Persons in News 2018

Latest Persons in news Current Affairs 2017. National and International Personalities in news Current Affairs 2017, India and world Persons in news Current Affairs 2017 with all important national updates and events for the year 2017

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Government appoints Subhash Chandra Khuntia as new chairman of IRDAI

The Appointments Committee of Cabinet (ACC) has appointed former chief secretary of Karnataka, Subhash Chandra Khuntia as new chairman of Insurance Regulatory and Development Authority of India (IRDAI). He will succeed TS Vijayan whose five-year term ended in February 2018. He will have tenure of period of three years from the date of joining. Subhash Chandra Khuntia is 1981-cadre IAS official from Karnataka,

Insurance Regulatory and Development Authority of India (IRDAI)

IRDA is an apex statutory body that regulates and develops insurance industry in India. It was constituted as per provisions of Insurance Regulatory and Development Authority Act, 1999. Its headquarter is in Hyderabad.

Functions of IRDA

  • Protect the rights of insurance policy holders.
  • Provide registration certification to life insurance companies
  • Renew, modify, cancel or suspend this registration certificate as and when appropriate; promote efficiency in conduct of insurance business
  • Promote and regulate professional organisations connected with insurance and reinsurance business; regulate investment of funds by insurance companies
  • Adjudication of disputes between insurers and intermediaries or insurance intermediaries.

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Sikkim’s Pawan Chamling becomes India’s longest-serving Chief Minister

Sikkim’s Pawan Chamling (68) created history by becoming longest-serving Chief Minister in India. He has completed 23 years, four months and 17 days of uninterrupted service in office. He surpassed earlier record held by Jyoti Basu, 5-term West Bengal CM who held office for 23 years. Basu was in office from June 21, 1977 to November 6, 2000.

Pawan Chamling

Pawan Chamling was born on September 22, 1950, at Yangang, South Sikkim. He had dropped out of school after matriculation. He took his plunge into politics at age of 22 during the time when negotiations were underway for merger of the kingdom of Sikkim with India. He started his active political career at age of 32. He was elected aspresident of Yangang Gram Panchayat in 1982. In 1985, he was elected to the Sikkim Legislative Assembly for the first time. He had served as Minister for Industries, Information and Public Relations from 1989 to 1992 in Nar Bahadur Bhandari cabinet in the state. After a series of political upheavals in Sikkim, he formed Sikkim Democratic Front (SDF) in 1993. He was sworn in as chief minister of Sikkim for the first time on December 12, 1994 and now has been in office for fifth consecutive term.

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