Rajiv Bansal appointed Air India chief

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The government on Thursday appointed senior IAS officer Rajiv Bansal as the chairman and managing director (CMD) of Air India. Bansal, currently additional secretary in petroleum ministry, had held additional charge of Air India (AI) chief in August 2017 for about four months when the then chairman Ashwani Lohani was moved to Railway Board.

The rule was aimed primarily at improving the corporate governance structure of listed companies. It wanted to separate the board and the management of the top 500 listed companies. In most of the developed world, the board of the company and the management are separate where the board oversees the management.