(a) whether Public Debt-Gross Domestic Product ratio has been
increasing over the years;
(b) if so, the details thereof ;
(c) whether the Government is planning to introduce the Public Debt
Management Agency of India Bill;
(d) if so, the details thereof ; and
(e) the steps being taken by the Government in this regard?
MINISTER OF STATE IN THE MINISTRY OF FINANCE(SHRI NAMO NARAIN MEENA)
(a): No, Sir.
(b): Does not arise.
(c), (d) and (e): The Government has set up a Middle Office in the
Ministry of Finance to facilitate the transition to a full fledged Debt
Management Office. The Government has also proposed to introduce
the Public Debt Management Agency of India Bill in the current financial
year in pursuance of the announcement made in the Budget Speech, 2011-12.
A sub-group has been constituted under Joint Implementation
Committee (JIC) and draft legislation has been prepared and forwarded
to Reserve Bank of India for their comments.