What has the Government of India announced regarding

Solution

The Government of India (GoI) has announced the sale (re-issue) of three government securities: (i) "7.33% Government Security 2026" for a notified amount of ₹6,000 crore (nominal) (ii) "7.23% Government Security 2039" for a notified amount of ₹10,000 crore (nominal) (iii) "7.34% Government Security 2064" for a notified amount of ₹12,000 crore (nominal) These securities will be sold through price-based auction using the multiple price method. Additionally, the GoI will have the option to retain additional subscription up to ₹2,000 crore against each security. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on May 03, 2024.