The seventeenth Meeting of the Financial Stability and Development Council (FSDC) was held in New Delhi under the Chairmanship of the Union Minister of Finance, Shri Arun Jaitley. A brief report on the activities undertaken by the FSDC Sub-Committee Chaired by Governor, RBI was placed before the FSDC.
The Council discussed the Central KYC Registry (CKYCR) system. The Council also deliberated on strengthening the regulation of the Credit Rating Agencies (CRAs).
Important Takeaways from Above News-
- Present Finance Minister of India is Mr. Arun Jaitley.
- R. K. Shanmukham Chetty was the First Finance Minister of Independent India.
Source- The Hindu