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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In phone call, PM Modi, US President Trump resolve to promote global peace, security
New Delhi, Jan 27 (PTI): Prime Minister Narendra Modi and US President Donald Trump on Monday vowed to work towards a "trusted" partnership between India and US and advance global peace and security in their first phone conversation since the American leader's inauguration last week.
Modi and Trump exchanged views on global issues, including the situation in West Asia and Ukraine, and deliberated on measures to boost bilateral cooperation in areas such as technology, trade, investment, energy and defence, an Indian readout said.
The two leaders agreed to meet soon, it said.
"Delighted to speak with my dear friend President @realDonaldTrump @POTUS.
Congratulated him on his historic second term," Modi said on 'X'.
"We are committed to a mutually beneficial and trusted partnership. We will work together for the welfare of our people and towards global peace, prosperity, and security," he said.
In a statement, the Prime Minister's Office (PMO) said the two leaders "reaffirmed" their commitment for a "mutually beneficial and trusted partnership".
"They discussed various facets of the wide-ranging bilateral Comprehensive Global Strategic Partnership and measures to advance it, including in the areas of technology, trade, investment, energy and defence," it said.
"The two leaders exchanged views on global issues, including the situation in West Asia and Ukraine, and reiterated their commitment to work together for promoting global peace, prosperity and security," the PMO said.
"The leaders agreed to remain in touch and meet soon at an early mutually convenient date," it added.
It is not immediately known whether the issues of immigration and tariff figured in the talks.
Like in many countries, there have been some concerns in India as well over the Trump administration's approach on immigration and tariff.
President Trump has already talked about slapping "100 per cent tariffs" on the BRICS grouping, a bloc that includes India too.
It is learnt that the phone call was initiated from the Indian side.
External Affairs Ministry Spokesperson Randhir Jaiswal said last week that India is looking for "bolder, bigger and a more ambitious" relationship with the US and indicated its readiness to work with the Trump administration to address issues like illegal immigration and trade.
The phone conversation between Modi and Trump came six days after External Affairs Minister S Jaishankar held separate meetings with US Secretary of State Marco Rubio and National Security Advisor Mike Waltz in Washington.
Jaishankar also attended the Quad foreign ministers' meeting in the American capital. The meeting was the Trump administration's first foreign policy engagement.
At a media briefing in Washington on January 22, Jaishankar said his meetings signalled that the Trump administration "prioritising" the bilateral relationship with India.
The external affairs minister also said that there was agreement between the two sides about the need to be bolder, bigger, and more ambitious about the bilateral relationship.
Asked about the Trump administration's policy on tariff and immigration, Jaiswal said on Friday that India is looking at addressing issues in a constructive manner.
"Our approach has always been to address issues in a constructive manner which is in keeping with the interests of both countries," he had said at his weekly media briefing last week.
"We remain in close communication with the US administration and would like to continue to work towards strengthening our economic partnership further," he said.
India is also keen to continue cooperation under the Initiative on Critical and Emerging Technology (iCET) that was launched during the tenure of the Biden administration.
