Apart from RBI Governor, Securities and Exchange Board of India (Sebi), Insurance Regulatory and Development Authority of India (IRDAI) and Chairman of Pension Fund Regulatory and Development Authority (PFRDA) are members of FSDC. Senior officials of the Finance Ministry will also participate in this meeting.

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In this meeting, various aspects of the relief package announced by the government on May 12, about Rs 21 lakh crore, are likely to be discussed. The government has announced this package to help various sectors of the country in this time of economic crisis arising out of the lockdown implemented to prevent the corona virus.

According to sources, from February till now, various measures announced by RBI for strengthening the economy and their impact will be discussed in the FSDC meeting.



The RBI said last week that the impact of the Kovid-19 has been more severe than anticipated and the country’s economy may see a contraction in the current financial year.