Yogesh Agarwal, the Chairman of PFRDA Resigned; Anup Wadhawan Took Over

The Chairman of Pension Fund Regulatory and Development Authority (PFRDA), Yogesh Agarwal resigned from the post of Chairman on 13 November 2013.

Created On: Nov 14, 2013 16:10 IST

The Chairman of Pension Fund Regulatory and Development Authority (PFRDA), Yogesh Agarwal resigned from the post of Chairman on 13 November 2013. He resigned because of the Government’s decision to not allow him to be a part of the selection panel for members of the regulator.

image
In the meanwhile, Joint Secretary Anup Wadhawan was appointed as the new Chairman of PFRDA by the Finance Ministry. It is important to note that Yogesh Agarwal had one and half years more as his tenure of the Chairman.

Inclusion of Chairman in the Selection Panel as Per the PFRDA Act 2013

The selection panel members include Economic Affairs Secretary Arvind Mayaram, Financial Services Secretary Rajiv Takru, Department of Personnel and Training Secretary Syamal Kumar Sarkar, Chairman of the Insurance Regulatory and Development Authority (IRDA), TS Vijayan, former LIC Chairman S B Mathur. According to the PFRDA Act 2013, the body should include the Chairperson and not more than six members (out of which three should be the full-time members), to be appointed by the Union Government of India.

Term of the Chairman of PFRDA

The Chairman as well as every full-time member of PFRDA holds the office for the term of five years. Also, the Chairman and members are eligible for reappointment. The age limit for a Chairman of PFRDA is 65 years and that of the full-time members is 62 years. Part-time members, in the meanwhile, can hold the office for the term not exceeding five years from the date of joining the office.

Take Weekly Tests on app for exam prep and compete with others. Download Current Affairs and GK app

एग्जाम की तैयारी के लिए ऐप पर वीकली टेस्ट लें और दूसरों के साथ प्रतिस्पर्धा करें। डाउनलोड करें करेंट अफेयर्स ऐप

AndroidIOS

Related Stories

Comment (0)

Post Comment

6 + 3 =
Post
Disclaimer: Comments will be moderated by Jagranjosh editorial team. Comments that are abusive, personal, incendiary or irrelevant will not be published. Please use a genuine email ID and provide your name, to avoid rejection.

    Monthly Current Affairs PDF

    • Current Affairs PDF November 2021
    • Current Affairs PDF October 2021
    • Current Affairs PDF September 2021
    • Current Affairs PDF August 2021
    • Current Affairs PDF July 2021
    • Current Affairs PDF June 2021
    View all

    Monthly Current Affairs Quiz PDF

    • Current Affairs Quiz PDF November 2021
    • Current Affairs Quiz PDF October 2021
    • Current Affairs Quiz PDF September 2021
    • Current Affairs Quiz PDF August 2021
    • Current Affairs Quiz PDF July 2021
    • Current Affairs Quiz PDF June 2021
    View all