Economic Survey 2021 to be tabled today: All you need to know about CEA KV Subramanian
The CEA has been part of several expert committees in the past. Most famously, he has been part of the PJ Nayak Committee
The Government of India will be presenting the Economic Survey 2021 in the Parliament today (29 January), setting the stage for the Union Budget.
The Economic Survey is a detailed report on the condition of the country’s economy in the past one year and it is prepared by the Economic Division of the Department of Economic Affairs (DEA) under the guidance of the government’s Chief Economic Advisor (CEA).
Krishnamurthy Venkata Subramanian, the incumbent CEA, is going to hold a press conference at 2.30 pm on Friday. This conference will take place after finance minister Nirmala Sitharaman presents the Survey in front of a joint sitting of both the Houses of the Parliament.
With the help of the Economic Survey, citizens can understand the government’s official position and strategy to handle the economy of the country. In reality, the government is not “constitutionally bound” to table the survey or to go according to the recommendations made in it.
Here is all you need to know about KV Subramanian:
- Born on 5 May, 1971, Subramanian is an Indian economist who took up the post of CEA in December of 2018 for a period of three years.
- KV Subramanian succeeded Arvind Subramanian, who had assumed the position on 16 October, 2014.
- The present CEA is also the associate professor of finance and executive director for the Centre for Analytical Finance at the Indian School of Business (ISB), Hyderabad.
- Subramanian holds a PhD degree in Financial Economics from the Booth School of Business, University of Chicago (2005), along with an MBA in Finance from the Indian Institute of Management (IIM), Calcutta (1999).
- In his graduation, Subramanian did BTech in Electrical Engineering from the Indian Institute of Technology (IIT), Kanpur in 1994.
- He has previously worked as a consultant with JPMorgan Chase in New York.
- Subramanian was also one of the founding board members at Bandhan Bank.
- The CEA has been part of several expert committees in the past. Most famously, he has been part of the PJ Nayak Committee and the Uday Kotak Corporate Governance Committee of Securities and Exchange Board of India (SEBI).
She also added that the Congress was involving itself in absentee politics and what we required was a Congress-mukt Bharat
Nirmala Sitharaman said Prime Minister Narendra Modi was also encouraging the party workers, leaders and legislators to work for the welfare of the people
The finance minister's remarks come ahead of the launch of the budgetary announcement of CBDC which is based on the blockchain technology and billed as being similar to paper currency