Arun Jaitley to chair 17th meeting of Financial Stability and Development Council (FSDC) was held
Arun Jaitley, the Union Finance Minister, has chaired the 17th meeting of the Financial Stability and Development Council (FSDC) in New Delhi on August 22, 2017. The Council discussed the issues and challenges facing the Indian economy and stressed the need to keep constant vigil to manage any external and internal vulnerability.
The Council noted that India has macro-economic stability today on the back of improvements in its macro-economic fundamentals, structural reforms with the launch of the GST and long-term positive consequences of demonetization. The FSDC also took note of the developments and progress made in setting up of Computer Emergency Response Team in the Financial Sector (CERT-Fin) and Financial Data Management Centre.
The meeting was attended by RBI Governor Urjit Patel, SEBI Chairman Ajay Tyagi, IRDAI Chairman TS Vijayan, PFRDA Chairman Hemant Contractor, Finance Secretary Ashok Lavasa, and other government officials.