Press Information Bureau Government of India Ministry of Finance 19-June-2019 20:42 IST FM chairs the 20th Meeting of the Finan...
Press Information Bureau
Government of India
Ministry of Finance
19-June-2019 20:42 IST
FM chairs the 20th Meeting of the Financial Stability and Development Council (FSDC; Financial Regulators gave their proposals for the Union Budget 2019-20
The Meeting reviewed the current global and domestic economic situation and financial stability issues including, inter-alia, those concerning Banking and NBFCs.
The Council was also apprised of the progress made towards setting-up of the Financial Data Management Centre (FDMC) to facilitate integrated data aggregation and analysis as also a Computer Emergency Response Team (CERT-Fin) towards strengthening the cyber security framework for the financial sector.
The Council also held consultations to obtain inputs/ suggestions of the financial sector regulators for the Budget. All the regulators presented their proposals for the Union Budget 2019-20.
The Council also took note of the activities undertaken by the FSDC Sub-Committee Chaired by Governor, RBI and the action taken by Members on the decisions taken in earlier Meetings of the Council.