Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chairs 30th Meeting of Financial Stability and Development Council (FSDC) in New Delhi, today

Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired the 30th meeting of the Financial Stability and Development Council (FSDC) in New Delhi. The Council reviewed macro-financial stability, geopolitical uncertainties, the AI boom, and global bond yields. Discussions covered digital modernization, Fintech innovation, tokenisation of financial and real-world assets, and the Financial Sector Cyber Security Strategy (FSCSS) to protect Critical Information Infrastructure and Regional Rural Banks. The FSDC also reviewed strategies for strengthening the domestic investment ecosystem in GIFT-IFSC, simplifying KYC for NRIs and FPIs, scaling Digital Public Infrastructure like Account Aggregator and Unified Lending Interface (ULI), reducing financial intermediation costs, and expediting the refund of unclaimed assets through the "Your Money, Your Right" campaign.