However, he is yet to join the markets regulator. Kaushik has handled the capital markets in the Department of Economic Affairs, where he was responsible for the policy matters related to current account management, foreign institutional investments, external commercial borrowings and foreign exchange management. He has also worked closely with the Sebi and Reserve Bank of India (RBI).
The Securities and Exchange Board of India (Sebi) had written to the finance ministry recommending that a fourth position of whole time member be created and the post should be filled up on priority basis. The recommendation has been accepted by the ministry last month, officials said. As per the Sebi Act, the board comprises a chairman, one member each from the finance ministry, corporate affairs and RBI, besides, five other members of whom at least three should be the whole-time members.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.