One element of responding to the fiscal stress that India is now facing consists of the creation of the Debt Management Office. I have an article in Financial Express titled What is the right time to build a DMO?, and there is one in Economic Times by Siddharth Shah, Chittaranjan Datar and Nirvaan Gupta titled Is India ready for debt management office?. Also see this editorial in Financial Express on the new Cash Management Bills.
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LaTeX mathematics works. This means that if you want to say $10 you have to say \$10.
How's this new department different from the FRBM?
ReplyDeleteLooking at how US Congress routinely raises debt limit, I don't have much hopes.