Indian Oil chairman Shrikant Madhav Vaidya’s tenure extended by a year

Indian Oil chairman Shrikant Madhav Vaidya’s tenure extended by a year: The Appointments Committee of the Cabinet (ACC) approved the proposal of the Ministry of Petroleum and Natural Gas for re-employment on a contract basis of Shrikant Madhav Vaidya, Chairman, Indian Oil Corporation Limited for a period of one year.

Daily Current Affairs Quiz: August 2023

This is one of the very rare occasions when a director on the board of a PSU has been given an extension of service beyond his retirement age.

No chairman of a Maharatna PSU has been given an extension beyond 60 years.