000			01236pab a2200169 454500
008			180718b2002 xxu||||| |||| 00| 0 eng d
100			_aPatil, R.H.
245			_aReforming Indian debt markets
260			_c2002
300			_ap.409-20
362			_a2 Feb
520			_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.
650			_aFinancial markets - India
650			_aFinancial markets
773			_aEconomic and Political Weekly
909			_a51209
999			_c51209 _d51209