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English Release 17-April 2014
Date Month Year
  • Vice President's Secretariat
  • Vice President Addresses at Golden Jubilee and 48th Convocation of the Indian Institute of Foreign Trade
  • Min of Commerce & Industry
  • Commerce Secretary to Lead High-Level Delegation to India Show in Hong Kong
  • Min of Defence
  • Indian Air Force Placement Cell (IAFPC) and Monster India Collaborate to Foster Job Opportunities for Retired Air Warriors
  • Admiral RK Dhowan PVSM, AVSM, YSM
  • Admiral RK Dhowan Appointed the New CNS
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket increased to US$ 107.50 per bbl on 16.4.2014
  • Ministry of Railways
  • Commodity-Wise Freight Revenue Earnings During Fiscal 2013-14
  • Ministry of Water Resources
  • Storage of Important Reservoirs in the Country (As on 27 March 2014)

Previous Date

 
Ministry of Finance12-October, 2010 16:14 IST
Financial Stability and Development Council (FSDC) to be set up to Strengthen and Institutionalize the Mechanism of Financial Stability and Development
The Finance Minister Shri Pranab Mukherjee today held a meeting with the Regulators and officials of Ministry of Finance on the creation of Financial Stability & Development Council (FSDC). The discussion paper had been earlier circulated by the Ministry of Finance to all stake holders and suggestions were received. It was agreed that with a view to strengthen and institutionalize the mechanism for maintaining financial Stability and Development, the Central Government would set-up the apex Council. Without prejudice to the autonomy of regulators, this Council would engage in macro prudential supervision of the economy, including the functioning of large financial conglomerates and address inter-regulatory coordination issues. It will also focus on financial literacy and financial inclusion. The Council shall also look into issue relating to financial development from time to time. The Council would have one Sub-Committee which would be headed by Governor, RBI. The Secretariat of the said Council would be in the Department of Economic Affairs, Ministry of Finance.

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DSM
(Release ID :66284)

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