Updated By: LatestGKGS Desk
Renowned economist and columnist, Surjit Bhalla has resigned as a part-time member of Economic Advisory Council to the Prime Minister(EAC-PM).
Surjit Bhalla resignation comes after Reserve Bank of India (RBI) governor Urjit Patel, quit abruptly after a months-long tussle over policy with the union government.
PMEAC is a non-constitutional and non-statutory, non-permanent and independent body, constituted with the prime and sole aim to analyze all critical issues, economic or otherwise, referred to it by the prime minister and advising him thereon.
PMEAC is mandated to give advice to the prime minister on economic matters such as inflation, GDP changes, export-import changes, creating a supportive environment for increased trade and commerce.
At present, PMEAC is headed by Niti Aayog member Bibek Debroy. Economists Rathin Roy, Ashima Goyal, and Shamika Ravi are other part-time members.
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