Govt reconstitutes EAC-PM for two-year interval; Debroy continues as head

Govt reconstitutes EAC-PM for two-year interval; Debroy continues as head

The federal government has reconstituted the financial advisory council to the Prime Minister (EAC-PM) for a interval of two years with Bibek Debroy persevering with to go the assume tank.

Former RBI deputy governor Rakesh Mohan, NCAER director basic Poonam Gupta, IIM, Ahmedabad professor TT Ram Mohan has been appointed as new half time members, whereas V Anantha Nageswaran has been dropped.

The opposite part-time members of the Council embrace J P Morgan chief India economist Sajjid Chenoy, head of Asia Pacific Technique and India Strategist for Credit score Suisse Neelkanth Mishra and Kotak Mutual Fund managing director and CEO Nilesh Shah.

In keeping with a Cupboard Secretariat notification, the Council would analyse any challenge, financial or in any other case, referred to it by the Prime Minister.

Apart from, it will handle problems with macroeconomic significance and current views thereon to the Prime Minister.

The EAC-PM, an unbiased physique, was arrange in September 2017 with a time period of two years.

The identify of the physique was barely modified from its former avatar — Prime Minister’s Financial Advisory Council– which was headed by former RBI governor C Rangarajan in the course of the Manmohan Singh authorities.

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