Bhalla resigned from his post on December 1 and a senior official in the Prime Minister's Office said his resignation would take effect from the same date.
The eminent economist and columnist tweeted that he resigned from the Bibek Debroy-led EAC-PM on December 1.
Stating that there is a thriving private airlines business in the country, she questioned the government's intention of reviving national carrier Air India.
Despite farmers group and union asking to raise procurement price, sources from Niti Aayog, has advised the centre against increasing MSP by 50 per cent.
The Prime Minister’s move to set up his economic advisory council after three and a half years of coming to power was a step too little and too late as the economy was already in a downward spiral.
The Asian Development Bank too lowered India's current fiscal growth to 7 per cent from 7.4 per cent, while RBI cut economic growth forecast to 6.7 per cent from earlier projection of 7.3 per cent.
The Council, which met for the first time today, has identified ten themes, including economic growth and job creations, that need attention.