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Tyagi has diverse experience at the Centre. He was Joint

Secretary in Ministry of Environment, Forest and Climate Change before joining Finance Ministry in November 2014 as Additional Secretary.

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Secretary in Ministry of Environment, Forest and Climate Change before joining Finance Ministry in November 2014 as Additional Secretary. He has also worked in ministries of Petroleum and Natural Gas, Steel and Rural Development.

58-year-old Tyagi, who hails from Uttar Pradesh, is a Post Graduate in Economics. He did Master's in Public Administration from Harvard and holds Master's degree in Technology (Computer Science), as per his official resume.

Sebi, besides regulating stock exchanges, also supervises various kinds of market entities including brokers, mutual funds, FIIs, rating agencies and investment bankers, as also thousands of listed companies.

While advocating the need for "uniform treatment", Sinha steered the regulator through various phases of reforms, including stricter regulatory requirements for corporate disclosures, mutual fund houses and investment advisors, among other market participants.

Unfazed by brick bats coming in the way of Sebi, Sinha took on critics on various occasions, including in his swan song press meet on Monday where he asserted that there is nothing to be shy about taking "harsh" actions against violators.

On Monday, Sinha said the regulator has worked hard on "cleansing of markets" and all potential instruments of manipulation, including defunct regional stock exchanges, have been closed down.

"One of my significant regrets is that I could not see a REIT or InvIT being launched during my time. I was hoping and hoping that I will be able to see it...," Sinha said during a press meet here.

"I am sure that in less than two months from now, the first InvIT will be launched. This is the feedback I am getting from the participants...," he had said.

Regulations for InvITs and REITs (Real Estate Investment Trusts), which are popular in some advanced markets, were notified back in 2014.

Meanwhile, Sebi is looking at imposing a bigger penalty for misuse of high-speed algo trades as also "following up" on full implementation of directions it issued in the case involving NSE.

 

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)

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