Subhash Chandra Appointed as the New Chairman of IRDA

Subhash Chandra Khuntia is appointed as the new Chairman of Insurance Regulatory and Development Authority of India (IRDAI).

• His appointment has been approved by the Appointments Committee of the Cabinet (ACC) for a period of three years. 
• The post was vacant for more than two months after TS Vijayan’s tenure came to an end on 21st February 2018.
• Subhash is a 1981-batch Indian Administrative Services (IAS) officer who was a former Chief Secretary of Karnataka.
• He has served as a Financial Advisor in the Ministry of Petroleum and Natural Gas.

Expected Questions

Question 1. Who is appointed as the new Chairman of IRDA?
Subhash Chandra Khuntia

Question 2. What is the full form of IRDA?
Insurance Regulatory and Development Authority of India

Question 3. Where are the headquarters of IRDA located?
Hyderabad, Telangana

Question 4. Which organization/agency is responsible for regulating the insurance sector of India?
IRDA

Question 5. When was IRDA established?
1999

Question 6. Which committee recommended the establishment of IRDA?
R.N. Malhotra Committee

Question 7. The only woman who holds the post of the Finance Minister of India is?
Indira Gandhi

Question 8. The first Union budget of independent India was presented by?
R. K. Shanmukham Chetty