Venkatachari Jagannathan Chennai, December 14, : .The Chief Vigilance Commissar of India is required to approve the appointment of the Insurance Regulatory Authority of India.
This was clearly stated by Nirmala Sitharaman (Finance Minister), in a written response to a question from Narain Dass, AAP Rajya Sabha member and qualified chartered accountant.
Curiously, IRDAI, while responding to similar questions under Right to Information, (RTI), has categorically stated that the Chief Vigilance Commissioner’s authorization for the appointment of the Chief Vigilance officer is not necessary.
A senior IRDAI official said to IANS that anonymity was preferable.
The IRDAI has also said to a RTI query in 2019 that it has no specific laid down criteria/yardsticks/parameters to be adopted before appointing an officer as Chief Vigilance Officer or Vigilance Officer.
The Finance Minister stated that the IRDAI must get the approval of the Chief Vigilance Commission before appointing its Chief Vizlance Officer.According to government regulations, the post of Chief Vigilance officer is considered sensitive.
The official must be transferred three times a year,” a senior IRDAI official stated.
To the question on the IRDAI’s vigilance policy, Sitharaman had said: “With regard to vigilance policy, the IRDAI has informed that it follows the Vigilance Manual issued by the Central Vigilance Commission (CVC) while dealing with vigilance complaints and, given this, it has not framed a separate vigilance policy.”
She also said IRDAI does not have a separate whistle-blower policy as it follows the Government Resolution published by the Department of Personnel and Training in the matter of probing complaints of corruption or misuse of office while keeping the identity of the complainant secret.
On the question of compulsory leave policy of the insurance regulator, Sitharaman said: “IRDAI has informed that it does not have such a policy, as the apparent rationale for such a policy is to serve as a check on adherence to procedures, guidance, instructions by personnel dealing with operations in the financial markets, sizeable amount of cash, etc, whereas IRDAI does not engage in such dealings.”
(Venkatachari Jagannathan can be contacted at [email protected]).
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