Ugc net commerce financial management types or tresury bills introduced in india

it is incomplete..... actually according to previous years paper.... i want to know about 28day 364 14 182 ....eaxh n every type ko t-bill.... with its history... which introduced in which year

n what u have sent me is it just a copy paste from Google that i already read yesterday..... but what i didn't get from google is the history of type of bills

Treasury bills are short-term debt instruments issued by the Central government. Treasury bills play a vital role in cash management of the Government. Being risk-free, their yields at varied maturities serve as short term benchmarks and help pricing varied floating rate products in the market. Until 1988, the only kind of Treasury bill that was available was the 91-day bill, issued on tap; at a fixed rate of 4.5% (the rates on these bills remained unchanged at 4.5% since 1974). 182-day T-bills were introduced in 1987, and the auction process for T-bills was started. 364 day T-bill was introduced in April 1992, and in July 1997, the 14-day T-bill was also introduced. RBI had suspended the issue of 182-day T- bills from April 1992, and revived their issuance since May 1999. All T-bills are now sold through an auction process according to a fixed auction calendar, announced by the RBI. Ad-hoc treasury bills, which enabled the automatic monetisation of central government budget deficits, have been eliminated in 1997. All T-bill issuances now represent market borrowings of the central government. 91 days Treasury bill on tap: Before, 1960s the 91 days Treasury bills were sold on auction basis. Subsequently, these T-Bills were replaced by Tap sale of T-bills since mid-1960s. The tap bill rates varied consistently with changes in the Bank Rate till 1974 and thereafter the discount rate on tap bill was fixed at 4.6% Other maturities of T-bills: 182 days T-bills were introduced in November, 1986 on auction basis. The 182 days T-bills were replaced by introduction of 364 days T-bills on fortnightly auction basis since April, 1992. Subsequently, 91 days T-bills were introduced on auction basis in January, 1993. When the ad-hoc T-bills were discontinued in April, 1997, to enable finer cash management of the government and to provide avenue for state governments and some foreign central banks to invest surplus funds, 14-days T-bills were introduced in April, 1997. Subsequently, the 14 days T-bills and 182 days T-Bills were discontinued. Currently, 91 days T-Bills, 182 days T-Bills and 36 4 days T-Bills are sold on auction basis. Please see attached image for details. As will be seen from the above table that at present 91 days T-Bills are sold on weekly and 182 days Treasury Bills and 364 days Treasury Bills are sold on fortnightly basis. The auction of 91 days T-Bills are conducted every Wednesday with the notified amount of Rs. 500 crores and the auction of 182 days T-Bills, and 364 days T-Bills are conducted every alternate Wednesday with the notified amount of Rs. 500 crores and Rs. 1000 crores, respectively. The investors in Treasury bills are banks, primary dealers, State governments, Provident funds, financial institutions, Insurance companies, NBFCs, Foreign Institutional Investors and NonResident Indians.