NITI Aayog: Independent debt management office must be set up

Niti Aayog Vice-Chairman Rajiv Kumar today made a strong case for setting up an independent debt management office, as better servicing of loans could lead to substantial reduction in India's interest payment.Debt management helps to reduce outstanding, unsecured debts over time to help the debtor regain control of finances. At present, government debt, including market borrowing, is managed [...]