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The government has kick-started the process to set up an independent body to manage its debt. It is proposed to be vested with a new autonomous agency, National Treasury Management Agency (NTMA).
The government on Friday released a draft Bill to create a debt management office, which would be a statutory corporate body acting as an agent of both the central and state governments.
* Three-month interbank rates inch lower, spreads still wide
SAN DIEGO - More and more workers find themselves having to deal with a host of major financial decisions they thought they wouldn't have to make just yet. For example, now that I'm leaving my job, what do I do with my 401 retirement plan?
MUMBAI, Nov 20 (Reuters) - Indian overnight indexed swaps fell to 4-½ year-lows, as government bond yields dropped, amid rate cut expectation and easing inflation, dealers said.
Nov. 20 (Bloomberg) -- Money market rates in Asia declined on speculation central banks around the world will step up efforts to boost lending as inflation wanes.
By Richard Leong
What does it mean?
Nov. 19 (Bloomberg) -- Money market rates advanced in Australia and Japan as banks remained reluctant to offer credit amid a global recession. The rate Australian banks charge each other for three-month loans rose a second day, climbing 1.2 basis points to 4.63 percent in Sydney.
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