Auction for Sale (Re-Issue) of Government Stocks

Auction for Sale (Re-Issue) of Government Stocks 

                The Government of India have announced the Sale (re-issue) of (i) “7.68 per cent Government Stock 2023” for a notified amount of Rs. 2,000 crore (nominal) through price based auction, (ii)“7.72 per cent Government Stock 2025” for a notified amount of  Rs. 6,000 crore (nominal) through price based auction,  (iii) “8.24 per cent Government Stock  2033” for a notified amount of Rs.3,000 crore (nominal) through price based auction,  and (iv) “8.13 per cent Government Stock 2045” for a notified amount of Rs.3,000 crore (nominal) through price based auction. The auctions will be conducted using multiple price method. The auctions will be conducted by the Reserve Bank of India (RBI), Mumbai Office, Fort, Mumbai on September 11, 2015 (Friday).


  Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.

  Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on September 11, 2015. The non-competitive bids should be submitted between 10.30 a.m. and 11.30 a.m. and the competitive bids should be submitted between 10.30 a.m. and 12.00 noon.   

   The result of the auctions will be announced on September 11, 2015 and payment by successful bidders will be September 14, 2015 (Monday).   

   The Stocks will be eligible for “When Issued” trading in accordance with the guidelines on ‘When Issued transactions in Central Government Securities’ issued by the Reserve Bank of India (RBI), vide circular No. RBI/2006-07/178 dated November 16, 2006 as amended from time to time.
  
Department Of Economic Affairs, Ministry of Finance, Government of India
North Block, New Delhi-110001

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Finance Secretary holds a review meeting with the Secretaries and Chief Economic Adviser of the Ministry of Finance: Takes Stock of work in progress and Pending Policy Issues; 

Also reviews issues relating to Budgetary Exercise for the General Budget 2016-17 

The Finance Secretary Shri Ratan P. Watal held a coordination cum review meeting with the Secretaries and Chief Economic Adviser of the Ministry of Finance here today. The Finance Secretary took stock of the work in progress and discussed pending policy issues in different Departments of the Ministry. He called for expeditious action in such matters. This was the First Meeting taken by Shri Watal after becoming the Finance Secretary at the beginning of this month. 

The aforesaid meeting also discussed issues relating to better coordination among all the Departments of the Ministry especially in view of Budgetary exercise which has already started. Such Meetings will be now held on regular basis and to begin with, on weekly basis. The meeting was attended among others by Shri Shaktikanta Das, Secretary (DEA), Dr. Hasmukh Adhia, Revenue Secretary, Ms. Anjuly Chib Duggal, Secretary (DFS), Ms. Aradhana Johri, Secretary (Disinvestment) and Dr. Arvind Subramanian, Chief Economic Adviser (CEA).