
Finance Minister Nirmala Sitharaman to review economy at FSDC meeting on June 10
Finance Minister
Nirmala Sitharaman
is set to review the state of the economy amid global uncertainties at a meeting of the
Financial Stability
and Development Council (FSDC) on June 10.
The 29th meeting of the high-level panel, to be held at Mumbai, will be attended by all financial sector regulators, including
RBI Governor
Sanjay Malhotra, sources said.
This would be the first meeting after India recorded a growth of 6.5 per cent in FY25, the slowest in the last four years.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Linda Kozlowski, 67, Shows Off Her Perfect Figure In A New Photo
Today's NYC
Undo
The meeting, chaired by the Finance Minister, comes after the Reserve Bank announced a record dividend of Rs 2.7 lakh crore for FY25 last month. The dividend for FY25 was 27.4 per cent more than the payout in 2023-24 of Rs 2.1 lakh crore.
Indian economy
expanded at a faster pace than expected in the last quarter of the 2024-25 fiscal, helping clock a 6.5 per cent growth rate in the year that elevated its size to USD 3.9 trillion and held promise of crossing the world's fourth-largest economy, Japan, in FY26.
Live Events
The Indian economy grew at 7.4 per cent in January-March - the fourth and final quarter of FY25, reflecting a strong cyclical rebound that was helped by a rise in private consumption and robust growth in construction and manufacturing, according to the data released by the National Statistics Office (NSO) last week.
In the meeting, the finance minister will review the current global and domestic economic situation and financial stability issues.
Sitharaman is likely to discuss ways to curb
digital fraud
as it poses a challenge to the financial system and various financial regulators are grappling with the issue of this menace, sources said.
Besides, the council may also review the progress of measures approved earlier for further development of the financial sector, and to achieve inclusive economic growth with macroeconomic stability.
The
FSDC meeting
will also review activities undertaken by the FSDC sub-committee, chaired by the RBI governor and the action taken by members on the past decisions of FSDC.
Besides the RBI governor, Securities and Exchange Board of India (SEBI) Chairperson Tuhin Kanta Pandey, Insolvency and Bankruptcy Board of India (IBBI) Chairman Ravi Mital and International Financial Services Centres Authority Chairperson K Rajaraman will attend the meeting.
According to sources, the FSDC meeting will also be attended by Minister of State for Finance Pankaj Chaudhary, Finance Secretary Ajay Seth, Expenditure Secretary Vumlunmang Vualnam, Revenue Secretary Arvind Shrivastava, Financial Services Secretary M Nagaraju and other top officials of the finance ministry.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Hans India
20 minutes ago
- Hans India
AP sports policy among the best in country: SAAP chairman
Rajamahendravaram: Andhra Pradesh has introduced one of the best sports policies in the country, thanks to Chief Minister N Chandrababu Naidu's strong commitment to the development of sports, said Sports Authority of Andhra Pradesh (SAAP) Chairman Ravi Naidu. Inaugurating the Godavari Pushkaralu Indoor Sports Complex at Venkataramaiah Nagar in the second division on Wednesday, he said that Andhra Pradesh's sports policy goes beyond those of other Indian states. Foundation stones were laid for 142 development projects and inauguration ceremonies were held for 19 works, totalling Rs 58.41 crore in investments. Speaking at the public gathering, Ravi Naidu stated that the new policy includes a comprehensive plan to promote sports from the grassroots level. The reservation quota for sportspersons in government jobs has been increased from 2% to 3%, and Olympic gold medalists will now be rewarded with Rs 7 crore and a Group 1 government job. In the latest DSC notification, 421 posts have been reserved under the sports quota, Naidu said. He also mentioned that athletes achieving success at the state and national levels are being given significant support by the government. Expressing his delight over the inauguration of the Indoor Sports Complex, he said that after Tirupati, Rajamahendravaram is the only city in the state to offer rifle shooting facilities. Plans are underway to introduce water sports shortly as well. Municipal Commissioner Ketan Garg said the government is giving priority to sports and is providing the necessary infrastructure to support athletes. He also stated that 25 parks are being beautifully developed, and efforts are being made to improve 20 traffic junctions across the city. Rajamahendravaram City MLA Adireddy Srinivas said that the government aims to transform the city into a major sports hub. The Godavari Pushkaralu Indoor Sports Complex will stand as a milestonein the city's history, created not just to offer basic amenities to pilgrims during Pushkaralu, but also to promote sports, he added. The complex was built with a total budget of Rs 3.41 crore, Rs 1.91 crore from municipal general funds, and Rs 1.5 crore from SAAP funds. It includes facilities for carroms, chess, table tennis, shooting, snooker, billiards, and a gym. It is expected to generate an annual revenue of Rs 10 lakh for the municipal corporation. MLA added that under the Khelo India initiative, a multi-purpose sports complex worth Rs 50 crore is being planned at the city's lorry stand area. Speaking on the occasion, MLC Somu Veerraju described Khelo India as a remarkable initiative aimed at identifying and nurturing sports talent. He said the objective is to enable Indian athletes to make their mark on the global sporting stage by providing the necessary facilities and encouragement. AP Settibalija Corporation Chairman Kudupudi Sattibabu, Ex-Corporator Varre Srinivas, JSP leader Y Srinivas, SE (Engineering) M Ch Koteswara Rao, Executive Engineers P Rita and Madhavi, CMM Ramalakshmi, and other municipal officials and staff participated.


