Rangachary re-appointed IRDA chairman
New Delhi: In an attempt to maintain continuity, the government has re-appointed Mr. N. Rangachary as the chairman of the newly constituted Insurance Regulatory and Development Authority (IRDA) for a further period of three years, until 2003.

This re-appointment has been welcomed by the industry at large which feels that this will enable the speeding up of the opening of the insurance sector.
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Alliance Air gets new MD in Anil Goyal
Mumbai: Alliance Air, the wholly-owned subsidiary of Indian Airlines which operates on the short haul routes and which was in the throes of uncertainty, has finally got a new managing director.

Mr. Anil Goyal, currently director in charge of cargo operations at Indian Airlines, has been appointed the new managing director of the fledging airline. The slot of managing director was vacant since its last incumbent Mr. J Rao ,retired in February this year.

The appointment of Mr Goyal as chief of Alliance Air, which has a turnover of around Rs 500 crore, is crucial at this juncture since the regional airline is going through a troubled phase with several routes which were with Alliance have been reverted to Indian Airlines recently as a result of which the profitability of the company has been affected.
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