The Government of India have announced the (i) sale of a new “seven year Government Stock” for a notified amount of `. 4,000 crore (nominal) through a yield  based auction  (ii) sale of a new “Ten year Government Stock” for a notified amount of ` 5,000 crore (nominal) through a yield  based auction  and  (iii) sale (re-issue) of “8.30 percent Government Stock 2040” for a notified amount of ` 3,000 crore (nominal) through a price based auction. All the auctions will be conducted using uniform price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on April 8, 2011 (Friday).

Rural Planning and Credit Department has started functioning from today at the Reserve Bank of India office, Panaji. The Department, among other things, undertake financial inclusion and financial literacy initiatives as also look after implementation and monitoring of the Lead Bank Scheme. Its functional jurisdiction will cover the State of Goa. The address and contact details of the department are :

The Reserve Bank of India has announced the auction of 364-day Government of India Treasury Bills for notified amount of `2,000 crore. The auction will be conducted on April 6, 2011 using "Multiple Price Auction" method. The allocation to the non-competitive bidders will be outside the notified amount at the discretion of the Bank. The sale will be subject to the terms and conditions specified in the General Notification No. F.2 (12)-W & M/97 dated 31st March, 1998 issued by Government of India and as amended from time to time.

The Reserve Bank of India has announced the auction of 91-day Government of India Treasury Bills for notified amount of `.4,000 crore. The auction will be conducted on April 6, 2011 using "Multiple Price Auction" method. The allocation to the non-competitive bidders will be outside the notified amount at the discretion of the Bank. The sale will be subject to the terms and conditions specified in the General Notification No. F.2 (12)-W & M/97 dated 31st March, 1998 issued by Government of India and as amended from time to time.

The Governments of India have repurchased the Fertilizer Bonds issued to various Fertilizer Companies amounting ` 5762.98 crore (face value) in the first tranche held on March 31, 2011. The security-wise details of the repurchase are given as under: