Budget 2015-16: Public Debt Management Agency to be Set Up

Finance Minister Arun Jaitley on Saturday said that a Public Debt Management Agency (PDMA) will be set-up which will bring both India's external borrowings and domestic debt under one roof.

Presenting the General Budget 2015-16 in the Lok Sabha, 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," he said.