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Pension Fund Regulatory And Development Authority
Pension Fund Regulatory and Development Authority (PFRDA) is the regulatory body for overall supervision and regulation of pensions in India. It operates under the jurisdiction of Ministry of Finance in the Government of India. It was established in 2003 based on the recommendations of the Indian government OASIS report and was part of the establishment of the Indian National Pension Scheme. History In 1999, the Government of India had commissioned a national project titled "OASIS" (an acronym for old age social & income security) to examine policy related to old age income security in India. Based on the recommendations of the OASIS report the Government of India introduced a new Defined Contribution Pension System for the new entrants to Central/State Government service, except to Armed Forces, replacing the existing system of Defined Benefit Pension System. On 23 August 2003, the Interim Pension Fund Regulatory & Development Authority (PFRDA) was established through a reso ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Regulatory Body
A regulatory agency (regulatory body, regulator) or independent agency (independent regulatory agency) is a government authority that is responsible for exercising autonomous jurisdiction over some area of human activity in a licensing and regulating capacity. Examples of responsibilities include strengthening safety and standards, and/or to protect consumers in markets where there is a lack of effective competition. Examples of regulatory agencies that enforce standards include the Food and Drug Administration in the United States and the Medicines and Healthcare products Regulatory Agency in the United Kingdom; and, in the case of economic regulation, the Office of Gas and Electricity Markets and the Telecom Regulatory Authority in India. Legislative basis Regulatory agencies deal in the areas of administrative law, regulatory law, secondary legislation, and rulemaking (codifying and enforcing rules and regulations, and imposing supervision or oversight for the benefit o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jayalalithaa
Jayaram Jayalalithaa (24 February 1948 – 5 December 2016), popularly known as Amma, was an Indian actress, politician, and philanthropist who served as the chief minister of Tamil Nadu for more than fourteen years between 1991 and 2016. She served as chief minister until her death and became the first female chief minister to die in office in the Republic of India. She was the longest-serving and former general secretary of the All India Anna Dravida Munnetra Kazhagam, a Dravidian party founded by her mentor and the former chief minister of Tamil Nadu M. G. Ramachandran (M.G.R.). Jayalalithaa is regarded as one of the most influential politicians of post-independence India. Apart from politics, as a film personality, she won the Tamil Nadu State Film Awards and three Filmfare Awards South. Jayalalithaa rose to prominence as a leading film actress in the mid-1960s. Though she had begun her acting career reluctantly at her mother's behest to support the family, Jayalalithaa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pension Regulation
Pension regulation is a legal term encompassing, the set of laws, rules and authoritative standards governing the pension industry, and the procedures needed to enforce them. Pension regulation varies widely from one jurisdiction to another - notably due to the persistence of discrepancies in the degree of autonomy and breadth of authority and discretionary power that national and regional pension regulators have at their disposal to enforce efficiently existing laws and regulations, in relation with local judicial practices and varying jurisprudential trends. Pension regulation seeks to provide the various norms and standards needed to foster market efficiency, consistency, transparency and accountability across the pension industry; it is a key driver of pension funds' risk management. In Europe, in the wake of the 2008-2009 financial crisis, some pension experts such as Anton van Nunen have argued that excessive or misplaced regulatory activism can sometimes have negative unin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Regulatory Agencies Of India
Regulation is the management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context. For example: * in government, typically regulation (or its plural) refers to the delegated legislation which is adopted to enforce primary legislation; including land-use regulation * in economy: regulatory economics * in finance: financial regulation * in business, industry self-regulation occurs through self-regulatory organizations and trade associations which allow industries to set and enforce rules with less government involvement; and, * in biology, gene regulation and metabolic regulation allow living organisms to adapt to their environment and maintain homeostasis; * in psychology, self-regulation theory is the study of how individuals regulate their thoughts and behaviors to reach goals. Forms Regulation in the social, political ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services In India
Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. As a subject of study, is a field of Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and public finance. In these financial systems, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. Due to its wide scope, a broad range of subfields exists within finance. Asset-, money-, risk- and investment management aim to maximize value and minimize volatility. Financial analysis assesses the viability, stability, and pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Financial Regulatory Authorities By Jurisdiction
In this list of financial regulatory and supervisory authorities, central banks are only listed where they act as direct supervisors of individual financial firms, and competition authorities and takeover panels are not listed unless they are set up exclusively for financial services. Financial intelligence units and policy banks are not listed, unless they also have a financial supervisory mandate. List of current authorities Authorities by sovereign states Others authorities by sovereign states and dependencies Extinct financial regulatory authorities Only those former authorities with a dedicated Wikipedia article are listed here. * Belgian Banking Commission (1935–2011) * (SBIF, 1925–2019), (SAFP, 1980–2008) and (SVS, 1980–2018) * China Banking Regulatory Commission (2003–2018), China Insurance Regulatory Commission (2003–2018), China Banking and Insurance Regulatory Commission (2018–2023), and Financial Stability and Development Committee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-Resident Indians
