gestetner/Record Sorter (Sr.)/Daftary/ Rs. 2650-50- 000/1

3200726 658

Record Sorter/lamadar Rs. 2550-55-

Peon/Chowkidar/Mall/Sweeper/Frash/Helper/ Rs. 2440-40- 32002 1694 1508Cook-cum-Attendant/ Rs. 3050-70- 4590

TOTAL 2420 2166GRANO TOTAL 23276 19631

,

I

i

34

t

REVISED ESTIMATES FOR 1"HEYEAR 2004-2005ESTIMATES FOR THE YEAR 2005-2006 FOR THEDEPOSIT LINKED INSURANCESCHEME,1976

&. BUDGETEMPLOYEES'

The Budget proposals (Revised Estimates for the ~ear 2004-2005 and Budget

Estimates for the year 2005-2006) in respect of the Employees' Deposit Linked Insurance

Scheme, 1976 have been tabulated and the posltlon Is as fol ows.

The various statements showing the receipts on account of Contribution,·

Administrative Charges, Inspection Charges, Penal DamagEs etc. and the proposals for

expenditure made in the Revised Estimates for the year 2 )04-2005 as Indicated in the

statement annexed to this memorandum are for consideratio ~of the Board.

REVISED E:S iiMATES FOR THE YEAR -A-A_2~)05

a) CONTRIBUTION

The Revised Estimates of receipts for the year 2004-~005 Is Rs. 198.91 crores as

against a sum of Rs. 192.94 crores provided In the Budget :stlmates for the year 2004-

2005 and the actual receipts of Rs. 175.36 crores in 2003-2004. The details are given in

the statement at Page 41.

b) INCOME

The Revised Estimates of receipts during the current year is Rs. 80.90 crores as

against Rs. 82.19 crores provided in the Budget Estimates fpr the year 2004-2005. The

details are given below: [ Rs. In crores ]

Actuals for2003-04

51. ParticularsNo

1 2

.1AdministrativeCharges

2 Inspection Charges

3 Penal Damages

4 Interest onInvestment

TOTAL

Amount % variation

3 4 5 6 7

5.78 8.71 7.90 -0.81 -9.30

1.85 2.95 2.85 -0.10 -3.39

0.17 0.33 0.42 0.09 27.27

61.00 70.20 ~9.73 -0.47 -0.67

68.80 ·82.19 8p.90 -1.29 -1.57

Budget Revl~edEstimates for Estlma1es for

2004-05 2004 OS t-------..-----f

Variation between BudgetEstimates. Revised

Estimates

The Region-wisedetails of Administrativecharges, InspectionCharges, Penal Damages are

given in the statementsat pages42 to 44.

35

r c) EXPENDITURE(REVENUE)

The expenditure during the current year proposed in the Revised Estimates Is given In

the table at pages 45 and 46 and Is summarized as follows:

[ Rs. In crores]

Actuals Budget Revised Variation between BEParticulars for 2003- Estimates Estimates Amount %04 for 2004-05 for 2004-

Revenue 4.18 7.14 5.6~ -1.46 -20.45Expenditure

BUDGET ESTIMATES FORTHE YEAR 2005-2006

a) CONTRIBUTION·

The estimated receipts for the year 2005-2006 is Rs. 217.00 crores as against Rs.

198.91 crores proposed in the Revised Estimates for the year 2004-2005 as given at page41.

b) INCOME

The Revenue receipts during the year 2005-2006 is estimated to be Rs. 88.55

crores as against Rs. 80.90 crores proposed in the Revised Estimates for the year 2004-

2005. The details of the Income are as under: -

[Rs. in crores]

51.Revised Budget Variation (-) or (+)

Particulars Estimates for ·Estimates fa ••No. 2004-2005 2005-2006

Amount 0/0

1 Administrative7.9 9.4 1 1.51 19.11

Charoes

2 Inspection Charges 2.85 2.9 5 0.1 3.51

3 Penal Damages 0.42 0.4 4 0.02 4.76

4Interest on 69.73 75.7 5 6.02 8.63Investment

TOTAL .80.90 88.5 5 7.65 9.46

The Region-wise details of Administrative Charges, fLnspection Charges, Penal

Damages are given in statements at pages 42 to 44.

