The Indian government has appointed Deepak Mohanty as the new chairman of Pension Fund Regulatory and Development Authority (PFRDA), replacing Supratim Bandyopadhyay whose term ended in January. Mohanty, a former executive director of Reserve Bank of India (RBI), previously served as a member of PFRDA.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Additionally, Mamta Shankar has been appointed as the new whole-time member (Economics) for a period of three years or until she attains the age of 62 years, or until further orders. The total assets under management under National Pension System and Atal Pension Yojana stood at Rs 8.81 lakh crore as on March 4, 2023.
The Pension Fund Regulatory and Development Authority (PFRDA) was established in 2003 with the objective of promoting, regulating, and developing the pension industry in India. Initially, it catered only to government employees, but later expanded its services to all Indian nationals and NRIs, including self-employed individuals. PFRDA focuses on promoting, developing, and regulating organized pension funds, such as the National Pension System (NPS), to meet the old-age income requirements of people in a sustainable manner.
Weekly Current Affairs One-Liners Current Affairs 2025 plays a very important role in the competitive…
India has many cities that are famous for their unique industries, and some of them…
Some deserts are extremely hot, but some remain cold throughout the year. These cold deserts…
In today’s world, news media plays a very important role in sharing information quickly and…
PNB Housing Finance has announced the appointment of Ajai Kumar Shukla as its new Managing…
In a major push towards deepening financial inclusion, the Department of Posts (DoP) and BSE,…