The Advisory Group on Insurance Regulation met the officials of Life Insurance Corporation of India and the Advisory Group on Fiscal Transparency had extensive discussions with all State Finance Secretaries and the Office of Comptroller and Auditor General of India. Advisory Groups have, in most cases, co-opted market participants and members from professional bodies as special invitees.
The SDF rate is applicable on uncollateralised overnight deposits and would act as a financial stability tool1. 8. Projections of currency in circulation (CiC) also constitutes a key element of our liquidity management operations.