36

Particulars

[ Rs. in crores ]

Budget Revised Budget Variation betweenEstimates Estimates Estimat ~s RE 2004-2005 •. BEfor 2004- for 2004- for 200 5- 2005-2006

2005 2005 2006Amount %

7.14 5.68 6.60 0.92 16.20

c) EXPENDITURE (REVENUE)

The expenditure proposed in the BE for the year 2005-~006 Is as follows :-

RevenueExpenditure

The details of expenditure are given on page 45 and 46

The over all comparative position of Income and E penditure proposed in the

Revised Estimates for the year 2004-2005 and In the Budget Estimates for the year 2005-

2006 is as under:

SUMMARY:

Particulars

[ Rs. in crores ]

BudgetRevised Budget Variation between RE

Estimates for Estimates EstimatE s -2004-2005 •. BEfor 2004- for 200~ - 2005-20062004-2005 2005 2006 Amount I %

82.19 80.90 88••~5 7.65r 9.46

7.14 5.68 6.• 0 0.921 16.20

INCOME

EXPENDITURE

5. The comparative statement showing the summary of Revised Estimates for the

year 2004-05 and actuals for the year 2003-04 of all the three schemes are given at page

47.

The Revised Estimates for the year 2004-2005 and the Budget Estimates for the

year 2005-2006 as proposed may kindly be considered by the Board.

37

)

-- -

ANNUAL FINANCIAL STATEMENT OF RECEIP1 S AND PAYMENTS

CONTRIBUTION ACCOUNT (E. b.L.I.)

REVISED ESTIMATES FOR 2004-05 AND BUDGET E~IrrIMATES FOR 2005-06

[Rs. in crores]

SI. Receipts Actuals RE BE Payments Actuals RE 2004- BE 2005-No. 2003-04 2004-05 2005·06 2003-04 05 06

1 Contribution 175.36 198.91 217.00 Assurance 50.78 55.86 61.44Benefits

Excess ofReceipts over 445.75 493.32 551.37payment

Interest on Investment

2 (a) Public Account 239.87 260.26 282.39

(b) Securities 79.54 88.07 111.29

3 Bank Interest 1.76 1.94 2.13

TOTAL 496.53 549.18 612.81 496.53 549.18 612.81

38

r-, )

)

)

J

)

)

}

(,

rr-

r

-- -,-.--- - -- - -

ANNUAL FINANCIAL STATEMENTOF RECEIPl S AND PAYMENTS

EMPLOYEES' DEPOSIT LINKED INSURANCE It ~VESTMENT ACCOUNTREVISED ESTIMATES FOR 2004-05 AND BUDGETE~TIMATES FOR 2005-06 ,

[~. inCrores]S.No. Receipts

RE- 2004- BE-Pa)

RE- BE-05 2005-06 ments 2004-05 2005-06

Opening Balance

1 (a) Public Account 3061.87 3322.13

(b) Securities 842.36 1073.48

Total 3904.23 4395.61,CONTRIBUTION

2 (a) Receipt as per last year 175.36 198.91 Assuranc ~Benefits 55.86 61.44

(b) Increase in contribution 23.55 19.09 Estimatec balance 4395.61 4944.85due to normal growth, for Invest ment

Total 198.91 '217.00

Interest on Investment

3(a) Public Account 260.26 282.39

(b) Securities 88.07 111.29

G.TOTAL 4451.47 5006.29 4451.47 5006.29

39

r>l

- - --. --.

ANNUAL FINANCIAL STATEMENT OF RECEIP' rs AND PAYMENTS

ADMINISTRATION FUND CONTRIBUTION AND INVES irMENT ACCOUNT (E.D.L.I:.)

