Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
Govt To Auction Rs 34,000 Crore Securities For 'New GS 2036' Issue
(MENAFN- AsiaNet News)
Government Securities Auction Announced
The Government of India is set to conduct an underwriting auction for the sale of Government Securities totalling Rs 34,000 crore on May 08, 2026. This auction focuses on a new issuance designated as “New GS 2036,” which the central bank scheduled for Friday. According to the Reserve Bank of India (RBI), the entire notified amount for the new security is subject to this underwriting process.
“Government of India has announced the sale (issue) of Government Security, as detailed below, through auction to be held on May 08, 2026 (Friday).” The central bank stated that the underwriting auction will follow a multiple price-based method. This format allows participants to submit bids at different price levels for the long-term government paper.
Commitments for Primary Dealers
“As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) auction, applicable to each Primary Dealer (PD),” the RBI said in a release.
For the “New GS 2036” security, the RBI established a Minimum Underwriting Commitment of Rs 810 crore for each Primary Dealer. Additionally, the minimum bidding commitment under the Additional Competitive Underwriting auction is fixed at Rs 810 crore per dealer.
Bidding and Commission Process
Primary Dealers must submit their bids for the ACU auction through electronic channels. The RBI mandated the use of its Core Banking Solution, known as the e-Kuber system, for these financial transactions. “PDs may submit their bids for ACU auction electronically through Reserve Bank of India Core Banking Solution (e-Kuber system) between 09:00 A.M. and 09:30 A.M. on the day of underwriting auction,” the RBI notified.
The administrative guidelines from the central bank specify that the commission for these underwriting services is credited to the current accounts of the dealers on the day of the security issuance. “The underwriting commission will be credited to the current account of the respective PDs with RBI on the day of issue of security.” (ANI)
(Except for the headline, this story has not been edited by Asianet Newsable English staff and is published from a syndicated feed.)
MENAFN07052026007385015968ID1111080122