Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
News

Home News News and Press Release Month 3 2011 2011 (3) This

Calendar for Auction of Government of India Treasury Bills Forthe Quarter April 2011 - June 2011

25-3-2011
  • Contents

On a review of the cash position of the Government of India, the Government of India, in consultation with the Reserve Bank of India (RBI), has decided to notify amounts for the issuance of Treasury Bills for the first quarter ending June 2011. The notified amounts for the auction of the Treasury Bills for the period April 1, 2011 to June 30, 2011 are given below:

 

Notified amount for auction of Treasury Bills

(April 1, 2011 to June 30, 2011)

                                                                                                               (Rs. Crore)

Date of Auction

91 Days

182 Days

364 Days

Total

   6-April-11

4,000

 

2,000

6,000

  13-April-11

4,000

2,000

 

6,000

20- April -11

4,000

 

2,000

6,000

27- April -11

4,000

2,000

 

6,000

   4- May-11

5,000

 

2,000

7,000

  11-May-11

5,000

2,000

 

7,000

 18-May-11

5,000

 

2,000

7,000

 25-May-11

5,000

2,000

 

7,000

  1-June-11

5,000

 

2,000

7,000

  8-June-11

5,000

2,000

 

7,000

15-June-11

5,000

 

2,000

7,000

22-June-11

5,000

2,000

 

7,000

29-June-11

6,000

 

2,000

8,000

Total

62,000

12,000

14,000

88,000

 

            The Government of India/ Reserve Bank of India (RBI) will continue to have the flexibility to modify the notified amount and timing for auction of Treasury Bills keeping in view the emerging requirements of the Government, market conditions and other relevant factors. The calendar is thus subject to change, if circumstances so warrant, including for reasons, such as, intervening holidays. Such changes, if any, will be communicated through regular press releases from time to time..

 

            The auction of Treasury Bills will be subject to the terms and conditions specified in the General Notification No. F 2(12)-W&M/97, dated March 31, 1998 issued by the Government of India, as amended from time to time.

Quick Updates:Latest Updates