Finance minister Arun Jaitley holds talks with key financial regulators

MUMBAI: Finance minister Arun Jaitley on Saturday met financial regulators, including the heads of Reserve Bank of India and Securities Exchange Board of India to discuss key economic indicators. Jaitley chaired the Financial Stability and Development Council (FSDC) meeting at the central bank. FSDC is a financial regulator’s body.

“Key economic indicators were discussed and suggestions of various regulators on financial regulations were taken,” he said. The key challenge for the finance minister is to rein in the rising food prices. Wholesale Price Index-based inflation has gone up to 5.20%, compared with 4.68% in February.

Food inflation too is soaring over 9.10%. The FM is said to have sought suggestions on various financial regulations. He also discussed the Rs 5,600-crore Finance minister Arun Jaitley with Reserve Bank of India governor Raghuram Rajan NSEL scam.