REVISED ESTIMATES FOR 2004-05 AND BUDGET ESTIMATES FOR 2005-06

eRs. In Crores)

S.No Receipts RE-2004-0S BE-200S-06 Paym4 nts I RE-2004-0S BE-200S-06

OPENING BALANCE

Admir:wistration Fund Account 871.61 946.83

a) Administrative Charges 7.90 9.41 Revenue expe nditure 5.68 6.60(5.78) (4.18)

b) Inspection Charges 2.85 2.95 Estimated baJance for 946.83 1028.78(1.85) Investment

c) Penal Damages 0.42 0.44(0.17)

d) Interest on Investment 69.73 75.75(61.00)

Total 80.90 88.55

G. Total 952.51 1035.38 952.51 1035.38

Note: Figures shown In brackets relate to actuaJsfor 2003-04

40

,

crr:r:ccrr

(

rrrcrr>l

REGIONWISE· CONTJUBUTIO. N (E.D.L.I.)REVISED ESTIMATES FOR 2004-05 AND BUDGE'r" ESTIMATES FOR 2005-0~

[Amount In lakh]

% %

Budget Actuala Rev~ variation Budget variation51 Name of the Region Actuala for Eatimat_ from Eatlll~a~ between Estimat_ betweenNo 2003-04 lA.2004 to for :2fo04- RE-2004- RE-2004-for 2004-05 30.9.2004 a~ 05 a. BE- for 2005-06 05 a. BE-

2004-05 2005-06

1 2 3 4 5 • 7 8 9

1 Andhra Pradesh 1,166.40 1,280.00 64.05 1,5( 0.00 17.19 1,750.00 16.67.

165.36 230.00 77.25 2~0.00 0.00 250.002 Bihar 8.70

3 Chhatisgarh 100.28 90.00 52.90 1~5.00 38.89 150.00 20.00

4 Delhi 1,424.68 1,600.00 733.29 1,6C0.00 0.00 1,750.00 9.38

5 Goa 78.79 85.00 44.84 100.00 17.65 110.00 10.00

6 Gujarat 1,126.84 1,300.00 695.69 1,426.10 9.70 1,440.00 0.97

7 Haryana 565.77 650.50 3~3.55 70p.OO 7.61 725.00 3.57

8 Himachal Pradesh 78.37 88.00 40.40 8~.00 0.00 90.00 2.27

9 Jharkhand 150.05 170.00 4,639.03 20D.OO 17.65 220.00 10.00

10 Karnataka 1,510.69 1,500.00 815.18 176.00 -88.33 200.00 14.29

11 Kerala 612.98 780.00 315.80 80D.OO 2.56 850.00 6.25

12 Madhya Pradesh 418.08 455.00 220.57 47 p.OO 3.30 490.00 4.26

13 Maharashtra 4,391.30 4,530.00 2,276.26 5,00 .00 10.38 5,500.00 10.00

14 N.E. Region 174.47 200.00 88.72 201.00 0.00 220.00 10.00

15 Orissa 231.64 250.00 101.61 301.00 20.00 350.00 16.67

16 Punjab 558.33 660.00 295.00 661.00 0.00 670.00 1.52

17 Rajasthan 276.26 330.00 145.20 40( .00 21.21 500.00 25.00

18 Tamil Nadu 1,864.28 1,900.00 993.39 2,25C.00 18.42 2,500.00 11.11

19 Uttar Pradesh 866.84 825.00 486.21 1,15C.00 39.39 1,250.00 8.70

20 Uttaranchal 143.75 170.00 71.58 1/.00 -90.00 185.00 988.24

21 West Bengal 1,630.77 2,200.00 824.17 2,50C.00 13.64 2,500.00 -

TOTAL 17,535.94 19,293.50 13,304.69 19,891.10 3.10 21,700.00 9.09

41

crt:

cr r--r -r -r r- ~----~_r------_.--~(~A~m~o~u~n~t~i~n~la~k~h~I)

r".. . B d t Actualsfrom Revised o/g variation Budget o/g variation, 51 Actuals for u ge Estimate_ betweenRE Estimates betweenRE-

No Nameof the Region 2003-2004 Estimates 1.4.2004to for 2004 2004-05. for 2005- 2004-05 •(' for 2004-05 30.9.2004 05 BE-2004-05 06 B£-2005-O&

(

(

r

REGIONWISE ADMINISTRATIVE CHAJ~GES(E.D.L.I.)

