SC: Under RTE Act, States Cannot Justify Low Teacher Pay by Citing Centre’s Failure to Release Funds || Supreme Court: While a Child’s Welfare is Paramount, It is Not the Sole Factor in Custody Disputes || Supreme Court: High Court Cannot Reject a Plaint While Exercising Jurisdiction under Article 227 || SC: Merely Leasing an Apartment Does Not Bar a Flat Buyer’s Consumer Complaint Against the Builder || Delhi HC: Unproven Adultery Allegations Cannot be Used to Deny Interim Maintenance under the DV Act || Bombay HC: Storing Items in a Fridge isn’t Manufacturing and Doesn’t Make Premises a Factory || Kerala HC: Disability Pension is Not Payable if the Condition is Unrelated to Military Service || Supreme Court: Award Valid Even If Passed After Mandate Expiry When Court Extends Time || Jharkhand HC: Regular Bail Plea During Interim Bail is Not Maintainable under Section 483 BNSS || Cal HC: Theft Claims and Public Humiliation Alone Don’t Amount To Abetment of Suicide U/S 306 IPC

RBI Announces OMO Purchase of Government of India Dated Securities- (Reserve Bank of India) (06 Sep 2016)

MANU/RPRL/0224/2016

Banking

Based on the current assessment of prevailing and evolving liquidity conditions, the Reserve Bank has decided to conduct purchase of Government securities under Open Market Operations for an aggregate amount of `100 billion on September 08, 2016 (Thursday) through multi-security auction using the multiple price method.

RBI reserves the right to:
Decide on the quantum of purchase of individual securities.
Accept less than the aggregate amount of ` 100 billion.
Purchase marginally higher than the aggregate amount due to rounding off effects and other relevant factors.
Accept or reject any or all of the offers either wholly or partially without assigning any reason.

Tags : GOVERNMENT SECURITIES PURCHASE OPEN MARKET OPERATIONS

Share :