opensansad/lok-sabha-qa huggingface dataset:
Lok Sabha Question No. 2856 (UNSTARRED), answered on 2018-08-03
Subject: Withdrawn Amount by FII
Ministry: FINANCE
Asked by: KINJARAPU RAM MOHAN NAIDU, VENKATESWARA RAO MAGANTTI

## MINISTRY OF FINANCE

## DEPARTMENT OF ECONOMIC AFFAIRS LOK SABHA

UNSTARRED QUESTION NO. 2856

TO BE ANSWERED ON FRIDAY AUGUST 3,2018/ SHRAVANA 12/1940 (SAKA)

Withdrawn Amount by FII

2856: Shri. RAM MOHAN NAIDU KINJARAPU Shri. MAGANTTI VENKATESHWARA RAO (BABU)

## Will the Minister of FINANCE be pleased to state:

- (a)The breakdown of the amount of money withdrawn by Foreign Institutional Investors (FIls) between the years 2008 to 2018 year-wise; and
- (b) the measures taken by the Government to stem the outflow of FII investment from India over the last four years

## ANSWER MINISTER OF STATE IN THE MINISTRY OF FINANCE

## (SHRI. PON.RADHAKRISHNAN)

- (a) The details of the net  inflowloutflow by Foreign Portfolio Investors in Indian markets during the period from Financial Year 2008-09 to 2017-18 is as below:
- (b) With a view to check volatile inflows and outflows of foreign portfolio investment; appropriate prudential measures to limit such flows have been in place. These, inter-alia, include restrictions on the eligible securities that an FPI can invest in, limits for purchase of shares in a company, government securities and corporate bonds, minimum maturity restrictions for purchase of debt securities and priority to long term investors: For incentivizing long-term investors , separate  investment limits have been carved out for them: put

| Financial Year   | Net FPL flows (in INR crore)   |
|------------------|--------------------------------|
| 2008-09          |                                |
| 2009-10          | 154634.46                      |
| 2010-11          | 148740.69                      |
| 2011-12          | 97004.64                       |
| 2012-13          | 171851.13                      |
| 2013-14          | 54894.71                       |
| 2014-15          | 300131.52                      |
| 2015-16          | -8503.97                       |
| 2016-17          | 48154.12                       |
| 2017-18          | 148885.94                      |

Source

Reserve Bank of India
Lok Sabha Question No. 2853 (UNSTARRED), answered on 2018-08-03
Subject: Destruction of Natural Resources
Ministry: ENVIRONMENT,  FORESTS AND CLIMATE CHANGE
Asked by: JUGAL KISHORE SHARMA

## GOVERNMENT OF INDIA MINISTRY OF ENVIRONMENT, FOREST AND CLIMATE CHANGE

## LOK SABHA UNSTARRED QUESTION NO. 2853

TO BE ANSWERED ON 03.08.2018

## Destruction of Natural Resources

## 2853. SHRI JUGAL KISHORE:

Will the Minister of ENVIRONMENT, FOREST AND CLIMATE CHANGE be pleased to state:

- (a) the steps taken by the Union Government against chemical industries destroying the natural  resources  and  climate  of  the  naturally  blessed  Jammu  and  Kashmir  by emission  of  effluents  and  causing  changes  which  are  extremely  harmful  for  all organisms;
- (b) whether the Government has undertaken any review in this regard during the last five years;
- (c) if so, the details and outcome thereof; and
- (d) the future action plan prepared by the Government in this regard?

## ANSWER

## MINISTER  OF  STATE  IN  THE  MINISTRY  OF  ENVIRONMENT,  FOREST  AND CLIMATE CHANGE (DR. MAHESH SHARMA)

(a) to (d) The  Government  has  taken  several  steps  to  mitigate  industrial  pollution throughout the country, including Jammu & Kashmir, which include, inter alia , notification of industry specific environmental standards under the Environment (Protection) Act, 1986; issuance of  Consent to Establish/Consent to Operate to industries; monitoring compliance of notified industrial emission/ effluent standards and other operational activities; carrying  out surprise inspection of highly polluting large and medium units; directions for  installation of online  effluent/  emission  monitoring  systems  for  continuous  check  on  pollution  levels; revised  criteria  for  categorization  of  industries;  and  issuance  of  various  directions  under Water  (Prevention  and  Control  of  Pollution)  Act,  1974,  Air  (Prevention  and  Control  of Pollution)  Act,  1981  and  Environment  (Protection)  Act,  1986.  The  notified  environmental standards are enforced in Jammu & Kashmir by the State Pollution Control Board through consent mechanism and regular monitoring.

