{"id":34018,"date":"2025-06-08T12:32:23","date_gmt":"2025-06-08T07:02:23","guid":{"rendered":"https:\/\/edunovations.com\/currentaffairs\/?p=34018"},"modified":"2025-06-08T12:32:27","modified_gmt":"2025-06-08T07:02:27","slug":"chairman-of-economic-advisory-council-s-mahendra-dev-appointed-in-2025-bringing-extensive-expertise-to-advise-the-prime-minister-on-indias-economic-policies","status":"publish","type":"post","link":"https:\/\/edunovations.com\/currentaffairs\/appointments\/chairman-of-economic-advisory-council-s-mahendra-dev-appointed-in-2025-bringing-extensive-expertise-to-advise-the-prime-minister-on-indias-economic-policies\/","title":{"rendered":"Chairman of Economic Advisory Council: S Mahendra Dev Appointed as EAC-PM Chairman in 2025"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edunovations.com\/currentaffairs\/appointments\/chairman-of-economic-advisory-council-s-mahendra-dev-appointed-in-2025-bringing-extensive-expertise-to-advise-the-prime-minister-on-indias-economic-policies\/#S_Mahendra_Dev_Appointed_Chairman_of_PMs_Economic_Advisory_Council\" >S. Mahendra Dev Appointed Chairman of PM\u2019s Economic Advisory Council<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edunovations.com\/currentaffairs\/appointments\/chairman-of-economic-advisory-council-s-mahendra-dev-appointed-in-2025-bringing-extensive-expertise-to-advise-the-prime-minister-on-indias-economic-policies\/#Resignation_from_Axis_Bank\" >Resignation from Axis Bank<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edunovations.com\/currentaffairs\/appointments\/chairman-of-economic-advisory-council-s-mahendra-dev-appointed-in-2025-bringing-extensive-expertise-to-advise-the-prime-minister-on-indias-economic-policies\/#Background_and_Expertise\" >Background and Expertise<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edunovations.com\/currentaffairs\/appointments\/chairman-of-economic-advisory-council-s-mahendra-dev-appointed-in-2025-bringing-extensive-expertise-to-advise-the-prime-minister-on-indias-economic-policies\/#Reconstitution_of_EAC-PM\" >Reconstitution of EAC-PM<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edunovations.com\/currentaffairs\/appointments\/chairman-of-economic-advisory-council-s-mahendra-dev-appointed-in-2025-bringing-extensive-expertise-to-advise-the-prime-minister-on-indias-economic-policies\/#Why_This_News_is_Important\" >Why This News is Important<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edunovations.com\/currentaffairs\/appointments\/chairman-of-economic-advisory-council-s-mahendra-dev-appointed-in-2025-bringing-extensive-expertise-to-advise-the-prime-minister-on-indias-economic-policies\/#Impact_on_Economic_Policymaking\" >Impact on Economic Policymaking<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edunovations.com\/currentaffairs\/appointments\/chairman-of-economic-advisory-council-s-mahendra-dev-appointed-in-2025-bringing-extensive-expertise-to-advise-the-prime-minister-on-indias-economic-policies\/#Significance_for_Government_Exams\" >Significance for Government Exams<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edunovations.com\/currentaffairs\/appointments\/chairman-of-economic-advisory-council-s-mahendra-dev-appointed-in-2025-bringing-extensive-expertise-to-advise-the-prime-minister-on-indias-economic-policies\/#Historical_Context\" >Historical Context<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/edunovations.com\/currentaffairs\/appointments\/chairman-of-economic-advisory-council-s-mahendra-dev-appointed-in-2025-bringing-extensive-expertise-to-advise-the-prime-minister-on-indias-economic-policies\/#Formation_of_EAC-PM\" >Formation of EAC-PM<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/edunovations.com\/currentaffairs\/appointments\/chairman-of-economic-advisory-council-s-mahendra-dev-appointed-in-2025-bringing-extensive-expertise-to-advise-the-prime-minister-on-indias-economic-policies\/#Previous_Chairpersons\" >Previous Chairpersons<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/edunovations.com\/currentaffairs\/appointments\/chairman-of-economic-advisory-council-s-mahendra-dev-appointed-in-2025-bringing-extensive-expertise-to-advise-the-prime-minister-on-indias-economic-policies\/#Key_Takeaways_from_%E2%80%9CS_Mahendra_Dev_Appointed_Chairman_of_PMs_Economic_Advisory_Council%E2%80%9D\" >Key Takeaways from \u201cS. Mahendra Dev Appointed Chairman of PM\u2019s Economic Advisory Council\u201d<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/edunovations.com\/currentaffairs\/appointments\/chairman-of-economic-advisory-council-s-mahendra-dev-appointed-in-2025-bringing-extensive-expertise-to-advise-the-prime-minister-on-indias-economic-policies\/#FAQs_Frequently_Asked_Questions\" >FAQs: Frequently Asked Questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/edunovations.com\/currentaffairs\/appointments\/chairman-of-economic-advisory-council-s-mahendra-dev-appointed-in-2025-bringing-extensive-expertise-to-advise-the-prime-minister-on-indias-economic-policies\/#Some_Important_Current_Affairs_Links\" >Some Important Current Affairs Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"S_Mahendra_Dev_Appointed_Chairman_of_PMs_Economic_Advisory_Council\"><\/span><strong>S. Mahendra Dev Appointed Chairman of PM\u2019s Economic Advisory Council<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Eminent economist S. Mahendra Dev has been appointed as the new Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), effective June 5, 2025. This appointment marks a significant development in India&#8217;s economic policymaking landscape, as the EAC-PM had been without a full-time chairman since November 2024, following the demise of its first chairman, Bibek Debroy. NITI Aayog Vice Chairman Suman Bery had been holding the additional charge in the interim. