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BBB recommends two names for forthcoming two LIC MD posts - The Hindu BusinessLine


BBB recommends two names for forthcoming two LIC MD posts
May 09, 2021
Government looking take LIC public through mega IPO
The Banks Board Bureau (BBB), an apex body tasked to recommend candidates for the top management posts in public sector banks and state owned insurers, has recommended two names for the forthcoming two positions of Managing Director in insurance behemoth Life Insurance Corporation (LIC).
While Ipe Mini has been recommended for the first vacancy of Managing Director of LIC, the BBB has recommended B C Patnaik for the second vacancy of Managing Director in LIC.
Meanwhile, the Finance Ministry is yet to approach the Appointments Committee of the Cabinet (ACC) on the issue of recommending an extension in the tenure of the incumbent LIC Chairman M R Kumar. Although it is widely speculated that Government is bringing changes in the eligibility and experience criteria for appointment of LIC Chairman, no such formal proposal has been yet made by the Finance Ministry to the ACC as yet, it is learnt.

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Supreme Court To Examine Methods To Expedite Compensation In Motor Accident Cases


Supreme Court To Examine Methods To Expedite Compensation In Motor Accident Cases
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The Supreme Court is set to examine methods to expedite the grant of compensation in motor accident cases.
The Central Government has agreed to coordinate with all stakeholders included in the Bajaj Allianz's case regarding disbursement of compensation and expeditious adjudication of motor accident claims by online mechanism and place the agreed directions before the Court along with every party's perception.
The direction has come after Supreme Court decided to consider the issue of payment of victim compensation online pan India while adjudicating cases under Motor Accidents Claims Act and contemplate on the other issues that would help speed up the adjudication process

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