Finance Minister P Chidambaram met key regulators and policy makers on Wednesday to review the impact of the global financial crisis on the country and measures to tackle it.

The meeting, which took place at the North Block office of the Finance Minister, was attended by top economists, including RBI Governor D Subbarao, RBI Deputy Governor Rakesh Mohan, plan panel Deputy Chairman Montek Singh Ahluwalia and SEBI Chairman C B Bhave.

Coming out of the meeting, former chief of PM`s Economic Advisory Council C Rangarajan said they deliberated on the international financial crisis and its implications for emerging economies.

The meeting, he said, also discussed the stance that India may take at the Summit on ``Financial Market and the World Economy`` convened by the US at Washington on 15th November.

Among other things, the G20 Summit will discuss the effects of the current crisis on emerging economies and developed nations.
Besides, 13th Finance Commission Chairman Vijay Kelkar, former RBI Governor Bimal Jalan, Finance Secretary Arun Ramanathan, Department of Economic Affairs Secretary Ashok Chawla, and other officials were present at the meeting.

Outgoing US President George Bush has called a meeting of G-20 to discuss the global financial crisis and work out a joint strategy to deal with the emerging situation.

Besides, the US, the members of G20 includes India, Australia, Brazil, Canada, China, France, Germany, Italy, Japan, Russia, the UK and European Union.

In order to deal with the financial meltdown, the US has already come out with about USD 700-billion bailout package but the efforts have failed to restore the investor confidence as stock markets continued to move southward.