Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: empanelment :: VAT RATES :: cpt :: due date for vat payment :: list of goods taxed at 4% :: articles on VAT and GST in India :: TDS :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4%
 
 
Latest Circulars »
 Requirement of customer due diligence and need for maintenance of records
 Card Not Present transactions – Relaxation in Additional Factor of Authentication for payments upto ₹ 2000/- for card network provided authentication solutions
 Auction of Government of India Dated Securities December 05, 2016
 Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on December 05, 2016)
 RBI-Investment under PIS in M/s Laurus Labs Limited by FIIs/FPIs upto 49 per cent and NRIs upto 24 per cent
 RBI-Issuance of 35 days Cash Management Bills under Market Stabilisation Scheme (MSS)
 RBI-Information from Unauthenticated Sources – Advisory to banks
 RBI-Aadhaar-based Authentication for Card Present Transactions
 RBI-External Commercial Borrowings (ECB)
 Issuance of 28 days Cash Management Bills under Market Stabilisation Scheme (MSS)
 Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on November 30, 2016)

RBI announces 28-Day Variable Rate Repo Auction and OMO Purchase of Government of India Dated Securities
December, 08th 2015

Based on the current assessment of prevailing and evolving liquidity conditions, the Reserve Bank of India (RBI) has decided to conduct the following operations:

  1. 28-day variable rate repo auction for a notified amount of ₹ 250 billion on December 4, 2015 (Friday). The auction will be conducted between 12.30 p.m. and 1.00 p.m. as per the revised guidelines on Term Repo Auctions issued on February 13, 2014. Successful bidders will get the allotment at their respective bid rates. Bids at or below the repo rate will be rejected. The reversal of the 28-day variable rate repo will take place on January 1, 2016 (Friday).

  2. Open Market Operations by purchasing the following government securities for an aggregate amount of ₹ 100 billion on December 7, 2015 (Monday) through auction using the multiple price method:

Sr. No Security Date of Maturity
1 7.83% GS 2018 11-Apr-2018
2 7.28% GS 2019 3-Jun-2019
3 8.40% GS 2024 28-Jul-2024
4 7.88% GS 2030 19-Mar-2030

The overall aggregate ceiling of ₹100 billion applies to all the securities in the basket put together. There is no security-wise notified amount.

The Reserve Bank reserves the right to:

• decide on the quantum of purchase of individual securities.

• accept less than the aggregate amount of ₹100 billion.

• purchase marginally higher than the aggregate amount due to rounding effects.

• accept or reject any or all of the offers either wholly or partially without assigning any reason.

Eligible participants should submit their offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10.30 a.m. and 12.00 noon on December 7, 2015 (Monday). Only in the event of system failure, physical offers would be accepted. Such physical offer should be submitted to Financial Markets Operations Department (email: Phone no: 022-22630982) in the prescribed form obtainable from RBI website (www.rbi.org.in)

[ad}

The result of the auction will be announced on the same day and payment to successful offerers will be made during banking hours on December 8, 2015 (Tuesday). Successful offerers may note to make available the requisite amount of securities in their SGL account by 12 noon on December 8, 2015 (Tuesday).

Alpana Killawala
Principal Chief General Manager

Press Release : 2015-2016/1301

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Portal Design Website Design Portal Designing Website Designing Web Design Professional Portal Design Professional Website Design Professional Web Design Portal Design India Website Design India Portal Designing India Website Designing India Web Design India Professional Portal Design India Professional Website Design India Chicago Professional Web Design New York Professional Web Design California Website Design Florida Website Design New Jersey Website Design Britain UK Website Design London Manchester Website Design

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions