PM Narendra Modi to meet top financial experts at NITI Aayog today, review economic growth

New Delhi, 22 Prime Minister Narendra Modi will meet driving market analysts and money related specialists on Saturday during which the macroeconomic circumstance of the nation will be looked into.

Today,s meeting comes in the midst of worries over moderate monetary development in the nation. The abnormal state meeting comes days in front of the introduction of the Union Budget in Parliament by Finance Minister Nirmala Sitharaman on July 5.

As per government sources, Prime Minister Modi will also hold discussions on the Union Budget and the proposition made for citizens.

The meeting is planned to take place at NITI Aayog around 4.30 PM.

During the review meeting, the financial experts and top NITI Aayog authorities will also make introductions before the Prime Minister.

It might be reviewed that Union Finance Minister Sitharaman held a pre-spending meeting with the state fund serves on Friday.

She is planned to display the Union Budget for 2019-20 on July 5. The Economic Survey for the current financial year will be postponed on July 4.

On Wednesday, the Finance Minister held the twentieth gathering of the Financial Stability and Development Council (FSDC) to audit the current worldwide and local monetary circumstance and money related dependability issues including, between alia, those concerning Banking and NBFCs.

The Council was additionally informed of the progress made towards setting-up of the Financial Data Management Center (FDMC) to encourage incorporated information accumulation and examination as also a Computer Emergency Response Team (CERT-Fin) towards strengthening the cyber-security framework for the financial sector.

Nirmala Sitharaman had earlier reviewed the state of the economy and talked about different budget-related suggestions and proposals at a meeting with financial sector regulators here on Wednesday.

The FSDC meeting was also attended by Anurag Thakur, MoS (Finance &Corporate Affairs), Shaktikanta Das, Governor, Reserve Bank of India (RBI); Subhash Chandra Garg, Finance Secretary and Secretary, Department of Economic Affairs; Rajiv Kumar, Secretary, Department of Financial Services; Injeti Srinivas, Secretary, Ministry of Corporate Affairs; Ajay Bhushan Pandey, Revenue Secretary; Dr. Krishnamurthy V. Subramanian, Chief Economic Adviser, Ministry of Finance; Ajay Tyagi, Chairman, Securities and Exchange Board of India; Subhash Chandra Khuntia, Chairman, Insurance Regulatory and Development Authority of India(IRDAI); Dr. M. S. Sahoo, Chairperson, Insolvency and Bankruptcy Board of India (IBBI); Ravi Mital, Additional Secretary, Department of Financial Services and in control, Chairperson, Pension Fund Regulatory and Development Authority(PFRDA); and other senior officers of the Government of India and the Financial Sector Regulators.