{"id":10475,"date":"2023-05-09T05:53:26","date_gmt":"2023-05-09T00:23:26","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=10475"},"modified":"2025-03-29T20:30:43","modified_gmt":"2025-03-29T15:00:43","slug":"financial-stability-and-development-council-fsdc","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/financial-stability-and-development-council-fsdc\/","title":{"rendered":"Financial Stability and Development Council (FSDC)"},"content":{"rendered":"<h2><strong>About Financial Stability and Development Council (FSDC):<\/strong><\/h2>\n<ul>\n<li>It is an <strong>apex-level forum<\/strong> <strong>constituted<\/strong> by the Government of India <strong>in<\/strong> <strong>December 2010.<\/strong><\/li>\n<li><strong>Status<\/strong>: FSDC is <strong>not a statutory body<\/strong>. <strong>No funds are separately allocated<\/strong> to the council for undertaking its activities.<\/li>\n<li><strong>Objective<\/strong>: <strong>Strengthening and institutionalizing<\/strong> the mechanism for <strong>maintaining financial stability,<\/strong> enhancing <strong>inter-regulatory coordination<\/strong> and promoting <strong>financial sector development.<\/strong><\/li>\n<li><strong>Composition<\/strong>:\n<ul>\n<li>It is <strong>chaired by the Union Finance Minister<\/strong> of India.<\/li>\n<li>Its <strong>members include the heads of financial sector Regulators<\/strong> (RBI, SEBI, PFRDA, IRDA &amp; FMC) Finance Secretary and\/or Secretary, Department of Economic Affairs, Secretary, Department of Financial Services, and Chief Economic Adviser.<\/li>\n<li>The Council <strong>can invite experts<\/strong> to its meeting if required.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Functions<\/strong>:\n<ul>\n<li>It <strong>monitors macroprudential supervision of the economy<\/strong>, including the functioning of large financial conglomerates.<\/li>\n<li>It <strong>addresses inter-regulatory coordination<\/strong> and <strong>financial sector development issues.<\/strong><\/li>\n<li>It also focuses on <strong>financial literacy and financial inclusion<\/strong>.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Sub-committee of FSDC<\/strong>:\u00a0\n<ul>\n<li>A sub-committee of FSDC has also been <strong>set up under the chairmanship of Governor RBI.<\/strong>\u00a0<\/li>\n<li><strong>It discusses and decides on a range of issues<\/strong> relating to financial sector development and stability, including substantive issues relating to inter-regulatory coordination.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3>Q1)\u00a0What are Macroprudential policies?<\/h3>\n<p>Macroprudential policies are financial policies aimed at ensuring the stability of the financial system as a whole to prevent substantial disruptions in credit and other vital financial services necessary for stable economic growth.<\/p>\n<p><strong>Source:\u00a0<\/strong><a href=\"https:\/\/economictimes.indiatimes.com\/news\/economy\/finance\/nirmala-sitharaman-chairs-the-27th-meeting-of-financial-stability-and-development-council-watch\/videoshow\/100076174.cms?from=mdr\" target=\"_blank\" rel=\"nofollow noopener\"><u>Nirmala Sitharaman chairs the 27th meeting of Financial Stability and Development Council, watch!<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FSDC is an apex-level forum constituted by the Government of India in December 2010.<\/p>\n","protected":false},"author":5,"featured_media":10476,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-10475","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/10475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=10475"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/10475\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/10476"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=10475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=10475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=10475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}