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Thursday, 17 December 2020

23rd meeting of the Council for Financial Stability and Development


- Finance Minister Nirmala Sitaram presided over the 7th meeting of the Financial Stability and Development Council (FSCC) in New Delhi through video conferencing. 

The members of the Reserve Bank include the Governor of the Reserve Bank, Jaijain, 

The Chairman of the Insurance Regulatory Development Authority of India, and the Chairman of the Pension Fund Regulatory Development Authority.

The meeting discussed key issues related to overall economic development and key issues related to financial stability and related weaknesses.

In the second quarter of 2020-21, the slowdown in growth indicates improvement. 

The meeting was informed that the economy is recovering and will get back on track much earlier than expected.

The need for continued support to the financial sector to further accelerate real economic growth and achieve overall economic goals has also been discussed.

During the meeting, Khwaja also discussed the budget proposals of the Reserve Bank of India and other regulatory bodies.

This is the second meeting in the country after the Kovid-12 epidemic. The earlier meeting was held in May, shortly after the government announced a self-sufficient India package of Rs 21 lakh crore.


Council for Financial Stability and Development (KJAGH)

Khajaghbh was formed in December 2010. 

KHZBH was established with the objective of strengthening and institutionalizing mechanisms for maintaining financial stability, 

Enhancing inter-regulatory coordination and promoting the development of the financial sector.

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