New Delhi, Feb 27 (IANS) The appointments committee of the Cabinet on Thursday approved the appointment of Finance Secretary Tuhin Kanta Pandey as the new Chairman of the Securities and Exchange Board of India (SEBI).
Pandey will assume office for an initial tenure of three years. He replaces current SEBI Chairperson, Madhabi Puri Buch, whose tenure ends on March 1.
“The Appointments Committee of the Cabinet has approved the appointment of Tuhin Kanta Pandey, IAS (OR:1987), Finance Secretary and Secretary, Department of Revenue to the post of Chairman, Securities and Exchange Board of India (SEBI), initially for a period of three years from the date of assumption of charge of the post or until further orders, whichever is earlier,” the government order stated.
In January, the government invited applications for the position, setting February 17, 2025, as the deadline for submissions.
The Finance Ministry’s newspaper advertisements invited applications from qualified candidates for the appointment to the top post at the capital markets regulator.
SEBI chief shall have the option to receive pay as admissible to a Secretary to the Government of India or a consolidated salary of Rs 5,62,500 per month without house and car.
The tenure of the current SEBI Chairperson ends on March 1. She assumed office on March 2, 2022, for a three-year term, becoming the first woman to lead the markets regulator.
Buch succeeded former IAS officer Ajay Tyagi, whose term as SEBI chief ended after a two-year extension that followed his regular three-year stint. Tyagi had served in key posts in the Finance Ministry.
She was the first person from the private sector to head SEBI. Her career started in 1989 with ICICI Bank. Between 1993 and 1995, Buch worked as a lecturer at West Cheshire College in England.
She worked in various profiles across companies for 12 years, including sales, marketing and product development. She also led operations. In 2006 she joined ICICI Securities and later went on to become their CEO from February 2009 to May 2011.
–IANS
na/pgh
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
