Chief Ministers & Governors of Indian States

S. NO. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Name of States Andaman & Nicobar Andhra Pradesh Arunachal Pradesh Assam Bihar Chandigarh Chhattisgarh Goa Gujarat Haryana Himachal Pradesh Jammu Kashmir Jharkhand Karnataka Kerala Madhya Pradesh Maharashtra Manipur Meghalaya Mizoram Nagaland New Delhi Orissa Puducherry Punjab Dr. Raman Singh Shri Manohar Parrikar Shri Narendra Modi Shri Bhupinder Singh Hooda Chief Minister Governor Lt. Gen. (Retd.) Bhopinder Singh, PVSM, AVSM Nallari Kiran Kumar Reddy Shri. E. S. L. Narasimhan Nabam Tuki Shri Tarun Gogoi Shri Nitish Kumar General (Rtd.) J.J. Singh Shri. Janaki Ballav Pattanaik Sh Devanand Konwar Shri Shivraj V. Patil Shri Shekhar Dutt Shri BV Wanchoo Dr. Kamla Beniwal Shri Jagannath Pahadia

Prof. Prem Kumar Dhumal Urmila Singh Omar Abdullah Arjun Munda Shri Jagadish Shettar Shri Oommen Chandy Shri Shivraj Singh Chouhan Shri Prithviraj Chavan Shri Okram Ibobi Singh Mukul Sangma Lal Thanhawla Shri Neiphiu Rio Smt Sheila Dikshit Sh. Naveen Patnaik Shri N. Rangasamy Shri Parkash Singh Badal Sh. N. N. Vohra Dr. Syed Ahmed Shri H R Bhardwaj Shri H R Bharadwaj Ram Naresh Yadav K. Sankaranarayanan Sh. Gurbachan Jagat Sh. Ranjit Shekhar Mooshahary Shri Vakkom Purushothaman Shri Nikhil Kumar Mr. Tejendra Khanna Shri Murlidhar Chandrakant Bhandare Sh. Iqbal Singh Shri Shivraj Patil

26 27 28 29 30 31 32 33 34 35

Rajasthan Sikkim Tamil Nadu Tripura Uttar Pradesh Uttarakhand West Bengal Dadra and Nagar Haveli Daman and Diu Lakshadweep

Shri Ashok Gehlot Shri Pawan Chamling Sushree J. Jayalalithaa Shri Manik Sarkar Akhilesh Yadav Vijay Bahuguna Km. Mamata Banerjee U.T. U.T. Shri B V Selvarj (Administrator)

Smt. Margaret Alva Sh. Balmiki Prasad Singh Konijeti Rosaiah Dr. D Y Patil Shri B L Joshi Aziz Qureshi Shri M. K Narayanan Shri Narendra Kumar Shri Narendra Kumar Shri Amar Nath

Prime Minister and Council of Ministers - India

Serial Number 1 Portfolio Prime Minister and also In-Charge of the Ministries/Departments viz: Ministry of Personnel, Public Grievances and Pensions Ministry of Planning Department of Atomic Energy Department of Space Minister of Finance 3 4 5 Minister of Agriculture and Food Processing Industries Minister of Defence Minister of Home Affairs Shri Sharad Pawar Shri A.K. Antony Shri P. Chidambaram Name of Minister

Dr. Manmohan Singh

6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21

Minister of Railways Minister of External Affairs Minister of Micro, Small and Medium Enterprises Minister of Earth Sciences Minister of Science and Technology Minister of Health and Family Welfare Minister of Power Minister of Corporate Affairs Minister of New and Renewable Energy Minister of Petroleum and Natural Gas Minister of Urban Development Minister of Overseas Indian Affairs Ministry of Steel Minister of Drinking Water and Sanitation Minister of Rural Development Minister of Information and Broadcasting Minister of Labour and Employment Minister of Human Resource Development, Minister of Communications and Information Technology Minister of Textiles Minister of Commerce and Industry Minister of Road Transport and Highways Minister of Housing and Urban Poverty Alleviation and Minister of Culture Minister of Tourism Minister of Shipping Minister of Water Resources and Minister of Parliamentary Affairs Minister of Panchayati Raj and Minister of Tribal Affairs Minister of Chemicals and Fertilizers Ministry of Coal Minister of Minority Affairs and Minister of Law and Justice

