NEW DELHI: Finance Minister Arun Jaitley will chair pre-Budget consultation meeting with financial sector regulators on Friday and take stock of the commercial scenario. Fiscal place, external sector atmosphere, financial sector reforms, rising non-performing property and regulatory issues are likely to determine in the meeting, resources mentioned.
Financial Stability and Development Council (FSDC) is a high-powered frame, whose contributors come with RBI Governor, Sebi Chairman, IRDAI Chief and heads of alternative regulatory bodies. Besides, best Finance Ministry officers would be attending the meeting.
Apart from providing proposals for the Union Budget 2018 -19, the FSDC would additionally overview the measures taken by way of the government and the RBI for dealing with the stressed property and initiation of insolvency action in opposition to defaulting promoters.
The executive on Thursday offered in the Lok Sabha a invoice to make amendments to the Insolvency and Bankruptcy Code (IBC) to make answer procedure more straightforward for in poor health corporations.
Tightening regulations to stop errant founders from misusing the 11-month-old chapter regulation to regain keep an eye on, the government previous this month barred promoters whose borrowings were classified as non-performing for a 12 months or extra and which can be unable to pay past due quantities, including pastime and charges.
Reversing the five quarters of slowing GDP enlargement, Indian economy expanded by way of 6.3 per cent in July-September on the again of a pick-up in production. The gross home product (GDP) enlargement had hit a three- 12 months low of five.7 per cent in the first quarter of 2017-18. It was 7.5 per cent in the September quarter of 2016-17.
The Finance Ministry had on Wednesday mentioned it could borrow an additional Rs 50,000 crore through issue of government securities to satisfy the expenditure needs.
Financial Stability and Development Council (FSDC) is a high-powered frame, whose contributors come with RBI Governor, Sebi Chairman, IRDAI Chief and heads of alternative regulatory bodies. Besides, best Finance Ministry officers would be attending the meeting.
Apart from providing proposals for the Union Budget 2018 -19, the FSDC would additionally overview the measures taken by way of the government and the RBI for dealing with the stressed property and initiation of insolvency action in opposition to defaulting promoters.
The executive on Thursday offered in the Lok Sabha a invoice to make amendments to the Insolvency and Bankruptcy Code (IBC) to make answer procedure more straightforward for in poor health corporations.
Tightening regulations to stop errant founders from misusing the 11-month-old chapter regulation to regain keep an eye on, the government previous this month barred promoters whose borrowings were classified as non-performing for a 12 months or extra and which can be unable to pay past due quantities, including pastime and charges.
Reversing the five quarters of slowing GDP enlargement, Indian economy expanded by way of 6.3 per cent in July-September on the again of a pick-up in production. The gross home product (GDP) enlargement had hit a three- 12 months low of five.7 per cent in the first quarter of 2017-18. It was 7.5 per cent in the September quarter of 2016-17.
The Finance Ministry had on Wednesday mentioned it could borrow an additional Rs 50,000 crore through issue of government securities to satisfy the expenditure needs.
Jaitley to chair pre-Budget meet with financial sector regulators
![Jaitley to chair pre-Budget meet with financial sector regulators]()
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December 28, 2017
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