आर्थिक कार्य विभाग DEPARTMENT OF Economic Affairs

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Public Debt Management Cell

Public Debt Management Cell is an interim arrangement before setting up an independent and statutory debt management agency namely the Public Debt Management Agency (PDMA).

PDMC has the following advisory functions to the Government."

  1. Plan borrowings of the Government, including market borrowings, other domestic borrowings, SGBs
  2. Manage Central Government’s liabilities including NSSF, contingent liabilities.
  3. Monitor cash balances of the Government, improve cash forecasting and promote efficient cash management practices.
  4. Advise other Divisions in DEA on matters related to External Debt involving external borrowings through MI, Bilateral Co-operation, other possible sources, in terms of cost, tenure, currency, hedging requirements, etc., and monitor developments in foreign exchange markets.
  5. Foster a liquid and efficient market for Government securities
  6. Develop interfaces with various stakeholders/agencies in the regulatory/financial architecture etc. to carry out assigned functions efficiently.
  7. Advice on matters related to investment and capital market operations.
  8. Undertake research work related to new products development, market development, risk management, debt sustainability assessment, other debt management functions, etc.
  9. Develop a database system for collecting and maintaining comprehensive database of Government of India liabilities on a near real time basis and shall be responsible for publication of relevant information.
  10. Carry out Preparatory work for independent PDMA.
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