Former RBI governor Bimal Jalan to head panel to select new Chief Economic Advisor

Sep 7, 2018 13:28 IST
Former RBI governor Bimal Jalan to head panel to select new Chief Economic Advisor

The Union Government has appointed former Reserve Bank of India governor Bimal Jalan as the head of the panel that has been tasked with selecting India’s next chief economic advisor (CEA).

The other members of the panel include secretary of the department of personnel and training C Chandramouli and economic affairs secretary Subhash Chandra Garg. The panel will screen the applications received and conduct interviews.

The move comes two months after the government sought applications for the post after previous CEA Arvind Subramanian resigned from office.

Key Highlights

The government has received around 20 applications but the panel will be shortlisting applications from it and then set up interviews.

The selection committee also reserves the right to invite and short-list suitable individuals from outside the list of applicants for the posts.

The process is expected to take a couple of months and the final decision can be expected by December 2018.

The decision of the selection panel under Bimal Jalan panel will then be examined by the appointments committee of the cabinet.

The Appointments Committee of Cabinet headed by Prime Minister Narendra Modi will give the final stamp of approval for the appointment of the next CEA.

Eligibility Criteria

The government in its notification seeking applications for the post had encouraged government officers, including those from public sector enterprises or the Reserve Bank of India to apply for the post.

The candidates from recognised universities and research institutions were also eligible to apply for the post.

While the maximum age limit for the position was fixed at 56 years, the last date for applying was July 20, 2018.

The minimum educational qualification required to apply for the post was a master’s degree in economics. However, a doctoral degree in finance or economics was made preferable.

For government employees seeking to apply, six years’ experience in economic research or providing economic advice was made mandatory.

Background

Former CEA Arvind Subramanian resigned from his post before his tenure ended in May 2019, citing personal reasons. He joined as a visiting professor at Harvard University post the move.

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