Eminent economist and columnist Surjit Bhalla on Tuesday said that he had resigned as part-time member of Economic Advisory Council to the Prime Minister(EAC-PM) on December 1.
Eminent economist and columnist Surjit Bhalla on Tuesday said that he had resigned as part-time member of Economic Advisory Council to the Prime Minister(EAC-PM) on December 1.
"I resigned as part-time member of PMEAC on December 1," Bhalla said on social networking site Twitter.
The EAC- PM is headed by Niti Aayog member Bibek Debroy. Economists Rathin Roy, Ashima Goyal and Shamika Ravi are other part-time members.
On Monday, RBI governor Urjit Patel, stepped down as RBI governor citing personal reasons.
In a pithy letter, put on RBI's website, he wrote: “On account of personal reasons, I have decided to step down from my current position effective immediately. It has been my privilege and honour to serve in the Reserve Bank of India in various capacities over the years. The support and hard work of RBI staff, officers and management has been the proximate driver of the Bank’s considerable accomplishments in recent years. I take this opportunity to express gratitude to my colleagues and Directors of the RBI Central Board, and wish them all the best for the future.”
FM Jaitley tweeted: “I wish Dr. Patel all the very best and many more years of public service. The Government acknowledges with deep sense of appreciation the services rendered by Dr. Urjit Patel to this country both in his capacity as the Governor and the Deputy Governor of The RBI. It was a pleasure for me to deal with him and benefit from his scholarship.”
At his last presser as RBI Governor on Wednesday, Patel eschewed all questions about friction with the Centre, including the invocation of the never-before-used Section 7 or the proposed economic capital framework for the central bank.
Speaking at the customary post-policy presser rpt presser after the fifth bi-monthly policy review, wherein the policy rates were left unchanged, Patel parried three questions on these issues.
"I would avoid those questions because we are here discussing the monetary policy resolution," the Governor said.
Another questions seeking his views on deputy governor Viral Acharya's public posturing on RBI autonomy and on the economic capital management framework were also met with similar replies.
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 "Eminent economist Surjit Bhalla resigns from PM Narendra Modi's economic advisory council")
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