Rangarajan to head economic advisory council

Thursday, 30 December 2004, 08:00 Hrs
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NEW DELHI: Former finance commission chairman C. Rangarajan has been appointed chairman of the Economic Advisory Council (EAC) to Prime Minister Manmohan Singh with cabinet rank.

An official statement also announced the appointment of four members of the council with the rank of ministers of state.

The EAC, apart from advising the prime minister on policy maters, will prepare for him a monthly report on economic developments at home and abroad.

"It will also monitor economic trends on a regular basis and bring to the prime minister's attention important developments at home and abroad and suggest suitable policy response," the statement said.

The members of the council are: Suresh Tendulkar, former director, Delhi School of Economics; G.K. Chaddha, vice chancellor, Jawaharlal Nehru University; Govinda Rao, director general, National Institute of Public Finance and Policy; and Saumitra Chaudhri, economic advisor, Indian Credit Rating Agency.

Source: IANS
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