Government Cuts SEBI’s Chairman-Designate Ajay Tyagi’s Tenure by Two Years

Government Cuts SEBI’s Chairman-Designate Ajay Tyagi’s Tenure by Two Years

The Union Government on February 17, 2017 reduced (कम किया हुआ) the tenure(कार्यकाल) of the next Chairman of Securities and Exchange Board of India (SEBI), Ajay Tyagi by two years without giving any reason behind the decision(निर्णय) . Now the 58-year-old Tyagi will join as the SEBI Chairman for

an initial period of three years instead(के बदले) of five years after the tenure of Sinha ends on March 1, 2017. On February 10, 2017 Ajay Tyagi’s name was approved (मंजूर की) by the government to be appointed as the next Chairman of SEBI with a five-year term to succeed incumbent (निर्भर) U K Sinha.

iv. Tyagi, a 1984 batch IAS officer of Himachal Pradesh cadre is presently posted as Additional Secretary (Investment) in the Department of Economic Affairs.

incumbent

निर्भर

Definitions of incumbent adjective necessary for (someone) as a duty or responsibility. it is incumbent on all decent people to concentrate on destroying this evil synonyms: necessary for one to, essential that, required that, imperative that, compulsory for one to, binding on one to, mandatory that (of an official or regime) currently holding office. the incumbent president had been defeated synonyms: current, present, in office, in power, reigning noun the holder of an office or post. Voters may look back on an incumbent 's performance in office, and cast a retrospective vote, or may compare what the candidates promise to do if elected to office, and vote prospectively. synonyms: holder, bearer, occupant Synonyms adjective necessary for one to, essential that, required that, imperative that, compulsory for one to, binding on one to, mandatory that current, present, in office, in power, reigning noun holder, bearer, occupant officeholder