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Home Economy

Chief Economic Advisor

February 1, 2022
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In news– The Union government has appointed Venkatraman Anantha Nageswaran as its Chief Economic Advisor (CEA).

About Chief Economic Advisor (CEA)-

  • CEA is a post in the Government of India and is equivalent to the rank of Secretary to the Government of India.
  • The CEA is the ex-officio cadre controlling authority of the Indian Economic Service. 
  • The CEA is head of the Economic Division of the Department of Economic Affairs, Ministry of Finance, Government of India.
  • Until 2009, the CEA’s position was a Union Public Service Commission appointment and until the 1970s almost all CEAs were members of the Indian Economic Service.
  • The extent to which the Government takes into account the advice of the Chief Economic Adviser has generally been considered to be open-ended.

About Venkatraman Anantha Nageswaran-

  • He  is a distinguished economist involved primarily in the field of academia.
  • He graduated with a post-graduate diploma in Management (MBA) from the Indian Institute of Management (IIM), Ahmedabad in 1985. 
  • He later obtained a doctoral degree from the University of Massachusetts Amherst in 1994 for his work on the empirical behavior of exchange rates.
  • He also worked as a part-time member of the Prime Minister’s economic advisory council between 2019 and 2021. 
  • He has also co-authored multiple books, including ‘The Economics of Derivatives’ and ‘The Rise of Finance: Causes, Consequences and Cures’.

 

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Source: India Today
Tags: NewspaperPrelims

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