CURRENT AFFAIRS

Detailed explanation-1: -(ONGC) – a Fortune 500 company & a premier Maharatna PSU and the flagship National Oil Company, and also the Chairman of ONGC group of companies comprised of subsidiaries-ONGC Videsh Limited, MRPL and Joint Ventures-OPaL, OMPL, OTPC and MSEZ.

Detailed explanation-2: -Chairman. Arun Kumar Singh has joined as the Chairman of Oil and Natural Gas Corporation Limited (ONGC). He assumed the charge as the Chief of the Energy Maharatna on 7 December 2022.

Detailed explanation-3: -The Chairman and Managing Director of ONGC-India’s biggest oil and gas producing company, Shashi Shanker is an industry veteran. He holds 30 years of experience in diverse E&P activities. Earlier Shanker was the director of technical and field services in ONGC.

Detailed explanation-4: -Col Satya Pal Wahi was an Indian corporate executive, army personnel, technocrat, writer and a former chairman of public sector enterprises ONGC and Cement Corporation of India(CCI). He is a former Indian Army Colonel at the Corps of EME.

Detailed explanation-5: -Government appoints Shri Arun Kumar Singh as Chairman, ONGC; approves Board level reforms. Government of India had set up a Search-cum-Selection Committee (SCSC) in February, 2022 for filling up the post of CMD, ONGC.