RBI to continue to regulate government bonds

Published on April 30, 2015 18:02:31 PM
Business
The central government revoked the proposals regarding setting up of independent public debt management agency and let the RBI to continue with the work of regulating government bonds.

Finance Minister, Arun Jaitley had proposed to set up a debt agency during the declaration of annual budget in February. But the proposal led to friction between the RBI and the finance ministry. The ministry has decided to hold back the provisions.