Tuhin Kanta Pandey has been named the new chairperson of SEBI (the Securities and Exchange Board of India) for three years. He will take over from Madhabi Puri Buch, who is the first woman to lead SEBI. Pandey’s appointment was approved by the Cabinet on February 27.
Pandey steps into this important role as the Indian stock market is experiencing low performance because many foreign investors are pulling out their money. This year alone, these investors have taken out over Rs 1.13 lakh crore.
Tuhin Kanta Pandey is an experienced officer from the Indian Administrative Service (IAS), having joined in 1987. Before this role, he served as the Finance Secretary and the Secretary of the Department of Revenue. He played a big part in significant decisions, like selling Air India and listing LIC on the stock market.
As Finance Secretary, his job was to advise the Finance Minister and manage important finances for the government. Now, as the head of SEBI, he brings his knowledge of finance and economic management.
Education-wise, Pandey holds a Master’s degree in Economics from Panjab University and an MBA from the UK. Throughout his career, he has taken on many important roles, including working in health and transport sectors. He has also worked as a District Collector and has been involved in key projects for the government.
This new position at SEBI marks an exciting chapter in his career!
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