Ramesh Abhishek is new Chairman of FMC

The Central Government, on Monday, said it had given approval for the appointment of Ramesh Abhishek, an IAS officer of 1982 Bihar cadre, as Chairman of commodity markets regulator Forward Markets Commission (FMC). Mr. Abhishek, who is at present a member of the FMC, has been elevated as FMC chief in the rank and pay scale of additional secretary level, an official release said. The FMC regulates five national and 16 regional level exchanges. — PTI