Govt. names Siddhartha Mohanty as LIC chairperson and first CEO

Govt. names Siddhartha Mohanty as LIC chairperson and first CEO

Daily Current Affairs / Govt. names Siddhartha Mohanty as LIC chairperson and first CEO

Change Language English Hindi

Category : Appointment/Resignation Published on: May 01 2023

Share on facebook

The Appointments Committee of the Cabinet (ACC) approved the proposal of the Department of Financial Services for the appointment of Siddhartha Mohanty, Managing Director (MD) and interim chairperson, Life Insurance Corporation of India (LIC) as Chairperson till June 29, 2024.
He had been serving as the corporation's interim chairman since March.
LIC, the country's largest insurer has decided to phase out the chairman post to align with other publicly traded corporations.
He began his career with LIC as a direct recruit officer in 1985 and rose through the ranks to the top position.
One of four managing directors at LIC, Mohanty had already been chosen as the Chairman in March for a three-month term on the recommendation of the autonomous body FSIB.

Recent Post's

The Telangana government launched the Indiramma Family Life Insurance Scheme providing ₹5 lakh coverage to 1.15 crore families starting June 2, 2026.
Read More....
The Prakriti 2026 conference in New Delhi introduced the Indian Carbon Market Portal to streamline carbon trading and climate action.
Read More....
The traditional Kelbai ‘Peth’ Festival is being celebrated in Mulgao, Goa, featuring a sacred ritual journey of the deity to Mayem village.
Read More....
Scientists identified the desert moss Syntrichia caninervis as a potential pioneer for Mars colonization due to its extreme resilience.
Read More....
World Water Day 2026 was observed on March 22 with the theme "Water and Gender" to promote equitable access and management.
Read More....
A new wild kiwi species, Actinidia indica, was discovered by the Botanical Survey of India in the Ziro Valley of Arunachal Pradesh.
Read More....
The Indian government launched the PRARAMBH 2026 campaign to educate citizens about the new Income Tax Act, 2025, effective from April 1.
Read More....
Pakistan ranked first in the Global Terrorism Index 2026 due to rising violence, while India stood at the 13th position.
Read More....
The Madras High Court issued directives for the systematic removal of the invasive plant species Prosopis juliflora to restore Tamil Nadu's ecology.
Read More....
The National Productivity Council (NPC) has been designated as the Environment Audit Designated Agency to monitor industrial compliance.
Read More....