While the NDS-OM now accounts for a significant share of the total traded volume in government securities, the countrywide, anonymous, screen based, order driven system for trading in government securities introduced in the stock exchanges (NSE, BSE and OTCEI) in January 2003 has continued to suffer from very poor trading volumes, which need to be looked into for revival.
Corporate debt market In order to activate the corporate debt market, the government had appointed an expert committee (Chairman: R.H. Patil) to provide directions on how this is to be done (Government of India, 2005).