Section 1 : Preamble
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This Act is to clear the foreign debt.
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| Section 2 : Cancellation of debt 6.1
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[Instruction to ALL heads of Central, State and District Govt and Chairmen of GoI-owned units]
The Central, State and District Governments, and entities where ownership of Govts (District, State or Centre) exceed 51% will convert the debt denominated in any currency except Indian Rupee as per the rate given the RBI Governor. The RBI Governor will deposit the amount equal to the debt including the interest till date in the accounts of Govts, and the heads of Govts/PSU will repay the debt.
| 6.2
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All officers of Govt and PSUs will disown the debt in the foriegn currency.
| 6.3
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The Jurors will judge this Act, guidelines, intentions as well as the facts related to the case
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