Debt Management in India: Need for Separation and Independence

• Published in: Economic and political weekly Vol. 49; no. 26/27; pp. 23 - 25
• Main Authors: KANAGASABAPATHY, K, SINGH, CHARAN
• Format: Journal Article
• Language: English
• 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

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.