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The overall belongings below administration below Nationwide Pension System and Atal Pension Yojana stood at Rs 8.81 lakh crore as on March 4, 2023. (Consultant picture)
Previous to this, Mohanty, a former govt director of the Reserve Financial institution of India (RBI), served as a member of PFRDA.
The federal government has appointed Deepak Mohanty as chairman of Pension Fund Regulatory and Improvement Authority (PFRDA).
He changed Supratim Bandyopadhyay, whose time period resulted in January.
Previous to this, Mohanty, a former govt director of the Reserve Financial institution of India (RBI), served as a member of PFRDA.
The central authorities hereby appoints Deepak Mohanty, former whole-time member, Pension Fund Regulatory and Improvement Authority (PFRDA), to the put up of chairperson, PFRDA, a authorities notification dated March 14, 2023 stated.
He’ll get a consolidated wage of Rs 4.50 lakh per thirty days with out the power of home and automotive with impact from the date of assumption of cost of the put up until attaining the age of 65 years or till additional orders, it stated.
Mohanty was appointed PFRDA member (Financial) in August 2020 for a interval of three years or until attaining the age of 62 years.
Apart from, the federal government has additionally appointed Mamta Shankar, IES (1993), Senior Financial Adviser, Division of Meals and Public Distribution, to the put up of whole-time member (Economics).
She has been appointed for a interval of three years or until she attains the age of 62 years, or till additional orders, whichever is the earliest, a separate notification stated.
The overall belongings below administration below Nationwide Pension System and Atal Pension Yojana stood at Rs 8.81 lakh crore as on March 4, 2023.
PFRDA was created in 2003 with the objective of selling, regulating, and growing the pension business of the nation. It was initially designed for presidency workers completely, however its providers had been subsequently expanded to incorporate all Indian nationals and NRIs, together with self-employed individuals.
PFRDA promotes, develops and regulates organised pension funds; specifically Nationwide Pension System (NPS) to serve the outdated age earnings wants of individuals on a sustainable foundation.
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