Finance council meets for the first time | business | Hindustan Times
Today in New Delhi, India
Aug 20, 2017-Sunday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Finance council meets for the first time

Finance Minister Pranab Mukherjee on Friday held the first meeting of the Financial Stability and Development Council (FSDC), a high-level body set up to sort out inter-regulatory issues.

business Updated: Dec 31, 2010 21:09 IST

Finance Minister Pranab Mukherjee on Friday held the first meeting of the Financial Stability and Development Council (FSDC), a high-level body set up to sort out inter-regulatory issues.

“We had a very positive and constructive meeting,” said Mukherjee who heads the council, which includes Reserve Bank of India (RBI) governor, finance secretary and heads of regulators such as the Securities and Exchange Board of India (SEBI) and the Insurance Regulatory and Development Authority (IRDA).

“The meeting discussed broad issues regarding the state of economy,” said Ashok Chawla, finance secretary.

The meeting was attended by RBI governor D Subbarao, SEBI chairman CB Bhave and IRDA chairman J Hari Narayan.

When asked whether the meeting discussed the guidelines for coordinating the working of regulators, Hari Narayan said, “I think so.”

The meeting also noted that currency issues, as are being played out, could have implications for India.