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♦ The government has extended the tenure of Mallika Srinivasan as the head of the Public Enterprises Selection Board (PESB) by one year on 18 November 2024.
♦ It made an exception to rules to allow the private sector specialist to continue on the job beyond the cut-off age of 65 years. She is the Chairman and Managing Director of Tractors and Farm Equipment (TAFE) Limited.
♦ Mallika was originally appointed as the chairperson of government headhunter PESB in April 2021 for a three-year tenure till April 8, 2024. In March 2024, the tenure was extended from April 9, 2024, to November 18 - the date she attained the age of 65 years.
♦ PESB is a non-statutory body that advises the government on appointments to the highest posts in Central Public Sector Enterprises. The board comprises a chairman and three members. The term of office for the chairperson and members is three years, or until they turn 65, whichever comes first.