Finance Minister Arun Jaitley today chaired the 17th meeting of the Financial Stability and Development Council (FSDC) in New Delhi.
Finance Minister Arun Jaitley chairs 17th meeting of FSDC
The Council discussed the issues and challenges facing the Indian economy and stressed the need to keep constant vigil to manage any external and internal vulnerabilities.
The Council noted that India has macro-economic stability today on the back of improvements in its macro-economic fundamentals, structural reforms with the launch of the GST and long-term positive consequences of demonetization.
The FSDC also took note of the developments and progress made in setting up of Computer Emergency Response Team in the Financial Sector (CERT-Fin) and Financial Data Management Centre.
Chief Economic Adviser, Dr. Arvind Subramanian made a presentation on the state of economy.
RBI Governor Urjit Patel was also present in the meeting.
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