This notification, issued by the Ministry of Finance, Department of Economic Affairs, on January 8, 2016, announces the repurchase of 1.44 percent Inflation Indexed Government Stock 2023. The repurchase will be conducted through reverse auction by the Government of India, potentially in multiple tranches, using a multiple price auction method. The Reserve Bank of India will notify the date of repurchase settlement. The aggregate amount for the repurchase is set at ₹6,500 crore. Payments will be made by the Government of India from its cash balances maintained with the CAS, RBI, Nagpur, and will include accrued interest on successful bids. Upon repurchase, the Government Stocks will be prematurely redeemed, and interest accrual will cease. The Government Securities Act, 2006, and the Government Securities Regulations, 2007, along with earlier corresponding notifications, will govern any matters not explicitly addressed in this notification.
Key Entities Referenced
Inflation Indexed Government Stock2023: A type of government security issued by the Government of India.
Reserve Bank of India: The central bank of India, responsible for conducting the reverse auction for the repurchase of government stocks.
Government of India: The issuer of the policy document and the entity responsible for the repurchase of the government stocks.
Ministry of Finance: The ministry under which the Department of Economic Affairs and Budget Division operate, responsible for the notification.
Department of Economic Affairs: A department within the Ministry of Finance.
Budget Division: A division within the Department of Economic Affairs, responsible for issuing the notification.
Government Securities Act, 2006: An act governing government stock.
Government Securities Regulations, 2007: Regulations framed under the Government Securities Act, 2006.
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EXTRAORDINARY
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PART I—Section 1
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PUBLISHED BY AUTHORITY
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अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:1)द(cid:3)ली, 8 जनवरी, 2016
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भारत सरकार एत(cid:14)ारा 1.44 (cid:18)ितशत मु(cid:23)ा(cid:24)फ(cid:26)ित सचू कां(cid:1)कत सरकारी
(cid:24)टॉक- 2023 (यहां इसके बाद सरकारी (cid:24)टॉक कहा गया ह)ै क(cid:26) पुनः खरीद अिधसूिचत करती ह।ै
पपपपननुुननुु ःःःः खखखखररररीीीीदददद कककक(cid:14)(cid:14)(cid:14)(cid:14) पपपप####िििितततत
2. भारत सरकार -ारा सरकारी (cid:24)टॉक क(cid:26) पुनः खरीद (cid:18)ितवत/ नीलामी -ारा और िविवध मू(cid:3)य नीलामी िविध
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क(cid:26) जाएगी।
पपपपननुुननुु ःःःः खखखखररररीीीीदददद कककक(cid:14)(cid:14)(cid:14)(cid:14) अअअअ(cid:21)(cid:21)ंं(cid:21)(cid:21)ंं ककककतततत ररररााााििििशशशश
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रािश के िलए होगी।
भभभभगगुुगगुु तततताााानननन
4. सरकारी (cid:24)टॉक क(cid:26) पुनः खरीद के िलए भगु तान, भारत सरकार, सीएएस, भारतीय 4रजव5 बक7 , नागपरु के पास
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और ऐसे मोिचत सरकारी (cid:24)टॉक पर Gयाज (cid:18)ोFभूत नहI होगा।
123 GI/2016 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
ससससााााििंंििंं ववववििििधधधधकककक &&&&ााााववववधधधधाााानननन
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(cid:24)टॉक भारतीय (cid:18)ितभूित अिधिनयम, 2006 और इसके तहत बनाई गई सरकारी (cid:18)ितभूित िविनयमावली, 2007
और भारत सरकार -ारा जारी पूव5 संगत अिधसूचना (अिधसूचनाL) -ारा शािसत होगा।
राMपित के आदशे स,े
(cid:18)शांत गोयल, संयुO सिचव
MINISTRY OF FINANCE
(Department of Economic Affairs)
(BUDGET DIVISION)
NOTIFICATION
New Delhi, the 8th January, 2016
Repurchase of Inflation Indexed Bond
F.No.4(16)-W&M/2012:.—The Government of India hereby notifies repurchase of “1.44 per cent
Inflation Indexed Government Stock-2023” (hereinafter called the Government Stocks).
Mode of Repurchase
2. The repurchase of the Government Stocks will be undertaken through reverse auction by the
Government of India and in one or more tranches by multiple price auction method. The date of
repurchase/settlement will be notified by the Reverse Bank of India.
Nominal Amount of Repurchase
3. The repurchase of “1.44 per cent Inflation Indexed Government Stock-2023” will be for an aggregate
amount of ` 6,500 crore.
Payment
4. The payment for the repurchase of the Government Stocks will be made by the Government of India
from its cash balances maintained with the CAS, RBI, Nagpur. Such payment will include the accrued
interest on the nominal value of the successful bids/offer accepted by the Reserve Bank of India. The
Government Stocks repurchased in the manner will get prematurely redeemed and interest will cease to
accrue on such redeemed Government Stocks.
Statutory Provision
5. With respect to any such matter which has not been provided under this notification, the Government
Stock shall be governed by the Government Securities Act, 2006 and the Government Securities
Regulations, 2007 framed thereunder and the earlier corresponding Notification(s) issued by the
Government of India.
By Order of the President of India,
PRASHANT GOYAL, Jt. Secy.
Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.