- Tag results for Economic_advisory_council
EAC formulates course correction to incentivise states for achieving health, education, social inclusion outcomes
The Council is also evolving the design of a new Economy Tracking Monitor, linking economic growth indicators with social indicators for last mile connectivity.
The council is also evolving the design of a new economy tracking monitor, linking economic growth indicators with social indicators.
Dr Shamika Ravi, a Senior Fellow of Governance Studies Program at Brookings India and Brookings Institution Washington D.C. is attending the second meeting of the Economic Advisory Council.
NITI Aayog member Bibek Debroy admits that demonetisation was a temporary shock on growth but asserts that the economy has now climbed back.
Prime Minister Narendra Modi's government has already used up nearly all of its budget for the current fiscal year and tax revenues.
The Bibek Debroy-led panel decided to focus on economic growth, job creation, informal sector and integration, fiscal framework, monetary policy, public expenditure among others.
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.
Terms of reference of the EAC would be to "analyse any issue, economic or otherwise, referred to it by the prime minister and advising him thereon, a statement said.