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of <h1>Finance Bill 2015 Proposes Public Debt Management Agency to Oversee Government Securities and Debt Transactions Efficiently</h1> The Finance Bill, 2015 proposes the establishment of the Public Debt Management Agency (PDMA) to manage public debt efficiently. The PDMA will be a corporate body with perpetual succession and a common seal, empowered to acquire and manage property. Its head office location will be specified by the Central Government, which may also establish branches. The PDMA's functions include managing government securities, collecting and publishing public debt information, and handling debt transactions. The Central Government will oversee its operations, issue directions, and exempt the Agency from taxes. The PDMA will also be responsible for payments related to government securities.
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