PSEB recommends extension of GAIL CMD's tenure
PSEB has recommended extension of services of state-run gas utility GAIL (India) Ltd Chairman and Managing Director Proshanto Banerjee till October 2007, when he attains super-annuation.
By PTI |
NEW DELHI: Public Enterprise Selection Board (PSEB) has recommended extension of services of state-run gas utility GAIL (India) Ltd Chairman and Managing Director Proshanto Banerjee till October 2007, when he attains super-annuation.
Banerjee was appointed as Chairman and Managing Director or GAIL with effect from August 27, 2001, for a period of five years, which was to get over on August 26, 2006.
Government sources said that since Banerjee had more than a year to reach his super-annuation age of 60 years, the PSEB and Ministry of Petroleum and Natural Gas conducted a joint appraisal of his five year tenure on Wednesday.
"PSEB unanimously recommended extension of his service till October 2007," a source said.
The recommendations of PSEB have been forwarded to the Petroleum Ministry for consideration. After it is vetted by the oil minister Murli Deora, a suitable recommendation would be forwarded to Appointments Committee of the Cabinet (ACC) through the Department of Personnel and Training.
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In May this year, the Petroleum Ministry had denied an extension of service to Oil and Natural Gas Corp (ONGC) Chairman and Managing Director Subir Raha till his super-annuation in 2008. In Raha's case the mandatory joint appraisal of the five year at the helm of the public sector company was not even carried, sources said.Start a SIP with as low as ₹500 with ET Money App!
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