The Government of India, in consultation with the Reserve Bank of India, announces the following calendar of Treasury Bills issuance for the period April 1, 2008 to March 31, 2009.
| Type of T-Bills | Periodicity | Notified Amount (Rs.Crore) | Day of Auction | Day of Payment |
|---|---|---|---|---|
| 91-Day | Weekly | 500 | Every Wednesday | Following Friday |
| 182-Day | Fortnightly | 500 | Wednesday preceding the non-Reporting Friday | Following Friday |
| 364-Day | Fortnightly | 1000 | Wednesday preceding the Reporting Friday | Reporting Friday |
The issuances of Treasury Bills, if any, under the Market Stabilization Scheme (MSS) would be in addition to the above issuance calendar.
The Central Government / the reserve Bank will continue to have the flexibility to modify the notified amount and timing of 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.
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 Government of India, as amended from time to time.
Government of India
Ministry of Finance
Department of Economic Affairs
Dated March 24, 2008
