Tag Archives: Auction

Aadhaar authentication mandatory in E-auction of PM mementos, gifts

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You will have to get verified through Aadhaar registration if you want to buy the memorable mementos and gifts presented to Prime Minister Narendra Modi. The e-auction is set to begin from Saturday.

A senior official of the Ministry of Culture said that Aadhaar authentication will be done to bring transparency in the auction of gifts and mementos. Aadhaar authentication was not necessary during last year’s auction.

To participate in this online auction, interested buyers have to register themselves on this portal and the registration is open to Resident Indians only.

Aadhaar /IANS

“To identify the authenticity of the buyer, Aadhaar authentication is being done during the registration process for both new buyers and those who have already registered in the portal. This Aadhaar authentication process is a one time process and only authenticated buyers can participate in the auction,” said an official of the ministry.

The buyer can participate in the auction by selecting the product listed for live auction. The highest bidder will be approved by the department for making payment.

The Ministry of Culture is organising the fourth edition of the e-auction of the gifts presented to Prime Minister Narendra Modi which is scheduled from September 17 to October 2.

Addressing the media on Friday, Union Minister of Culture G Kishan Reddy said, “In 2019 these items were auctioned for people by open bidding. That time 1805 gifts were put on auction in the first round, and in the second round 2772 gift items were put on auction. In 2021, also e-auction was organised in September and we had 1348 items on auction. This year approximately 1200 mementos and gift items have been put on e-auction. The display of the mementos has been done at the National Gallery of Modern Art, New Delhi. These items can also be viewed on the website.”

Aadhaar card/IANS

Giving more details, the Union Minister said, “Mementos in the auction include exquisite paintings, sculptures, handicrafts and folk artefacts. Several of these are items customarily offered as gifts, such as traditional angavastrams, shawls, headgear, ceremonial swords. Other memorabilia of interest include replicas and models of the Shri Ram Mandir at Ayodhya and the Kashi-Vishwanath Temple in Varanasi. We also have an exciting section of sports memorabilia”.

He said that Team India’s stellar performance at the Commonwealth Games 2022, the Deaflympics 2022 and Thomas Cup Championship 2022 earned us a place in history and a rich haul of medals. On auction are the memorabilia presented by the teams and winners of the sporting events. There are 25 new sports memorabilia in this edition of the auction, the minister disclosed.

Namami Gange: E-auction of 1200 prestigious, memorable mementos, gifts presented to PM Modi to begin tomorrow

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E- auction of more than 1200 prestigious and memorable mementos and gifts presented to Prime Minister Shri Narendra Modi  to begin tomorrow. The e-auction will continue up to 2nd October, 2022.

PM Narendra Modi is the first ever Prime Minister of India, who has decided to auction all the gifts he receives for the noble cause of Namami Gange.

The Ministry of Culture is organizing the fourth edition of e- auction of prestigious and memorable gifts presented to Prime Minister Narendra Modi which is scheduled from 17th September to 2nd October, 2022.

Union Minister of Culture, Tourism and DoNER, G. Kishan Reddy briefed the media about the upcoming auction. Minister of State for Culture and Parliamentary Affairs, Shri Arjun Ram Meghwal and Minister of State for Culture and External Affairs  Smt. Meenakashi Lekhi were also present during the briefing.

Briefing the media, Union Minister of Culture, Tourism and DoNER, G. Kishan Reddy said , “ In 2019 these items were auctioned for people by open bidding. That time 1805 gifts were put on auction in the first round, and in second round 2772 gift items were put on auction. In 2021, also e-auction was organised in September and we had  1348 items on auction. This year approximately 1200 mementos and gift items have been   put on e-auction. The display of the mementos have been done at the National Gallery of Modern Art, New Delhi. These items can also be viewed on the website”.

Giving more details, the Union Minister said, “ Mementos in the auction include exquisite paintings, sculptures, handicrafts and folk artefacts. Several of these are items customarily offered as gifts, such as traditional angavastrams, shawls, headgears, ceremonial swords. Other memorabilia of interest include replicas and models of the Shri Ram Mandir at Ayodhya and the Kashi-Vishwanath Temple in Varanasi. We also have an exciting section of sports memorabilia”. Union Minister said that team India’s stellar performance at the Commonwealth Games 2022, the Deaflympics 2022 and Thomas Cup Championship 2022 earned us a place in history and a rich haul of medals. On auction are the memorabilia presented by the teams and winners of the sporting events. There are 25 new sports memorabilia in this edition of auction, the minister disclosed.

Union Minister G.K Reddy added, “Narendra Modi is the first ever Prime Minister of India, who has decided to auction all the gifts he receives for a noble cause of conserving the lifeline of the country- the river Ganges through Namami Gange. I urge everyone to participate in the auction liberally and contribute towards the noble mission”.

On the occasion, Arjun Ram Meghwal said, “In the last auction people from every state and origin participated in the auction actively”. The minister also urged people this year to participate in the auction of prestigious and memorable gifts presented to Prime Minister Shri Narendra Modi.

Meenakashi Lekhi highlighted the significance of various momentos presented to the Prime Minister and how the e-auction offers an exceptional occasion to the people to contribute to Namami Gange.

To make the visit even more enjoyable, guided tours in general and guided tours in sign language for the hearing impaired have been arranged. Catalogues in braille will also be made available for the visually challenged. The display area will be open to the public from 17th September to 2nd October and is free for all. The funds raised through the auction will contribute to a worthy cause, the Namami Gange Programme, the flagship project that seeks to conserve and rejuvenate our National River, Ganga.

General public can participate in the e-auction by logging on / registering on this link-

https://pmmementos.gov.in

Auction for Sale (Re-issue) of Government Stocks

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The Government of India have announced the Sale (re-issue) of (i) “6.84 per cent Government Stock, 2022” for a notified amount of Rs. 3000 crore (nominal) through price based auction,

(ii) “6.79 per cent Government Stock 2029” for a notified amount of Rs.7,000 crore (nominal) through price based auction, (iii) “6.57 per cent Government Stock 2033” for a notified amount of Rs. 2,000 crore (nominal) through price based auction, (iv) “7.72 per cent Government Stock, 2055” for a notified amount of Rs. 3,000 crore (nominal) through price based auction. The auctions will be conducted using multiple price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on August 4, 2017 (Friday).

Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.

Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on
August 4, 2017. The non-competitive bids should be submitted between 10.30 a.m. and
11.30 a.m. and the competitive bids should be submitted between 10.30 a.m. and 12.00 noon.

The result of the auctions will be announced on August 4, 2017 (Friday) and payment by successful bidders will be on August 7, 2017 (Monday).

The Stocks will be eligible for “When Issued” trading in accordance with the guidelines on ‘When Issued transactions in Central Government Securities’ issued by the Reserve Bank of India vide circular No. RBI/2006-07/178 dated November 16, 2006 as amended from time to time.