Published On: Mon, Sep 25th, 2017

PM constitutes Economic Advisory Council headed by Bibek Debroy

New Delhi: In an endeavour to strengthen nation’s economy Prime Minister Narendra Modi on Monday constituted the Economic Advisory Council to the Prime Minister (EAC-PM).

Niti Aayog Member Bibek Debroy said that the Railways, which is already reeling under financial constraints, will also suffer as wages go up.

Bibek Debroy, a member of the Niti Aayog was today appointed as the Chairman of the Economic Advisory Council.

The five-member team consists of Niti Aayog member Bibek Debroy who will head the Council.

The team also includes Aayog’s principal advisor and former finance secretary Ratan Watal as its member-secretary.

National Institute of Public Finance and Policy Director Rathin Roy, Economist Surjit Bhalla and professor at Indira Gandhi Institute of Development Research Ashima Goyal have also been roped in as members of the Council.

The terms of reference of the council include analysis of any issue, economic or otherwise, referred to it by the PM and advising him on the same, and attending to any task ‘as may be desired’ by the Prime Minister from time to time.

It will also be addressing issues of macroeconomic importance and presenting views thereon to the Prime Minister.

This could be either suo-motu or on reference from the Prime Minister or anyone else.

It was rendered defunct after the former UPA government demitted office in 2014.


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