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of <h1>Finance Bill 2015: Clause 132 establishes liability for transactions by Public Debt Management Agency, introduces governance and exemptions.</h1> Clause 132 of the Finance Bill, 2015, establishes the Central Government's liability for financial transactions authorized by it and executed by the Public Debt Management Agency. The Bill introduces Chapter VII, proposing the creation of this Agency to manage public debt efficiently, minimizing costs and risks. The Agency's governance will be overseen by a Board appointed by the Central Government. Its functions include managing public debt information, trading in government securities, and issuing such securities. The Agency is exempt from taxes and must adhere to government directions. Chapter VIII addresses the Senior Citizens' Welfare Fund.
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