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of <h1>Amendment to Section 21 empowers Central Government to delegate debt management to RBI or Public Debt Management Agency.</h1> Section 21 of the Reserve Bank of India Act, 1934, is amended to replace sub-section (2). The amendment authorizes the Central Government to assign the management of public debt, issuance and management of government bonds and debentures, and issuance of new loans to either the Reserve Bank or the Public Debt Management Agency, as established under section 120 of the Finance Act, 2015. This delegation will be formalized through a notification in the Official Gazette, under conditions mutually agreed upon. Clauses 155 to 157 propose additional amendments to sections 45U and 45W of the Act.
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