The Finance Minister Mr. Arun Jaitley today underlined the need to reduce the cost of doing business and improve the country's business climate.The Finance Minister today attended the 11th meeting of the Financial Stability and Development Council (FSDC) with financial sector regulators, including RBI governor Raghuram Rajan and Sebi chief U K Sinha in Mumbai.Speaking to media persons after the meeting, the Finance Minister informed that he took stock of the prevailing economic conditions and discussed on the current financial and economic indicators, and also taken the suggestions from the regulators with regard to the forthcoming policies of the new government.Mr. Jaitley said that there is a need for coordinated approach by all the regulators to achieve financial stability to resolve long-pending problems of our economy.