.....The FSDC meeting was attended by RBI Governor Raghuram Rajan, Sebi Chairman UK Sinha, PFRDA Chairman Yogesh Agarwal, Irda Chairman TS Vijayan and all Secretaries of the finance ministry. FMC Chairman Ramesh Abhishek was also present since the commodities’ regulator has now come under the ambit of the finance ministry. Just before the FSDC meeting, all its members, including the finance minister, gave a farewell to former RBI Governor D Subbarao at Delhi’s Gymkhana Club. The FSDC also discussed the possibility of implementation of recommendations of Financial Sector Legislative Reforms Commission (FSLRC). It was decided that all regulators would finalise an action plan for implementation of all FSLRC principles relating to regulatory governance, transparency and improved operational efficiency that do not require legislative action........
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