<h1>India to Auction Rs.1,000 Crore Inflation-Indexed Government Stock on June 4, 2013; 20% Non-Competitive Allocation Available.</h1> The Government of India announced the sale of New Inflation Indexed Government Stock-2023, amounting to Rs.1,000 crore, via a yield-based auction. The Reserve Bank of India will conduct the auction on June 4, 2013, using a uniform price method. Up to 20% of the stock will be allocated to eligible individuals and institutions under the Non-Competitive Bidding Facility. Bids must be submitted electronically on the RBI's E-Kuber system, with non-competitive bids due between 10:30 a.m. and 11:30 a.m., and competitive bids by 12:00 noon. Auction results will be announced on June 4, with payments due by June 5, 2013.