INSUBCONTINENT EXCLUSIVE:
held a pre-budget meeting with finance ministers of all the states
She is scheduled to present the budget for 2019-20 on July 5
The Economic Survey for the current financial year will be tabled on July 4.On Wednesday, the Finance Minister held the 20th meeting of the
Financial Stability and Development Council (FSDC) to review the current global and domestic economic situation and financial stability
issues including, inter-alia, those concerning Banking and NBFCs.The Council was also apprised of the progress made towards setting-up of
the Financial Data Management Centre (FDMC) to facilitate integrated data aggregation and analysis as also a Computer Emergency Response
Team (CERT-Fin) towards strengthening the cybersecurity framework for the financial sector.The Council also held consultations to obtain
inputs/ suggestions of the financial sector regulators for the Budget
All the regulators presented their proposals for the Union Budget 2019-20
It also took note of the activities undertaken by the FSDC Sub-Committee Chaired by Governor, RBI and the action taken by Members on the
decisions taken in earlier Meetings of the Council.Nirmala Sitharaman had earlier reviewed the state of the economy and discussed various
budget-related suggestions and proposals at a meeting with financial sector regulators here on Wednesday.The FSDC Meeting was also attended
by Anurag Thakur, MoS (Finance -Corporate Affairs), Shaktikanta Das, Governor, Reserve Bank of India (RBI); Subhash Chandra Garg, Finance
Secretary and Secretary, Department of Economic Affairs; Rajiv Kumar, Secretary, Department of Financial Services; Injeti Srinivas,
Secretary, Ministry of Corporate Affairs; Ajay Bhushan Pandey, Revenue Secretary; Dr
Subramanian, Chief Economic Adviser, Ministry of Finance; Ajay Tyagi, Chairman, Securities and Exchange Board of India; Subhash Chandra
Khuntia, Chairman, Insurance Regulatory and Development Authority of India(IRDAI); Dr
Sahoo, Chairperson, Insolvency and Bankruptcy Board of India (IBBI); Ravi Mital, Additional Secretary, Department of Financial Services and
in charge, Chairperson, Pension Fund Regulatory and Development Authority(PFRDA); and other senior officers of the Government of India and
