Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Charlie Kirk shot dead
  • Nepal protests
  • Russia-Poland tension
  • Israeli strikes in Qatar
  • Larry Ellison
  • Apple event
  • Sunjay Kapur inheritance row
fp-logo
Economist Surjit Bhalla resigns from PM Narendra Modi's Economic Advisory Council
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit

Economist Surjit Bhalla resigns from PM Narendra Modi's Economic Advisory Council

FP Staff • December 11, 2018, 10:39:06 IST
Whatsapp Facebook Twitter

News about Surjit Bhalla’s resignation comes a day after the Reserve Bank of India’s governor Urjit Patel quit abruptly after a months-long tussle over policy with the government.

Advertisement
Subscribe Join Us
Choose
Firstpost on Google
Choose
Firstpost on Google
Economist Surjit Bhalla resigns from PM Narendra Modi's Economic Advisory Council

New Delhi: Indian economist Surjit Bhalla resigned from Prime Minister Narendra Modi’s economic advisory council  effective 1 December, a spokesman in Modi’s office said on Tuesday. Bhalla said that he had resigned as part-time member of the economic advisory council to the Prime Minister (EAC-PM) on 1 December. “I resigned as part-time member of PMEAC on December 1,” Bhalla said on social networking site Twitter.

Economist Surjit Bhalla on Tuesday announced that he resigned as a part-time member of EAC-PM (Economic Advisory Council to the Prime Minister) earlier this month.

Read @ANI Story| https://t.co/LRXEwsRSPh pic.twitter.com/W6bxI3bb2r

— ANI Digital (@ani_digital) December 11, 2018

The EAC-PM is headed by Niti Aayog member Bibek Debroy. Economists Rathin Roy, Ashima Goyal and Shamika Ravi are other part-time members. News about Bhalla’s resignation comes a day after the Reserve Bank of India’s governor Urjit Patel quit abruptly after a months-long tussle over policy with the government. [caption id=“attachment_4154349” align=“alignleft” width=“380”]File image of economist Surjit Bhalla. Reuters File image of economist Surjit Bhalla. Reuters[/caption] Modi formed the council late in 2017 to address issues of macroeconomic importance. The spokesman said Bhalla planned to join another organisation. Bhalla was not available for comment. Bhalla had in October this year said that the four years of the Modi government were the ‘best years’ of the Indian economy and favoured more key reforms needed to be undertaken. Bhalla also said although the macroeconomic parameters have shown good performance in the last four years, there are concerns about bad loans, and part of the problem can be attributed to the RBI Monetary Policy Committee’s (MPC) decision to keep interest rates high. “If you look at any macro parameters then these (Modi government’s four years) are the best four years of the Indian economy…so without a doubt, the macro performance is better, that is not to say everything is working or everything is fine,” he told PTI in an interview. “We have the NPA crisis that by all account is a lot worse now as a share of GDP or as a share of loans. And there are reasons why that is grown up and I think in my opinion the tight monetary policy that has been followed by the MPC is in some part to blame for the fact that the NPAs have risen,” Bhalla added. The Narendra Modi-led NDA government came to power in May 2014. Asked what more reforms can be undertaken by the Modi government, the eminent economist said the government should consider income transfer instead of higher minimum support price (MSP) and loan waivers. — With inputs from agencies

Tags
NewsTracker Surjit Bhalla Bibek Debroy Prime Minister Narendra Modi Niti Aayog Drawing Prime Minister Narendra Modi
  • Home
  • Business
  • Economist Surjit Bhalla resigns from PM Narendra Modi's Economic Advisory Council
End of Article
Latest News
Find us on YouTube
Subscribe
  • Home
  • Business
  • Economist Surjit Bhalla resigns from PM Narendra Modi's Economic Advisory Council
End of Article

Impact Shorts

Chennai Ranks #1 in Challan Checks: ACKO Insights for Smarter Car and Two Wheeler Insurance Decisions

Chennai Ranks #1 in Challan Checks: ACKO Insights for Smarter Car and Two Wheeler Insurance Decisions

Chennai leads India in challan checks, with drivers checking their e-challans over 5 times a month on average. Helmet non-compliance is the most broken rule, accounting for 34.8% of all traffic offences in Chennai. Regular digital challan checks help drivers avoid hefty fines, promote safe driving, and improve insurance premiums.

More Impact Shorts

Top Stories

US ready to ‘impose costs’ on Russia if war in Ukraine drags on, says Hegseth

US ready to ‘impose costs’ on Russia if war in Ukraine drags on, says Hegseth

US tells Hamas to stop violence against Gaza civilians and disarm 'without delay'

US tells Hamas to stop violence against Gaza civilians and disarm 'without delay'

China seizes 60,000 maps mislabelling Taiwan, omitting South China Sea islands

China seizes 60,000 maps mislabelling Taiwan, omitting South China Sea islands

Syria’s Sharaa pledges to honor Russia ties, seeks economic and military support in Kremlin visit

Syria’s Sharaa pledges to honor Russia ties, seeks economic and military support in Kremlin visit

US ready to ‘impose costs’ on Russia if war in Ukraine drags on, says Hegseth

US ready to ‘impose costs’ on Russia if war in Ukraine drags on, says Hegseth

US tells Hamas to stop violence against Gaza civilians and disarm 'without delay'

US tells Hamas to stop violence against Gaza civilians and disarm 'without delay'

China seizes 60,000 maps mislabelling Taiwan, omitting South China Sea islands

China seizes 60,000 maps mislabelling Taiwan, omitting South China Sea islands

Syria’s Sharaa pledges to honor Russia ties, seeks economic and military support in Kremlin visit

Syria’s Sharaa pledges to honor Russia ties, seeks economic and military support in Kremlin visit

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Enjoying the news?

Get the latest stories delivered straight to your inbox.

Subscribe
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV