{"id":248229,"date":"2025-02-27T20:25:19","date_gmt":"2025-02-27T20:25:19","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/02\/27\/finance-secy-tuhin-kanta-pandey-to-be-new-sebi-chief\/"},"modified":"2025-02-27T20:25:19","modified_gmt":"2025-02-27T20:25:19","slug":"finance-secy-tuhin-kanta-pandey-to-be-new-sebi-chief","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/02\/27\/finance-secy-tuhin-kanta-pandey-to-be-new-sebi-chief\/","title":{"rendered":"Finance secy Tuhin Kanta Pandey to be new Sebi chief"},"content":{"rendered":"
\"Finance<\/div>\n
The government on Thursday announced the appointment of finance and revenue secretary Tuhin Kanta Pandey<\/a> as the next chairperson of Securities and Exchange Board of India<\/a> (Sebi<\/a>).Pandey will succeed Madhabi Puri Buch<\/a> whose three-year term at the helm of the capital markets regulator ends on Friday. <\/p>\n

Pandey will head Sebi initially for a period of three years or until further orders, whichever is earlier, according to an official notification following the approval of the Appointments Committee of the Cabinet.<\/p>\n

A 1987 batch IAS officer of the Odisha cadre, Pandey with extensive experience in public policy and administration had been responsible for divestment and unlocking potential for public assets, before taking over as the revenue secretary.<\/p>\n

His appointment follows opposition parties\u2019 demand for the resignation of Buch after American short seller Hindenburg Research last year accused her of conflict of interest in the regulator\u2019s probe into the Adani Group. They claimed that she had stakes in offshore funds linked to the ports-to-power conglomerate.<\/p>\n


Buch had rejected Hindenburg allegations as \u201cmalicious and motivated\u201d and asserted that she had acted as per rules and also made all the required disclosures. In January 2023, the short seller had accused the Adani Group of fraud and stock price manipulations. The allegations, denied by the conglomerate, later led to the Sebi probe.Hindenburg Research last month announced that it was shutting down operations, just days before Donald Trump was sworn in as the US President.Buch\u2019s two immediate predecessors \u2014 former bureaucrats Ajay Tyagi and UK Sinha \u2014 had got extensions beyond their initial three-year terms. While Tyagi served as the chief of the capital markets regulator for five years, Sinha held the position for six years.<\/p>\n

The next Sebi chief will have an option to receive pay akin to a secretary to the Union government, or a consolidated salary of Rs 5,62,500 per month without a house or car, as per last month\u2019s official circular that sought applications for the Sebi chairperson.<\/p>\n

\u201cThe chairman should be a person who does not, and will not have any such financial or other interests as are likely to affect prejudicially his functions as the chairman,\u201d the department of economic affairs had said in the circular.<\/p>\n

It\u2019s desirable that \u201cpersons with high integrity, eminence and reputation\u201d, preferably above 50 years and with more than 25 years of professional experience may apply, it had added.<\/p>\n

Buch is the first woman to helm Sebi, and also the first from the private sector. She had served as a whole-time member of the regulator between 2017 and 2022 before her elevation to the top job.<\/p>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The government on Thursday announced the appointment of finance and revenue secretary Tuhin Kanta Pandey as the next chairperson of Securities and Exchange Board of India (Sebi).Pandey will succeed Madhabi Puri Buch whose three-year term at the helm of the capital markets regulator ends on Friday. Pandey will head Sebi initially for a period of […]<\/p>\n","protected":false},"author":2,"featured_media":248230,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/img.etimg.com\/photo\/msid-118611459,imgsize-29410.cms","fifu_image_alt":"","footnotes":""},"categories":[602],"tags":[302,1934,92065,104706,21033,2529,9136,9592,16433,104686,104702],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/248229"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=248229"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/248229\/revisions"}],"predecessor-version":[{"id":248231,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/248229\/revisions\/248231"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/248230"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=248229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=248229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=248229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}