CASH MANAGEMENT BILL The Government of India, in consultati | UPSC Economy
CASH MANAGEMENT BILL
The Government of India, in consultation with the RBI, decided to issue a new short-term instrument, known as Cash Management Bills, since August 2009 to meet the temporary cash fow mismatches of the government.
The Cash Management Bills are non-standard and discounted instruments issued for maturities less than 91 days.
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