PSU Watch logo

| BEML posts highest-ever turnover of Rs 3,557 crore during FY 2020-21 |   | NCL extends Rs 10 crore to MP govt for setting up 5 oxygen plants |   | ‘With commercial auction tranche 2, govt moving towards rolling auction of coal mines’ |   | Only one-eighth of India’s target to deploy 2 mn solar pumps achieved so far: IEEFA |  

K Vinayak Rao is new Member (Finance) of AAI

K Vinayak Rao, who is serving as Member Finance of Delhi Development Authority (DDA), has been appointed as Member (Finance) of AAI

New Delhi: The Appointments Committee of the Cabinet (ACC) has approved the proposal of the Ministry of Civil Aviation for the appointment of K Vinayak Rao (IRAS) to the post of Member (Finance) of Airport Authority of India (AAI), a Miniratna PSU under the Ministry of Civil Aviation. According to an order from the Department of Personnel & Training (DoPT), he has been appointed on the post with an immediate absorption basis, with effect from the date of his assumption of charge of the post till the date of his superannuation, i.e. October 31, 2022, or until further orders, whichever is earlier. He is currently serving as Member Finance of Delhi Development Authority (DDA).

K Vinayak Rao is an Indian Railway Accounts Service (IRAS) officer of 1987-batch. He has done his MA (Mathematics) from St Stephen’s College of Delhi University

Earlier, PSU Watch had reported that Rao was recommended for the post of Member (Finance) of AAI by a PESB panel on Januaury 10. He was selected for the post from a list of 11 candidates, who were interviewed by the selection panel. As Member (Finance) of AAI, he will be overall in-charge of finance, accounts and financial operation of the organization. K Vinayak Rao is an Indian Railway Accounts Service (IRAS) officer of 1987-batch. He has done his MA (Mathematics) from St Stephen’s College of Delhi University.

Airports Authority of India (AAI)

The Airports Authority of India (AAI), a Miniratna PSU under the Ministry of Civil Aviation, is responsible for creating, upgrading, maintaining and managing civil aviation infrastructure in India. AAI manages 125 airports, which include 18 international airports, seven customs airports, 78 domestic airports and 26 civil enclaves at defence airfields.