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Financial Stability and Development Council (FSDC) Reconstituted
May 27 , 2018
2368 days
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- The Union Government has reconstituted Financial Stability and Development Council (FSDC) to include secretaries from revenue department as well as Ministry of Information Technology (MeitY).
- It will include Chairman of the Insolvency and Bankruptcy Board of India (IBBI).
- FSDC is a super-regulatory body for regulating financial sector which is vital for bringing healthy and efficient financial system in the economy of the country.
- Union Finance Minister is chairman of FSDC and it was set up in 2010 by then Finance Minister Pranab Mukherjee.
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