Banking and RBI
RBI announces underwriting auction for Rs 28,000 crore government securities on 29 May
27 May 2026 | Reserve Bank of India
The RBI announced an underwriting auction for sale of government securities worth Rs 28,000 crore on Friday, 29 May 2026: 6.68% GS 2040 (Rs 17,000 crore) and 7.43% GS 2076 (Rs 11,000 crore).
Each Primary Dealer has a minimum underwriting commitment of Rs 405 crore for the 2040 security and Rs 262 crore for the 2076 security, with the same minimum bidding commitment in the ACU auction. Bids go through the e-Kuber system from 9:00 to 9:30 AM on auction day.
Key facts- Auction date: 29 May 2026; total Rs 28,000 crore
- 6.68% GS 2040: Rs 17,000 crore; MUC Rs 405 crore per PD
- 7.43% GS 2076: Rs 11,000 crore; MUC Rs 262 crore per PD
- ACU bids on e-Kuber, 9:00 to 9:30 AM
Exam takeaway: A Minimum Underwriting Commitment is the amount each Primary Dealer must underwrite in an auction.
Quick revision: RBI underwriting auction 29 May 2026: Rs 28,000 crore; GS 2040 and GS 2076 (RBI).
Reserve Bank of India original sourceGovernment Schemes
Cabinet approves SARTHAK-PDS with Rs 25,530 crore Central share in the 16th Finance Commission cycle
27 May 2026 | Press Information Bureau
PIB said the Cabinet Committee on Economic Affairs approved continuation of the 'Scheme for Assistance in Ration Transport and Handling-Income with Automation in PDS' (SARTHAK-PDS) as an umbrella scheme for the 16th Finance Commission cycle, with an outlay of Rs 25,530 crore as Central share. It also revised norms of central assistance for intra-State movement and handling of foodgrains and FPS dealers' margin.
The umbrella integrates the scheme for assistance to State agencies for intra-State movement of foodgrains and FPS dealers' margin under NFSA and the SMART PDS scheme. It aims to modernise PDS using AI, machine learning, NLP and blockchain, State Command Control Centres and unified databases, supporting the 81.35 crore persons covered under the National Food Security Act, 2013.
Key facts- Scheme: SARTHAK-PDS (umbrella); approved by CCEA
- Central share: Rs 25,530 crore; 16th Finance Commission cycle
- Integrates: intra-State movement and FPS margin scheme with SMART PDS
- Coverage: 81.35 crore persons under NFSA
Exam takeaway: FPS means Fair Price Shop; the FPS dealers' margin is the commission paid to ration shop owners.
Quick revision: SARTHAK-PDS: Rs 25,530 crore Central share; integrates SMART PDS; 81.35 crore NFSA beneficiaries (PIB, 27 May).
Press Information Bureau original source