Friday, April 13, 2012

Independent DMO likely to manage govt's borrowing: Sources

.........the government’s point of view is that there is a conflict of interest in the inherent responsibility of the RBI as the monetary authority and as a debt management body as well, since it would be biased towards a low interest cost regime. Hence the government says that debt management should be a separate independent and autonomous body, which now has been envisioned in this bill and the DMO is likely to be an independent body.............

Read............

No comments: