Economic Advisory Council

Donald Trump taps Kevin Hassett to head National Economic Council

Hassett headed the White House Council of Economic Advisers, which advises the president on economic policy, from 2017-2019

Bibek Debroy (1955-2024): From free-market advocate to cultural custodian

Debroy was one of the very few economists not bound by any single area of expertise and was simultaneously curious about economics and politics, myths and maths, and what not

EAC-PM member Sanjeev Sanyal accepts Chancellorship of Gokhale Institute

Sanjeev Sanyal, a member of Economic Advisory Council to the Prime Minister, on Sunday said he has accepted the Chancellorship of Gokhale Institute of Politics and Economics (GIPE) Pune, 10 days after Bibek Debroy resigned from the post. EAC-PM chairman Debroy resigned as Chancellor of the GIPE on September 27, a day after the Bombay High Court extended interim relief to Vice-Chancellor Ajit Ranade, who was earlier removed from his post. "This is just to state that I have accepted the Chancellorship of Gokhale Institute of Politics and Economics, Pune. Look forward to working with faculty, staff and students to build on GIPE's well-established legacy," Sanyal said in a post on social media platform X. "For those uninitiated with the structure of academic administration, the Chancellor of a university is somewhat like a 'non-executive chairman' - duties relate to broad direction and governance rather than the daily running of the institution. This role does not impact my normal work

West Bengal economy performs poorly over several decades: EAC-PM paper

West Bengal has experienced a continuous decline in its relative economic performance over several decades, according to a working paper by Economic Advisory Council to the Prime Minister(EAC-PM). Authored by EAC-PM member Sanjeev Sanyal, the paper 'Relative Economic Performance of Indian States: 1960-61 to 2023-24' said the development of eastern part of the country remains a concern. It said maritime states have clearly outperformed other states, with the exception of West Bengal. Although Bihar's relative position has stabilized in the last two decades, it remains significantly behind other states and requires much faster growth to catch up, the paper noted. Conversely, Odisha, traditionally a laggard, has shown a marked improvement in recent years. "West Bengal, which held the third-largest share of national GDP at 10.5 per cent in 1960-61, now accounts for only 5.6 per cent in 2023-24. It has seen a consistent decline throughout this period. "West Bengal's per capita income

Rakesh Mohan appointed a member of World Bank economic advisory panel

Currently, Mohan is serving as president emeritus and distinguished fellow at CSEP and is also part-time member of the Prime Minister's Economic Advisory Council

Getting to grips with logistics cost

As India focuses on reducing the cost, it is important to get the numbers right

Govt to hold off on introducing PLI schemes, evaluates existing initiatives

Launched three years ago with an allocation of Rs 1.97 lakh crore, the PLI scheme aimed to boost domestic manufacturing and draw investments

PM council distances itself from Bibek Debroy's article on new Constitution

In his August 15 article, Bibek Debroy wrote, 'We the People have to give ourselves a new Constitution'

Opportunities for India amid global headwinds, says PM Narendra Modi

PM Modi underscored 'Nari Shakti' as a key driver of India's growth

Economy will grow over 6.8% in FY23, says CEA V Anantha Nageswaran

While on the growth outlook of the next financial year FY24, he said he is optimistic on the growth story than many of global agencies forecast

Govt notifies enhanced financial support for Central, state PPP projects

Funding under IIPDF Scheme is in addition to Viability Gap Funding Scheme notified in December 2020

Identifying works and funding key to national urban job scheme

The financial burden depends on the design of the scheme.

RBI 'correct' to use FX reserves to tackle rupee volatility: Econ adviser

The RBI is justified in using the country's foreign exchange reserves to smooth out volatility in the rupee's moves against the dollar, a member of the Economic Advisory Council said

Urban job scheme: How 6 states do it, what is needed to make it work

A council advising the Prime Minister recommends securing employment for the urban poor.

Indian economy likely to grow 7-7.5% in FY23, says EAC-PM

The council said contact intensive sectors and construction should recover in 2022-23

Macroeconomics is no longer good enough

The world today is simply too complex for economists to comprehend in real time

Domain experts rank lower than ex-finance secys as state economic advisors

While CMs have allowed former officers to explore both revenue and expenditure depts in their role as advisors, all states have limited the remit of economists to that of only expenditure

Market Ahead, April 23: All You Need To Know Before The Opening Bell

In the earnings department, a total of seven companies including Britannia, Bharti Infratel, and Hathway Cable are scheduled to announce their March quarter results today

EAC of Finance Commission deliberates on ways to improve tax collections

Talking to reporters, Finance Commission Chairman N K Singh said the Commission plans to make recommendations on Goods and Services Tax (GST), which will be for the GST Council to consider

Haryana sets up Economic Advisory Council for 5 years to promote industries

The Council will analyse and review the status of economic development and growth in the state