Overseas Indians (ISO: ), officially Non-Resident Indians (NRIs) and People of Indian Origin (PIOs) are people of Indian descent who reside or originate outside of India (Including those that were directly under the British Raj). According to the Government of India, ''Non-Resident Indians'' are citizens of India who currently are not living in India, while the term ''People of Indian Origin'' refers to people of Indian birth or ancestry who are citizens of countries other than India (with some exceptions). Overseas Citizenship of India (OCI) is given to ''People of Indian Origin'' and to persons who are not ''People of Indian Origin'' but married to an ''Indian citizen'' or ''Person of Indian Origin''. Persons with OCI status are known as Overseas Citizens of India (OCIs). The OCI status is a permanent visa for visiting India with a foreign passport. According to the Ministry of External Affairs report updated on 26 November 2024, there are 35.4 million non-resident Indians ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reserve Bank Of India
Reserve Bank of India, abbreviated as RBI, is the central bank of the Republic of India, and regulatory body responsible for regulation of the Indian banking system and Indian rupee, Indian currency. Owned by the Ministry of Finance (India), Ministry of Finance, Government of India, Government of the Republic of India, it is responsible for the control, issue, and maintenance of the supply of the Indian rupee. It also manages the country's main payment systems and works to promote its economic development. The RBI, along with the Indian Banks' Association, established the National Payments Corporation of India to promote and regulate the payment and settlement systems in India. Bharatiya Reserve Bank Note Mudran, Bharatiya Reserve Bank Note Mudran (BRBNM) is a specialised division of RBI through which it prints and mints Indian currency notes (INR) in two of its currency printing presses located in Mysore (Karnataka; Southern India) and Salboni (West Bengal; Eastern India). Depos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rajya Sabha
Rajya Sabha (Council of States) is the upper house of the Parliament of India and functions as the institutional representation of India’s federal units — the states and union territories.https://rajyasabha.nic.in/ It is a key component of India’s bicameral legislature at the national level, complementing the Lok Sabha (House of the People). While the Lok Sabha embodies the will of the people through direct elections, the Rajya Sabha serves as the voice of the states in the law-making process, reinforcing the federal character of the Indian Union.Basu, D.D. *Introduction to the Constitution of India*, LexisNexis As a permanent body that cannot be dissolved, the Rajya Sabha ensures continuity in governance and safeguards regional interests by offering a platform where state perspectives can be articulated on national legislation.Kashyap, Subhash C. *Our Parliament*, National Book Trust Its creation reflects the constitutional vision of balancing the unity of the nation w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lok Sabha
The Lok Sabha, also known as the House of the People, is the lower house of Parliament of India which is Bicameralism, bicameral, where the upper house is Rajya Sabha. Member of Parliament, Lok Sabha, Members of the Lok Sabha are elected by an adult universal suffrage and a first-past-the-post system to represent their respective List of constituencies of the Lok Sabha, constituencies, and they hold their seats for five years or until the body is dissolved by the president of India on the advice of the Union Council of Ministers. The house meets in the Lok Sabha Chambers of the New Parliament House, New Delhi. The maximum membership of the House allotted by the Constitution of India is 552. (Initially, in 1950, it was 500.) Currently, the house has 543 seats which are filled by the election of up to 543 elected members. Between 1952 and 2020, Anglo-Indian reserved seats in the Lok Sabha, two additional members of the Anglo-Indian community were also nominated by the President ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pranab Mukherjee
Pranab Kumar Mukherjee ( ; born, 11 December 1935 – 31 August 2020) was an Indian statesman who served as the president of India from 2012 until 2017. He was the first person from West Bengal to hold the post of President of India. In a political career spanning five decades, Mukherjee was a senior leader in the Indian National Congress and occupied several ministerial portfolios in the Government of India. Prior to his 2012 Indian presidential election, election as President, Mukherjee was Minister of Finance (India), Finance Minister from 2009 to 2012 also in 1982 to 1984. He was awarded India's highest civilian honour, the Bharat Ratna, in 2019, by his successor as president, Ram Nath Kovind. Mukherjee got his break in politics in 1969 when the then prime minister Indira Gandhi helped him get elected to the Rajya Sabha, the upper house of Parliament of India, on a Congress Ticket (election), ticket. Following a meteoric rise, he became one of Gandhi's most trusted lieuten ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
APJ Abdul Kalam
Avul Pakir Jainulabdeen Abdul Kalam ( ; 15 October 193127 July 2015) was an Indian aerospace scientist and statesman who served as the president of India from 2002 to 2007. Born and raised in a Muslim family in Rameswaram, Tamil Nadu, Kalam studied physics and aerospace engineering. He spent the next four decades as a scientist and science administrator, mainly at the Defence Research and Development Organisation (DRDO) and Indian Space Research Organisation (ISRO) and was intimately involved in India's civilian space programme and military missile development efforts. He was known as the "Missile Man of India" for his work on the development of ballistic missile and launch vehicle technology. He also played a pivotal organisational, technical, and political role in ''Pokhran-II'' nuclear tests in 1998, India's second such test after the first test in 1974. Kalam was elected as the president of India in 2002 with the support of both the ruling Bharatiya Janata Party and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
