FSDC discussed the initiatives taken by the government and the regulators in the recent months to help revive the economy New Delhi: The Financial Stability and Development Council (FSDC) chaired by Finance Minister Nirmala Sitharaman on Thursday cautioned that the Covid-19 poses a serious threat to the stability of the global financial system as the ultimate impact of the crisis and the timing of recovery, is uncertain at this point of time. “While decisive monetary and fiscal policy actions aimed at containing the fallout from the pandemic have stabilised investor sentiment in the short-run, there is a need to keep a continuous vigil by government and all regulators on the financial conditions that could expose financial vulnerabilities
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