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

Warwick University scientists develop diamond-based sensor for safer cancer tumour detection.
Read More....
Karnataka Assembly passes Bill to rename Bengaluru City University after Dr. Manmohan Singh.
Read More....
Veteran actor Achyut Potdar, known for 3 Idiots role, passes away at 91 in Thane, Mumbai.
Read More....
Rashmika Sahgal wins gold in junior women’s air pistol at Asian Shooting Championship.
Read More....
IIT Madras licenses India’s first silicon photonics-based quantum RNG for ₹1 crore.
Read More....
Press Registrar General launches ‘Press Sewa’ portal to simplify newspaper, periodical registration.
Read More....
NABL launches new Medical Application Portal for ISO 15189:2022 applicant laboratories.
Read More....
Cabinet approves ₹1,507 crore Greenfield Airport project at Kota-Bundi, Rajasthan.
Read More....
CERT-In issues high-level security alert for Microsoft Windows and Office users in India.
Read More....
Opposition nominates ex-Supreme Court judge B. Sudershan Reddy as Vice-Presidential candidate.
Read More....