Government appoints Nagaraju Maddirala as IL&FS chairman
In short
The government appointed retired IAS officer Nagaraju Maddirala to lead IL&FS for two years. The reported pay is ₹5.5 lakh a month, plus a company car and leased accommodation.
This matters because IL&FS is a major company and the chair role affects its leadership. The reporting does not say when he starts or what tasks he will handle.
What the reporting says
The government appointed retired 1993-batch IAS officer Nagaraju Maddirala as chairman of IL&FS, according to a publisher-supplied summary. The reported term is two years, and the package includes ₹5.5 lakh a month, a company car and leased accommodation. The source does not say when the appointment takes effect or why the government chose him.
Why it matters
The government appointed Nagaraju Maddirala as IL&FS chairman for two years, with a reported monthly salary of ₹5.5 lakh plus a company car and leased accommodation. The action affects IL&FS leadership and governance, but the available reporting does not state the timing of the appointment beyond the term, or give a reason for the selection. No market reaction was reported.