Eminent economist and columnist Surjit Bhalla have resigned as a part-time member of Economic Advisory Council to the Prime Minister(EAC-PM). His resignation comes a day after Reserve Bank of India (RBI) governor Urjit Patel, quit abruptly after a months-long tussle over policy with a government.
Submit periodic reports to PM related to macroeconomic developments and issues which will have implications of the economic policy. Analyse any topics, issues assigned by the PM and provide advice to them. Analyse macroeconomic issues having high importance and present the views to PM and any other task which is assigned by Prime Minister.
PMEAC is a non-constitutional and non-statutory, non-permanent and independent body, constituted with the prime and sole aim to analyse all critical issues, economic or otherwise, referred to it by the prime minister and advising him thereon. It is mandated to give advice to the prime minister on economic matters such as inflation, GDP changes, export-import changes, creating a supportive environment for increased trade and commerce.