ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Funding of Treasury Bills in India

T K Velayudham This paper attempts to (i) examine the rationale of funding or conversion, of ad hoc treasury hills; (ii) outline the mechanics of this process; and (iii) suggest possible ways of improving 'funding' or conversion so as to invest it with some monetary significance. The modified form of funding suggested in this paper seeks to eliminate the anamolies of the 'dual' treasury bill system and to make treasury bill financing a meaningful and self-liquidating arrangement rather than treat it as a mere source of short~cum-long4erm borrowing for the government.

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