Issuance of Government of India Cash Management Bills - ਆਰਬੀਆਈ - Reserve Bank of India
Issuance of Government of India Cash Management Bills
The Government of India, in consultation with the Reserve Bank of India, has decided to issue a new short-term instrument, known as Cash Management Bills, to meet the temporary cash flow mismatches of the Government. The Cash Management Bills will be non-standard, discounted instruments issued for maturities less than 91 days. The Cash Management Bills will have the generic character of Treasury Bills and their sale will be subject to the terms and conditions specified in the General Notification No. F.2 (12)-W&M/97 dated 31st March 1998 issued by Government of India and as amended from time to time. The Cash Management Bills will have the following features.
Alpana Killawala Press Release : 2009-2010/227 |