Economist Surjit S. Bhalla has resigned from his position as the part-time Member of the Economic Advisory Council to the Prime Minister. Government sources said Prime Minister Narendra Modi has accepted Bhalla’s resignation

Prime Minister's Economic Advisory Council

• Prime Minister's Economic Advisory Council (PMEAC) is a committee advising the Prime Minister on economic matters in India. It consists of one president and four members.
• The tenure of its members is equal to the tenure of the prime minister. Generally the members of the advisory committee are appointed after taking oath by the Prime Minister.
• As soon as the Prime Minister gets discharge, members of the Advisory Committee also resign.
• The Economic Advisory Council is an independent body, whose work is to advise the government, especially to the Prime Minister on economic issues.
• This advice can be on any side or on any subject entrusted by the Prime Minister.