Finance Minister Nirmala Sitharaman reviewed the state of the economy and discussed various budget-related suggestions and proposals at a meeting with financial sector regulators reported PTI.
Sitharaman will present the first budget of Modi 2.0 government on July 5 against the backdrop of India’s economy hitting a five-year low growth of 6.8 per cent in 2018-19.
Financial sector regulators, including RBI Governor Shaktikanta Das, Sebi Chairman Ajay Tyagi, and IRDAI chief Subhash Chandra Khuntia, and top finance ministry officials were present in the meeting of the Financial Stability and Development Council (FSDC) headed by the finance minister, an official release said.
“As discussed in the other FSDC meetings, there was a general review of the current state of the economy, of the overall macro-economic situation, global developments, and there was a discussion on the forthcoming budget and various budget-related suggestions and proposals,” the RBI governor said after the meeting.
The regulators and the concerned secretaries of the government were present in the meeting, he said. The FSDC is the apex body of sectoral regulators.