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of <h1>Finance Bill 2015: Clause 127 mandates Public Debt Management Agency to register government securities holders under Chapter VII.</h1> Clause 127 of the Finance Bill, 2015 mandates the Public Debt Management Agency to maintain a register of holders of government securities, including an index of names. The register maintained by a depository under the Depositories Act, 1996, is considered equivalent for this purpose. The Bill introduces Chapter VII, establishing the Agency to manage public debt, minimize costs, and handle government securities. The Agency's functions include collecting debt information, trading securities, and managing payments. The Central Government oversees the Agency, which is exempt from taxes and may receive government directives. Chapter VIII addresses the Senior Citizens' Welfare Fund.
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