PM meets fin regulators

NEWDELHI: Prime minister Narendra Modi on Thursday met financial sector regulators and discussed their preparedness to deal with the post-covid-19 world and further measures that the government can take to boost economic recovery while maintaining financial stability in the system.

The meeting was attended by chiefs of the Reserve Bank of India, Securities and Exchange Board of India, Insurance Regulatory and Development Authority and Pension Fund Regulatory and Development Authority of India. Finance minister Nirmala Sitharaman, defence minister Rajnath Singh and road, transport and highways minister Nitin Gadkari were also present.

“The meeting took stock of the pre-covid-19 and post-covid-19 world and the challenges the regulators may face in coming days,” a government official said under condition of anonymity.

A second official said issues related to China were also discussed. India has taken a host of measures to curb dependence on China after a violent border clash left 20 Indian soldiers and an unspecified number of Chinese troops dead.