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of <h1>Finance Bill 2015 amends RBI Act to let RBI manage public debt, issue bonds with government approval under section 21(2).</h1> Clause 154 of the Finance Bill, 2015 proposes amendments to the Reserve Bank of India Act, 1934. It seeks to modify section 17 by adding a proviso that allows the Reserve Bank to perform functions related to managing public debt and issuing bonds and debentures for the Central Government. This is contingent upon the Central Government issuing a notification under section 21(2) of the Act, authorizing the Reserve Bank to undertake these responsibilities. The commencement of these provisions will be determined by the Central Government through a notification, with the possibility of different dates for various provisions.
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