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of <h1>Finance Bill 2015: Clause 128 Allows Nomination for Government Securities; Proposes Public Debt Management Agency.</h1> Clause 128 of the Finance Bill, 2015, outlines provisions for nominating individuals to inherit Government securities upon the holder's death. It allows single or joint holders to nominate a person to whom the securities will vest, overriding other legal dispositions unless altered. If the nominee is a minor, the holder can appoint a guardian. The Bill also proposes establishing the Public Debt Management Agency to manage public debt cost-effectively, under the Central Government's supervision. The Agency's functions include managing Government securities, publishing debt information, and being exempt from taxes. Additionally, it introduces a chapter on the Senior Citizens' Welfare Fund.
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