<h1>India Announces Auction of Government Stocks Worth Rs. 15,000 Crore, Including New 40-Year Stock.</h1> The Government of India announced the re-issue and sale of various government stocks through auctions. These include 7.68% Government Stock 2023 for Rs. 2,000 crore, 7.88% Government Stock 2030 for Rs. 7,000 crore, 7.73% Government Stock 2034 for Rs. 3,000 crore, 8.17% Government Stock 2044 for Rs. 2,000 crore, and a new 40-year Government Stock for Rs. 1,000 crore. The Reserve Bank of India will conduct these auctions on October 23, 2015, using a multiple price method. Up to 5% of the stocks will be allocated to eligible individuals and institutions through non-competitive bidding. Results will be announced the same day, with payments due by October 26, 2015.