REVISED ESTIMATES FOR 2004 ••bs AND BUDGET E!;TIMATES FOR 2005-06

25.00

9.09

( ~1~------2=---___+--~3~--_r--~4--~---5----r_--6~~r_--7~--+_---8--_+--~9~~35.32 44.00 20.57 41.00 -6.82 45.001 Andhra Pradesh 9.76

2 Bihar 5.20 9.00 2.63 9.00 - 9.00 0.00

3 Chhatlsgarh 12.23 20.00 4.10 20.00 25.00

4 Delhi 42.51 65.00 34.00 65.00 - 72.00 10.77

5 Goa 2.96 4.00 1.41 4.00 - 5.00 25.00

6 Gujarat 81.37 65.00 31.56 78.00 20.00' 81.00 3.85

7 Haryana 23.43 32.50 12.48 35.00 7.69 40.00 14.29

8 Himachal Pradesh 2.49 8.55 1.41 3.50 -59.06 3.75 7.14

10 Karnataka

9 Jharkhand 5.07 6.00 3.15 7.00 16.67 8.00 14.29

9.09

21 West Bengal

TOTAL

44.71

14.86

16.74

111.62

5.62

9.38

30.55

14.11

49.02

29.10

3.80

38.17

578.26

11 Kerala

55.00

22.30

23.15 55.00

7.50 22.30

0.00 60.00

0.00 25.00 12.11

12 Madhya Pradesh 23.00 9.67 24.00 4.35 26.00 8.33

13 Maharashtra 200.00 80.93 200.00 0.00 210.00 5.00

14 N.E. Region

15 Orissa

6.60

11.00

2.30 6.00

3.68 11.00

-9.09 7.00

0.00 12.00

16.67

16 Punjab 58.00 19.83 58.00 0.00 58.00 0.00

17 Rajasthan 22.00 5.98 15.00 -31.82 16.00 6.67

18 Tamil Nadu 66.00 27.23 66.00 0.00 66.00 0.00

19 Uttar Pradesh 47.40 14.97 50.00 5.49 ·50.00 0.00

20 Uttaranchal 5.50 5.07 10.38 88.74 112.00 978.93

100.00 19.55 10.00 -90.00 10.00 0.00

870.85 331.17 790.18 -9.26 940.75 19.06

42

()

n REGIONWISE INSPECTION CHARGeS (E.D.L.I.){'1 REVISED ESTIMATES FOR 2004-05 AND BUDGET E~TIMATES FOR 2005-06n (Amount In lakh)

(,

C 3

294.50

51 Actuals for BudgetNameof the Region 2003-2004 Estlmat••

No for 2004-05

AfroctumalS Ofo variation Budget 010 variationRevised1.4.2004 Estimates fo between RE- Estimates between RE-

2004-05 •. for 2005- 2004-05 a. BE·to 2004-05 BE-2004-05 06 2005-06

30.9.2004

1 2 4 5 6 7 8 9

rl 3.53,1 Andhra Pradesh 13.72 17.75 7.57 17.00 -4.23 17.60

r' ) 0.00I

2 Bihar 0.10 1.30 0.09 1.50 15.38 1.50

3 Chhatisgarh 6.01 6.00 1.52 6.00 0.00 6.50

4 Delhi 15.18 28.00 6.61 28.00 0.00 28.00 0.001

5 Goa 1.00 4.00 0.31 4.00 0.00 5.00 I25.001

6 Gujarat 7.48 13.50 8.91 13.50 0.00 14.00 3.70

7 Haryana 1.90 8.00 0.98. 3.00 -62.50 3.50 16.67

8 Himachal Pradesh 1.23 3.10 0.60 2.00 -35.48 2.20 10.00

10 Karnataka

9 Jharkhand 4.75 9.00 2.62 6.50 -27.78 7.00 7.69

0.00

21 West Bengal

TOTAL

15.28 19.00

11 Kerala 4.37 4.75

7.13

2.13

19.00

4.91

0.00 19.00

3.37 5.47 11.41

12 Madhya Pradesh 16.43 23.00 7.82 25.00 8.70 27.00 8.00

13 Maharashtra 21.84 33.00 7.76 33.00 0.00 35.00 6.06

14 N.E. Region 5.48 5.25 2.83 6.50 23.81 7.00 7.69

15 Orissa 6.27 7.00 7.10 8.00 14.29 8.50 6.25

16 Punjab 18.92 25.25 5.03 25.25 0.00 25.25 0.00

17 Rajasthan 7.17 16.00 3.28 10.00 -37.50 10.00 0.00

18 Tamil Nadu 14.10 25.00 6.80 25.00 0.00 26.00 4.00

19 Uttar Pradesh 11.65 14.00 4.39 15.00 7.14 15.00 0.00

20 Uttaranchal 1.38 1.60 0.30 1.60 0.00 1.70 6.25

10.37 30.00 5.37 30.00 0.00 30.00 0.00

184.66 89.16

43

284.76 -3.31 295.22 3.67

(

(

r:

