<h1>India to Auction Government Stocks Worth Rs. 15,000 Crore on May 17, 2013, with Results Announced Same Day.</h1> The Government of India announced the auction of various government stocks on May 17, 2013, conducted by the Reserve Bank of India. The auction includes the re-issue of 7.83% Government Stock 2018 for Rs. 3,000 crore, a new 10-year Government Stock 2023 for Rs. 7,000 crore, 8.97% Government Stock 2030 for Rs. 2,000 crore, and 8.83% Government Stock 2041 for Rs. 3,000 crore. The auctions will use a multiple price method, with both competitive and non-competitive bids submitted electronically. Up to 5% of the stocks are reserved for eligible individuals and institutions. Results will be announced on the auction day, with payments due by May 20, 2013.