An official of Indian Finance Ministry has confirmed that the government is now all set to nominate a full time chairman for LIC of India in a week or ten days.
When former LIC Chairman, T.S. Vijayan's 5 year position terminated in May, additional secretary (Finance Ministry), Mr. Rakesh Singh was appointed as the temporarily Chairman. Subsequently, LIC’s MD, D. K. Mehrotra, was asked to take command of LIC.
In the month of June, a selection board under Economic-Affairs Secretary R. Gopalan short-listed four likely candidates for the post of chairman.
According to reports, the shortlisted candidates are currently acting Chairman D. K. Mehrotra, Executive Directors A. K. Sahoo, K. B. Saha, T. T Mathew and Managing Director Thomas Mathew.
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