r(

(

(

(

(

(

- - - -- ~-

REGIONWI:SE PENAL .DAMAGES (E.D.L.I:.)REVISED ESTIMATES FOR 2004-05 AND BUDGE r" ESTIMATES FOR 2005~O6

[Amount in lakh]Actual. UFo

Actuals Budget from RevlSt~ % variation Budget variatif.SI Nameof the Region for 2003- Estimates 1.4.2004 Estimaltes between RE Estimates betweNo 2004-05 a. for ~005- RE-200 -2004 for 2004-05 to for 2004 05 BE-2004-05 06 05 a.B.-30.9.2004 ...••............1 2 3 4 5 8 7 8 sa1 Andhra Pradesh 1.210 1.310 10.37 2.1010 53.85 2.1010 o.oo2 Bihar 10.14 10.210 10.17 IO.~IO 1510.1010 10.55 110.1010

I

3 Chhatisgarh 10.35 1.1010 10.25 z.oo 11010.1010 2.510 25.lOb

Delhi 10.81 3.510 1.102 3.510 10.010 3.510,

4 , 1O.lOpi

5 Goa 10.108 10.12 10.101 10.,,2 10.1010 10.15 25.1O~

6 Gujarat 10.45 2.810 10.27 2. 10 10.1010 2.910 3.57

7 Haryana 10.29 10.75 10.410 1.110 11010.1010 1.75 16.618 Himachal Pradesh 0.06 0.25 0.01 o.as 10.1010 0.25 o.oq9 Jharkhand 0.71 0.75 0.25 10.')0 -6.67 0.75 7.11

10 Karnataka 10.82 1.10 10.39 1.1P 0.00 1.10 0.100

11 Kerala 10.34 0.33 10.27 1O.5~ 61.82 10.60 12.36

12 Madhya Pradesh 0.48 0.24 0.42 10.85 254.17 0.910 5.88

13 Maharashtra 1.93 7.510 10.74 7.5p 10.1010 110.810 44.1010

14 N.E. Region 10.25 0.20 10.110 0.1 ~ -410.1010 0.15 25.1010

15 Orissa 10.38 10.33 10.17 lO.s( 51.52 10.75 ·510.1010 "i

4.5{I

16 Punjab 2.18 4.50 1.110 10.1010 4.510 10.010,

o.«i'l

17 Rajasthan 0.62 10.410 10.14 10.1010 10.45 12.510 ii,

18 Tamil Nadu 3.106 1.110 10.32 1.1C 10.1010 1.110 10.1010

19 Uttar Pradesh 10.57 10.75 10.17 1.100 33.33 1.1010 0.1010

210 Uttaranchal 10.07 3.010 10.07 3.1010 10.010 10.410 -86.67

21 West Bengal 1.78 3.1010 5.72 8.00 166.67 8.1010 10.1010

TOTAL 16.57 33.12 12.35 41.97 26.73 44.110 5.107

44

CONSOUDATED ADMINISTRATIVE EXPEND':TURE (E.D.l.I.)REVISED ESTIMATES FOR THE YEAR 2004-05 AND BUDGET ESTI~ATES FOR THE YEAR 2005-06

(Amount in laid

Name of the Region

VarNltio" 1MItw_ RE-Actual. for Budget Actua•• from Rm.-d 2004-05 • 8E-:IOO4-05 8udget

EatimatM 1.4.2004 to Eati-'- Eati••••••2003-2004 for 2004-05 30•••2004 for 2004-05 I-----h------f for 2005-CHJ/-----,,...---

SI(> No

r I REVENUE SECTION

" 1 Pay of Officers 7.98 10.67 4.90 10.02 -0.6 -6.09

-6.04

Variation betw •• n RE2004-05 • BE-2oo5-0

11.08

146.52

1.06 lD.5

3 Leave Encashment

2 Pay of Estt. 113.37 145.26 67.84 136.49 -8.7 J

r- r--r----------------r------;------r----~r_----r_---~r_----~----~-----~---0.47 5.1

