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Public Debt Management Agency News

28 Aug 2016

RBI unions urge MPs to stop public debt management agency

RBI employee unions have urged MPs and state finance ministers to stop a proposed Public Debt Management Agency (PDMA), saying the move to withdraw the RBI`s powers to regulate government securities will cost the government heavily.

Finance Ministry

20 Sep 2015

FinMin seeking other ministries' comments on shell PDMA

The Finance Ministry is seeking comments of other ministries on creation of a shell public debt management agency (PDMA), an interim arrangement before the launch of a full-fledged agency to manage government debt.

18 Aug 2015

Consensus between govt, RBI on monetary policy panel: FinMin

The government and the Reserve Bank have reached a consensus on the structure for the proposed Monetary Policy Committee and Public Debt Management Agency, said Finance Secretary Rajiv Mehrishi.

Monetary Policy Committee

13 Aug 2015

Bill to set up monetary policy committee likely in next Parl session: Mehrishi

Government may push amendments to the RBI Act in the Winter Session of Parliament for setting up a public debt management agency and a monetary policy committee (MPC) that will decide on the key interest rate.

02 Jun 2015

PDMA: Rajan denies disconnect with Finance Ministry

Asserting that Finance Minister Arun Jaitley is on the same page as him on creating a public debt management agency (PDMA), RBI Governor Raghuram Rajan on Tuesday said it would be unwise to move things away from the Reserve Bank without discussions and disrupt a smooth-functioning market for "hypothetical gains".

14 May 2015

Rajan says no differences over PDMA; wants independent agency

Ruling out any differences with the government over creation of a Public Debt Management Agency (PDMA), RBI Governor Raghuram Rajan on Thursday said the new body should be "suitably independent of influences".

Reserve Bank of India

09 May 2015

RBI's autonomy should be kept intact: Manmohan Singh

The RBI and the Finance Ministry need to work in harmony, former Prime Minister Manmohan Singh said today, even as he stressed on the need to keep the central bank's autonomy intact.

Reserve Bank of India

09 May 2015

Finance Ministry, RBI need to work in harmony: Manmohan Singh

Reportedly there are differences between RBI and Finance Ministry over PDMA plan.

30 Apr 2015

Jaitley drops PDMA; RBI to regulate govt bonds for now

Setting at rest the controversy with regard to regulation of government bonds for the time being, Finance Minister Arun Jaitley today dropped from the Finance Bill 2015 the proposal to set up a separate Public Debt Management Agency (PDMA), outside of the RBI's ambit.

30 Apr 2015

Government withdraws proposal to set up new public debt management agency

Jaitley added that the government is in consultation with RBI to prepare a detailed road-map for setting up a separate debt management agency.

23 Mar 2015

No differences with govt over setting up of PDMA: RBI

There are no differences with the government over setting up of an agency for raising public debt, RBI Deputy Governor S S Mundra said Friday.

22 Mar 2015

PDMA should be independent of govt and RBI: Raghuram Rajan

Public Debt Management Agency (PDMA) should be independent of the government as well as the central bank for ensuring fiscal discipline, RBI Governor Raghuram Rajan said on Sunday.

Reserve Bank of India

04 Mar 2015

Rajan says he doesn't see debt mgmt agency clipping RBI wings

Reserve Bank Governor Raghuram Rajan Wednesday said he is not worried about the proposed Public Debt Management Agency (PDMA) and possibility of the apex bank losing its powers after the new body comes into existence.

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