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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

Economic Performance of Parliamentary Constituencies UPA (2) versus NDA (Modi Years)

In a vibrant democracy, assessing the economic performance under different political regimes is crucial. Typically, the debate is limited to comparing growth rates or poverty reduction at the macro level. However, for a more meaningful analysis of politics in action,

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A Complex Adaptive System Framework to Regulate Artificial Intelligence

The field of Artificial Intelligence (AI) has been making significant strides, with advancements in computer vision, language processing, robotics, and many other emergent areas. This rapid development, however, has raised substantial concerns about the risks associated with uncontrolled AI propagation.

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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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