Liability for Financial transactions.

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..... Clauses 118 to 142 of the Bill seeks to insert a new Chapter VII in the Finance Bill, 2015 which deals with the Public Debt Management Agency. The said Chapter proposes-- (a) to empower the Central Government to establish an Agency called Public Debt Management Agency with a view to minimising the cost of raising and servicing public debt over the long-term within an acceptable level of risk at al .....

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..... (e) to provide that the Agency shall be responsible for making the payment to holders of Government securities in accordance with the terms of such Government securities; (f) to empower the Central Government to issue directions to the Agency from time to time; and (g) to exempt the Agency from payment of taxes. Clauses 143 to 150 of the Bill seek to insert a new Chapter VIII relating to Senior C .....

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