Shri Dinesh Trivedi Shri S.M. Krishna Shri Virbhadra Singh Shri Vilasrao Deshmukh Shri Ghulam Nabi Azad Shri Sushil Kumar Shinde Shri M. Veerappa Moily Dr. Farooq Abdullah Shri S. Jaipal Reddy Shri Kamal Nath Shri Vayalar Ravi Shri Beni Prasad Verma Shri. Jairam Ramesh Smt. Ambika Soni Shri Mallikarjun Kharge Shri Kapil Sibal

22 23 25 26 27 28

Shri Anand Sharma Shri C.P. Joshi Kum. Selja Shri Subodh Kant Sahay Shri G.K. Vasan Shri Pawan K. Bansal Shri V. Kishore Chandra Deo Shri M.K. Alagiri Shri Sriprakash Jaiswal Shri Salman Khursheed

29 30 31 32

33 346

Ministry of Heavy Industries & Public Enterprises Minister of Civil Aviation Ministers of State with Independent Charge

Shri Praful Patel Shri Ajit Singh

1 3 4 5 6 7 8

Ministry of Consumer Affairs, Food & Public Distribution Ministry of Women & Child Development Ministry of Environment & Forests Ministry of Youth Affairs & Sports Ministry of Chemicals and Fertilizers and Ministry of Statistics and Programme Implementation Ministry of Mines Ministry of Parliamentary Affairs Ministry of Development of North Eastern Region Ministers of State

Professor K.V. Thomas Smt. Krishna Tirath Smt. Jayanthi Natarajan Shri Ajay Maken Shri Srikant Kumar Jena Shri Dinsha J. Patel Shri Paban Singh Ghatowar

Ministry of Human Resource Development Ministry of External Affairs Ministry of Home Affairs Ministry of Personnel, Public Grievances and Pensions and Prime Minister's Office Ministry of Commerce and Industry Ministry of Human Resource Development Ministry of Railways Ministry of Home Affairs Ministry of Textiles Ministry of Finance Ministry of Defence Ministry of Urban Development Ministry of Finance Ministry of Road Transport & Highways Ministry of External Affairs Ministry of Agriculture

Shri E. Ahamed Shri Ramachandran Mullappally Shri V. Narayansamy Shri Jyotiraditya Scindia Smt. D. Purandeswari Shri K.H. Muniyappa Shri Jitendra Singh Smt. Panabaka Lakshmi Shri Namo Narain Meena Shri M.M. Pallam Raju Shri Saugata Ray Shri S.S. Palanimanickam Shri Jitin Prasad Smt. Preneet Kaur

3 4 5 6 7 8 9 10 11 12 13 14

15

Ministry of Parliamentary Affairs Ministry of Food Processing Industries

Shri Harish Rawat

16 17 18 19 20 21 22 23 24 25 26 27 28 29

Ministry of Railways Ministry of Tribal Affairs Ministry of Health and Family Welfare Ministry of Rural Development Ministry of Tourism Ministry of Shipping Ministry of Information and Broadcasting Ministry of Social Justice and Empowerment Ministry of Health and Family Welfare Ministry of Communications and Information Technology Ministry of Information and Broadcasting Ministry of Road Transport and Highways Ministry of Power Ministry of Coal Ministry of Minority Affairs Ministry of Water Resources Ministry of Rural Development Ministry of Rural Development Ministry of Parliamentary Affairs Ministry of Food Processing Industries

Shri Bharatsinh Solanki Shri Mahadeo Singh Khandela Shri S. Gandhiselvan Shri Sisir Adhikari Shri Sultan Ahmed Shri Mukul Roy Shri Choudhury Mohan Jatua Shri D. Napoleon Shri Sudip Bandyopadhyay Shri Sachin Pilot Dr. S. Jagathrakshakan Shri Tusharbhai Chaudhary Shri K. C. Venugopal Shri Pratik Prakashbapu Patil Shri Vincent Pala Shri Pradeep Kumar Jain Aditya Ms. Agatha Sangma Shri Rajeev Shukla

30

31 32 33

34

Ministry of Agriculture and Ministry of Food Processing Industries

Shri Charan Das Mahant

35

Ministry of Corporate Affairs Ministry of Petroleum and Natural Gas Ministry of Science and Technology

Shri Ratanjit Pratap Narain Singh

36

Ministry of Planning Ministry of Earth Sciences

Shri Ashwani Kumar

37

Shri Ashwani Kumar

Shri Milind Murli Deora

Definition of 'Fiscal Deficit'

When a government's total expenditures exceed the revenue that it generates (excluding money from borrowings). Deficit differs from debt, which is an accumulation of yearly deficits.

