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PIB digest for Friday, 23 October

30th Meeting of Financial Stability and Development Council

Ministry of Finance · Economy · Posted 23 OCT 2026 7:30PM

What happened

The Union Minister for Finance & Corporate Affairs chaired the 30th meeting of the Financial Stability and Development Council (FSDC) in New Delhi, reviewing macro-financial stability, cyber resilience, and financial sector reforms amidst global uncertainties.

Why it matters for UPSC

Illustrates the functioning of institutional mechanisms for financial stability, inter-regulatory coordination, and macroprudential policy in India's economy.

Key objectives

  1. Reviewed macro-financial stability, cyber resilience, and Fintech innovation including tokenisation of financial assets.
  2. Discussed strategies for strengthening the domestic investment ecosystem, GIFT-IFSC, and digital onboarding for NRIs and FPIs.
  3. Stressed the prompt refund of unclaimed financial assets under the 'Your Money, Your Right' campaign.