Reappointment of Shri K Rajaraman as Chairperson IFSCA

**Executive Summary** The Ministry of Finance, Department of Economic Affairs, issued a notification on July 30, 2026, announcing the re-appointment of Shri K. Rajaraman as the Chairperson of the International Financial Services Centres Authority (IFSCA). The appointment is effective for the period beyond July 31, 2026, and continues until he attains 65 years of age or until further orders are issued, whichever is earlier. **Key Points / Main Content** **Appointment and Tenure** * **Official Re-appointment:** Shri K. Rajaraman, a retired IAS officer (TN: 1989), is re-appointed to the post of Chairperson of the IFSCA. * **Effective Date:** The tenure begins immediately following July 31, 2026. * **Duration:** The appointment is valid until the appointee reaches the age of 65 or until the government issues further orders, whichever occurs first. **Regulatory Authority** * **Legal Basis:** The order is issued by the Central Government in exercise of powers conferred by Section 5 (1) read with Section 6 (1) of the International Financial Services Centres Authority (IFSCA) Act, 2019. * **Governing Rules:** The terms of service are governed by the IFSCA (Salary, Allowances and other Terms and Conditions of Services of Chairperson and Members) Rules, 2020. **Impact Analysis** **Shri K. Rajaraman** **Impact** He is formally re-instated as the head of the IFSCA, ensuring his continued leadership beyond July 31, 2026. **Action Required** To continue performing the duties and responsibilities of the Chairperson until the age of 65 or until further government directives. **International Financial Services Centres Authority (IFSCA)** **Impact** The organization maintains continuity in its top leadership under the existing Chairperson. **Action Required** Update internal administrative records to reflect the extension of the Chairperson's tenure as per the official gazette notification. **Ministry of Finance (Department of Economic Affairs)** **Impact** The Ministry exercises its statutory power to ensure the stable governance of the financial markets division’s regulatory body. **Action Required** Monitor the tenure and issue further orders as necessary before the appointee reaches the age of 65.

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