Demonetisation – Absorbing the Excess Liquidity…

The decision to raise the limit for issue of bonds under MSS (Market Stabilization Scheme) is a prudent move and brings this innovative scheme in focus again. The arrangement also shifts the burden of holding cash from the Banks and RBI on to the government and would help stabilise the money market. A look at the scheme […]

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Understanding Public Debt Management Agency..

Government’s notification last week to set up a public debt management cell (PDMC), to be converted into PDMA in two years, is one more step ahead in financial sector reforms. Contrary to perception, the idea had been floating around for more than a decade with a committee submitting its report in 2008. The only difference […]

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