<h1>India to Establish Financial Stability Development Council in December 2010 for Enhanced Financial Oversight and Coordination.</h1> The Financial Stability Development Council (FSDC) is set to be established in December 2010 following consultations by the Ministry of Finance with financial sector regulators. FSDC aims to address issues such as financial stability, sector development, inter-regulatory coordination, financial literacy, and inclusion. It will also oversee macro-prudential supervision of the economy, including large financial conglomerates, and coordinate India's international interactions with bodies like the Financial Action Task Force (FATF) and Financial Stability Board (FSB). This information was disclosed by the Minister of State for Finance in response to a query in the Rajya Sabha.