Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: TDS :: VAT RATES :: articles on VAT and GST in India :: cpt :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company
Latest Circulars »
 Income Tax Appellate Tribunal, Hyderabad Benches, Hyderabad. Cause List Of Cases Posted Before A-Bench (Db ) - 26.03.2018 To 30.03.2018
 Important Aspects of Bank Audit (ACCOUNTING AND AUDITING)
 Basic Statistical Returns of Scheduled Commercial Banks in India - Volume 46, March 2017
 Implementation of UNSCR 2397 (2017), pertaining to Democratic People's Republic of Korea (DPRK)
  Meeting Schedule of the Monetary Policy Committee for 2018-19
  Meeting Schedule of the Monetary Policy Committee for 2018-19
 RBI to conduct Overnight and 6-day Variable Rate Reverse Repo auctions under LAF on March 22, 2018
 Meeting Schedule of the Monetary Policy Committee for 2018-19
  Sources of Variation in Foreign Exchange Reserves in India during April-December 2017
 RBI-Reporting and Accounting of Central Government Transactions of March 2018
  Sources of Variation in Foreign Exchange Reserves in India during April-December 2017

Government of India announce the sale of four dated securities for ₹16,000 crore on May 22, 2015
May, 20th 2015

The Government of India has announced the sale (new/re-issue) of four dated securities as per the following details:

Sr. No. Security Notified Amount
(₹ Crore)
Auction Date Settlement date
1. 7.68% GS 2023 3,000 May 22, 2015
May 25, 2015
2. New 10 year GS 9,000
3. 8.24% GS 2033 2,000
4. 8.17% GS 2044 2,000

Auction for the new security will be on yield based auction format whereas other securities will be offered through price based auction. The auctions will be conducted using multiple price method. 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 May 22, 2015. The non-competitive bids should be submitted between 10.30a.m. and 11.30a.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 May 22, 2015.

The stocks will qualify for the ready forward facility.

The underwriting of the Government Securities under auctions by the ‘Primary Dealers’ will be as per the “Revised Scheme of Underwriting Commitment and Liquidity Support” announced by the Reserve Bank vide circular RBI/2007-08/186 dated November 14, 2007. Bids for underwriting of the Additional Competitive Underwriting (ACU) portion can be submitted by ‘Primary Dealers’ from 10:30 AM up to 12.00 noon on May 21, 2015 (Thursday) on the Reserve Bank of India Core Banking Solution (E-Kuber) system.

The Stocks will be eligible for “When Issued” trading for a period commencing from May 19, 2015–May 22, 2015 in accordance with the guidelines on ‘When Issued transactions in Central Government Securities’ issued by the Reserve Bank of India vide circular No. RBI /2006-07/178 dated November 16, 2006 as amended from time to time.

The new 10 year stock will be reckoned as an eligible investment in Government Security by banks for SLR purpose under Section 24 of the Banking Regulation Act, 1949.

Ajit Prasad
Assistant General Manager

Press Release : 2014-2015/2443

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System development CMS development Content Management Solutions CMS Solutions Content Management Services CMS Services CMS Software

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