Who’s Tuhin Kanta Pandey, the brand new Sebi chairman succeeding Madhabi Puri Buch? | Newest Information India

In an official assertion, the Division of Personnel & Coaching mentioned, “The Appointments Committee of the Cupboard has authorised the appointment of Shri Tuhin Kanta Pandey, IAS (OR:1987), Finance Secretary and Secretary, Division of Income to the put up of Chairman, Securities and Change Board of India (SEBI).”

He takes over from outgoing SEBI chairperson Madhabi Puri Buch, who assumed workplace on March 2, 2022. Her time period is about to conclude on February 28, 2025. Buch made historical past as SEBI’s first girl chairperson and served a three-year tenure.

Who’s Tuhin Kanta Pandey, and what key roles has he performed earlier?

• Tuhin Kanta Pandey, a 1987 batch IAS officer from the Odisha cadre, holds a Grasp of Arts diploma in Economics from Punjab College, Chandigarh, and an MBA from the UK. He has served in varied roles inside each the Authorities of Odisha and the Authorities of India.
• Early in his profession, he labored as government director & managing director of Odisha State Finance Company (OSFC) and Odisha Small Industries Company (OSIC). He later held the place of collector and district Justice of the Peace of Sambalpur district and served as deputy secretary within the Division of Commerce on the Authorities of India. Throughout his tenure, he was additionally deputed to the Regional Workplace of the United Nations Industrial Improvement Organisation (UNIDO).
• After getting back from central deputation, he took on key duties in Odisha, together with particular secretary within the basic administration division, transport commissioner, well being secretary, and commissioner of economic taxes. In 2009, he was appointed joint secretary within the Planning Fee, the place he served for 5 years, adopted by a two-year tenure as joint secretary within the Cupboard Secretariat.
• With experience in industrial growth, monetary administration, and public finance, he performed a vital function in implementing institutional improvements, new insurance policies, and system reforms. Since September 2016, served as principal secretary of the finance division, Authorities of Odisha.
• He grew to become the longest-serving secretary within the Division of Funding and Public Asset Administration (DIPAM), a division underneath the finance ministry that manages authorities fairness in public sector enterprises, in addition to the Division of Public Enterprises (DPE).
• On January 9 this 12 months, he assumed cost of the income division after his predecessor, Sanjay Malhotra, moved to the Reserve Financial institution of India (RBI) as its governor. He performed a key function in framing the 2025-26 Finances, which supplied tax reliefs amounting to ₹1 lakh crore for the center class. Moreover, he was concerned in drafting the brand new Revenue Tax Invoice, which goals to interchange the 64-year-old Revenue Tax Act, 1961.
• Throughout his tenure at DIPAM from October 24, 2019, to January 8, 2025, he spearheaded the disinvestment of central public sector enterprises (CPSEs) and applied the general public sector enterprises (PSE) coverage, which sought to scale back authorities involvement in PSEs throughout varied sectors.
• He additionally performed a pivotal function within the privatisation of Air India. On October 8, 2021, the federal government introduced the Tata group because the successful bidder, providing ₹18,000 crore. On January 27, 2022, the Tata group formally took possession of Air India. He additionally supervised the privatisation means of IDBI Financial institution, with bidders at the moment present process the due diligence course of.

(With PTI inputs)