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Resignation_from_Axis_Bank\"><\/span><strong>Resignation from Axis Bank<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Upon his appointment, Prof. Dev resigned from his position as an independent director on the board of Axis Bank, citing the full-time nature of his new role. In a letter to the bank&#8217;s board, he expressed his commitment to the responsibilities entrusted to him by the Prime Minister. Axis Bank acknowledged his contributions and expressed deep appreciation for his guidance during his tenure. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Background_and_Expertise\"><\/span><strong>Background and Expertise<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Prof. S. Mahendra Dev is a distinguished development economist with extensive experience in academia and public policy. He holds a Ph.D. in economics from the Delhi School of Economics and has conducted post-doctoral research at Yale University. He has served as the Director and Vice Chancellor of the Indira Gandhi Institute of Development Research (IGIDR), Mumbai, and has been involved in various government committees related to rural development, agriculture, and poverty alleviation. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reconstitution_of_EAC-PM\"><\/span><strong>Reconstitution of EAC-PM<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Alongside Prof. Dev&#8217;s appointment, the EAC-PM has been reconstituted with new part-time members, including Soumya Kanti Ghosh, the Group Chief Economic Advisor at the State Bank of India. This restructuring aims to bring in fresh perspectives and expertise to address the evolving economic challenges facing the country. <\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\" id=\"Chairman-of-Economic-Advisory-Council\"><img decoding=\"async\" src=\"data:image\/jpeg;base64,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\" alt=\"Chairman of Economic Advisory Council\" style=\"width:508px;height:auto\" title=\"Chairman of Economic Advisory Council\"\/><figcaption class=\"wp-element-caption\">Chairman of Economic Advisory Council<\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_This_News_is_Important\"><\/span><strong>Why This News is Important<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Impact_on_Economic_Policymaking\"><\/span><strong>Impact on Economic Policymaking<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The appointment of Prof. S. Mahendra Dev as the Chairman of the EAC-PM is a strategic move by the government to enhance the quality of economic policymaking. His extensive experience in development economics and public policy is expected to provide valuable insights into addressing key economic issues such as inflation, unemployment, and inclusive growth. The reconstitution of the EAC-PM with new members further strengthens its capacity to offer comprehensive and forward-looking economic advice to the Prime Minister.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Significance_for_Government_Exams\"><\/span><strong>Significance for Government Exams<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">For students preparing for government exams, particularly those related to economics and public policy, this development is noteworthy. Understanding the roles and functions of advisory bodies like the EAC-PM is crucial for subjects such as General Studies and Economic Development. Familiarity with the profiles of key appointees and the structure of such councils can provide an edge in both objective and descriptive portions of competitive exams.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Historical_Context\"><\/span><strong>Historical Context<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Formation_of_EAC-PM\"><\/span><strong>Formation of EAC-PM<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The Economic Advisory Council to the Prime Minister (EAC-PM) was constituted to provide the Prime Minister with objective advice on economic and related issues. It serves as an independent body that highlights key economic issues facing the country and advises the government on policy matters. Over the years, the council has played a pivotal role in shaping India&#8217;s economic policies and strategies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Previous_Chairpersons\"><\/span><strong>Previous Chairpersons<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The EAC-PM has seen several distinguished economists at its helm. Notably, Dr. C. Rangarajan and Dr. Suman Bery have served as chairpersons, contributing significantly to the council&#8217;s work. The recent appointment of Prof. S. Mahendra Dev continues this legacy of bringing in experienced economists to guide the country&#8217;s economic direction.