EAC-PM

NITI Aayog vice chairman Suman Bery has been given additional charge as the chairman of the Economic Advisory Council to the Prime Minister (EAC-PM) about a month ago, a senior government official said on Monday. He replaced Bibek Debroy, who died on November 1. Debroy, a key economic adviser to the prime minister whose prolific work included those related to economic theory, income inequality, and infrastructure financing, was admitted to the AIIMS on October 31. "Bery has been given additional charge of EAC-PM as its chairman about a month ago," the official told PTI. EAC-PM is an independent body constituted to give advice on economic and related issues to the Government of India, specifically to the prime minister. At present, the composition of EAC-PM is: Sanjeev Sanyal (member), Shamika Ravi (member), Rakesh Mohan (part-time member), Sajjid Chinoy (part-time member), Neelkanth Mishra (part-time member), Nilesh Shah (part-time member), T T Ram Mohan (part-time member) and .

In July, Chief Economic Advisor V Anantha Nageswaran pitched for excluding food inflation from policy formulation which set it a fierce debate in policy circles with RBI resisting any such move

Though Tamil Nadu's share declined, from 8.7 per cent in 1960-61 to 7.1 per cent in 1990-91, it saw a turnaround, with its share in the national GDP touching 8.9 per cent in 2023-24

Former P&G CEO Das, who proposed the idea, said this individual should be a leader who would coordinate among different entities to raise competitiveness of the economy

The urban population is more educated and generally has a different set of job preferences than the rural

Income generation must be the focus of policy

According to the report, while growth has taken place in terms of an increase in wages earned, the benefits of that growth have been concentrated and this has marginalised the poor further

While growth has taken place in terms of an increase in wages, the benefits of that growth have been concentrated and this has marginalised the poor, states 'The State of Inequality in India' report

It could be a new scheme or modified version of an existing employment programme, officials say

However, the finance minister has achieved a "balancing act" through her moves, Goyal said

Rathin Roy chats with Arup Roychoudhury about his life, his views on the slowdown and on economic policies in general

Efforts should be mounted to lower the interest rate burdens for borrowers, and RBI's pause had a "terrible" effect of costs for a third of borrowers going up by 0.25 per cent

A notification by the Cabinet Secretariat announced the addition of Neelkanth Mishra, Nilesh Shah, Anantha Nageswaran's names as part-time members of the EAC-PM

Sajjid Chenoy, India economist at JP Morgan is the new part-time member

The other current members are Rathin Roy of National Institute of Public Finance and Policy and Ashima Goyal of Indira Gandhi Institute of Development Research

In a research paper, Subramanian has said that India's real GDP growth was more likely to have been 3.5-5.5 per cent in 2011-2016

As economic growth takes time to recover particularly affecting the lower strata of society, the Economic Advisory Council to the Prime Minister headed by noted economist Bibek Debroy has supported incentivizing states for achieving results in sectors like health and education.According to an official statement, the EAC-PM, at its second meeting held today also underlined the need for infrastructure financing to be accorded high priority, with new mechanisms for a risk coverage umbrella.It took stock of the prevailing economic situation and spelt out "a clear road map" for stepping up skill development, job creation and enhanced resource investment in the social sector - including for health and education and boosting infrastructure financing."It formulated far-reaching recommendations to guide the evolving framework for the Fifteenth Finance Commission, including the incentivisation of states for achieving health, education and social inclusion outcomes," the statement added.The ...

At its first meeting, EAC-PM chose 10 themes on which it could provide implementable recommendations to PM