Sebi chairman gets 18-month extension

Ajay Tyagi was on Wednesday given an 18-month extension, till February 2022, as the chairman of markets regulator SEBI, according to a Personnel Ministry order. This is the second extension given to Tyagi. It comes at a time when the economy and capital markets are staring at uncertainties due to the coronavirus pandemic. The Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi has approved extension of Tyagi's term for 18 months, with effect from September 1, 2020 up to February 28, 2022, the order said. Tyagi, a 1984 batch Indian Administrative Service (retired) officer of Himachal Pradesh cadre, took over as the SEBI chairman on March 1, 2017 for a period of three years.

Earlier this year, he was given a six-month extension till August. Prior to joining as the chief of the markets regulator, Tyagi was Additional Secretary, Department of Economic Affairs under the Finance Ministry.

He was then handing the portfolios of capital market, investment, infrastructure and currency and coinage divisions. Tyagi did his graduation in Electrical Engineering and post graduation in computer science. He holds a Masters in Public Administration from Harvard University.

NEW DELHI: Gold prices jumped Rs 1,365 to Rs 56,181 per 10 gram in the national capital on Wednesday following a strong rally in global market, according to HDFC Securities.

Silver also depicted a strong trend as it zoomed Rs 5,972 to Rs 72,726 per kg from Rs 66,754 per kg in the previous trade, it said.The precious yellow metal had closed at Rs 54,816 per 10 gram in the previous trade.

"Spot gold prices for 24 carat in Delhi rose by Rs 1,365 with strong rally in inter national prices," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

In the international market, gold was quoting with gains at USD 2,032 per ounce.