So the government has started looking for two new whole-time members at SEBI . And honestly,the details of this job are making rounds for good reason .
The Department of Economic Affairs,which is under Ministry of Finance,has put out notification . They are saying interested people should apply by June 30 . These roles are not small thing ah,they basically control policy and even investigations in market.
And pay is what everyone is talking about . Government is offering either pay scale of additional secretary or consolidated salary of ₹5 lakh per month . But this doesn't include housing or car,that is handled separately apparently.
For such a big role,the expectations are obviously very high.
They are looking for candidates who are between 45 and 60 years of age . And you need minimum 20 years of professional experience to even apply. So this is for very senior people only .
Few things standing out here:
- Two whole-time member positions are open at the top level.
- Salary is fixed at ₹5 lakh per month or equivalent to additional secretary.
- Deadline to apply for this big job is June 30.
But why the hiring now? Turns out three-year terms for Amarjeet Singh and Kamlesh Chandra Varshney are ending in September . Both of them can be reappointed,but government is still inviting fresh applications as per procedure. board rn also has Amarjeet Singh and Sandip Pradhan.
The final choice will be made by the Financial Sector Regulatory Appointments Search Committee . And if you are coming from public sector or academic job,you have to submit your APARs for last five years plus vigilance clearances. Quite a serious process .
Government has also mentioned they want people of "high integrity and reputation" . I mean,that's basic requirement for a market regulator no?
It will be interesting to see who finally gets selected for these posts . These are not just jobs,these people really decide the direction of Indian capital markets…
