About FSDC

• Financial Stability and Development Council (FSDC) is an apex-level non-statutory body constituted in 2010 to strengthen and institutionalize the mechanism for maintaining financial stability.
• It is chaired by the Union Finance Minister of India. 
• Its members include the heads of financial sector regulators (RBI, SEBI, PFRDA, IRDA), Finance Secretary and/or Secretary, Department of Economic Affairs, Secretary, Department of Financial Services, and Chief Economic Adviser.
• The Council monitors macro prudential supervision of the economy, including functioning of large financial conglomerates, and addresses inter-regulatory coordination and financial sector development issues. 
• It also focuses on financial literacy and financial inclusion. 
• No funds are separately allocated to the Council for undertaking its activities.

Why in News?

• Finance minister Nirmala Sitharaman chaired the meeting of the Financial Stability and Development Council (FSDC).

https://pib.gov.in/newsite/PrintRelease.aspx?relid=95543