<p>As we await for Nirmala Sitharaman, India’s first full-time female Finance Minister to present the Union Budget of Narendra Modi-led government's on February 1, there are a lot of issues factoring in for this year's Budget amid increasingly normalcy with coronavirus cases dipping.</p>.<p>While all eyes will be on Budget 2023, it is imperative for people to know the key terms associated with the same. A term frequently coming up in conversations over Budget is Treasury Bills. </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><strong>Also Read | <a href="https://www.deccanherald.com/business/union-budget/union-budget-2023-what-are-contingency-consolidated-funds-1182638.html" target="_blank">Union Budget 2023 | What are Contingency, Consolidated Funds?</a></strong></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>As we await for Nirmala Sitharaman, India’s first full-time female Finance Minister to present the Union Budget of Narendra Modi-led government's on February 1, there are a lot of issues factoring in for this year's Budget amid increasingly normalcy with coronavirus cases dipping.</p>.<p>While all eyes will be on Budget 2023, it is imperative for people to know the key terms associated with the same. A term frequently coming up in conversations over Budget is Treasury Bills. </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><strong>Also Read | <a href="https://www.deccanherald.com/business/union-budget/union-budget-2023-what-are-contingency-consolidated-funds-1182638.html" target="_blank">Union Budget 2023 | What are Contingency, Consolidated Funds?</a></strong></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>