The report releaed by the Economic Advisory Council to the Prime Minister (EAC-PM)
- May 21, 2022
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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The report releaed by the Economic Advisory Council to the Prime Minister (EAC-PM)
Context : ‘The State of Inequality in India’ was released by EAC-PM’s Chairperson
Concept :
- The government has reconstituted the Economic Advisory Council to the Prime Minister for a period of two years after its term came to an end last month.
- Bibek Debroy continues to be the Chairman of the EAC-PM.
- Economic Advisory Council to the Prime Minister (PMEAC)[1] is a non-constitutional, non-permanent and independent body constituted to give economic advice to the Government of India, specifically the Prime Minister.
- The council serves to highlight key economic issues facing the country to the government of India from a neutral viewpoint.
- It advises the Prime Minister on economic issues like inflation, microfinance, and industrial output.
- It publishes reports on the annual Economic Outlook and Review of the Economy of India.
- There is no fixed definition on the exact number of members and staff of the PMEAC.
- For administrative, logistic, planning and budgeting purposes, the NITI Aayog serves as the Nodal Agency for the PMEAC.