Specified secured redeemable non convertible debentures designated for tax recognition, interest payable half yearly by a public sector issuer. Central Government specifies 5 year, 16% secured, redeemable, non convertible taxable debentures (VI Issue, I Series) of Rs.100,000 each, with interest at 16% per annum payable half yearly, issued by Steel Authority of India Limited in a specified aggregate amount and bearing distinctive numbers K 1 to K 20000, for the purposes of clause (ii) of sub section (1) of section 80L of the Income tax Act.