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19th Meeting of the FSDC
November 3 , 2018
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- The 19th Meeting of the Financial Stability and Development Council (FSDC) under the Chairmanship of the Union Minister of Finance and Corporate Affairs Arun Jaitley held at New Delhi.
- It reviewed the current global and domestic economic situation and financial sector performance and discussed at length the issue of real interest rate, current liquidity situation, including segmental liquidity position in NBFCs and mutual fund space.
Financial Stability and Development Council
- FSDC is a super regulatory body for regulating financial sector which is vital for bringing healthy and efficient financial system in economy of the country.
- Its is chaired by the Union Finance Minister and its other members are
- Heads of the financial sector regulatory authorities (i.e., RBI, SEBI, IRDA, and PFRDA),
- Finance Secretary,
- Department of Economic Affairs (Union Finance Ministry) Secretary
- Department of Financial Services (Union Finance Ministry) Secretary
- Chief Economic Adviser.
- The FSDC can invite experts to its meeting if required.
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