<p>Nirmala Sitharaman, India’s first full-time female Finance Minister, will present the first budget of Narendra Modi-led government's second term on July 5.</p>.<p>Taking up the crucial Finance Ministry portfolio, Sitharaman has a big task at hand. In her new role, the former defence minister needs to address issues such as economic slowdown, unemployment rate which is at a 45-year high, severe agrarian crisis, NPAs marring the banking sector.</p>.<p>While all eyes will be on Budget 2019, it is imperative for people to know the key terms associated with the annual exercise.</p>.<p>Here’s a lowdown on some of the important terms to help understand the Budget.</p>.<p><strong>Treasury bills:</strong></p>.<p>Money market instruments issued by RBI to finance the short term requirements of the government of India. These are discounted securities and are thus issued at a discount to face value. The return to the investor is the difference between maturity value and issue price.</p>.<p>There are four types of money bills:</p>.<p>1. 14 days money bill: The maturity period of these money bills are 14 days and are auctioned every Friday.<br />2. 91 days money bill: The maturity period of these money bills are 91 days and are auctioned every Friday.<br />3. 182 days money bill: The maturity period of these money bills are 182 days and are auctioned on every alternate Wednesday.<br />4. 362 days money bill: The maturity period of these money bills are 362 days and are auctioned on every alternate Wednesday. Notified amount of these auctions is Rs 500 Crores.</p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/business/economy-business/budget-2019-what-are-the-countervailing-duties-741144.html">What are Countervailing Duties?</a></strong></p>
<p>Nirmala Sitharaman, India’s first full-time female Finance Minister, will present the first budget of Narendra Modi-led government's second term on July 5.</p>.<p>Taking up the crucial Finance Ministry portfolio, Sitharaman has a big task at hand. In her new role, the former defence minister needs to address issues such as economic slowdown, unemployment rate which is at a 45-year high, severe agrarian crisis, NPAs marring the banking sector.</p>.<p>While all eyes will be on Budget 2019, it is imperative for people to know the key terms associated with the annual exercise.</p>.<p>Here’s a lowdown on some of the important terms to help understand the Budget.</p>.<p><strong>Treasury bills:</strong></p>.<p>Money market instruments issued by RBI to finance the short term requirements of the government of India. These are discounted securities and are thus issued at a discount to face value. The return to the investor is the difference between maturity value and issue price.</p>.<p>There are four types of money bills:</p>.<p>1. 14 days money bill: The maturity period of these money bills are 14 days and are auctioned every Friday.<br />2. 91 days money bill: The maturity period of these money bills are 91 days and are auctioned every Friday.<br />3. 182 days money bill: The maturity period of these money bills are 182 days and are auctioned on every alternate Wednesday.<br />4. 362 days money bill: The maturity period of these money bills are 362 days and are auctioned on every alternate Wednesday. Notified amount of these auctions is Rs 500 Crores.</p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/business/economy-business/budget-2019-what-are-the-countervailing-duties-741144.html">What are Countervailing Duties?</a></strong></p>