21st Meeting of the Financial Stability and Development Council (FSDC)

21st Meeting of the Financial Stability and Development Council
Question: Who chaired the 21st Meeting of the Financial Stability and Development Council (FSDC) on 7th November, 2019?
(a) Nirmala Sitharaman
(b) Shashikant Das
(c) Amitabh Kant
(d) Piyush Goyal
Answer: (a)
Related facts:
  • The 21st Meeting of the Financial Stability and Development Council (FSDC) was held here on 7th November, 2019 under the Chairmanship of the Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman.
  • The meeting was attended by Shaktikanta Das, Governor, Reserve Bank of India (RBI); Atanu Chakraborty, Secretary, Department of Economic Affairs; Rajiv Kumar, Finance Secretary and Secretary, Department of Financial Services and other senior officers of the Government of India and Financial Sector Regulators.
  • The Council reviewed the current global and domestic macro-economic situation and financial stability and vulnerabilities issues, including inter-alia, those concerning NBFCs and Credit Rating Agencies.
  • The Council reviewed the action taken by members on the decision taken by FSDC earlier and held discussions on the proposals submitted for further strengthening of the resolution framework and framework for cyber security of the financial sector.
  • The Council also took note of the activities undertaken by the FSDC Sub-Committee chaired by the Governor, RBI and the initiatives taken by the various regulators in the financial sector.

Links:

https://pib.gov.in/PressReleseDetail.aspx?PRID=1590865

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