Central  Pollution  Control  Board  (CPCB)  from  time  to  time  reviews  and  compiles information about the industries in various States and Union Territories in collaboration with the  State  Pollution  Control  Boards.  As  per  information  provided  by  CPCB,  no  major chemical industry like oil refinery, petrochemicals and chlor-alkali are located in Jammu and Kashmir. However, there are 55 highly polluting industries (17 category of industries) in the State, out of which 52 industries are complying and 3 industries are non-complying with the environmental standards. Show-cause notices have been issued to all the three non-complying industries.

*****
Lok Sabha Question No. 2852 (UNSTARRED), answered on 2018-08-03
Subject: Awareness about Breastfeeding
Ministry: HEALTH AND FAMILY WELFARE
Asked by: JAYADEV GALLA

## GOVERNMENT OF INDIA MINISTRY OF HEALTH AND FAMILY WELFARE DEPARTMENT OF HEALTH AND FAMILY WELFARE

LOK SABHA UNSTARRED QUEST ION NO. 2852 TO BE ANSWERED ON  3 RD AUGUST, 2018

## AWARENESS ABOUT BREA STFEEDING

## 2852. SHRI JAYADEV GALLA:

Will the Minister of HEALTH AND FAMILY WELFARE be pleased to state:

(a) whether as per UNICEF, WHO and Global Breastfeeding Collective, less than 50 per cent children in India are breastfed within one hour of birth;

- (b) whether early breastfeeding will prevent death of nearly 1 lakh children every year due to diarrhoea and pneumonia and if so, the details thereof; and
- (c) whether the Government has launched any programmes/schemes to increase awareness abou the importance of breastfeeding among women in the country and if so, the details thereof?

## ANSWER THE MINISTER OF STATE IN THE MINISTRY OF HEALTH AND FAMILY WELFARE (SHRI ASHWINI KUMAR CHOUBEY)

- ( a): As  per  National  Family  Health  Survey  (NFHS - 4),  41.6%  of  children in  India  are breastfed within one hour of birth.
- (b) : As per Child Health Epidemiology Research Group  (CHERG) report 2010, 18% of the under five deaths are attributed to pneumonia and 15% of under five deaths are attrib diarrhoea.
- A ppropriate breastfeeding practices can prevent nearly half of diarrhoea episodes and a third of respiratory infections among children.
- (c ): MoHFW has implemented a nationwide programme called  'MAA -Mother's  Absolute Affection'  for  improving  breastfeeding  practices  across  the  country  through  skill  buil health  care  providers  with  special  focus  on  delivery  points.  ASHA  has  been  incentivize reaching  out  to  pregnant  and  lactating  mothers  and  provide  information  on  benefits techniques  of  successful  breastfeeding  during  mothers'  meetings  at  village  lev el. For creating mass awareness on breastfeeding, prototypes for IEC/ BCC materials have been developed MoHFW and shared with States/ UTs.

………………
Lok Sabha Question No. 2850 (UNSTARRED), answered on 2018-08-03
Subject: Taxes on Gift Items
Ministry: WOMEN AND CHILD DEVELOPMENT
Asked by: NAGARAJAN P.

## GOVERNMENT OF INDIA MINISTRY OF WOMEN AND CHILD DEVELOPMENT

## LOK SABHA

## UN-STARRED QUESTION NO. 2850

TO BE ANSWERED ON 03.08.2018

## TAXES ON GIFT ITEMS

## 2850.   SHRI P. NAGARAJAN:

Will the Minister of WOMEN AND CHILD DEVELOPMENT be pleased to state:

- a) whether the Ministry has urged the Ministry of Finance not to levy taxes on the gift items presented to one's wife and daughter-in-law;
- b) if so, the details thereof; and
- c) the response of the Ministry of Finance thereto?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF WOMEN AND CHILD DEVELOPMENT (DR. VIRENDRA KUMAR)

- (a) to (c):  As informed by the Central Board of Direct Tax (CBDT), Department of Revenue, under the existing provisions of the Income Tax Act,1961, any sum of money received by a person  without  consideration  is  liable  for  taxation  if  the  aggregate  value  of  such  sum exceeds  Rs.50,000.  Similar  provisions  exist  for  taxation  of  receipt  of  an  immovable property or specified property without consideration or inadequate consideration. However, these  provisions  are  not  applicable  to  receipts  of  any  sum/  immovable  property/specified property by an individual from following relatives: 
- (i) spouse of the individual;
- (ii) brother or sister of the individual;
- (iii) brother or sister of the spouse of the individual;
- (iv) brother or sister of either of the parents of the individual;
- (v) any lineal ascendant or descendant of the individual;
- (vi) any lineal ascendant or descendant of the spouse of the individual;
- (vii) spouse of the person referred to in (ii) to (vi) above.

