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Regular-article-logo Tuesday, 16 July 2024

FSDC meet on Thursday to assess impact of lockdown

It will also examine the stimulus measures doled out by the government

Our Special Correspondent New Delhi Published 26.05.20, 09:06 PM
This will be the first meeting of the FSDC, which comprises the RBI governor and other financial sector regulators, after the outbreak of the coronavirus. The FSDC meeting, to be chaired by the finance minister Nirmala Sitharaman, will held via video conferencing, sources said.

This will be the first meeting of the FSDC, which comprises the RBI governor and other financial sector regulators, after the outbreak of the coronavirus. The FSDC meeting, to be chaired by the finance minister Nirmala Sitharaman, will held via video conferencing, sources said. PTI

In a move to assess the impact of coronavirus led lockdown on the economy and the stimulus measures doled out by the government, finance minister Nirmala Sitharaman has called the meeting of the Financial Stability and Development Council (FSDC) on Thursday.

This will be the first meeting of the FSDC, which comprises the RBI governor and other financial sector regulators, after the outbreak of the coronavirus.

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The FSDC meeting, to be chaired by the finance minister, will be held via video conferencing, sources said.

Apart from reviewing the lockdown impact on the economy, the meet would discuss the regulatory hurdles which come in the way of the smooth implementationof the policy measures.

The meet would take up steps which need to be taken to boost economic growth.

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