Finance minister Arun Jaitley moved amendments to the finance bill 2015, deleting the provision on setting up an independent public debt management agency (PDMA).
“The government in consultation with the RBI will prepare a detailed roadmap separating the debt management function and the market infrastructure from the RBI,” Jaitley said in Parliament.
RBI had raised concerns about a government’s proposal to take away regulation of money markets away from the cenral bank.
Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/
Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram.
Shares of Capri Global Capital Ltd. surged 9 percent to an intraday high of ₹260.85 on Wednesday, extending… Read more →
BharatPe is set to appoint Yugal Tiwari, former Senior Vice President – Product at Paytm, as its Chief… Read more →
Ketan Merchant’s tenure as Interim Chief Executive Officer at Fino Payments Bank Ltd has been extended for another… Read more →
Bank of Baroda, India’s International Bank, has announced the launch of UPI Global Reverse Acceptance, enabling international tourists,… Read more →
InCred Capital has launched InCred Black, a specialised wealth management platform designed for ultra-high-net-worth individuals (UHNIs), unicorn founders,… Read more →
Cashfree Payments has launched Relay, an AI-powered “Super Agents” platform designed to automate end-to-end payment operations for small… Read more →