Therefore,  receipt  by  women  of  any  sum/immovable  property/specified  property without/inadequate  consideration  from  the  relatives  under  the  existing  provisions  of  the Income tax Act, 1961 are not taxable.

- *****
Lok Sabha Question No. 2848 (UNSTARRED), answered on 2018-08-03
Subject: Amendment in Prohibition of Child Marriage Act
Ministry: WOMEN AND CHILD DEVELOPMENT
Asked by: P.K.SREEMATHI TEACHER

## GOVERNMENT OF INDIA MINISTRY OF WOMEN AND CHILD DEVELOPMENT

## LOK SABHA UN-STARRED QUESTION NO.2848

TO BE ANSWERED ON 03.08.2018

## AMENDMENT IN PROHIBITION OF CHILD MARRIAGE ACT

2848.   SHRIMATI P.K. SREEMATHI TEACHER:

Will the Minister of WOMEN AND CHILD DEVELOPMENT be pleased to state:

- (a) whether the Government proposes to amend 'The Prohibition of Child Marriage Act, 2006';
- (b) if so, the details and the salient features thereof; and
- (c) the  present  status  of  the  proposal  along  with  the  time  by  which  the  proposed amendment is likely to be enacted?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF WOMEN AND CHILD DEVELOPMENT (DR. VIRENDRA KUMAR)

- (a) to (c) : Yes, Madam. The Government of India proposes to amend 'The Prohibition of  Child  Marriage  Act,  2006'.  The  proposed  amendments  would  declare  child marriage  void ab  initio instead  of  being  voidable  at  the  option  of  the  contracting parties who were child at the time of marriage. The proposal is in process of interministerial consultations.

*****
Lok Sabha Question No. 2846 (UNSTARRED), answered on 2018-08-03
Subject: Universal Basic Income Programme
Ministry: FINANCE
Asked by: POONAM  MAHAJAN

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF ECONOMIC AFFAIRS

## LOK SABHA UNSTARRED QUESTION NO. 2846

TO BE ANSWERED ON 03 AUGUST, 2018

## UNIVERSAL BASIC INCOME PROGRAMME

2846. SHRIMATI POONAM MAHAJAN:

Will the Minister of FINANCE be pleased to state:

- (a) whether the Government plans to provide Universal Basic Income programme with the objective of avoiding inefficiency and wastage associated with subsidies and poverty alleviation;
- (b) if so, the details thereof including the salient features and advantages of Universal Basic Income and the fiscal implications arising out of implementation of Universal Basic Income;
- (c) whether the Government has ascertained the views of State/UTs regarding the implementation of Universal Basic Income in the country and if so, the details thereof, State/UT-wise; and
- (d) the timeframe by which the Government proposes to implement Universal Basic Income?

## ANSWER

MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PON RADHAKRISHNAN)

- (a)  to  (b)  No,  Madam.  The  Government  does  not  plan  to  provide  Universal  Basic Income Programme.
- (c) to (d) Does not arise.

*****
Lok Sabha Question No. 2843 (UNSTARRED), answered on 2018-08-03
Subject: Special Package to Odisha
Ministry: FINANCE
Asked by: RITA TARAI

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF EXPENDITURE

## LOK SABHA UNSTARRED QUESTION NO. 2843

TO BE ANSWERED Friday, August 3, 2018/Shravana 12, 1940 (Saka)

## Special Package to Odisha

## 2843. SHRIMATI  RITA TARAI:

Will the Minister of FINANCE be pleased to state:-

(a) whether the Union Government  appreciating the genuine concerns of the State Government  and  keeping  in  view  the  developmental  needs  of  the  most  vulnerable  and backward  Regions  of  Odisha  provide  a  special  package  to  the  State  for  continuation  of programmes/schemes from the budget provision available with NITI Aayog; and

(b) if so, the details thereof?

## MINISTER OF STATE FOR FINANCE (SHRI P. RADHAKRISHNAN)

(a) & (b): NITI Aayog does not have any budgetary provision for providing special package to any State.  However, Rs.1,250 crore (Rs.250 crore per annum) as approved by the CCEA for Special Plan for KBK Districts of Odisha for entire 12 th Plan period had been disbursed to the State of Odisha. With the increase in the share of tax devolution from 32% to 42%, the State Government may plan and execute development programs as per local felt needs.

