Question
Which of the following are the powers and functions of
the Authority as laid down under the PFRDA Act?Solution
Section 14. Duties, powers and functions of Authority: (2) Without prejudice to the generality of the provisions contained in sub-section (1), the powers and functions of the Authority shall include-- (a) regulating the National Pension System and the pension schemes to which this Act applies; (b) approving the schemes, the terms and conditions thereof and laying down norms for the management of the corpus of the pension funds, including investment guidelines under such schemes; (c) registering and regulating intermediaries; (d) issuing to an intermediary, on application, a certificate of registration and renewing, modifying, withdrawing, suspending or cancelling such registration; (e) protecting the interests of subscribers by-- (i) ensuring safety of the contribution of subscribers to various schemes of pension funds to which this Act applies; (ii) ensuring that the intermediation and other operational costs under the National Pension System are economical and reasonable; (f) establishing mechanism for redressal of grievances of subscribers to be determined by regulations; (g) promoting professional or organisations connected with the pension system; (h) adjudication of disputes between intermediaries and between intermediaries and subscribers; (i) collecting data and requiring the intermediaries to collect such data and undertaking and commissioning studies, research and projects; (j) undertaking steps for educating subscribers and the general public on issues relating to pension, retirement savings and related issues and training of intermediaries; (k) standardising dissemination of information about performance of pension funds and performance benchmarks; (l) regulating the regulated assets; (m) levying fees or other charges for carrying out the purposes of this Act; (n) specifying by regulations the form and manner in which books of account shall be maintained and statement of accounts shall be rendered by intermediaries; (o) calling for information from, undertaking inspection of, conducting inquiries and investigations including audit of, intermediaries and other entities or organizations connected with pension funds; (p) exercising such other powers and functions as may be prescribed.
Which city topped the list of the world’s most polluted cities in December 2024, according to AirVisual?
According to BAHS 2025, which state accounted for nearly 48% of India’s total wool production? Â
Which king from the princely state of Tehri is known for starting the tradition of creating a city named after himself?
Which of the following magazines and their place of publication is not correctly matched?
Which player won the U19 girls’ title at the 2025 Asian Junior Squash Championships?
Who wrote the autobiography ‘Toward Freedom’?
S. Sachidananda Murthy has passed away, he was a famous personality of which field
By what amount has the monthly nutrition support under Ni-Kshay Poshan Yojana been increased for TB patients during treatment?
How many low-performing districts will be targeted under the PMDDKY?
Which Asian country has launched e-auction of 20 critical mineral blocks, including lithium and graphite?