24th FSDC Meeting

Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired the 24th meeting of the Financial Stability and Development Council (FSDC) here today.
The meeting was attended by (PT Pointers for Banking and State PSC Exams)
1. Dr. Bhagwat Kishanrao Karad, MoS (Finance);
2. Shri Pankaj Chaudhary, MoS (Finance);
3. Shri Shaktikanta Das, Governor, Reserve Bank of India;
4. Dr. T. V. Somanathan, Finance Secretary and Secretary, Department of Expenditure, Ministry of Finance;
5. Shri Ajay Seth, Secretary, Department of Economic Affairs, Ministry of Finance;
6. Shri Tarun Bajaj, Secretary, Department of Revenue, Ministry of Finance;
7. Shri Debasish Panda, Secretary, Department of Financial Services, Ministry of Finance;
8. Shri Rajesh Verma, Secretary, Ministry of Corporate Affairs;
9. Dr. Krishnamurthy V. Subramanian, Chief Economic Adviser, Ministry of Finance;
10. Shri Ajay Tyagi, Chairperson, Securities and Exchange Board of India;
11. Shri Supratim Bandyopadhyay, Chairperson, Pension Fund Regulatory and Development Authority;
12. Dr. M. S. Sahoo, Chairperson, Insolvency and Bankruptcy Board of India; Shri Injeti Srinivas, Chairperson, International Financial Services Centres Authority;
13. Ms. T. L. Alamelu, Member (Non-Life), Insurance and Regulatory Development Authority of India; and the
14. Secretary of the FSDC, Department of Economic Affairs, Ministry of Finance.
The meeting deliberated on the various mandates of the FSDC, viz., Financial Stability, Financial Sector Development, Inter-regulatory Coordination, Financial Literacy, Financial Inclusion, and Macroprudential supervision of the economy including the functioning of large financial conglomerates etc.
It was noted that there is a need to keep a continuous vigil by Government and all regulators on the financial conditions.
The Council also, inter alia, discussed issues relating to management of stressed assets, strengthening institutional mechanism for financial stability analysis, financial inclusion, framework for resolution of financial institutions and issues related to IBC processes, banks’ exposure to various sectors and Government, data sharing mechanisms of government authorities, internationalisation of Indian Rupee and pension sector related issues.
The Council also took note of the activities undertaken by the FSDC Sub-Committee chaired by the Governor, RBI and the action taken by members on the past decisions of FSDC.

Source: PIB

Join Our Telegram

Oceanic Anoxic Event 1a and MASS EXTINCTION

Oceanic Anoxic Event 1a and MASS EXTINCTION

25 Dec, 24
SHARE

Oceanic Anoxic Event 1a from the Paris Basin (Environment) Paper-3 PMP OAE 1a refers to a period during the Cretaceous Period (145 million years ago and ended 66 million years ago) when Earth's oceans became depleted of oxygen, causing a significant disruption in marine life. Cause: The event is believed to have been

Viksit Panchayat Karmayogi (Good governance)

26 Dec, 24
SHARE

Viksit Panchayat Karmayogi (Good governance) Governance GS PAPER-2 PMP Dr. Jitendra Singh launched the ‘Viksit Panchayat Karmayogi’ initiative on Good Governance Day, celebrated to mark the 100th birth anniversary of former Prime Minister Atal Bihari Vajpayee. The initiative, which is part of the broader ‘Prashasan Gaon

Major programmes to control Air Pollution

23 Dec, 24
SHARE

Major programmes to control Air Pollution National Clean Air Programme? It was launched by the Ministry of Environment, Forests and Climate Change (MoEFCC) in January 2019. It is the first-ever effort in the country to frame a national framework for air quality management with a time-bound reduction target. The

Air pollution and Air quality Measures in India

21 Dec, 24
SHARE

Air pollution and Air quality Measures in India (Environment) GS Paper-3 P-M-P Air pollution may be defined as the presence of any solid, liquid or gaseous substance including noise and radioactive radiation in the atmosphere in such concentration that may be directly and/or indirectly injurious to humans or other l

Geopolitical Significance of Ports

20 Dec, 24
SHARE

Geopolitical Significance of Ports (IR) Act as geopolitical assets: Ports enhance the projection of strategic reach, which helps strengthen the country’s control over important sea and energy supply routes. E.g. Indian Navy’s staging base at Agalega Islands will enable marine patrols