Govt in talks with RBI on public debt agency - Jaitley

Image
Reuters DELHI
Last Updated : May 22 2015 | 1:07 PM IST

DELHI (Reuters) - Finance Minister Arun Jaitley said on Friday the government was in consultations with the Reserve Bank of India on setting up an independent public debt management agency (PDMA).

The comments come after the government last month withdrew proposals to set up the agency, with Jaitley adding then the government would consult with the central bank and unveil a new roadmap.

RBI Governor Raghuram Rajan last week denied the central bank was against the idea of a PDMA, and said there was no difference of opinion between the central bank and the government on the issue.

(Reporting by Manoj Kumar; Writing by Rafael Nam; Editing by Douglas Busvine)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 22 2015 | 1:00 PM IST

Next Story