NEW DELHI: On Friday, finance minister Arun Jaitley will convene a meeting with financial sector regulators to chalk out decisions to be made for the Union Budget 2018. Financial Stability and Development Council (FSDC) is a high-powered body, whose members include RBI Governor, Sebi Chairman, IRDAI chief and heads of other regulatory bodies. Besides, top Finance Ministry officials would be attending the meeting.
The meeting comes in the backdrop of government deciding to borrow an extra Rs 50,000 crore from the market, a move that has raised alarms of a fiscal slippage.