The federal government has appointed Ajay Seth, former Finance Secretary and Secretary of the Division of Financial Affairs (DEA), as the brand new Chairman of the Insurance coverage Regulatory and Improvement Authority of India (IRDAI). The place had remained vacant since Debasish Panda’s tenure led to March 2025.
A 1987-batch IAS officer from the Karnataka cadre, Seth has held a number of key roles within the Finance Ministry. He served as DEA Secretary since 2021 and briefly held extra cost as Income Secretary earlier this 12 months after Tuhin Kanta Pandey was appointed SEBI Chairperson.
A mechanical engineer with an MBA, he has served in crucial roles throughout state and central governments, leaving a mark on fiscal coverage, infrastructure, taxation, and growth financing.
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