Independent public debt management agency by 2018-end
Sunday, April 9, 2017, 2:08 PM
The finance ministry is likely to set up a full-fledged independent public debt management agency by the end of next year to manage government borrowing programme that runs into lakhs of crore. At present, the government debt, including market borrowings, is managed by the Reserve Bank of India. PDMA should hopefully be functional in the last quarter of 2018, sources said.