Currently, the PDMC has only advisory functions to avoid any conflict with the statutory functions of the RBI. The Joint Secretary (Budget)...

The setting up of the PDMA (Public Debt Management Agency) had triggered a conflict between the Centre and the central bank under Rajan.

“The PDMC shall be upgraded to a statutory PDMA in about two years,” the finance ministry said in a statement on Wednesday while announcing...

The Middle Office of the Budget Division in the ministry will be subsumed into PDMC "with immediate effect", a Finance Ministry circular sa...

Reserve Bank of India employees and officers would observe mass casual leave on November 19 pan-India despite the plan being labelled as "i...

In the wake of the protest, settlement activity of the banking system of the country is likely to be disrupted on November 19.

He said the government will also firm up its plan for setting up a non-statutory public debt management agency (PDMA) in the next fortnight.

The government has said it is proposing to set up a Public Debt Management Agency (PDMA) and will ensure a smooth transition to the new sys...

Commerce & Industry Minister Nirmala Sitharaman and Chief Economic Advisor Arvind Subramanian have called for a weak currency in recent day...

"I've served in RBI. So, I know the importance of RBI. Its autonomy should be kept intact," Singh told reporters on the sidelines of an awa...

"I would like the two institutions to work in harmony," said Singh, who had served as RBI governor and then as Finance Minister before beco...

Sources said the government plans to proceed with the setting up of PDMA in a "phased manner" to ensure that the transition is smooth and t...

Finance ministry officials have stood by the plan to set up an independent PDMA to manage the government’s borrowings and outstanding debt.

It’s rare is when the trade union backs the management, especially ones that has been constantly against almost every move of the top execu...

“The evidence over the past 30 years both in India and abroad clearly favours an independent Public Debt Management Agency (PDMA),” says Az...

Talking about the Budget, Rajan said there are lots of plans and intents in the key document and the RBI is going to watch how they are rol...

The move to set up a separate Public Debt Management Agency to manage public debt may reduce the powers of the central bank, says analysts.