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Takeaways_from_%E2%80%9CS_Mahendra_Dev_Appointed_Chairman_of_PMs_Economic_Advisory_Council%E2%80%9D\"><\/span><strong>Key Takeaways from \u201cS. Mahendra Dev Appointed Chairman of PM\u2019s Economic Advisory Council\u201d<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th><strong>S.No.<\/strong><\/th><th><strong>Key Takeaway<\/strong><\/th><\/tr><\/thead><tbody><tr><td>1<\/td><td><strong>New Chairman Appointed<\/strong>: Prof. S. Mahendra Dev has been appointed as the Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM) in June 2025.<\/td><\/tr><tr><td>2<\/td><td><strong>Resignation from Axis Bank<\/strong>: Prof. Dev resigned from his position as an independent director at Axis Bank to assume the full-time role at EAC-PM.<\/td><\/tr><tr><td>3<\/td><td><strong>Academic Background<\/strong>: He holds a Ph.D. in economics from the Delhi School of Economics and has conducted post-doctoral research at Yale University.<\/td><\/tr><tr><td>4<\/td><td><strong>Reconstitution of EAC-PM<\/strong>: The council has been reconstituted with new part-time members, including Soumya Kanti Ghosh from SBI.<\/td><\/tr><tr><td>5<\/td><td><strong>Significance for Exams<\/strong>: Understanding the structure and functions of the EAC-PM is essential for students preparing for government exams related to economics.<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Chairman of Economic Advisory Council<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs_Frequently_Asked_Questions\"><\/span>FAQs: Frequently Asked Questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>1. Who has been appointed as the new Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM)?<\/strong><br>Prof. S. Mahendra Dev has been appointed as the new Chairman of the EAC-PM.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>2. When did S. Mahendra Dev assume office as Chairman of the EAC-PM?<\/strong><br>He assumed office on June 5, 2025.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>3. What was S. Mahendra Dev\u2019s position before being appointed as EAC-PM Chairman?<\/strong><br>He was an independent director on the board of Axis Bank.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>4. What is the main role of the Economic Advisory Council to the Prime Minister (EAC-PM)?<\/strong><br>The EAC-PM provides objective economic advice and policy recommendations to the Prime Minister of India.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>5. Who are some of the new part-time members appointed alongside S. Mahendra Dev?<\/strong><br>Soumya Kanti Ghosh, Group Chief Economic Advisor at the State Bank of India, is one of the new part-time members.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>6. Why did S. Mahendra Dev resign from Axis Bank?<\/strong><br>He resigned to take up the full-time role as Chairman of the EAC-PM.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>7. What is the academic background of S. Mahendra Dev?<\/strong><br>He holds a Ph.D. in economics from the Delhi School of Economics and has done post-doctoral research at Yale University.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Some_Important_Current_Affairs_Links\"><\/span>Some Important Current Affairs Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/national\/\" target=\"_blank\" rel=\"noreferrer noopener\">State Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--2\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/sports\/\" target=\"_blank\" rel=\"noreferrer noopener\">Sports Current 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Mahendra Dev Appointed Chairman of PM\u2019s Economic Advisory Council Eminent economist S. Mahendra Dev has been appointed as the new Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), effective June 5, 2025. This appointment marks a significant development in India&#8217;s economic policymaking landscape, as the EAC-PM had been without a full-time&#8230;<\/p>\n","protected":false},"author":6,"featured_media":34045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[132,10],"tags":[23127,23126,16470,23125,17157,23128,23124],"class_list":["post-34018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-appointments","category-national","tag-axis-bank-resignation","tag-eac-pm-chairman","tag-economic-advisory-council","tag-government-economic-advisory","tag-india-economic-policy","tag-indian-economists","tag-s-mahendra-dev"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/34018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/comments?post=34018"}],"version-history":[{"count":2,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/34018\/revisions"}],"predecessor-version":[{"id":34046,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/34018\/revisions\/34046"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media\/34045"}],"wp:attachment":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media?parent=34018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/categories?post=34018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/tags?post=34018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}