Govt reconstitutes Economic Advisory Council under Bibek Debroy

Government has reconstituted the EAC-PM for a period of two years with effect from September 26, 2019, said an official release.

Update: 2019-09-25 13:49 GMT
This is regarding the fact that the estimate was done by NCAER (National Council of Applied Economic Research) for the ninth Finance Commission for terminal ideal GST, whereas GST -- which is work in progress - may take 20 years. It is not that you are going to get 1.5-2 per cent (additional) GDP growth overnight, said Bibek Debroy, Chairman, Economic Advisory Council to the Prime Minister. (Photo: File)

New Delhi: The government on Wednesday reconstituted the Economic Advisory Council to the Prime Minister (EAC-PM) under existing Chairman Bibek Debroy, for a period of two years.

Ratan P Watal will continue as Member Secretary of the EAC-PM.

"Government of India has reconstituted the EAC-PM for a period of two years with effect from September 26, 2019," said an official release.

Apart from these two full-time members, the EAC-PM will have two part-time members as against three in the outgoing panel.

While Ashima Goel continues to be one of the part-time members, Sajjid Chinoy has been roped in as the new member.

Two existing part-time members, Rathin Roy and Shamika Ravi, have not found place in the reconstituted EAC-PM.

The EAC-PM is an independent body constituted to advise the government, especially the prime minister, on economic and related issues.

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