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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).

Finance Minister Nirmala Sitharaman chairs 24th meeting of FSDC

Category : Business and economics
Published on: September 07 2021 Share on facebook

·         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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