The 16th meeting of the Financial Stability and Development Council (FSDC) was held in New Delhi. 
●    It was chaired by Union Finance Minister Arun Jaitley.  It was attended by heads of all financial sector regulators as its members. 
●    It reviewed the major issues and challenges facing the economy. 
●    Besides, a brief report on the activities undertaken by the FSDC sub-committee chaired by RBI Governor Urjit Patel was placed before the FSDC meeting. 
●    The Central Government had established Financial Stability and Development Council (FSDC) in December 2010 with the Finance Minister as it Chairman. 
●    The idea to create it was first mooted by the Raghuram Rajan Committee on Financial Sector Reforms in 2008.


 

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