Govt appoints Siddhartha Mohanty as new LIC chairman

Vartha Bharati | 28-04-2023 | 22:37:00 IST

New Delhi, Apr 28: The government on Friday appointed Siddhartha Mohanty as the new Chairman of LIC.

The insurer's former Managing Director B C Patnaik has been appointed as the Member (Life) of the Insurance Regulatory and Development Authority of India (Irdai).

Last month, the Financial Services Institutions Bureau (FSIB), the headhunter for directors of state-owned banks and financial institutions, recommended Mohanty's name as chairman of LIC.

According to sources, Mohanty has been appointed as head of LIC till June 7, 2025, when he attains the age of 62 years.

The government has appointed BC Patnaik as a Member (Life) of IRDAI till he attains the age of 62 years.

The notifications for the two appointments came after the approval of the Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi, the sources said.

Currently, Mohanty, Managing Director of LIC, is the acting chairman of the country's biggest life insurance firm after MR Kumar completed his term on March 13, 2023.

In 2021, the government extended the superannuation age of the LIC Chairman to up to 62 years by making an amendment to the Life Insurance Corporation of India (Staff) Regulations, 1960.

The changes made in the rules are called the Life Insurance Corporation of India (Staff) Amendment Rules, 2021.

Meanwhile, Patnaik retired as a Managing Director of LIC last month. He was replaced by Tablesh Pandey.

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PM plays football with boys, girls in Sikkim

28-04-2026 ¦ 28-04-2026 IST

Image Credit: PTI

Gangtok (PTI): Prime Minister Narendra Modi, who is on a two-day tour of Sikkim, played football with some boys and girls here on Tuesday morning, and described the soccer session as "energising".

Modi shared on social media a few photographs in which he is seen playing soccer with youngsters.

"Nothing like playing some football with my young friends in Sikkim on a lovely Gangtok morning! Clearly, an energising football session with these youngsters!" the PM said on X.

Modi also took a photograph with the players, with the Lok Bhawan building seen in the background.

During the day, the PM will attend the closing ceremony of 50 years of Sikkim's statehood and launch projects worth Rs 4,000 crore.