Comments
The Finance Ministry plans to set up a public debt management agency through an executive order, according to the government's mid-year economic report on Friday.
Finance Minister Arun Jaitley had announced in February a plan to set up a new agency in charge of selling debt on behalf of the government, taking that function away from the Reserve Bank of India.
However, the government has yet to unveil the agency as discussions have continued with the central bank, given RBI Governor Raghuram Rajan has expressed some reluctance about giving away debt management powers to a government agency.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.