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of <h1>Finance Bill 2015 proposes Public Debt Management Agency under Chapter VII to oversee public debt and securities.</h1> The Finance Bill, 2015 proposes the establishment of the Public Debt Management Agency (PDMA) under Chapter VII, empowering the Central Government to manage public debt efficiently. The PDMA will operate under the Central Government's supervision, with its Board managing its affairs. The Agency's functions include collecting data on public debt, trading in government securities, and managing related transactions. The Central Government may issue directions to the Agency and exempt it from taxes. Additionally, the Bill grants the Central Government authority to make rules for the PDMA's operations, which must be presented to Parliament for approval or modification.
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