Mint
31 minutes ago
- Mint
Stocks to buy under ₹100: Experts recommend five shares to buy today — 12 June 2025
Stocks to buy under ₹ 100: The Indian stock market continued to trade volatile for the sixth straight session on Wednesday. The Nifty 50 index ended higher for the sixth straight session and finished at 25,141. The BSE Sensex gained 123 points and closed at 82,515, while the Bank Nifty index went off 169 points and closed at 56,459. Sectorally, oil & gas, IT, and pharma were the major gainers, demonstrating strength even in a consolidating market. However, Nifty PSU Banks, FMCG, and metal sectors ended the day in the red. In a change from recent trends, the Nifty Mid-cap and Small-cap indices broke their winning streak today. The Nifty Mid-cap 100 Index fell by 0.49%, while the Nifty Small-cap 100 Index went down by 0.53%. However, market breadth remained decisively positive, with advancing stocks significantly outpacing declining ones, as indicated by a BSE advance-decline ratio of 1.24. On the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, "Looking ahead, market participants will closely track key economic data points, with US CPI data released on Wednesday, followed by the UK GDP print and India's CPI inflation reading, due on Thursday. Positive developments on the US-China trade front and the India-EU FTA could influence sentiment and set the tone for near-term market direction." Speaking on the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index, after consolidating since the last two days, witnessed a volatile session with the initial half progressed ahead to scale the 25,200 zones while post-lunch session succumbed to profit booking to end near the 25,150 level with sentiment slightly turning cautious. The index has the 25,000 zones as the near-term support, while on the upside, the 25,500 level can be expected in the coming sessions once there is a breach above the hurdle of 25,200 levels, with overall bias maintained strong." "The Bank Nifty index has witnessed another session of profit booking to slip further from the peak made near the 57,000 zone, and with the 55,800 to 56,000 band maintained as the important support from the current level, the index is still in the strong territory but would need a decisive breach above the 57,000 level to anticipate for fresh upward move in the coming days to maintain the positive bias intact," Shiju Kuthupalakkal said. Regarding stocks to buy today, market experts Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Mahesh M Ojha, AVP—Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshil Jain, Head of Research at Lakshmishree Investment and Securities, recommended these five intraday stocks: Lloyds Enterprises, NMDC Steel, Sterlite Technologies, Fedders Holding, and Ugar Sugar Works. 1] Lloyds Enterprises: Buy at ₹ 73, Target ₹ 83, Stop Loss ₹ 70. 2] NMDC Steel: Buy at ₹ 40 to ₹ 41, Targets ₹ 42.40, ₹ 43.80, ₹ 46, Stop Loss ₹ 38.80; and 3] Sterlite Technologies: Buy at ₹ 76.50 to ₹ 77, Targets ₹ 78.50, ₹ 80, ₹ 82, ₹ 85, Stop Loss ₹ 74.60. 4] Fedders Holding: Buy at ₹ 50, Targets ₹ 53, ₹ 54.80, Stop Loss ₹ 48.40. 5] Ugar Sugar Works: Buy at ₹ 51, Target ₹ 58, Stop Loss ₹ 48 (Closing Basis).


Hans India
36 minutes ago
- Hans India
11 Years Of NDA Rule: India's infra boom driving ‘Ease of Living', says Modi
New Delhi: Prime Minister Narendra Modi on Wednesday said it has been 11 years of infrastructure revolution and asserted that India's rapidly expanding infrastructure network is boosting 'Ease of Living' and enhancing prosperity. "It's been #11YearsOfInfraRevolution, with outstanding infrastructure being added that has enhanced India's growth trajectory," Modi said on X. From railways to highways, ports to airports, India's rapidly expanding infrastructure network is boosting 'Ease of Living' and enhancing prosperity, the PM said. Modi shared a thread from a government's citizen engagement platform that highlighted new India's infrastructure development over the last 11 years. "Smart Cities. Safer Roads. Smoother Commutes- #NewIndia's Infrastructure Promise. India's infrastructure is racing into the future under PM @narendramodi's leadership," the post on the MyGovIndia read. "It's a journey where steel and spirit merge, and each milestone carries the hopes of a billion. Highways that shorten distances, bridges that unite communities, and digital networks that spark innovation - India is building more than infrastructure. It's building confidence, connectivity and a beautiful canvas for every Indian dream," it said. The thread highlighted that the momentum shift isn't just about progress - it's about a promise to uplift every citizen and transform India's future. In another post, Modi said, "India's push for next-gen infrastructure is powered by sustainability and long term vision." It is laying the foundations of a self-reliant India, he said.