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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Karnataka Minister urges Centre to launch Bengaluru–Vijayapura express train

01-04-2026 ¦ 01-04-2026 IST

Minister M B Patil

Bengaluru (PTI): Karnataka Infrastructure Development Minister M B Patil has urged the Centre to launch an express train service between Bengaluru and Vijayapura.

The demand comes following the completion of the 9.60-km double-line railway work between Alamatti and Wandal, which has been open for traffic since March 25, the Minister's office said in a statement on Wednesday.

"He has written a letter regarding this on March 30 to Union Railway Minister Ashwini Vaishnaw and Minister V Somanna," it said.

In the letter, Patil stated that the Alamatti–Wandal section, part of the Gadag–Hotgi double-line project, has now been completed. During an earlier meeting, it was mentioned that once this work was finished, an express train between Bengaluru and Vijayapura could be introduced. He has now requested that this be given priority.

He highlighted that thousands of people from Vijayapura and Bagalkote districts travel daily to Bengaluru for education, healthcare, administrative work, and business, and this train service would greatly benefit them.

According to him, currently, the train journey between the two cities takes about 15 hours, which is inconvenient.

He stressed the need to reduce this travel time to around 10 hours.

The minister also requested that trains departing from Bengaluru be given a limited stops upto Hubballi, and that trains proceeding to Vijayapura should be routed via the Hubballi and Gadag bypass lines.