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AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

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Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

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• Issue-wise legal analysis
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        Case ID :
        Income Tax

        Calendar for Auction of Government of India Treasury Bills for the quarter ending June 2012 issued .

        April 2, 2012

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        Press Information Bureau
        Government of India
        Ministry of Finance

        02-April-2012 18:09 IST

        Calendar for Auction of Government of India Treasury Bills for the quarter ending June 2012 issued

                                  

                                        The Government of India, in consultation with the Reserve Bank of India (RBI) after reviewing the cash position of the Government of India, has decided to notify the amounts for the issuance of Treasury Bills for the Quarter ending June 2012 as under:

        Proposed Auction of T-Bills during April-June 2012

         (Rs. Crore)

        Date of Auction

        91 Days

        182 Days

        364 Days

             Total

        04-April-12

        9,000

         

        5,000

        14,000

        11-April-12

        9,000

        5,000

         

        14,000

        18-April-12

        9,000

         

        5,000

        14,000

        25-April-12

        9,000

        5,000

         

        14,000

        02-May-12

        10,000

         

        5,000

        15,000

        09-May-12

        9,000

        5,000

         

        14,000

        16-May-12

        10,000

         

        5,000

        15,000

        23-May-12

        9,000

        5,000

         

        14,000

        30-May-12

        10,000

         

        5,000

        15,000

        06-June-12

        9,000

        5,000

         

        14,000

        13-June-12

        10,000

         

        5,000

        15,000

        20-June-12

        9,000

        5,000

         

        14,000

        27-June-12

        10,000

         

        5,000

        15,000

        Total

        1,22,000

        30,000

        35,000

        1,87,000

                                                                                                  The Government of India/ the Reserve Bank of India will continue to have the flexibility to modify the notified amount and timing for auction of Treasury Bills depending upon the requirements of the Government, evolving market conditions and other relevant factors. Thus, the calendar is 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. F2(12)-W&M/97 dated March 31, 1998 issued by the Government of India, as amended from time to time. 

                                                                                     

        *******

        DSM/SS

        Treasury bill auction calendar issued; scheduled dates and issuance amounts set for the quarter, subject to modification. The Government, with the Reserve Bank of India, notified a quarterly issuance calendar for Treasury Bills specifying auction dates and amounts for 91 day, 182 day and 364 day bills with aggregate quarterly totals. The calendar is subject to modification in amount or timing due to government cash requirements, market conditions or intervening holidays, with any changes communicated via press release. Auctions will be conducted under the terms and conditions of the standing General Notification governing Treasury Bill auctions, as amended.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Treasury bill auction calendar issued; scheduled dates and issuance amounts set for the quarter, subject to modification.

                                The Government, with the Reserve Bank of India, notified a quarterly issuance calendar for Treasury Bills specifying auction dates and amounts for 91 day, 182 day and 364 day bills with aggregate quarterly totals. The calendar is subject to modification in amount or timing due to government cash requirements, market conditions or intervening holidays, with any changes communicated via press release. Auctions will be conducted under the terms and conditions of the standing General Notification governing Treasury Bill auctions, as amended.


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