A test for a chairman

With more than 80 people reportedly aspiring for the post of the chairman of the Pension Fund Regulatory and Development Authority (PFRDA), the joke among pension sector players is that the PFRDA chief's post is no different from an IIT entrance examination. A senior executive of a pension fund management company said the selection should be held in two phases, mains and advanced. And given the number of aspirants, he added, the government should also consider the possibility of holding an entrance test too!