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        Budget

        Public Debt Management Agency (PDMA) to be Set Up

        February 28, 2015

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        A Public Debt Management Agency (PDMA) will be set-up which will bring both India’s external borrowings and domestic debt under one roof. Presenting the General Budget 2015-16 in the Lok Sabha here today, the Union Finance Minister Shri Arun Jaitley stated that deepening of the Indian Bond market is one vital factor in promoting investment in India. The process of bringing the Indian Bond Market at the same level as India’s world class equity market is proposed to be initiated by setting-up PDMA.

        Public Debt Management Agency consolidates external and domestic government debt to deepen the bond market and promote investment. Creation of a Public Debt Management Agency centralising external and domestic government debt management into one institution to deepen the domestic bond market and promote investment, initiated via the national budget as the first step toward bond market development.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Public Debt Management Agency consolidates external and domestic government debt to deepen the bond market and promote investment.

                                Creation of a Public Debt Management Agency centralising external and domestic government debt management into one institution to deepen the domestic bond market and promote investment, initiated via the national budget as the first step toward bond market development.


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