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.