*******

## ANSWER
Lok Sabha Question No. 2841 (UNSTARRED), answered on 2018-08-03
Subject: Funds for Anganwadi Centres
Ministry: WOMEN AND CHILD DEVELOPMENT
Asked by: KAMLA DEVI PATLE

## GOVERNMENT OF INDIA MINISTRY OF WOMEN AND CHILD DEVELOPMENT

## LOK SABHA

## UNSTARRED QUESTION NO.2841 TO BE ANSWERED ON 03.08.2018

## FUNDS FOR ANGANWADI CENTRES

## 2841: SHRIMATI KAMLA DEVI PAATLE:

Will the Minister of WOMEN AND CHILD DEVELOPMENT be pleased to state:

- (a) whether the Government has made any provision of funds for providing medicine kit, utensils,  furniture  and  other  items  in  each  Anganwadi  centre  and  if  so,  the  details thereof;
- (b) whether the funds being provided for the purpose are sufficient; and
- (c) if not, the steps taken by the Government to enhance the allocation of funds for the purpose?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF  WOMEN AND CHILD DEVELOPMENT (DR. VIRENDRA KUMAR)

- (a) :  Yes,  Madam.  The  Government  has  made  provision  for  providing  medicine  kit @Rs.1500/- per Anganwadi Centre per annum and @Rs.750/- per Mini-Anganwadi Centre per annum. Other items such as utensils, furniture are being provided once in 5 years  @Rs.10,000/-  per  Anganwadi  Centre  and  @Rs.7000/-  per  Mini-Anganwadi Centre.
- (b) : Yes, Madam.
- (c) : Does not arise.

*********
Lok Sabha Question No. 2838 (UNSTARRED), answered on 2018-08-03
Subject: Public Participation in Banking
Ministry: FINANCE
Asked by: KUNWAR PUSHPENDRA SINGH CHANDEL

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA

## UNSTARRED QUESTION NO.2838

Public Participation in Banking

2838. SHRI KUNWAR PUSHPENDRA SINGH CHANDEL:

## QUESTION

Will the Minister of FINANCE be pleased to state:

(a) whether the Government has proposed a Central SchemelPolicy to ensure the participation of the public in the working of Banks; and

(b) if so, the details thereof during the last three years along with the number of participants Istakeholders, scheme; Statel UT-wise including Bundelkhand?

## ANSWER The Minister of State in the Ministry of Finance

## (Shri Shiv Pratap Shukla)

(a): The Reserve Bank of India (RBI) has informed that it had issued instructions to all Scheduled Commercial Banks   (excluding Regional Rural  Banks) to establish Customer Service Committees at branch level to  facilitate formal channel of communication between the customers and the bank As per RBIs instructions, the committee may study complaintslsuggestions, cases of difficulties facedlreported by customers, and evolve way and means of improving customer service\_ delay,

- (b): RBI has apprised that it does not have the requisite information:

*****
Lok Sabha Question No. 2836 (UNSTARRED), answered on 2018-08-03
Subject: World Economic Outlook
Ministry: FINANCE
Asked by: ADVOCATE NARENDRA KESHAV SAWAIKAR

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF ECONOMIC AFFAIRS

## LOK SABHA UNSTARRED QUESTION NO. 2836

TO BE ANSWERED ON AUGUST 03, 2018

## WORLD ECONOMIC OUTLOOK

2836. ADV. NARENDRA KESHAV SAWAIKAR:

Will the Minister of FINANCE be pleased to state:

- (a)  whether  International  Monetary  Fund's  latest  World  Economic  Outlook  update  has projected 7.8 per cent growth for India in 2018;
- (b) if so, the details thereof; and
- (c) the growth rate of India compared with other developing economies?

