Arun Jaitley chairs 16th meeting of Financial Stability and Development Council
- The government expects its measures on elimination of the shadow economy and tax evasion to have a positive impact on GDP and fiscal consolidation in the long run Finance Minister Arun Jaitley said while chairing the Sixteenth Meeting of the Financial Stability and Development Council (FSDC).
- The Council, which has heads of all financial sector regulators as its members, reviewed the major issues and challenges facing the economy in its 16th meeting.
- The Council also reviewed the status of NPAs of public sector banks and the measures were taken by the government and the RBI for tackling the stressed assets and discussed further action to be taken in this regard.
Quick Question for Bank PO/ IBPS Exams 2016-17:
Who chaired the 16th meeting of Financial Stability and Development Council?
- Arun Jaitley.