FM Nirmala Sitharaman to discuss India’s economic state in FSDC meeting today


New Delhi: In order to analyse India’s economic state amid global and domestic challenges, Union Finance Minister Nirmala Sitharaman is set to chair a meeting of the Financial Stability Development Council (FSDC) on Monday.

The 27th meeting of the high-level panel will be attended by all financial sector regulators, which will include RBI Governor Shaktikanta Das, sources said.

It would be the first meeting of the FSDC after the passage of the Rs 45 lakh crore Budget for the Financial Year 2023-24 highlighting majorly capital expenditure with an outlay of Rs.10,00,961 crore.

The FSDC sits at the pinnacle over sectoral regulators, headed by the Union Finance Minister.

The focus of this meeting would be to discuss the current global and domestic economic situation and financial stability issues, as well as those concerning banking and NBFCs given the failure of Silicon Valley Bank and Signature Bank and liquidity pressure being faced by Credit Suisse, sources said.

Together with this, the council perhaps will review the progress made by the measures approved earlier for further development of the financial sector, and also to achieve inclusive economic growth with macroeconomic stability.

The council will also review the activities undertaken by the FSDC sub-committee conducted by the RBI governor and the action taken by members on the previous decisions taken by FSDC, PTI reported.

Latest Numbers

In the latest bi-monthly policy, RBI slightly revised upward the economic growth projection for the current fiscal to 6.5 per cent, which was estimated at 6.4 per cent earlier.

While disclosing the first bi-monthly monetary policy of the 2023-24 fiscal in April, RBI governor Shaktikanta Das told that the GDP growth in the first quarter of 2023-24 is anticipated at 7.8 per cent.

On the other hand, growth for the second, third, and fourth quarters of the current fiscal has been predicted to be at 6.2 per cent, 6.1 per cent and 5.9 per cent.

Who is going to attend the meeting?

Along with RBI governor, Insurance Regulatory and Development Authority of India (IRDAI) chairman Debashish Panda, Pension Regulatory and Development Authority’s newly appointed chairman Deepak Mohanty, Insolvency and Bankruptcy Board of India(IBBI) chairman Ravi Mital with Securities and Exchange Board of India chairperson Madhabi puri Buch to attend the meeting.

As per sources, the FSDC meeting will also be joined by Ministers of State for Financer Bhagwat Kishanrao Karad, Economic Affairs Secretary Ajay Seth, Finance Secretary T V Somanathan, Financial Services Secretary Vivek Joshi, Revenue Secretary Sanjay Malhotra in company with other top officials of the finance ministry.

The post FM Nirmala Sitharaman to discuss India’s economic state in FSDC meeting today appeared first on News24 English.

Also Read




'Badhaai Do' movie,1,'The Kerala Story',2,'Zeeshan Maggie Point',1,"kerala story",1,@preganest,1,accident,2,Actor Salman Khan,1,Actress Priyanka Chopra,1,Air India,1,Arjun Tendulkar,1,Arshia Goswami,1,Article,4,Barbed wire,1,Bhopal,2,Bike Rider Agastya Chauhan,1,bodyguard missbehave,1,Box Office Collection,1,Boxing Champion Mary Kom,1,Bundelkhand,1,Business,23,Chhatarpur,1,CM Shivraj Singh Chouhan,4,codecanyon,3,Comedian,1,Congress MLA Omkar Singh Markam,1,Controversial Movie,1,converting to Islam,1,couples goal,1,creativity,1,Crime news,1,Deadlifts 60 kg,1,Deendayal Antyodaya Rasoi Kendras,1,Delhi airport,1,Delhi metro,1,Development Scheme,1,Dhirendra Shastri,1,Disastrous Plastic Surgeries,1,District hospitals,1,Diwali a National Holiday,1,Donatella Versace,1,DPR,2,Dubai woman,1,Education / Employment,2,Eid Party,1,Eight-Year-Old,1,Elections 2024,2,Entertainment,14,Environment,1,Fashion,1,Female Engineer Uber Driver,1,Film 'Kisi Ka Bhai Kisi Ki Jaan',1,Filmfare Awards 2023,1,first water metro,1,Food,2,Government,1,Hakuto-R,1,health sector,1,IIFA 2023,1,IIT Indore,1,India,1,India news,4369,Indian Muslim,1,Indian news,1,Indore,3,Indore court,1,instragram,1,IPL,1,IPL 2023,2,Kanya Vivah-Nikah Yojana,1,Katrina Kaif,1,Kochi,1,Latest news,1,Lifestyle,6,Lifstyle,1,loss of cat,1,Lucknow,1,Maa Kali',1,Madhya Pradesh,19,Mahakal lok,1,Mahakaleshwar temple,1,main,19,Man naked and garlanded with shoes,1,Mantralya,1,Men wearing skirt,1,Menstrual Hygiene Day 2023,1,Mexican Giant Turtle,1,MIT,1,mobile phone,1,modular kitchens,1,Moon,1,MP Weather Update,1,Mumbai,2,Munawwar Farooqui,1,National,162,National Paper Airplane Day 2023,1,Navlakha,1,News,1,Nick Jonas,1,Northeastern University,1,Nothing Phone (1),1,Pennsylvania,1,pet parrots,1,plants mango saplings,1,PM Narendra Modi,3,politics,1,PTI – The Siasat Daily,3,Rachit Agarwal,1,Rashid rover,1,Realme Narzo N53,1,record-breaking century,1,renewable energy sector,1,Royal deaths,1,Rs 70 lakh,1,Russia Ukraine ongoing conflict,1,Sagar,1,salman khan,1,Sanatan Dharma,1,Sara Tendulkar,1,Sardar Vallabhbhai Patel Park,1,Shah Rukh Khan,1,Shah Rukh Khan's Airport Video goes viral,1,Shalini's Unconventional Divorce Photoshoot,1,Shubam Gill,1,Shubham Gill,1,Six-month-old Infant Dies,1,Social Dynamics,1,social media,1,South Actresses,1,South Africa,1,South Indian Comedian,1,Spending husband's money,1,Sports,16,Summer Season,1,Tarek Fatah,1,Tech,3,Temples,1,Trending,1,tweet,1,Ujjain,1,Ukraine Defence Ministry,1,University of Glasgow,1,US-Canada Border,1,US-India Visa,1,Vicky Kaushal,1,video viral,2,viral video,3,Virat Kohli and Gautam Gambhir,2,Water crisis,1,WiFi,1,Wildlife,1,Wired Food Combinations,1,World News,2097,youtuber,1,
FM Nirmala Sitharaman to discuss India’s economic state in FSDC meeting today
FM Nirmala Sitharaman to discuss India’s economic state in FSDC meeting today
ASE News
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content