Finance secretary Tuhin Kanta Pandey has been appointed as the chief of the market regulator, SEBI replacing Madhabi Puri Buch whose term ends at the end of the month.
Pandey has been appointed as the Chairman of the Securities and Exchange Board of India for 3 years, a government order showed.
The past two months have been very ‘unsettling' for Pandey, who was quietly implementing the government's disinvestment policies till the first week of January 2025.
Three weeks before the Budget, Pandey was called in as a replacement for Arunish Chawla to head the revenue department, where he oversaw one of the biggest Budget announcements of the year – the big tax relief to the common man.
Pandey will join in Mumbai his predecessor, former revenue secretary Sanjay Malhotra, who was appointed the RBI governor in December last year.
Previously, Pandey held the charge of Secretary in three departments–Department of Investment & Public Asset Management (DIPAM), Department of Public Enterprises (DPE) under the Finance Ministry, and the Department of Personnel and Training.
Before these roles, also served a stint at the Regional Office of the United Nations Industrial Development Organisation (UNIDO).
Padey was also a Joint Secretary in the Planning Commission (now NITI Aayog), Joint Secretary in the Cabinet Secretariat, and Deputy Secretary in the Ministry of Commerce.
Under the Odisha government, Pandey served as the administrative head in the Departments of Health, General Administration, Commercial Taxes, Transport, and Finance.
Pandey holds a Master's in Economics from Panjab University and an MBA from the University of Birmingham in UK.
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