01185pab a2200145 454500008004000000100001600040245003400056260000900090300001300099362001000112520083100122650003000953650002200983773003401005180718b2002   xxu||||| |||| 00| 0 eng d  aPatil, R.H.  aReforming Indian debt markets  c2002  ap.409-20  a2 Feb  aWhile equity markets in India have got radically transformed since the 1991-92 securities scam, the government securities markets have not changed very much except that the Reserve Bank of India has significantly improved the settlement process.  Recognising the need for introducing transparency and to reform the secondary markets in government securities and money market instruments, the RBI will soon operationalise the Negotiated Dealing System (NDS).  Simultaneously, the Clearing Corporation of India (CCIL), promoted by major banks, financial institutions and primary dealers, will be a key market infrastructure to significantly improve market efficiency and integrity.  Together wilh the NDS, the CCIL will introduce major reforms in the way the government securities and money markets function today. - Reproduced.  aFinancial markets - India  aFinancial markets  aEconomic and Political Weekly