The whole property beneath administration beneath National Pension System and Atal Pension Yojana stood at Rs 8.81 lakh crore as on March 4, 2023. (Representative picture)
Prior to this, Mohanty, a former government director of the Reserve Bank of India (RBI), served as a member of PFRDA.
The authorities has appointed Deepak Mohanty as chairman of Pension Fund Regulatory and Development Authority (PFRDA).
He changed Supratim Bandyopadhyay, whose time period led to January.
Prior to this, Mohanty, a former government director of the Reserve Bank of India (RBI), served as a member of PFRDA.
The central authorities hereby appoints Deepak Mohanty, former whole-time member, Pension Fund Regulatory and Development Authority (PFRDA), to the submit of chairperson, PFRDA, a authorities notification dated March 14, 2023 stated.
He will 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 submit until attaining the age of 65 years or till additional orders, it stated.
Mohanty was appointed PFRDA member (Economic) in August 2020 for a interval of three years or until attaining the age of 62 years.
Besides, the federal government has additionally appointed Mamta Shankar, IES (1993), Senior Economic Adviser, Department of Food and Public Distribution, to the submit 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 whole property beneath administration beneath National 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 purpose of selling, regulating, and growing the pension trade of the nation. It was initially designed for presidency workers completely, however its companies 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 National Pension System (NPS) to serve the previous age revenue wants of individuals on a sustainable foundation.
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