Nirmala Sitharaman chairs 24th meeting of Financial Stability and Development Council
- Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired the 24th meeting of the Financial Stability and Development Council (FSDC).
- Financial Stability and Development Council (FSDC) is the apex level forum set up by the Government of India for strengthening and institutionalizing the mechanism for maintaining financial stability, enhancing inter-regulatory coordination and promoting financial sector development.
- Finance Minister is the chairperson of FSDC. It must be noted that FSDC Sub-Committee is chaired by the Governor, RBI.
Points to remember:
- Who is the chairperson of FSDC?= Union Finance Minister
- Who is the chairperson of the FSDC-Sub Committee?= Governor of RBI
Source: PIB