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An appointment can be defined as an arrangement for a meeting at a specific time. The article is going to focus on the appointment of current affairs, important appointments of India as well as LIC chairman and IDBI chairman. In the present scenario, Sunil Agarwal was appointed effectively as the CFO as well as Siddhartha Mohanty as a Managing Director of Life Insurance Corporation (LIC) HFL. Appointments play a critical role in developing insights, and better security. The article will focus on important national appointments.
Appointment Current affairs
M R Kumar is going to serve the position of LIC chairman till 13th March 2023 on the basis of the Cabinet’s appointments committee (ACC). The current IBBI chairman publishes details, frequency, format, as well as the syllabus of the Valuation Examination. In 2022, IBBI participated in the international conference on the concept of IBC from an International and Indian perspective.
The LIC chairman stated that the insurer may use its network of branches to market its services of insurance and not sell its whole stake in the bank of IDBI. In 2021, the government and LIC had almost 49.24% as well as a 45.48% stake in IDBI bank. The LIC chairman in the present situation holds control of management due to having a huge stake in IDBI. Currently, the LIC chairman launches digital initiatives in terms of supporting its people as well as the nation. Moreover, the IDBI chairman focused on selling its whole stake of the shares of almost 20 core equity in “Ageas Federal Life Insurance”.
Important appointments in India
Currently, Viswas Patel is elected one more time as chairman of “The payment Council”. The new appointments in India are:
- Ajay Kumar Bhalla: Union Home Secretary
- Ajay Kumar: New secretary of defence
- Rajiv Gauba: New Secretary of Cabinet
- Giriraj Guava: New controller of General of Accounts
- Karambir Singh: New chief of Navy
Appointments play a critical role in managing the activities of the private as well as the public sector effectively. The identification of needs and requirements assists the chairman of both the public and private sectors in making appointments to develop services. The LIC chairman is a ranked officer of India’s secretary of government. LIC chairman effectively appointed the secretary of former financial services. The “Appointments Committee of the Cabinet” effectively appointed Siddhartha Mohanty in the designation of managing director of LIC.
LIC Chairman and IDBI chairman
The current LIC chairman is “Shri. Mangalam Ramasubramanian Kumar”. In the current situation, the LIC chairman stated that LIC is well-capitalised as well as there is no requirement for capital. Along with that, the LIC chairman also stated that in case, there will be a requirement for capital; the organisation will approach shareholders as well as the government.
The IDBI chairman stated that LIC would like to make some partnerships with the bank. In the present scenario, LIC owns almost a 49.24% stake in the bank of IDBI. Rakesh Sharma was again effectively appointed as a CEO as well as MD of IDBI bank. In the current situation, the IDBI chairman informed the matter of stock exchanges and the board of the bank has effectively approved the subject of re-appointment of Rakesh Sharma on the designation of managing director.
Conclusion
Based on the above discussion, it can be concluded that the market position, as well as shares of an organization, plays a critical role in developing activities as well as improving appointments. The article discussed the appointment of current affairs, important appointments of India as well as LIC chairman and IDBI chairman. The current LIC chairman is “Shri. Mangalam Ramasubramanian Kumar” and the IBBI chairman is civil servant Ravi Mittal. Moreover, it can be stated that M R Kumar will serve the position as chairman till 13th March 2023 in LIC. The initiatives of the LIC chairman assisted in developing their services and shares effectively within a certain period.
