The interview for the selection of chief of country's largest insurance company lIC is scheduled on Tuesday, with three candidates in fray for the high profile post.
A five-member panel led by Department of Personnel & Training Secretary PK Misra will choose the successor to D K Mehrotra, whose term as chairman of the state-run insurer ends on May 31.
"The interview for selection of Chairman is scheduled on April 23," an official source said.
The candidates in fray for the top job are the present Managing Director of the company Sushobhan Sarkar and two other executive directors SK Roy and SB Mainak.
lIC, which manages assets worth around Rs 14-lakh crore of over 20 crore policyholders, has the largest market share among 24 players.
The source said while seniority would be the basis for deciding on the Chairman, the panel would also keep in mind the candidate who would be best suited to balance the interest of its policyholders, and give returns to the Government as well.
The other members of the panel are Financial Services Secretary Rajiv Takru, Economic Affairs Secretary Arvind Mayaram, Insurance Regulatory and Development Authority (Irda) Chairman T S Vijayan and former lIC Chairman S B Mathur. PTI
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Russian billionaire Alisher Usmanov, 59, who has a near 30 per cent stake in Arsenal Football Club, is the richest person in Britain with a fortune worth 13.3 billion pounds.
The list’s biggest gainer over the past year is another Russian tycoon leonard Blavatnik, who ranks second with his wealth of 11 billion pounds.
According to the list, lord Paul, Chairman of the Caparo Group, is the richest Peer in the House of lords with a fortune worth 2 billion pounds. He stands at 38th position.
lord Paul’s fortune has been boosted by profits from his Caparo steel and engineering firm, the report said.
The highest placed UK-born person is Gerald Grosvenor,the Duke of Westminster, who is worth 7.8 billion pounds and ranked eighth.
london-based Ravia Ruia, one of India’s leading industrialists, is 24th in the list with a wealth worth 2.55 billion pounds - up 550 million pounds over the previous year.
Anil Agarwal, Chairman of Vedanta Resources, the london-quoted Indian metals-to-oil group, is 35 in the list with a wealth of 2.2 billion pounds, down 50 million pounds over the previous year.
Sri Prakash lohia, who is into Textiles and plastics business, is 39th in the list with 1.89 billion pounds wealth.
Naresh Goyal, Chairman of Jet Airways, is 170th in the list with a 515 million pounds worth fortune.
sing UxIJeIIJIJ IJIJ tion Numbers (UID) beginning 2013, Chidambaram said eventually, cash transfers will be the preferred mode for the disbursement of subsidies and other monetary benefits to improve efficiency and avoid duplication and leakages.
Efforts are underway to pen the laws and implement the Goods and Services Tax (GST) and the Direct Tax Code (DTC) as early as possible, he said.
Inflation in India has begun to moderate, he said, noting that core inflation, in particular, has moderated significantly.
“Together with the measures taken for fiscal consolidation, this has provided space to the Reserve Bank of India for some monetary easing. To address growth concerns, the Reserve Bank has cut its policy rates twice during the last three months,” he said.
rDtiIJIJ 8IJ was originally envisioned in 2005 to be a 12 million tonnes capacity venture with an investment totaling $12 billion, is yet to take off mainly owing to issues to land acquisition.
Acquiring land for this project became a problem as local tribals and villagers literally stuck to their ground, refusing to part with their lands. Subsequently the project had to be downgraded after reconciliation was reached to acquire 2,700 acres of land, considerably down from the originally planned 4,000 acres. Resultantly it was decided by the project management that they will now produce 8 million tonnes per annum from the proposed steel plant.
In case of Vedanta’s lanjigarh refinery project also, while the plan was to expand it from the existing 1 million tonnes per annum capacity to 6 million tonnes per annum, due to the issues related to the site from where it plans to mine bauxite for the project, its future now lies in the hands of the Kalahandi Gram Panchayat.