SEBI Gets New Chief

2019 ias preliminary exam test series

Appointments Committee of Cabinet has appointed Ajay Tyagi, a 1984 batch IAS officer of the Himachal Pradesh cadre, as the next Chairman of the Securities and Exchange Board of India.

The appointment is for a period not exceeding five years or till the age of 65 years.

Tyagi is currently Additional Secretary in the Economic Affairs Department of the Finance Ministry and is in-charge of the capital markets division.

Tyagi, 58, will take over from incumbent UK Sinha, whose tenure ends on March 1. Sinha, who had been appointed for a three-year term in 2011, had previously been given a two-year extension, followed by an unprecedented one-year extension.

Current Affairs for IAS Exam