The Finance Minister recently chaired the 29th meeting of the Financial Stability and Development Council (FSDC). FSDC is a top-level non-statutory body formed by the Government of India in December 2010. Its main aim is to ensure financial stability and promote development in the financial sector. The council is chaired by the Union Finance Minister and includes key members like the Governor of Reserve Bank of India (RBI), Finance Secretary, and heads of regulatory bodies like Securities and Exchange Board of India (SEBI), Insurance Regulatory and Development Authority of India (IRDAI), and Pension Fund Regulatory and Development Authority (PFRDA).
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