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News18
35 minutes ago
- News18
RBI announces underwriting auction results for two government securities
Mumbai (Maharashtra) [India], August 14 (ANI): The Reserve Bank of India (RBI) on Thursday announced the results of the underwriting auction conducted for Additional Competitive Underwriting (ACU) of two Government of India securities, setting cut-off commission rates for primary dealers. According to the central bank, the auction was held on August 14, 2025, for the 6.01 per cent Government Security (GS) 2030 and a new Government Security maturing in 2055. The ACU process allows primary dealers to competitively bid for the right to underwrite additional portions of the notified amount of government bonds, over and above their minimum underwriting commitments. For the 6.01 per cent GS 2030, the notified amount was Rs 15,000 crore. The minimum underwriting commitment (MUC) stood at Rs 7,518 crore, with the remaining Rs 7,482 crore accepted under ACU. The total amount underwritten was thus Rs 15,000 crore. The cut-off commission rate for the ACU portion was set at 0.40 paise per Rs 100. In the case of the new GS 2055, the notified amount was Rs 13,000 crore. The MUC was Rs 6,510 crore, while the ACU amount accepted was Rs 6,490 crore, taking the total amount underwritten to Rs 13,000 crore. The ACU commission cut-off rate here was higher, at 0.78 paise per Rs 100. The RBI said that the actual auction for the sale of these securities would also be held on August 14, 2025, subsequent to the completion of the underwriting process. Underwriting of government securities is a critical function performed by primary dealers to ensure smooth borrowing operations by the government. In this system, primary dealers commit to subscribing to unsold portions of government bond issuances, thereby providing an assurance of full subscription. The ACU mechanism allows the government to allocate additional underwriting amounts through a competitive bidding process, where the commission rate is determined based on market demand. The RBI's announcement comes as part of its routine government securities issuance calendar, which is a key instrument for managing the fiscal requirements of the government and influencing liquidity in the financial system. Primary dealers, a select set of financial institutions authorised by the RBI, play an essential role in underwriting and distributing these securities in the secondary market. (ANI) view comments First Published: August 14, 2025, 13:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.


News18
35 minutes ago
- News18
SC quashes actor Darshans interim bail in Renukaswamy murder case
New Delhi [India], August 14 (ANI): The Supreme Court on Thursday cancelled the bail of Kannada actor Darshan Thogudeepa in the Renukaswamy murder case. A bench of Justices JB Pardiwala and R Mahadevan quashed the interim bail granted to Darshan by the Karnataka High Court, stating that the bail was granted without adequate consideration of the witness intimidation and other Karnataka government had filed a plea in the apex court against Darshan's bail the decision, Advocate DL Chidananda, representing the State government in the case, said the SC stated that the Karnataka HC's decision did not follow the principles of granting Chidananda told ANI, 'The Supreme Court said that the High Court has not followed the principles of law which apply for granting bail. It also reiterated that the rule of law prevails in the country and, however influential an individual may be, they must be treated in accordance with the law."Congress leader Rizwan Arshad said that the State government has built up a 'crystal clear" case against the actor, so they had to appeal against the Karnataka HC's order.'They have built up a crystal clear case. Despite that, he got bail… As a government, we had to appeal against the bail, and that's what we did," Arshad Chief Minister's legal advisor, AS Ponnanna, said that granting Darshan bail would have hampered the investigation and said, 'The state government and the prosecution agency were vindicated… It was the state government's decision that, in a case like this, where a serious offence has been registered, granting him bail would hamper the investigation and trial, as he is a powerful person. They did not want him to use his muscle to derail the prosecution's case."Darshan was named in the chargesheet in the Renukaswamy murder case, where the 33-year-old resident of Chitradurga was murdered. The victim's remains were discovered in Bengaluru's Kamakshipalya on June 9, 2024. (ANI)


News18
35 minutes ago
- News18
Indias Wholesale Price Index negative in July, second month in a row
New Delhi [India], August 14 (ANI): India's wholesale inflation, measured by the All India Wholesale Price Index (WPI), slipped further into the negative zone in July 2025, standing at (-) 0.58 per cent (provisional) compared to the same month last year, according to the Ministry of Commerce & Industry. This marks a continuation of the deflationary trend, with the decline largely driven by falling prices of food articles, mineral oils, crude petroleum & natural gas, and basic metals. On a month-to-month basis, however, the WPI rose by 0.39 per cent in July over June 2025. The WPI captures price movements across major commodity groups, and July's data shows mixed trends. The Primary Articles group, which makes up 22.62 per cent of the WPI, saw its index climb by 1.18 per cent, from 185.8 in June to 188 in July. Price increases were recorded in crude petroleum & natural gas (2.56 per cent), non-food articles (2.11 per cent), and food articles (0.96 per cent). At the same time, the price of minerals fell by 1.08 per cent. In the Fuel & Power category, which holds a 13.15 per cent weight in the index, the WPI rose by 1.12 per cent month-on-month, moving from 143 in June to 144.6 in July. This was mainly due to a 1.98 per cent increase in mineral oil prices. In contrast, coal prices dropped by 0.44 per cent and electricity by 0.36 per cent. Despite the monthly uptick, the year-on-year inflation rate for this category remained negative at (-) 2.43 per cent for Products, the largest component of the WPI with a weight of 64.23 per cent, registered a slight decline of 0.14 per cent in its index, easing from 144.8 in June to 144.6 in July. The category displayed a balanced movement, with nine industrial groups witnessing price increases, nine recording declines, and four seeing no change. Price rises were notable in items such as other manufacturing, transport equipment, motor vehicles, other non-metallic mineral products, and furniture. However, these gains were countered by price drops in basic metals, fabricated metal products, food products, chemicals, and paper WPI Food Index, which combines food articles from the Primary Articles group and food products from Manufactured Products, rose from 190.2 in June to 191.3 in July. Yet, the inflation rate for the Food Index moved deeper into the negative, from (-) 0.26 per cent in June to (-) 2.15 per cent in July. This indicates that while prices saw a slight monthly increase, they were still lower than levels recorded in July figures for May 2025 placed the WPI at 153.7, with the annual inflation rate for that month standing at 0.13 per cent. (ANI)