New SEBI chairman spells out 4-point mantra for capital markets regulator. Tuhin Kata Pandey brings with him 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 its volume by close to 50 per cent. 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. He holds a Master of Arts degree in Economics from Punjab University and an MBA from the University of Birmingham, UK. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
New SEBI chairman spells out 4-point mantra for capital markets regula….
