Question
Which of the following organizations is the regulatory
body for the Pension sector in India?Solution
Pension Fund Regulatory and Development Authority (PFRDA) is the regulatory body under the jurisdiction of the Ministry of Finance , Government of India for overall supervision and regulation of pensions in India. On 23 August 2003, Interim Pension Fund Regulatory & Development Authority (PFRDA) was established. The contributory pension system was notified by the Government of India on 22 December 2003, now named the National Pension System (NPS) with effect from 1 January 2004.
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