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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Mysuru (Karnataka), Nov 13: Karnataka Chief Minister Siddaramaiah on Wednesday said there was a demand for four per cent reservation for Muslims in government tenders, but no decision has been taken yet on it.

Prominent Muslim leaders, including Karnataka Minister for Municipal Administration and Hajj, Rahim Khan, Congress MLAs and MLCs wrote to the chief minister on August 24 demanding to consider giving four per cent reservation to socially and economically backward Muslims in government contracts. The chief minister wrote on the petition on August 31 that the file should be put up, sources said.

"There was a demand for four per cent reservation, but we have not taken any decision yet," Siddaramaiah told reporters here.

When asked about the BJP raking up this issue, he said, "The BJP wants to communalise everything. Their job is to create a rift between Hindus and Muslims. Did they ever wish peace in society?"

BJP state president B Y Vijayendra termed the purported move unhealthy.

"In a bid to woo the Muslim community, the @INCKarnataka government is going to give reservation in contracts as well, which will damage the health of a harmonious society," he said in a post on ‘X’.

He said it had become inevitable to protest against such stances of the Congress government.

Former Union Minister Rajeev Chandrasekhar alleged in his post on social media 'X' saying what seemed like "shameless appeasement politics" to be a "cover for Congress corruption machine".