What is Treasury Bills? Answer it is short term money market # 2 instrument which is issued by

the govt at discunted value .it means it will issue a 500 rs worth of bill at 410 rs like that .after at the maturity date it will pay rs 500. to holder of bill.

What is Treasury Bills? Answer it is a govt security with a tenor # 6 of less than one year

normally of 91 days, 182days and 364 days. 14days T-bills also exists. It is issued at a discount and redeemed at face value. The purpose of T-bills are to manage short trem liquidity of Govt.

Bonds

individuals have surplus funds in the form of savings which they want to invest. Companies need funds to undertake good projects with high returns. Companies provide individuals with instruments to invest their savings in.

One such instrument is corporate bonds. Similarly, governments also need funds for various developmental projects. Further, the government also needs to raise money to finance the fiscal deficit. They too tap the savings by issuing various kinds of bonds. Characteristics of a bond A bond, whether issued by a government or a corporation, has a specific maturity date, which can range from a few days to 20-30 years or even more. Based on the maturity period, bonds are referred to as bills or short-term bonds and long-term bonds. Bonds have a fixed face value, which is the amount to be returned to the investor upon maturity of the bond. During this period, the investors receive a regular payment of interest, semi-annually or annually, which is calculated as a certain percentage of the face value and know as a 'coupon payment.' A story goes that in the old days, bond certificates used to come with coupons to claim interest from the issuer of the bond; hence, the name coupon payments. However, nowadays, with paperless issues of scrips (demat), coupons are no longer in use, but the name has stuck and the interest payments are still known as coupon payments. Issuing a bond The government, public sector units and corporates are the dominant issuers in the bond market. The central government raises funds through the issue of dated securities (securities with maturity period ranging from two years to 30 years, long-term) and treasury bills (securities with maturity periods of 91 or 364 days, short-term). The central government securities are issued for a minimum amount of Rs 10, 000 (face value). Thereafter they are issued in multiples of Rs 10,000. They are issued through an auction carried out by the Reserve Bank of India [ Get Quote ]. State governments go about raising money through state development loans. Local bodies of various states like municipalities also tap the bond market from time to time. Bonds are also issued by public sector banks and PSUs. Corporates on the other hands raise funds by issuing commercial paper (shortterm) and bonds (long-term). Bonds can be issued at par, which means that the price at which one unit of the bond is being sold is same as the face value. Alternatively, they can be issued at a discount (less than the face value) or a premium (more than the face value).

For example, a bond with a face value of Rs 100, if issued at Rs 100, is said to be issued at par. If it is issued at, say, Rs 95, it will be said to have been issued at a discount and conversely, if issued for, say, Rs 110, at a premium. Investors Banks are the largest investors in the bond market. In the low-interest scenario that prevailed, it made more sense for banks to invest in government bonds than to give out loans. Mutual funds, in order capitalise on low interest rates, started a good number of debt funds that mobilised a significant amount of money from the investors. Thus, mutual funds emerged as important players in the bond markets. However, in the recent past with the interest rates on their way up, the performance of debt funds has not been good and so the presence of mutual funds in the bond market has been limited. Foreign institutional investors are also allowed to invest in the bond market, though within certain limits. Also, regulations mandate provident funds and pension funds to invest a significant proportion of their funds mobilised in government securities and PSU bonds. Hence, they continue to remain large investors in the bond market in India. The same holds true for charitable institutions, societies and trusts. Since January 2002, individuals categorised by RBI as retail investors can participate in the auction carried out by RBI. They can submit bids through banks or primary dealers to invest in these securities on a non-competitive basis. The minimum bid has to be for an amount of Rs 10,000 (and there on in multiples of Rs 10,000) and a single bid cannot exceed Rs 1 crore (Rs 10 million).