Banking and RBI
Government announces sale of four dated securities worth Rs 32,000 crore, auction on 14 August
10 August 2026 (announcement) | Reserve Bank of India
The RBI announced, on behalf of the Government of India, the sale of four dated securities with a notified amount of Rs 32,000 crore. The auction is scheduled for 14 August 2026, with settlement on 17 August.
The securities are New GS 2029 (Rs 11,000 crore), New GS 2033 (Rs 11,000 crore), 7.24% GS 2055 (Rs 5,000 crore) and 7.50% GOI SGrB 2056 (Rs 5,000 crore). The Government may retain additional subscription of up to Rs 2,000 crore against each security.
Key facts- Notified amount: Rs 32,000 crore
- Number of securities: four
- Auction date (scheduled): 14 August 2026
- Greenshoe: up to Rs 2,000 crore per security
Exam takeaway: This is an announcement; the result is a separate release.
Quick revision: G-Sec auction of Rs 32,000 crore announced (RBI, 10 August 2026).
Reserve Bank of India original sourceEconomy and Finance
SGB premature redemption price of Rs 14,957 per unit for 11 August 2026
10 August 2026 | Reserve Bank of India
The RBI announced that premature redemption of Sovereign Gold Bond (SGB) 2019-20 Series IX and SGB 2020-21 Series V falls due on 11 August 2026. The redemption price is Rs 14,957 per unit.
The price is the simple average of the closing gold price for the three business days of 6, 7 and 10 August 2026. Premature redemption is permitted after the fifth year from the issue date, on an interest payment date.
Key facts- Redemption date: 11 August 2026
- Price: Rs 14,957 per unit
- Tranches: SGB 2019-20 Series IX, SGB 2020-21 Series V
- Basis: simple average of closing gold price of three business days
Exam takeaway: Premature redemption of an SGB is allowed after the fifth year.
Quick revision: SGB premature redemption price Rs 14,957 (RBI, 10 August 2026).
Reserve Bank of India original sourceAppointments, Awards and Important Days
Dr Srinivasa Kumar Tummala assumes charge as Secretary, Ministry of Earth Sciences
10 August 2026 | Press Information Bureau
PIB said Dr Srinivasa Kumar Tummala, an oceanographer, assumed charge as Secretary of the Ministry of Earth Sciences (MoES). He takes over from Dr N. Kalaiselvi, who held MoES under additional charge.
The full-time post was earlier held by Dr M. Ravichandran. PIB links the appointment to the Deep Ocean Mission, climate modelling and multi-hazard early warning.
Key facts- Post: Secretary, Ministry of Earth Sciences
- Officer: Dr Srinivasa Kumar Tummala
- Earlier additional charge: Dr N. Kalaiselvi
- Earlier full-time Secretary: Dr M. Ravichandran
Exam takeaway: MoES runs the Deep Ocean Mission.
Quick revision: Dr Srinivasa Kumar Tummala is MoES Secretary (PIB, 10 August 2026).
Press Information Bureau original source