New Delhi [India], The Reserve Bank of India has announced an auction for the sale of government securities worth Rs 32,000 crore. The auction is scheduled to take place on Friday and aims to facilitate the sale (re-issue) of government securities through a multiple price-based method. Primary dealers can submit their bids electronically through the e-Cube system between 09:00 A.M. and Friday at 09.30 am "Underwritten auction for sale of Government securities worth Rs 32,000 crore on April 26, 2024, Government of India has announced the sale (re-issue) of Government securities through an auction to be held in April, as "Primary dealers are required to meet the minimum bid commitment under the Minimum Underwriting Commitment (MUC) and Additional Competitive Underwriting (ACU) for the auction," a release by the RBI said. Is.Underwriting commission will be credited. Current account of the concerned Primary Dealers with the Reserve Bank of India (RBI) on the day of issue of securities. This auction provides an opportunity to primary dealers to participate in the underwriting process and contribute to the financial activities of the government. The auction symbolizes the government's continued efforts to efficiently manage its borrowing program and meet its funding requirements. With the auction scheduled to take place on April 26, RBI urges primary dealers to actively prepare and participate to support the smooth conduct of the auction and ensure a successful outcome for all stakeholders.Government Security (G-Sec) is a tradable instrument issued by the Central Government or State Governments. It accepts the debate responsibility of the government. Such securities are short-term (usually called treasury bills, with original maturity of less than one year) or long-term (usually called government bonds or dated securities with original maturity of one year or more) India In India, the central government issues both, treasury bills and bonds or dated securities while state governments issue only bonds or dated securities called State Development Loans (SDL). Government securities have practically no risk of default and hence, they are called risk-free gilt-edged instruments.