By TN Ashok Economics Editor
New Delhi, Feb 28 :
A Public Debt Management Agency (PDMA) is to be set up by the government to bring both India’s external borrowings and domestic debt under one roof, the Union Budget for 2015-16 tabled in parliament today by Finance Minister Arun Jaitley reveals.
Mr Jaitley stated that deepening of the Indian Bond market is one vital factor in promoting investment in India. The process of bringing the Indian Bond Market at the same level as India’s world class equity market is proposed to be initiated by setting-up PDMA.
