IRDAI Appoints Five New Members to Insurance Advisory Committee

24 Mar 2025 CW Team

The Insurance Regulatory and Development Authority of India (IRDAI) has reconstituted its Insurance Advisory Committee by appointing five new members under Section 25 of the IRDA Act, 1999, and Regulation 3A of the Insurance Advisory Committee Regulations, 2000.

The newly appointed members include:

MR Kumar: Former Chairman of Life Insurance Corporation of India and current Non-Executive Chairman of Bank of India.

Dinesh Kumar Khara: Former Chairman of State Bank of India.

Visakha Mule: CEO of Aditya Birla Capital.

Nilesh Shah: MD of Kotak Mahindra Asset Management Company.

Kotak Ellis G Vaidyan: Former CMD of GIC Re and Independent Director on the boards of Air India and Tata AIA Life Insurance.

The Insurance Advisory Committee comprises members representing various sectors, including commerce, industry, and consumer groups. The appointments will take effect from the date of publication in the official gazette, according to the IRDAI release.

Infrastructure Transport

30 May 2026

Chembur Metro to Boost East Mumbai Links

MMRDA is advancing eastern Mumbai’s urban mobility network, with the upcoming Chembur Metro Station set to emerge as a key interchange and the Mumbai Monorail preparing for relaunch.Dr Sanjay Mukherjee, Metropolitan Commissioner, MMRDA, conducted a site visit to Chembur Metro Station along with Kanhuraj Bagate, Managing Director, MMMOCL. He also visited the nearby VN Purav Monorail Station to review system preparedness and ease of interconnectivity.Once operational, the interchange is expected to offer commuters across the eastern suburbs quicker access, smoother transfers and seamless conne..

Herrenknecht TBMs Drive Thane–Borivali Tunnel Progress

Herrenknecht India has supplied two of the four tunnel boring machines (TBMs) required for the 11-km Thane–Borivali Twin Tunnel Project being developed by the Mumbai Metropolitan Region Development Authority (MMRDA). The project is expected to reduce travel time between Thane and Borivali from 60–90 minutes to around 15 minutes while easing congestion across the Mumbai Metropolitan Region.The first two Single Shield TBMs, named Nayak and Arjuna, feature 13.34-m cutterhead diameters and are designed for hard-rock excavation. They will be deployed to tunnel through the challenging geological..

KBL Launches Smart Skid Mounted Fire Pump Set

Kirloskar Brothers (KBL) has launched its Smart Skid Mounted Fire Pump Set, an integrated fire protection solution designed to improve operational efficiency, remote monitoring and installation flexibility. The system was inaugurated by Ms Madhuritai Misal, Hon. Minister of State for Urban Development, Government of Maharashtra.The Smart Skid Mounted Fire Pump Set is a factory-tested, pre-packaged solution that combines FM/UL-certified motor and engine pump sets with IoT-enabled remote monitoring. Designed to deliver a flow rate of 170 m³/hr at a head of 100 metres, the system aims to provide..