Current Affairs

Surjit Bhalla resigns from Prime Minister's Economic Advisory Council

Eminent economist and columnist Surjit Bhalla has resigned as part-time member of Economic Advisory Council to the Prime Minister(EAC-PM).
Surjit Bhalla resigns from Prime Minister's Economic Advisory Council
  • His resignation comes a day after Reserve Bank of India (RBI) governor Urjit Patel, quit abruptly after months-long tussle over policy with the government.

About Prime Minister's Economic Advisory Council (PMEAC):

  • PMEAC is a non-constitutional and non-statutory, non-permanent and independent body, constituted with the prime and sole aim to analyse all critical issues, economic or otherwise, referred to it by the Prime Minister and advising him thereon.
  • It is mandated to give advice to the Prime Minister on economic matters such as inflation, GDP changes, export-import changes, creating supporting environment for increased trade and commerce.

Functions:

  • Submit periodic reports to the PM related to macroeconomic developments and issues which will have implications on the economic policy.
  • Analyse any topics, issues assigned by the PM and provide advice on them.
  • Analyse macroeconomic issues having high importance and present the views to PM and any other task which is assigned by the Prime Minister.

Current Composition of PMEAC:

  • It is headed by Niti Aayog member Bibek Debroy.
  • Economists Rathin Roy, Ashima Goyal and Shamika Ravi are other part-time members.

Question:

Q. Which eminent economist and columnist has resigned as part-time member of Economic Advisory Council to the Prime Minister(EAC-PM)?
a. Shashi Bhalla
b. Surjit Bhalla
c. Sanjeev Bhalla
d. None of the above
Surjit Bhalla resigns from Prime Minister's Economic Advisory Council Surjit Bhalla resigns from Prime Minister's Economic Advisory Council Reviewed by Inderjeet Virdi on December 14, 2018 Rating: 5

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