FSDC enlarged to include MoS, revenue secretary amid rising oil prices

Also included is Meity secretary in the wake of data security issues

The government has expanded the Financial Stability and Development Council (FSDC), a body of financial sector regulators, the finance minister and key financial bureaucrats, by including the minister of state for finance, as well as two more secretaries in it. 

Almost a year after the goods and services tax (GST) was rolled out, the government has included the revenue secretary (currently, Hasmukh Adhia) in FSDC.

FSDC, which looks at any headwinds or parameters that have potential to disturb financial stability, included the revenue secretary at a time when the crude hovering around $80 a barrel threatens to disturb key macroeconomic