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/