Amount.. Amount ••••(~hl-r------:;2:--------+---=3:-~f--4:---r---·5~-lf----r----6:--~I-- •.7--f-.....,8~-~.....,9~-l!--~10-

2.49 3.56 1.46 4.03 13.28 4.24

10.03

0.21

7.3

4 P.L. Bonus 8.90 10.59 0.01 10.56 -0.03 -0.30 11.03 0.48 4.55 Dearness Allowance

,r--r--------------r----;----r----~f-----r_--~r_----~---4_---4_----20.669.63 82.37 19.58 33.19 -49.18 -59.71 40.04 6.85

6 Dearness Pay 25.47 62.71 62.71 71.43 8.72 13.91

7 Interim Relief

4.2:8 Overtime Allowance 0.16 0.27 0.08 0.26 -0.01 -2.83

31.54 46.65

0.27 0.01..-i----------t-----t----t-----jr----t----tt---,.----:t-----t----f---

6.2!, 9 Other Allowances 25.81 33.38 22.59 43.91 10.53 2.74

10 Travelling Allowance 6.6!4.95 6.56 2.95 6.17 -0.39 -5.98 6.58 0.41

11 Leave Travel Concession 1.04 2.25 0.64 2.20 -2.14 2.34-0.05 0.14

12 Medical Assistance 8.lD 6.49 2.20 5.62

0.02

-13.37 5.86-0.87 0.24 4.1!

13 Honorarium 0.38 0.40 0.15 0.42 5.31 0.42 0.00

TOTAL I 9.7t

II CONTINGENCIES •. MISC.SECTION

242.80 301.78 147.88 315.56 4.57 346.4313.78 30.88

1 Publicity 35.9~10.18 2.56 0.16 2.86 0.30 11.58 3.89 1.03

2 Audit Fee 0.31 0.63 0.15 0.76 0.14 21.93 0.73 -0.03 -4.3E

2.3E3 Bicycles 0.00 0.01 0.00 0.01 0.00 0.42 0.01 0.00

6.314 Bank Commission 33.96 34.39 16.66 38.99 4.60 13.38 41.45 2.46

5 Conveyance Hire 7.9E0.23 0.33 0.14 0.33 0.00 -0.66 0.36 0.03

6 Electricity &. WaterCharges 5.86 7.57 3.61 7.82 0.25 3.36 8.37 0.55 6.95

7 Water Charges 79.5i0.21 0.00 0.03 0.03 0.05 0.02

'1 Fixture & Furniture -O.OE2.04 2.26 0.97 2.45 0.20 8.69 2.45 0.00

} Legal Charges 9.340.78 0.89 0.42 0.94 0.05 S.10 1.02 0.09

o Purchase of Motor Vehicle 0.17 0.60 0.04 0.50 -0.10 16.67

(

.~~-~-. '"

CONSOLIDATED ADMINISTRATIVE EXPENDr ruRE (E. D.L.t.)REVISED ESTIMATES FOR THE YEAR 2004-05 AND BUDGET ESTU ATES FOR THE YEAR 2005-06

(Amount in lakh:

J SIAduala'rom R_1aecI Variation between RE-

Budget Variation betw_ RE-Actual. for Budget 2OCM-05 III8E-2OCM-05 2004-05 • 8E-2oo5-015(0 Name of the Region 2003-2004

Eatlmat_ 1.4.2004 to Eatlmat_ Eatl••••t••for 2004-05 30.9.2004 for 2004-05 for 2005-04

Amount "'- Amount "Ie

/13 Post & Telegraph 11.59 13.65 5.53 13.82 0.17 1.28 14.30 0.48 3.44

114 Printing & Binding 5.30 5.90 3.00 6.96 1.05 17.87 6.90 -0.06 -0.8e

115 Publication 0.22 0.09 0.05 0.33 0.24 25p.57 0.28 -0.04 -13.37,8.67 10.96 4.71 11.08 0.12 Los 10.69 -0.39,16 Rent, Rates & Taxes -3.52

r 17 Staff paid from I

Contingencies1.28 1.14 0.79 1.65 0.51 44.96 1.72 0.06 3.81

18 Stationery & Stores 4.35 4.42 2.63 4.83 0.41 9.30 5.17 0.34 7.05

19 supply of Liveries & 0.22 0.51 0.11 0.30 -0.21 -41.09 0.33 0.03 10.42Washlna Allowance

