Public Debt Management Cell

Public Debt Management Cell (PDMC) has been established to streamline government borrowings and better cash management for deepening bond markets. PDMC is an interim arrangement and will be upgraded to a statutory Public Debt Management Agency (PDMA). Thus, it will requisite preparatory work for PDMA.

It will allow separation of debt management functions from RBI to PDMA in a gradual and seamle…

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