The newly-formed economic advisory council to the Prime Minister (EAC-PM) will hold its first meeting on Wednesday after it held a brainstorming session with stakeholders on Monday. The Council will talk about all matters of developing importance, will engage with a broad spectrum of stakeholders and frame advice accordingly, a statement said.
The Council has been created with the approval of the Prime Minister on September 26 this year. Its members are NITI Aayog member, Bibek Debroy as chairman, principal adviser to NITI Aayog Ratan, P Watal as member secretary and Surjit Bhalla, Rathin Roy along with Ashima Goyal as part-time members.
As per the statement, the government has set up a unique independent institutional mechanism with the constitution of the Council. It further added that the Council is instructed to evaluate all critical issues, economic or else referred to it by the Prime Minister and advising him thereon.
It is also needed to address issues of macro-economic significance and presenting views thereon, the statement stressed.