Arun Jaitley To Have Pre-Budget Meeting today

New Delhi, December 29: Finance Minister Arun Jaitley will chair pre-Budget consultation meeting with financial sector regulators Today and take stock of the economic situation.

According to the sources, The Meeting will likely discuss on the sections of Fiscal position, external sector environment, financial sector reforms, rising non-performing assets and regulatory issues.

The FSDC members include the Reserve Bank of India (RBI) Governor as well as heads of regulatory bodies like Sebi for the capital markets and IRDAI for the insurance sector.

Senior Finance Ministry officials would also be attending Friday's meeting, the sources said. They also said that apart from offering proposals for the forthcoming Budget, the FSDC would also review the measures taken by the government and the RBI for dealing with NPAs and initiating insolvency proceedings against defaulting promoters.