Wednesday, May 28, 2025
spot_img

New SEBI chairman spells out 4-point mantra for capital markets regulator

Date:

Share post:

spot_imgspot_img

Mumbai, March 2 (IANS) The new SEBI Chairperson, Tuhin Kata Pandey, has a four-point mantra in mind — trust, transparency, teamwork and technology — for ensuring the continued efficiency of the capital markets regulator.

After taking charge of the SEBI headquarters at the Bandra Kurla Complex here, Pandey said, “SEBI is a very robust market institution. It has been built over the years with successive leadership and will continue with it.”

“We work for trust, we work for transparency, we work for teamwork, and we work for technology. We will continue to create one of the best market institutions in the world,” Pandey told journalists.

Highlighting trust as “the most important thing,” Pandey said SEBI holds the trust of India’s population, the Parliament, the government, the investors and industry stakeholders.

Pandey, a 1987 batch IAS officer, brings with him a rich experience in handling the country’s economic policy and financial administration.

He has just concluded his tenure as the Finance Secretary and Secretary of the Department of Revenue, which saw him playing a key role in the formation of the Union Budget and the drafting of the new Income Tax Bill, based on global best practices. The new Bill has simplified the language and structure of the Income-tax Act, 1961, reducing the Act’s volume by close to 50 per cent.

Before this, he had held key positions in the government, including Secretary of the Department of Investment and Public Asset Management (DIPAM) and Secretary of the Department of Public Enterprises (DPE).

Pandey is one of the longest-serving secretaries in DIPAM, which is responsible for managing the government’s stake in public sector enterprises. In these roles, Pandey played a major part in formulating disinvestment programmes and public sector management.

He oversaw the sale of loss-making Air India to the Tata Group, marking one of the most important disinvestment initiatives of the government to reduce the drain on the national exchequer and pave the way for the revival of the commercial airline.

He also handled the successful public listing of government-owned life insurance giant LIC, which was the country’s biggest ever IPO. Besides, he started the privatisation process of IDBI Bank, which is still ongoing as bidders conduct their due diligence.

Pandey holds a Master of Arts degree in Economics from Punjab University and an MBA from the University of Birmingham, UK.

–IANS

spot_imgspot_img

Related articles

Job card-rangko dontongatanina BDO-ni kosako badi ka·a

TURA: South Garo Hills a·jani Darit-Betegre songo Aadhar card-rang dongjani gimin manderangni job card-rangko dontongatani ja·man Gasuapara Block...

Lekka pora aro matchotgija dongenggipa kamrangni bidingo GSU, CM-na sedoa

TURA: East Garo Hills a·jao lekka porani gita namdaptna nanganirang aro a·ja gimiko matchotgija dongenggipa kamrangni bidingo Garo...

Close to the finish line on breakthrough India-US trade deal: Kevin Hassett

New Delhi, May 27: India is nearing the finish line to clinch a breakthrough trade deal with the...

MHA, COCOMI hold talks in Delhi; Meitei body vows to help restore peace in Manipur

New Delhi/Imphal, May 27: The Coordinating Committee on Manipur Integrity (COCOMI), the Meitei community apex body, held a...