Deepak Mohanty appointed PFRDA chief


The Central authorities has appointed Deepak Mohanty, a former whole-time member of the Pension Fund Regulatory & Development Authority (PFRDA), as the brand new Chairperson of the PFRDA.

It additionally appointed Mamta Shankar, an Indian Economic Service Officer (1993) to the publish of Whole-Time Member (Economics) in PFRDA.

PFRDA regulates the National Pension System (NPS) that's obligatory for the Central authorities body of workers becoming a member of provider considering that 2004. Most country governments have additionally made it obligatory for his or her body of workers becoming a member of the provider considering that 2004 or 2005. Later, corporates and the overall public have been allowed to join NPS.

Mohanty, additionally a former government director of the Reserve Bank of India, will keep the pinnacle PFRDA publish until accomplishing the age of sixty five years or till in addition orders, whichever is earlier, the authorities said.  He will draw a consolidated profits of Rs 4,50,000 in line with month (with out the ability of a residence and car).

Mohanty had served a two-yr stint in PFRDA as a whole-time member (Economics) until remaining yr, overseeing regions of improvement and law of pension funds.

Earlier he turned into Executive Director of the RBI overseeing regions of enforcement of banking law, hazard management, inner audit and inspection, monetary stability, economic policy, financial research, and statistics.

Mamta Shankar has been appointed as a whole-time member of PFRDA for a length of 3 years or until she attains the age of sixty two years, or till in addition orders, whichever is the earliest, the authorities said.


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