20 Telephones 2.47 2.87 1.30 3.12 0.25 8.81 3.35 0.23 7.52

21 Office Equipments 0.53 0.78 0.22 0.95 0.17 22.26 0.89 -0.07 -7.12

22 Misc. Office Expenses 3.69 3.63 2.54 5.07 1.44 39.52 4.68 -0.39 -7.69

23 Training and Conference 0.24 2.42 0.12 1.37 -1.05 -43.38 1.32 -0.05 -3.54

24 consultancy studies 0.59 3.01 0.01 1.85 -1.16 -38.54 1.55 -0.30 -16.22

TOTALII 97.90 104.74 45.09 112.38 7.64 7.30 116.54 4.16 3.70

III STAFFWELFARE FUND 1.61 1.00 1.01 1.25 0.25 25.00 1.25

IV RETIREMENTBENEFITS

1 Pension & Gratuity 59.01 31.15 16.43 36.62 5.47 17.55 38.56 1.94 5.30

2Transfer to Pension cum 30.00 51.50 21.50 71.67 57.00 5.50 10.68- -Gratuity Fund Account

3Leave Salary & Pension 0.54 0.39 0.09 0.35 -0.04 -9.35 0.36 0.01 1.41Contribution

4Payment of Assurance 0.13 0.15 0.04 0.19 0.04 29.78 0.19 0.00 0.93Benefits

Board's share of5 contribution towards - - - 0.01 0.01 0.01

Contributory P.F.

TOTALIV 59.68 61.69 16.56 88.67 26.98 43.74 96.12 7.45 8.40

V COMPUTERISATION 16.47 244.51 4.97 50.00 -194.51 -79.55 100.00 50.00 100.00

G.Total (I+II+IU+IV+V) 418.47 713.71 215.51 567.86 -145.85 -20.44 660.34 92.48 16.29

46

I

(

r(

(

(

(

r(

(

r

("

",

".COMPARATIVE STATEMENT SHOWING THE REVISE[~ ESTIMATES 2004-05 FOR

CONTRIBUTION, INCOME c!t EXPENDITURE] N THREE SCHEMES

Variation

[Amount In lakh]

51.No. Particulars Actuals for 2003-

2004

Revl~edEstimate 2004-

20<l:5 Amount Percentage

1. CONTRIBUTION

a. E.P.F.Contribution 824,340'.66

620000.00

989 144.85 164,804.19

70,745.17

19.99

r 12.88b. Pension Fund Contribution 549,254.83

r 13.46c. E.D.L.I. Contribution 17,531.88

1,391,127.37 1,629,( 35.95 237,908.58

19,891.10 2,359.22

Total 17.10

2. INCOME

a. Administrative Charges (EPF) 53,670.11 64, ~85.00 11,214.89 20.90

b. Inspection Charges (EPF) 4,275.64 6,4 17.50 2,141.86 50.09

c. Penal Damages (EPF) 331.39 ~26.00 494.61 149.25

d. 7 Q Interest (EPF) 325.93 375.00 49.07 15.06

e. Misc. Income (EPF) 404.78 J38.57 333.79 82.46

Diversion from Pension Fundf. (EPF) 140.67 70.00 -70.67 -50.24

g. Administrative Charges (EDU) 578.26 7:)0.18 211.92 36.65

h. Inspection Charges (EDU) 184.66 2~4.76 100.10 54.21

i. Penal Damages (EDU)

Interest on investment (EPFj. Admn. & EDU Admn.)

16.57

136.70 1~0.54 13.84

1.97 25.40 153.29

10.12

Total 60,064.71 74,5711.52 14,514.81 24.17

3. EXPENDITURE

Capital Expenditure includinga. appropriation 55.58 129.23

223.04

132.51 .

b. Revenue Expenditure 418.47 567.86

73.65

149.39 35.70

Total 474.05 697.09 47.05

47

cbq=al;{) ~fdisq m-such as call money market, repo,cblo, gilt funds etc. matter beexpedited to get...

Documents