The government on Friday said an independent office to manage the Centre’s debt will be set up through an executive order till the time a proposed Bill is passed by Parliament.
The government on Friday said an independent office to manage the Centre’s debt will be set up through an executive order till the time a proposed Bill is passed by Parliament.
In its Mid-Year Economic Analysis presented in Parliament, the finance ministry said it is in “consultations with the RBI” on setting up a Public Debt Management Agency (PDMA).
The ministry has proposed to make PDMA an autonomous agency that will act as an investment banker to the government and will raise capital through bonds for the government.
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