Finance Minister Nirmala Sitharaman to chair FSDC meeting on June 10
New Delhi: Finance minister
Nirmala Sitharaman
will chair a meeting of
Financial Stability and Development Council
(FSDC) in Mumbai on June 10 to review current domestic and
global economic scenario
and regulatory and supervisory issues, a senior official said.
The 29th meeting of the FSDC-also comprising heads of financial sector regulators and top finance ministry officials-comes at a time when external headwinds, especially uncertainties around the US tariff policy and geopolitical conflicts, continue to pose risks to global as well as Indian growth.
Also, allegations of fraud or financial wrongdoing have hit
Gensol Engineering
and
IndusInd Bank
, prompting authorities to swing into action.
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The
FSDC meeting
is expected to be attended by
Reserve Bank of India
governor Sanjay Malhotra and Sebi chairman Tuhin Kanta Pandey, among other regulatory heads.
Top finance ministry officials, including finance secretary Ajay Seth, expenditure secretary Vumlunmang Vualnam, revenue secretary Arvind Shrivastava and financial services secretary M Nagaraju, will also take part in it.
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The economy grew at a faster-than-expected rate of 7.4% in the March quarter, driving up the full-year (FY25) growth to the projected 6.5%. It was supported by a rebound in private consumption and strong investment.
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