Modi govt appoints two members to IFSCA

The Modi government has appointed two members to the International Financial Services Centre Authority (IFSCA), which is a unified authority to regulate all financial services in International Financial Services Centres (IFSCs) in the country. The two members are ;

1. Pankaj Jain (IAS:1990:AM), Additional Secretary, Department of Financial Services, Finance Ministry.
2. Anand Mohan Bajaj (IA&AS:1990), Additional Secretary, Department of Economic Affairs (DEA), Finance Ministry.

Besides the Chairman, IFSCA has a member each nominated from RBI, IRDAI, SEBI and PFRDA. There are also two members from the Central Government and full-time or part-time members in the Authority.

The Centre had this month appointed Injeti Srinivas (Retd.IAS:1983:OR), former Secretary in the Ministry of Corporate Affairs (MCA), as Chairman of IFSCA.