Chief Economic Advisor Arvind Subramanian gets a year's extension

This ends weeks of speculation on his future in govt; there were reports he would quit even before his tenure was over

Chief Economic Advisor (CEA) Arvind Subramanian will continue in his current role for at least a year beyond his tenure, which ends on October 16, Finance Minister Arun Jaitley said on Saturday.

This ended weeks of speculation on Subramanian’s future in the government; there were reports that he would quit before his tenure was over.

A senior official said the discussions regarding Subramanian’s tenure had been going on for some time now, and he had briefly considered not continuing for a second term because of personal commitments. 

A senior fellow at the Peterson Institute for International Economics, Subramanian was appointed CEA in October