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In March 2023, who was appointed as Chairperson of the Pension Fund Regulatory and Development Authority (PFRDA)?
Question

In March 2023, who was appointed as Chairperson of the Pension Fund Regulatory and Development Authority (PFRDA)?

A.

Subodh Jaiswal

B.

Suresh N Patel

C.

Tushar Mehta

D.

Deepak Mohanty

Correct option is D

The correct answer is (d) Deepak Mohanty.
Explanation:
Deepak Mohanty was appointed as the Chairperson of the Pension Fund Regulatory and Development Authority (PFRDA) in March 2023. PFRDA is the regulatory body responsible for overseeing and managing pension funds in India,
including the National Pension System (NPS) and Atal Pension Yojana (APY). Before his appointment, Deepak Mohanty served as a Whole-Time Member of PFRDA and was previously an executive director at the Reserve Bank of India (RBI).
Information Booster:
  • PFRDA was established in 2003 under the PFRDA Act, 2013.
  • It regulates the National Pension System (NPS) and Atal Pension Yojana (APY).
  • Deepak Mohanty has also worked with the RBI on financial inclusion and monetary policy.
  • PFRDA aims to promote retirement savings and pension benefits for citizens.
  • The NPS is open to all Indian citizens, including government and private sector employees.
  • Atal Pension Yojana (APY) was introduced in 2015 to provide social security to unorganized sector workers.
Additional Information:
  • Subodh Jaiswal – Director of the Central Bureau of Investigation (CBI).
  • Suresh N Patel – Former Chief of the Central Vigilance Commission (CVC).
  • Tushar MehtaSolicitor General of India, representing the government in legal matters.

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