ABOUT
EAC-PM
Economic Advisory Council to the Prime Minister (EAC-PM) is an independent body constituted to give advice on economic and related issues to the Government of India, specifically to the Prime Minister. At present, the composition of EAC-PM is: Dr. Bibek Debroy (Chairman), Shri Sanjeev Sanyal (Member), Shri Rakesh Mohan (Part-Time Member), Dr. Sajjid Chinoy (Part-Time Member), Dr. Neelkanth Mishra (Part-Time Member), Shri Nilesh Shah (Part-Time Member), Prof. T.T. Ram Mohan (Part-Time Member) and Dr. Poonam Gupta (Part-Time Member).
The Terms of Reference of EAC-PM include analyzing any issue, economic or otherwise, referred to it by the Prime Minister and advising him thereon, addressing issues of macroeconomic importance and presenting views thereon to the Prime Minister. These could be either suo-motu or on reference from the Prime Minister or anyone else. They also include attending to any other task as may be desired by the Prime Minister from time to time.
Team
Dr. Bibek Debroy
Chairman
Shri. Sanjeev Sanyal
Member
Dr. Shamika Ravi
Member
Shri. Rakesh Mohan
Part-Time Member
Dr. Sajjid Z. Chinoy
Part-Time Member
Dr. Neelkant Mishra
Part-Time Member
Dr. Poonam Gupta
Part-Time Member
Shri. Nilesh Shah
Part-Time Member
Reports
A Complex Adaptive System Framework to Regulate AI
The rapid development of Artificial Intelligence (AI) has raised substantial concerns about the risks associated with uncontrolled AI propagation. This has led to a growing demand for regulatory frameworks that ensure AI development and deployment are conducted safely, ethically, and transparently.
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Why Commercial Mediation Should be Voluntary
For the mediation system to be effective, it must earn its place in the dispute-resolution ecosystem by its performance and not by a mandate. Hence, Section 12A of the Commercial Courts Act, 2015, must be amended to make pre-litigation mediation for commercial cases voluntary.
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How the Pennies Drop
This paper delves into the trends of GST collections to evaluate the efficacy of the reform to generate revenue. Subsequently, an attempt is made to answer the questions – what drives revenue growth and whether the collections; collection efficiencies and buoyancy of collections are better under GST as compared to the pre-GST period. This is done by examining the GST collections while controlling for extraneous factors such as inflation.
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Exploring the Possibility of Organic and Climate Resilient Agriculture Revolution in the North East
The vision of the Hon’ble Prime Minister for the North Eastern Region of Bharat can be developed as the Organic agriculture hub of not only India but of the world, which would double up as the reservoir of knowledge and practice of ancient, climate resilient crops and seeds.
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Reforming the Legal Metrology Regime
The Legal Metrology Act, 2009 (“2009 Act”) which establishes and enforces the standard of weights, measures and labels used in the commercial sector, has long been subjected to criticism for harsh punitive measures and complexity of its labeling regulations.
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The 2023 India Cluster Panorama
This research paper delves into the concept of competitiveness and clusters, drawing inspiration from the seminal work of Michael Porter and guided by the empirical research conducted by Dr. Christian Ketels across various countries.
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