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RBI, SEBI oppose statutory powers for FSDC

PUBLISHED ON: August 3, 2010 | Duration: 2 min, 35 sec

   
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With the ULIP ordinance now being converted into a bill, the focus has shifted to the proposed Financial Stability Development Council or FSDC. Once again the FSDC seems to have created a split amongst regulators with the RBI and SEBI opposing the proposal to make the FSDC a statutory body while the IRDA and PFRDA seem in favour of it.
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