The RBI governor said preserving long-term stability of the financial system is the key to recovery of economic growth
Finance Minister Nirmala Sitharaman on Thursday reviewed the state of the economy at the meeting of the Financial Stability and Development Council (FSDC), in view of disruptions caused by the COVID-19 pandemic
Finance Minister Nirmala Sitharaman has called a meeting of the Financial Stability and Development Council (FSDC) on Thursday, which among other things will discuss the impact of COVID-19 on the financial sector and the economy
Arun Jaitley holds high-level meeting to discuss liquidity issues; no discussion on RBI-govt differences, says report
Unlike in the past, all the four RBI deputy governors attended Tuesday's FSDC meeting along with Patel.
RBI also proposes to recommence the Financial Inclusion Advisory Committee to take the financial inclusion agenda forward, Deputy Governor SS Mundra, said.
Reaffirming the government's commitment to keep finances in check, the finance minister said he is against "slackening the vigil in the area of fiscal consolidation".
According to a 2013 status report published by global financial sector oversight body FSB (Financial Stability Board), India is progressing well on implementation of various G20 recommendations, including the regulatory framework for large financial conglomerates.