Page 37 - Development Council News Today

The FSDC discussed various issues related to formulation of strategy for implementing the decisions of the FSDC and the Union Budget announcements. 

Finance Minister Nirmala Sitharaman chaired the meeting of the Financial Stability and Development Council (FSDC) on Wednesday which discussed the issues related to India's macro financial stability and the preparedness to deal with them.New ...

The Financial Stability and Development Council, chaired by Finance Minister Nirmala Sitharaman, also discussed how to end the adverse impact of unauthorised digital lending and steps to contain their spread.

The FSDC also took note of the activities undertaken by the FSDC Sub-Committee chaired by the Governor, RBI, and the action taken by members on the previous decisions of the FSDC.

The council, comprising key financial regulators and policymakers, explored various facets of financial stability, including enhancing the regulatory environment for the GIFT IFSC to bolster its global stature as a premier international financial center.

Inter-usability of KYC records across the financial sector are on the anvil

The FSDC also discussed plans to formulate a strategy to simplify and digitalise the KYC process in the financial sector. Prescribing uniform KYC norms and

The FSDC deliberates on issues related to macro financial stability and India’s preparedness to deal with them; its members also decide to strengthen inter-regulatory coordination, Union Finance Minister Chairs FSDC's 28th Meeting, Discusses Inter-Regulatory Coordination

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