Debt Management in India: Need for Separation and Independence

A discussion of the long-standing proposal to establish a Public Debt Management Agency that would be independent of the central bank. There is need for a separation but there must be greater clarity than at present on the independence the agency will enjoy from the central government.

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Bibliographic Details
Published inEconomic and political weekly Vol. 49; no. 26/27; pp. 23 - 25
Main Authors KANAGASABAPATHY, K, SINGH, CHARAN
Format Journal Article
LanguageEnglish
Published Sameeksha Trust 28.06.2014
Subjects
COMMENTARY
Debt management
Domestic debt
Financial liabilities
Government reform
Investment management companies
Liability management
Public debt
Securities management
State government
Time deposits
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Summary:A discussion of the long-standing proposal to establish a Public Debt Management Agency that would be independent of the central bank. There is need for a separation but there must be greater clarity than at present on the independence the agency will enjoy from the central government.
ISSN:0012-9976
2349-8846