FSDC Meeting: Recovery to be faster than predicted; focus on support for financial sector Budget proposals submitted by the Reserve Bank of India and other regulators were discussed at the meeting. December 16, 2020 3:29:17 am Finance Minister Nirmala Sitharaman (centre) at the FSDC meeting at North Block in New Delhi on Tuesday. (PTI) The Financial Stability and Development Council (FSDC) on Tuesday discussed measures that may be needed to support the financial sector for achieving faster real economic growth and achieving the overall macroeconomic targets. Finance Minister Nirmala Sitharaman chaired the FSDC meeting, which was attended by financial sector regulators and senior government officials, via videoconference.