*Important Development at TFCI Ltd*
Mr Sanjeev Kaushik, an IAS  of 1992 batch Kerala cadre(MBA in Finance from London Business School (UK) and Mechanical Engineer from BITS Pilani)  has been appointed as Chairman of  TFCI Ltd in the board meeting held on 8th February 2017 being Dy MD of IFCI. Shri Kaushik has worked for over a decade in Global Investment Banking on sabbatical from the IAS. He was Managing Director and Head of Research at HSBC Securities, India and Managing Director of Equities at Lehman Brothers, India. Earlier he has also worked in London as an Equity Analyst at Bank of America Securities (Europe) and as Corporate Finance Manager at ING Barings (UK).
Shri Kaushik has handled Financial Markets in the Department of Economic Affairs, Ministry of Finance, where he handled policy and regulatory matters relating to Capital Markets, Foreign Institutional Investment, Foreign Exchange Management and External Commercial Borrowing. He was Member Secretary of the Committee to Liberalise Depository Receipts, Member of the SEBI Committee on Harmonisation of Portfolio Flows and also of the SEBI Committee on Disclosure and Accounting.
Earlier he was Director, IMF, IFC and World Bank in the Ministry of Finance. Previous assignments in the IAS include Secretary of Kerala State for Ports and Managing Director & CEO of the $2bn Vizhinjam International Seaport being set up in Kerala; Founding Director to establish the Indian Institute of Management, IIM at Calicut; and District Collector of Palghat district in the State of Kerala.
Besides IFCI, Shri Sanjeev Kaushik is also serving on the Board of India Infrastructure Finance Company Limited (IIFCL) as its Deputy Managing Director.
Further in the Budget 2017 Govt has committed to give boost to Tourism Sector being big employment generator and announced
1 Five Special Tourism Zones to be set in partnership with State govt .
2. Incredible India Campaign will be launched across world to promote tourism and employment .
3. Outlay for Integrated Development of Tourism Circuit around specific theme (Swadesh Darshan ) increased to 960 crores from 310 crores in 15-16.
3. Railway will commissioned 3500 kms lines and launched dedicated trains for tourism and pilgrimage .

TFCI Ltd being only NBFC in this sector and having govt patronage will be major beneficiary of the budget 2017 . The appointment of Mr Sanjeev Kaushik as Chairman of the TFCI Ltd will bring the stability at the top management , professionalism, faster decision making , efficiency and improved corporate governance which will take the TFCI Ltd to the growth path like what happened in case of Can fin Home ltd.