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of <h1>Finance Bill 2015: Central Government Can Direct Public Debt Management Agency Under Clause 137, Decisions are Final.</h1> Clause 137 of the Finance Bill, 2015 empowers the Central Government to issue policy directions to the Public Debt Management Agency, with such decisions deemed final. The Agency must be given a chance to present its views before any directions are issued and is obliged to comply with them. The Bill introduces a new chapter to establish the Agency, aiming to minimize public debt costs while managing risk. The Agency's functions include managing government securities and public debt information. Additionally, the Agency is exempt from taxes, and the Central Government will oversee its operations through a designated Board.
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