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Category : Business and economics
Published on: September 07 2021
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· The Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman chaired the 24th meeting of the Financial Stability and Development Council (FSDC).
· The Finance Minister is the Chairman of the FSDC. It is to be noted that the FSDC sub-committee is chaired by the Governor of RBI.
Important facts
About FSDC: Financial Stability and Development Council
v Founded: December 2010
v FSDC is an apex-level body that was set up by the Government of India to form a super regulatory body.
v Its establishment was first recommended by the Raghuram Rajan Committee in 2008.
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