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Union Minister for Finance Corporate Affairs Smt. Nirmala Sitharaman chaired the 24th meeting of the Financial Stability and Development Council (FSDC) here today. The meeting was attended by Dr. Bhagwat Kishanrao Karad, MoS (Finance); Shri Pankaj Chaudhary, MoS (Finance); Shri Shaktikanta Das, Governor, Reserve Bank of India; Dr. T. V. Somanathan, Finance Secretary and Secretary, Department of Expenditure, Ministry of Finance; Shri Ajay Seth, Secretary, Department of Economic Affairs, Minis
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FAQ :
The 24th meeting of the Financial Stability and Development Council was chaired by Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman.
Attendees included the MoS (Finance), Governor of the Reserve Bank of India, Finance Secretary, Secretaries from various finance-related departments, Chief Economic Adviser, and Chairpersons of SEBI, PFRDA, IBBI, IFSCA, and IRDAI.
The meeting deliberated on financial stability, financial sector development, inter-regulatory coordination, financial literacy, financial inclusion, and macro prudential supervision. Issues like stressed assets, resolution frameworks, and the internationalisation of the Indian Rupee were also discussed.
The FSDC's mandates include ensuring financial stability, promoting financial sector development, coordinating between regulators, and overseeing financial literacy, inclusion, and macro prudential supervision.
It was noted that continuous vigilance by the Government and all regulators on financial conditions is necessary.
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