Home Economy and Finance Surjit Bhalla resigns from the part-time membership of the PM's Economic Advisory Council

Surjit Bhalla resigns from the part-time membership of the PM’s Economic Advisory Council

RBI Governor Urjit Patel had resigned from his post yesterday citing personal reasons.

Prominent economist Surjit Bhalla has announced that he has resigned from the part-time membership of the Economic Advisory Council of the Prime Minister. Bhalla took to Twitter to announce that he has submitted his resignation on December 1.

Bhalla, a noted economist and columnist, was a part-time member of the PM’s EAC lead by Bibek Debroy, a NITI Ayog member. Noted economists of the country, Rathin Roy, Ashima Goyal and Shamika Ravi are the other part-time members in the EAC. Bhalla’s resignation has reportedly been accepted by PM Modi.

The news of Bhalla’s resignation has come at the wake of RBI governor Urjit Patel quitting from his post. Patel had resigned from his post with immediate effect yesterday citing personal reasons.

- Ad - - article resumes -

Patel’s term was due to end in September 2019. His resignation has come days ahead of the RBI board meeting on 14 December.

The EAC is a think-tank like body that advises the PM of India n crucial economic issues. It is a non-constitutional, non-permanent body. EACs have been constituted several times in independent India.

The present EAC was constituted by PM Narendra Modi on September 25, 2017, and has Bibek Debroy as its chairman. Its term runs parallel to the PM’s term and the previous EAC had resigned with former PM Manmohan Singh on May 17, 2014.

Help Opindia Reach Every Indian. Share This Post
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.


Big Story

India has successfully launched its second mission to the moon, the Chandrayaan-2.

2019 World Cup Is Here!

Catch the latest on Cricket World Cup as it unfolds, special coverage by Opindia

Proud to be a brand - Made in India?
Now, Advertise on Opindia

Sushma Swaraj shuts down trolls

Former EAM Sushma Swaraj shuts down a troll, Irfan Khan, who wishes death upon her

Sushma Swaraj was condoling death of former Delhi BJP President when troll insinuated that she too will die soon.

Hey, New York Times, F**k you, again

India successfully tested anti-satellite missile today, springing it into the elite space club.

Is there a concerted attempt to sow doubts against PM Modi among his most loyal base?

By now, everyone of us who is out there on social media is aware of this strange new phenomenon.
Andrea sobs while pleading that her husband is innocent

Abusive actor Ajaz Khan who was arrested for inciting communal tension was ‘framed’, claims his wife, says he did nothing wrong

Khan was arrested by Mumbai Police on Wednesday last week for posting objectionable videos amounting to communal incitement on Tiktok and other social media websites
Exclusive interview with BLF chief Dr Allah Nazar Baloch with OpIndia

Pakistan plundering Balochistan, we appeal PM Modi to support freedom struggle: Dr Allah Nazar Baloch of BLF speaks exclusively to OpIndia

Away from the glare of the world that often talks tall on Human Rights and the rights of the indigenous people, Balochistan bleeds at the hands of Pakistan. OpIndia interviews founder and chief of Balochistan Liberation Front, Dr Allah Nazar Baloch
Islamic extremism

Two youths, Shekhar and Basant forced to chant religious slogans by a mob that showed them Tabrez Ansari’s video, stabbed when refused

As Shekhar and Basant refused to raise religious slogans, the angry men reportedly stabbed them with knives.

Live updates Karnataka Trust Vote: Uncertainty looms as Congress’ DK Shivakumar insists rebels must return by 11 AM tomorrow, trust vote unlikely tonight

JDS-Congress government of Karnataka is facing their second floor test after assembly elections were held in May last year.

Watch: Videos from moments before the horrific Sonbhadra massacre

The videos seem to have been taken by a local villager who perhaps had no inkling that he/she was about to record brutal killings of ten people.

Mangalore: Mohammad Ansari rapes a cow by tying its limbs, villagers catch him in the act, arrested

The villagers also made Ansari touch cow’s feet and ask for forgiveness for raping her. However, when Ansari approached the calf, the animal freaked out and started running.

Class nine student beaten by senior students for protesting ‘Allah Hu Akbar’ during National Anthem singing in school

When a Hindu student protested allah hu akbar chants during national anthem in school, he was badly thrashed by Muslim students
Subscribe to Day's Top Stories
- Advertisment -

Latest articles

Connect with us

173,761FansLike
160,262FollowersFollow
74,909SubscribersSubscribe
Help Opindia Reach Every Indian. Share This Post