2016 self liquidating fund asp

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These bills are issued by way of auction,where different participants bids in an auction and funds themselves. At present RBI issues T- bills of 3 types based on their holding period. Besides these RBI acceptsnon-competitive bids from stategovt, non govt PF`s and other banks.These bidders are allotted bills at a weighted average price of competitive bids.Ideally, instead of using paper vouchers and stamps, the government would use cell phone money.In this way government payments could be made directly to individuals without involving the banking system.

Savers get a wide variety of instruments in money market to invest their savings and reap profits.

The vouchers would have no value unless a stamp valued at 2% of each voucher was attached each week.

The sale of stamps by the US Post Office over 52 weeks would generate an income of

Savers get a wide variety of instruments in money market to invest their savings and reap profits.

The vouchers would have no value unless a stamp valued at 2% of each voucher was attached each week.

The sale of stamps by the US Post Office over 52 weeks would generate an income of $1.04 trillion dollars.

These are used by govt in case of deficit situations.

At present there is only one type of T-bill that is auctioned T- Bill, which are issued by RBI.

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Savers get a wide variety of instruments in money market to invest their savings and reap profits.The vouchers would have no value unless a stamp valued at 2% of each voucher was attached each week.The sale of stamps by the US Post Office over 52 weeks would generate an income of $1.04 trillion dollars.These are used by govt in case of deficit situations.At present there is only one type of T-bill that is auctioned T- Bill, which are issued by RBI.

.04 trillion dollars.

These are used by govt in case of deficit situations.

At present there is only one type of T-bill that is auctioned T- Bill, which are issued by RBI.

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