Shashi Shankar moves a step closer to becoming ONGC chairman - ShadowTV | Online News Media 24/7 | The Shadow Behind the Truths!

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Shashi Shankar moves a step closer to becoming ONGC chairman

Oil and Natural Gas Corporation chief (specialized) Shashi Shankar has cleared the principal obstacle to head India's greatest oil and gas maker ONGC when the present administrator cum-overseeing executive Dinesh Sarraf resigns on September 30. 

Shankar was chosen from nine applicants by government talent scout Public Enterprise Selection Board. His decision would require endorsement of the Appointments Committee of the Cabinet (ACC) after the authoritative oil service acquires freedom from hostile to debasement guard dog Central Vigilance Commission. His arrangement will come through just when Prime Minister Narendra Modi, the sole individual from the ACC, endorses it. Shanker, 56, will have an about four-year term till March 2021. 

Shankar confronted discussion subsequent to being suspended from the present post in February 2015 for charged abnormalities in an unawarded Rs 23-crore delicate for purchasing 21 victory preventers. He must be restored in July as the Supreme Court held that an administration representative's suspension couldn't remain past 90 days unless the arraignment documents a charge sheet inside the stipulated time. 

About 30 hopefuls, including private segment honchos, connected for the ONGC beat work in May however the PESB shortlisted just nine, none from the private area as a result of whom the whole PESB determination prepare was deferred by almost six months.

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