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The Prime Minister, Dr. Manmohan Singh, has appointed Dr.C. Rangarajan as Chairman, Economic Advisory Council (EAC) to the Prime Minister, with Cabinet rank. He was former Chairman, 12th Finance Commission.
The Members of the Council will be Dr. Suresh Tendulkar, former Director, Delhi School of Economics; Dr. G.K. Chaddha, Vice-Chancellor, Jawaharlal Nehru University; Dr. Govinda Rao, Director-General, National Institute of Public Finance and Policy; and Dr. Saumitra Chaudhuri, Economic Advisor, Indian Credit Rating Agency (ICRA). The Members of the Council will have the rank of Minister of State.
Apart from advising on policy matters referred to the Council by the Prime Minister from time to time, the EAC will prepare a monthly report on economic developments at home and abroad for the Prime Minister. 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.
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