## ANSWER

MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PON RADHAKRISHNAN)

- (a)  &  (b)  According  to  the  latest  World  Economic  Outlook  (WEO)  Update  July  2018 published by International Monetary Fund (IMF), India's growth rate is expected to rise from 6.7 per cent in 2017 to 7.3 per cent in 2018 and 7.5 per cent in 2019.
- (c)  According  to  WEO  Update  July  2018,  the  growth  rate  of  India  and  some  other developing countries is given in the following table.

| Name of the Country   |   Growth projections in 2018 (Per cent) |
|-----------------------|-----------------------------------------|
| India                 |                                     7.3 |
| China                 |                                     6.6 |
| Brazil                |                                     1.8 |
| Mexico                |                                     2.3 |
| South Africa          |                                     1.5 |

Note: For  India,  data  on  forecast  are  presented  on  a  fiscal  year basis. Source: WEO Update July 2018.
Lok Sabha Question No. 2835 (UNSTARRED), answered on 2018-08-03
Subject: Interest Subsidy on Medium Term Converted Loan
Ministry: FINANCE
Asked by: ARJUNLAL MEENA

## भारत सरकार

## वित्त मंत्रालय

## वित्तीय सेवाएं विभाग

## लोक सभा अतारांकित प्रश् न संख्या 2835

(जिसका उत्तर 03 अगस्त, 2018/12 श्रावण,  1940 (शक) को दिया जाना है)

## मध्यम अवधि परिवर्तित  ऋण पर ब्याज राजसहायता

## 2835. श्री अर्जुन  लाल मीणाः

क्या  वित्त मंत्री यह बताने की कृपा करेंगे किः

- (क) क्या  सरकार का विचार लघु अवधि ऋणों की तर्ज  पर मध्यम अवधि परिवर्तित  ऋणों पर
- ब्याज  राजसहायता प्रदान करने का है;
- (ख) यदि हां, तो तत्संबंधी  ब्यौरा  क्या  है और इसे कब तक किए जाने की संभावना है; और
- (ग) यदि नहीं, तो इसके क्या  कारण हैं?

## उत्तर

## वित्त मंत्रालय में राज्य मंत्री (श्री शिव प्रताप शुक् ल)

(क) से (ग): 'प्राकृतिक आपदाओं से प्रभावित  क्षेत्रों में बैंकों द्वारा राहत उपाय' किए जाने के संबंध  में  भारतीय  रिजर्व बैंक  (आरबीआई)  द्वारा  बैंकों  को  जारी  मास्टर  निदेशों  के  अनुसार, प्राकृतिक  आपदा के घटित होने के समय बकाया ऋणों को छोड़कर सभी अल्पावधिक कृषि/फसल ऋण पुनर्संरचना  के लिए पात्र हैं।  प्राकृतिक आपदा के घटित होने वाले वर्ष  में पुनर्भुगतान  के लिए देय ब्याज के साथ-साथ अल्पावधि कृषि ऋण के मूलधन को सावधि ऋण में परिवर्तित

किया जाना है।

किसानों  को  7  प्रतिशत प्रतिवर्ष की कम ब्याज दर पर कृषि ऋण उपलब्ध कराने को ध्यान  में रखते हुए कृषि, सहकारिता एवं किसान कल्याण विभाग, भारत सरकार द्वारा 3.00 लाख रुपए तक के अल्पावधि फसल ऋणों के लिए ब्याज सहायता योजना कार्यान्वित की जाती है। इस योजना में बैंकों को अपने संसाधनों का उपयोग करने पर 2 प्रतिशत  की ब्याज  सहायता दी जाती है। इसके अलावा, ऋण का तत्परता  से पुनर्भुगतान  करने पर किसानों को 3 प्रतिशत का अतिरिक्त प्रोत्साहन दिया जाता है, जिससे ब्याज की प्रभावी  दर कम होकर 4 प्रतिशत  हो

जाती है।

प्राकृतिक आपदाओं से प्रभावित  किसानों को राहत प्रदान  करने के लिए उपर्युक् त ब्याज सहायता योजना के अंतर्गत,  पुनर्संरचित राशि पर प्रथम  वर्ष के लिए प्रति  वर्ष  2% की ब्याज सहायता उपलब्ध है। ऐसे पुनर्संरचित  ऋणों पर आरबीआई द्वारा निर्धारित  पॉलिसी के अनुसार दूसरे वर्ष से ब्याज की सामान्य दर लागू होगी।

*****
Lok Sabha Question No. 2833 (UNSTARRED), answered on 2018-08-03
Subject: Cutting of Forest Trees
Ministry: ENVIRONMENT,  FORESTS AND CLIMATE CHANGE
Asked by: RODMAL NAGAR

## GOVERNMENT OF INDIA MINISTRY OF ENVIRONMENT, FOREST AND CLIMATE CHANGE

## LOK SABHA

## UNSTARRED QUESTION No. 2833

TO BE ANSWERED ON 03.08.2018

## Cutting of Forest Trees

## 2833.  SHRI NAGAR RODMAL:

Will  the  Minister  of  ENVIRONMENT,  FOREST  AND  CLIMATE  CHANGE  be pleased  to state:

- (a) whether the Government has received complaints regarding cutting of forest trees;
- (b) if so, the details thereof and the action taken thereon;
- (c) whether  the  Government  proposes  to  enact  any  law  or  stringent  measure  to  check falling/cutting of forest trees; and
- (d) if so, the details thereof?

