Senior officer Tuhin Kant Pandey took over as the 11th President of SEBI on Saturday. On this occasion, he has promised to focus on transparency and ‘teamwork’. Pandey, who has been working as Finance Secretary till now, described SEBI as a strong market institute, which has been shaped by various veterans for years.
Madhavi Puri Buch is ill.
The successor of Madhavi Puri Buch refused to disclose her working style, saying that he would not comment on anyone. Buch was accused of several irregularities in the last few months of his tenure. When Pandey Bandra Kurla Complex (BKC) reached SEBI headquarters in the business district, Buch was not present. It is being told that his health is bad and he has a covid infection.
How long will the tenure of the new SEBI chief be?
On Thursday, the government appointed Pandey as the Chairman of the Securities and Exchange Board of India (SEBI). The new chairman underlined his objectives, saying, “SEBI is a very strong market organization.” He described four T -faith, transparency, teamwork and technology – as his major focus area. He said, “I think these four ‘T’ make us (SEBI) unique, and we will continue to build one of the best market institutions in the world.”
In the last few months, some movements have been seen in SEBI, where a large section of its employees has protested against the management. All four full -time members of SEBI – Ashwini Bhatia, Amarjeet Singh, Anant Narayan and Kamlesh Varshney welcomed Pandey at the SEBI headquarters.
Pandey is an IAS officer of Odisha cadre.
Pandey is a 1987 batch Indian Administrative Service (IAS) officer of Odisha cadre and has a term of 3 years. Pandey will take over as SEBI chief at a time when there is a recession pressure in the market after the withdrawal of foreign institutional investors (FIIs). Since January, foreign portfolio investors (FPIs) have withdrawn more than Rs 1 lakh crore. Pandey is the most senior officer in charge of Revenue Department in the Finance Ministry. He was the longest serving secretary in the Department of Investment and Public Assets Management (DIPAM). Deepam is a department of the Ministry of Finance, which manages government equity in public sector companies.
