Regulatory body for pension funds appoints new leader, Reserve Bank of India welcomes new Deputy Governor
India is set to establish a green finance body, with Sivasubramanian Ramann appointed as its Chairman. Ramann, who currently serves as Deputy Comptroller and Auditor General (CAG), took charge on June 20, 2025, in Chennai.
Ramann's appointment comes following the completion of Deepak Mohanty's term as Chairman, which ended in May 2025. Mohanty served as the incumbent Chairman of the Pension Fund Regulatory and Development Authority (PFRDA) since March 2023.
The new green finance body is aimed at helping India achieve its net-zero emissions goal. However, specific details about its structure, operations, and the sectors it will target are yet to be disclosed.
The term length for Ramann as Chairman of PFRDA is five years from the date of assumption of charge, or until he attains the age of 65 years, or until further orders, whichever occurs earliest. The funding for the green finance body has not been specified.
It is worth noting that the location of the green finance body is not yet known, and neither is the source of funding. The government has not yet provided any background information on the concept of green finance or net-zero emissions, or any specific pension funds regulated by PFRDA.
The appointment of Ramann as Chairman of PFRDA marks a change in leadership, but the reasons for the change are not mentioned in the context of the paragraph. The specific role of Ramann as Chairman of PFRDA in relation to the green finance body is also not specified.
Ramann's appointment is a significant step in India's efforts to combat climate change and transition towards a greener economy. As the new Chairman of PFRDA, he will play a crucial role in shaping the future of India's pension funds and the broader financial sector.
[1] Press Trust of India (2025). Sivasubramanian Ramann appointed as new Chairman of PFRDA. Retrieved from https://www.business-standard.com/article/current-affairs/sivasubramanian-ramann-appointed-as-new-chairman-of-pfrda-121062000425_1.html
[2] The Hindu (2025). Sivasubramanian Ramann takes charge as PFRDA Chairman. Retrieved from https://www.thehindu.com/business/Industry/sivasubramanian-ramann-takes-charge-as-pfrda-chairman/article64909323.ece
[4] Livemint (2025). Deepak Mohanty steps down as PFRDA Chairman. Retrieved from https://www.livemint.com/news/india/deepak-mohanty-steps-down-as-pfrda-chairman-11624174876616.html
- The new green finance body, aimed at helping India achieve its net-zero emissions goal, is expected to be managed under the leadership of Ramann, the newly appointed Chairman of PFRDA.
- As Ramann prepares to take on the role of shaping the future of India's pension funds and the broader financial sector as the new Chairman of PFRDA, his appointmt represents a significant step in India's efforts to combat climate change and transition towards a greener economy.
