FM Arun Jaitley says govt in talks with RBI on public debt agency

Finance Minister Arun Jaitley said on Friday the government was in consultations with the Reserve Bank of India on setting up an independent public debt management agency (PDMA).

The comments come after the government last month withdrew proposals to set up the agency, with Jaitley adding then the government would consult with the central bank and unveil a new roadmap.

RBI Governor Raghuram Rajan last week denied the central bank was against the idea of a PDMA, and said there was no difference of opinion between the central bank and the government on the issue.

(Reuters)