Financial Stability and Development Council News

The Council also discussed the budget proposals submitted by RBI and other Regulators It also noted that the government and all regulators should keep a continuous vigil on the financial conditions that could expose financial vulnerabilities in the medium and long-term It also discussed the challenges involved in the smooth transition of London Interbank Offer Rate (LIBOR) based contracts

Finance Minister Arun Jaitley and Reserve Bank of India Governor Raghuram Rajan will on Tuesday discuss fiscal development and economic issues at a Financial Stability and Development Council (FSDC) meeting.  

Jaitely said, emphasised that action on single demat account and uniform KYC norms be expedited and suitable regulation framework to be put in place.

To revive the investment cycle and boost growth, Finance Minister Arun Jaitley today underlined the need to reduce the cost of doing business and improve the country's business climate.