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Financial Stability and Development Council

AC with 0 elementsFinancial regulatory authorities of IndiaGovernment agencies of IndiaGreat RecessionRegulatory agencies of India
Use Indian English from September 2019

Financial Stability and Development Council (FSDC) is an apex-level body constituted by the government of India. The idea to create such a super regulatory body was first mooted by the Raghuram Rajan Committee in 2008. Finally in 2010, the then Finance Minister of India, Pranab Mukherjee, decided to set up such an autonomous body dealing with macro prudential and financial regularities in the entire financial sector of India. An apex-level FSDC is not a statutory body. The recent global economic meltdown has put pressure on governments and institutions across the globe to regulate their economic assets. This council is seen as India's initiative to be better conditioned to prevent such incidents in future. The new body envisages to strengthen and institutionalise the mechanism of maintaining financial stability, financial sector development, inter-regulatory coordination along with monitoring macro-prudential regulation' of economy. No funds are separately allocated to the council for undertaking its activities. Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired the 26th meeting of the Financial Stability and Development Council (FSDC) on September 15, 2022.

Excerpt from the Wikipedia article Financial Stability and Development Council (License: CC BY-SA 3.0, Authors).

Financial Stability and Development Council
Brassey Avenue, New Delhi Rakab Ganj (Chanakya Puri Tehsil)

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N 28.614777777778 ° E 77.205027777778 °
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Brassey Avenue
110004 New Delhi, Rakab Ganj (Chanakya Puri Tehsil)
Delhi, India
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Raisina Hill
Raisina Hill

Raisina Hill (IAST: Rāyasīnā Pahāṛī), often used as a metonym for the seat of the Government of India, is an area of New Delhi, housing India's most important government buildings, including Rashtrapati Bhavan, the official residence of The President of India on citadel at Raisina Hill and the Secretariat building housing the Prime Minister's Office and several other important ministries. The hill is seen as an Indian acropolis with Rashtrapati Bhavan as the Parthenon. Under the Central Vista project, the Prime Minister’s residence will be shifted behind the existing South Block, while the V-P’s residence is proposed to be relocated behind North Block. The Vice President's enclave will be on a site of 15 acres, with 32 five-storey buildings at a maximum height of 15 meters. The Prime Minister's new office and residence will be on a site of 15 acres, with 10 four-storey buildings at a maximum height of 12 meters with a building for keeping Special Protection Group. The project also includes converting North and South Blocks into public museums, creating an ensemble of new secretariat buildings to house all ministries. As a geographic feature, The "Raisina hill" is a slightly elevated portion 266 m (873 ft) high, about 18 m (59 ft) higher than the surrounding area and is located in a well-drained area between the Delhi Ridge and the Yamuna River with good drainage facility too. The Raisina Hill is open to the public and offers individual and group guided tours. The Raisina Hill buildings continue to attract thousands of visitors from across the world for the sense of grandeur they project.

Jaipur Column
Jaipur Column

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Rajya Sabha
Rajya Sabha

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Parliament Security Services
Parliament Security Services

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