Govt invites application for SEBI chief post
New Delhi (PTI): The government on Monday invited applications for the post of Chairman of the Securities and Exchange Board of India (SEBI).
The current SEBI chairperson Madhavi Puri Buch's three-year term ends on February 28. Buch assumed charge at the helm of Sebi on March 2, 2022.
In a public advertisement, the department of economic affairs under the finance ministry invited applications from candidates by February 17.
"The appointment shall be made for a maximum period of 5 years from the date of assumption of charge or till attaining the age of 65 years of the appointee, whichever is earlier," the ministry said.
The chairperson will receive a pay equivalent to a secretary to the Government of India which is Rs 5,62,500 per month (without house and car), the advertisement said.
The ministry also said that keeping in view the role and importance of SEBI as a regulator, the candidate should have "high integrity, eminence and reputation preferably above 50 years with more than 25 years of professional experience".
The candidate is also required to have a "shown capacity in dealing with problems relating to securities markets, or has special knowledge or experience of law, finance, economics, accountancy' which in the opinion of the central government shall be useful to the board".
"The chairman should be a person who does not and will not have any such financial or other interests as are likely to affect prejudicially his function as the chairman," the advertisement added.
The government will appoint the SEBI chairperson on the recommendation of the Financial Sector Regulatory Appointments Search Committee (FSRASC). The committee is also free to recommend any other person also who has not applied for the post on the basis of merit, it added.
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Hundreds of TVK supporters return disappointed from cancelled swearing in ceremony venue
Chennai (PTI): Hundreds of TVK supporters, fuelled by the hope of seeing their leader Vijay as chief minister, gathered at Nehru Indoor Stadium in the city on Thursday, only to be met with locked gates and a lack of information regarding the scheduled proceedings.
Many supporters, travelling from various parts of the state, near and far, like Arumbakkam and Coimbatore, expressed deep disappointment and confusion upon finding the premises closed and without official communication.
Speaking to PTI Videos, fans and party loyalists described a sense of heartbreak after arriving early to secure a place in line.
Charulatha, a supporter, noted the emotional toll of the situation: "We came with so much joy thinking he would become the chief minister today, but there is nothing here. The gates are closed. It is very painful."
Sai Deepika, her daughter and a student set to enter the 12th grade, shared her excitement for the event: "I was very excited to be here. I have been telling everyone he will win and do good things for the people."
A visibly distressed Gunasundari, a long-time political observer from a family of AIADMK supporters, stated she shifted her loyalty to Vijay: "I publicly say I voted for Vijay. I have a belief that he will help those in need. Seeing the gates closed like this is a shock."
Despite the confusion on the ground, the gathered crowd remained steadfast in their political choice. Several supporters highlighted Vijay’s decision to fund party activities independently as a key reason for their trust.
"He didn't take a single rupee from the people for his flag or the stage. He did it all himself," said an emotional Gunasundari. "Even if they try to shame him or create obstacles, he is the one who will eventually win."
Many attendees cited news reports and social media claims as their reason for arriving early on Thursday morning. Some supporters mentioned they had travelled via public transport and waited for hours under the impression that an official declaration or event was imminent.
"My son told me that declarations were made yesterday and everyone was coming today," Gunasundari added. "I didn't even tell him I was leaving; I just started my journey to see him in person for the first time".
