The Financial Stability and Development Council (FSDC), headed by Finance Minister Arun Jaitley, will meet tomorrow to take stock of the prevailing economic situation.

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Fiscal situation, external sector environment, financial sector reforms, rising non-performing assets and regulatory issues are likely to figure in the meeting, sources said.

FSDC is a high-powered body, whose members include RBI Governor, Sebi Chairman, IRDAI Chief and heads of other regulatory bodies. Besides, top finance ministry officials will also attend the meeting.

In April, a sub-committee of FSDC had reviewed major developments on the global and domestic fronts that impinge on the country's financial stability.

The sub-committee was chaired by RBI Governor Urjit Patel.

The government has set up the FSDC to strengthen and institutionalise mechanism to maintain financial stability, enhance inter-regulatory coordination and promote financial sector development.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)