## ANSWER

## MINISTER  OF  STATE  IN  THE  MINISTRY  OF  ENVIRONMENT,  FOREST  AND CLIMATE CHANGE (DR. MAHESH SHARMA)

- (a) & (b)  The Ministry does receive complaints in this regard and the same are sent to the State Governments for further necessary actions under the provisions of the Indian Forest Act,  1927,  Wildlife  (Protection)  Act,  1972  and  State  Acts  to  deal  with  the  matters which falls under the jurisdiction of State Governments.
- (c) & (d)  No, Madam. The Government has no proposal to enact any law in the matter as there are already various legal provisions in this regard such as Indian Forest Act, 1927, Wildlife  (Protection)  Act,  1972,  Acts  of  respective  State/UT  Governments  and  the rules and regulations made thereunder.

*******
Lok Sabha Question No. 2831 (UNSTARRED), answered on 2018-08-03
Subject: Insolvency Process
Ministry: CORPORATE AFFAIRS
Asked by: C. N. JAYADEVAN

## GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS

LOK SABHA UNSTARRED QUESTION NO. 2831 ANSWERED ON FRIDAY, THE 3RD AUGUST, 2018 SHRAVANA 12, 1940 (SAKA)

## INSOLVENCY PROCESS

2831. SHRI C.N. JAYADEVAN:

Will the Minister of CORPORATE AFFAIRS

be pleased to state:

- (a) whether  under  the  insolvency  process  the  Government  has  allowed  the lenders to accept Rs. 5,050 crore offer from a prominent bidder with regard to one of the bankrupt textile companies after taking a deep haircut of 83 percent of lenders claim amounting to Rs. 29,500 crore; and
- (b) If so, the details thereof?

## ANSWER

THE MINISTER OF STATE FOR LAW                                    (SHRI P.P. CHAUDHARY) AND JUSTICE AND CORPORATE AFFAIRS विवि और न्याय एिं कॉरपोरेट कायय मंत्रालय में राज्य मंत्री ( श्री पी . पी . चौिरी )

- (a) & (b)

No  Madam.    The  Government  does  not  play  any  role  in  Corporate Insolvency  Resolution  Process  (CIRP) of  a  Corporate  Debtor  under provisions  of  Insolvency  and  Bankruptcy  Code,  2016  (Code).    CIRP  is  a market  determined  process  of  resolution  of  insolvency  of  a  corporate debtor.  All  commercial  decisions  are  to  be  taken  by  Committee  of Creditors (CoC). The CoC approves a resolution plan for further approval by the Adjudicating Authority subject to its satisfaction that the provisions of the Code have been complied with.

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कारपोरेट कार्य मंत्री
Lok Sabha Question No. 2830 (UNSTARRED), answered on 2018-08-03
Subject: World Bank Loans
Ministry: FINANCE
Asked by: BHAIRON PRASAD MISHRA

## LOK SABHA UNSTARRED QUESTION NO. 2830

## TO BE ANSWERED ON Friday, August 3, 2018/Shravana 12, 1940 (Saka)

## World Bank Loans

## QUESTION

## 2830. SHRI BHAIRON PRASAD MISHRA:

Will the Minister of FINANCE be pleased to state:

- (a) whether the Government has made repayment of World Bank loans borrowed by the previous Government to some extent So that the annual interest liability being every year is reduced: and paid
- (b) if the details of the repayment amount of said loans and the extent and nature of benefits occurred therefor; year-wise? SO.

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PON RADHAKRISHNAN)

- (a) and (b): The World Bank loans are repaid as per terms and conditions of the loan agreements. These loans are taken to partly finance projects in various sectors aimed at sustainable growth and reduction of poverty and inequality. The details of repayment of World Bank loans borrowed (withdrawn) by the previous Government (May 2009 April 2014) are as under:

| Financial Year        | Repayment of World Bank loans   |
|-----------------------|---------------------------------|
| 2014 March 2015 May   | 708.44                          |
| April 2015 March 2016 | 931.68                          |
| April 2016 March 2017 | 1.133.41                        |
| April 2017 March 2018 | 1,294.12                        |
| April 2018 July 2018  | 416.95                          |

Note: Figures are in US Dollar million