Question
Which body was established to supervise and regulate the
pension sector in India, based on the recommendations of the OASIS report?Solution
Explanation: Section 1. Short title, extent and commencement: (3) (3) It shall come into force on 1st February, 2014. Pension Fund Regulatory and Development Authority is  the  regulatory  body  under  the jurisdiction of Ministry of Finance, Government of India for overall supervision and regulation of pension sector in India. It was  established  through  a  resolution  by  the Government of India to promote, develop and regulate pension sector in India based on the recommendations of the OASIS (Old age social and income security) report.
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