In the list of 10 key regulatory institutions in India, a development has emerged. For the first time in 20 years, two chairpersons, both in the financial sector – namely the Securities and Exchange Board of India (Sebi) and the Pension Fund Regulatory and Development Authority (PFRDA) – are simultaneously not from the government. However, it is early to say whether this trend will continue.
This list gains significance amid reports that the next chief of the Telecom Regulatory Authority of India (Trai) might be from the private sector.
An assessment of the recruitment for the chairperson's post reveals no distinctive preference for government officers, either serving or retired, with the exception of the Petroleum and Natural Gas Regulatory Board.