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K Rajaraman Appointed as New IFSCA Chairman by Centre

The government has appointed Telecom Secretary K Rajaraman as the new chairperson of the International Financial Services Centres Authority (IFSCA).

Injeti Srinivas, the first chairperson of the regulatory authority appointed in 2020, will be succeeded by Rajaraman.

According to a gazette notification, Rajaraman's appointment will be effective for a period of three years from the date he assumes charge, or until he reaches the age of 65, or until further orders, whichever occurs earliest.
The IFSCA was established in April 2020 under the International Financial Services Centres Authority Act, 2019. It is headquartered at GIFT City, Gandhinagar.
The IFSCA serves as a unified authority for developing and regulating financial products, financial services, and financial institutions within the International Financial Services Centre (IFSC) in India. Currently, GIFT IFSC is India's first international financial services cent.