The government is working to push forward key financial regulations to attract more Foreign Direct Investment to accelerate growth. Talking to reporters in New York, after attending the meeting of heads of several world financial institutions in Washington, Finance Minister Pranab Mukerjee said that the issue figured in most of the meetings as concerns about the second financial crisis are mounting. He said, opening up the banking and insurance sectors are under active consideration and that regulations to this effect are being discussed in Parliament. On allowing FDI in the retail sector, he said a consensus is being evolved with political parties across the board. Mr. Mukerjee said, he is not happy with the 7.7 percent growth recorded in the first quarter of this fiscal, even though India is the fourth fastest growing economy in the world. He said there is growing concern among world leaders on whether the instruments available with policy makers across the globe are enough to address the challenge of a second financial crisis.