Finance Minister Arun Jaitley will address the boards of RBI and SEBI on Sunday and is likely to impress upon the them the need to be proactive to promote financial inclusion and boost growth.
The customary post-Budget meeting of the Finance Minister with the boards of the two regulators on August 10 is taking place against the backdrop of pick up in economic indicators after India posted sub-five per cent growth for two fiscals in a row.
The Reserve Bank will announce its third bi-monthly monetary policy tomorrow amid expectations that it may cut rates and take other steps to promote industrial activities.Jaitley was earlier scheduled to address the RBI board on Saturday.
As regards market SEBI, the Government is pushing in Parliament the SEBI Amendment bill which seeks to empower the regulator in cracking down on ponzi schemes.