
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.
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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.

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Economic Times
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Time of India
22 minutes ago
- Time of India
Largecap mutual funds see over 50% decline in May inflows. Profit booking or shift in investor preference?
With largecap mutual funds seeing a drop of over 50% in monthly inflows during May 2025, an experts attribute the decline to profit-taking and a shift toward higher-yielding categories. Investors, they say, often chase recent outperformers rather than adhering to a disciplined, goal-based asset allocation strategy. 'The recent stronger returns in mid and small-cap funds may have induced many investors to reallocate in pursuit of higher gains, and their portfolios may have consequently been diverted from their original risk-return profiles,' Rajesh Minocha, a Certified Financial Planner (CFP), Founder of Financial Radiance, shared with ETMutualFunds. Also Read | Midcap and smallcap mutual funds witness decline in inflows. Are investors shifting focus? Play Video Play Skip Backward Skip Forward Mute Current Time 0:00 / Duration 0:00 Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Belly Fat Removal Without Surgery in Algeria: The Price Might Surprise You Belly Fat Removal | Search Ads Get Info Undo Another expert is of a similar opinion that this tactical shift is for higher growth by choosing riskier categories. 'The sharp decline suggests a tactical shift among investors toward higher-growth, though riskier, segments like mid and small caps. It also reflects some degree of profit booking , as large-cap indices had already seen a considerable run-up in the months prior,' said Himanshu Srivastava – Associate Director- Manager Research, Morningstar Investment Research India. Live Events In May, large cap funds received total inflows of Rs 1,250 crore against an inflow of Rs 2,671 crore in April, witnessing a decline of nearly 53% on a monthly basis. Yearly, these funds saw a growth of 89% from an inflow of Rs 663 crore in May 2024. 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Mint
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