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πŸ“° News ⏱ 2 min
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Key Points

5 points
1

The council emphasized vigilance amid geopolitical uncertainties and rapid technology changes.

2

It highlighted the need for stronger coordination among financial regulators and cybersecurity agencies.

3

Proposals were made to simplify digital onboarding for overseas investors and Indian citizens living abroad.

4

Efforts to expand the Account Aggregator framework and Unified Lending Interface for small businesses were reviewed.

5

The Finance Minister called for more frequent council meetings to address emerging risks promptly.

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Summary

Members examined global economic trends, the impact of artificial intelligence, and rising international bond yields.

The council discussed encouraging financial technology innovation, including the tokenisation of assets, and improving digital public infrastructure.

A key focus was speeding up the return of unclaimed financial assets such as bank deposits, shares, and pension funds to their rightful owners.

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New Words to Learn

7 words
Financial Stability
the ability of the money system to stay strong and avoid crises
Cybersecurity
protecting computer systems and data from attacks
Tokenisation
converting real assets like money or property into digital tokens that can be traded online
Macro‑financial developments
large‑scale economic changes that affect the whole country
Geopolitical uncertainties
unpredictable events caused by relationships between countries
Regulators
government officials who enforce rules for banks and financial companies
Digital public infrastructure
online systems that help people access services like banking and identity verification
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