Former finance secretary to become non-executive chairman of NSE
January 29, 2010
The country’s largest stock exchange, the National Stock Exchange (NSE), is roping in big names into its management in a bid to maintain its stronghold over the Indian stock markets. The latest addition to its management cadre is Dr Vijay Kelkar, former finance secretary to the government of India and also former advisor to the minister of finance.
Prior to this appointment by the NSE, Dr Kelkar headed the 13th Finance Commission until it submitted its report recently.
Dr Kelkar, who is well-known for his contributions to economic reforms in India, holds a doctorate in development economics from the University of California at Berkeley and completed his MS from the University of Minnesota. He has had an illustrious career, holding various senior level positions in the government of India as well as in international organisations.
He has also worked as the chairman of the Tariff Commission and secretary of the ministry of petroleum and natural gas. Apart from this, Dr Kelkar has represented India on global forums as an executive director at the International Monetary Fund and as director at the United Nations Conference on Trade and Development.
Interestingly, Dr Kelkar was also recently accepted as an independent director to the board of Tata Consultancy Services. — Sanket Dhanorkar