01236pab a2200169 454500 180718b2002 xxu||||| |||| 00| 0 eng d Patil, R.H. Reforming Indian debt markets 2002 p.409-20 2 Feb While 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. Financial markets - India Financial markets Economic and Political Weekly 51209 51209 51209 0 0 0 0 IIPA IIPA 2018-07-19 Volume no: 37, Issue no: 5 AR51637 2018-07-19 2018-07-19 AR