India likely to appoint new CEA within two months

NEW DELHI: The government of India is likely to appoint a new chief economic advisor (CEA) in the next one or two months, according to sources.nnA search committee appointed by the finance ministry is expected to finalise the list of suitable candidates soon and the appointment is likely within two months.nnOn 30th June, the government invited applications for the appointment of CEA on deputation basis after Arvind Subramanian quit the office ahead of completion of his term. The finance ministry appointed a search committee headed by former Reserve Bank of India governor Bimal Jalan to shortlist candidates for the post. Economic affairs secretary Subhash C Garg and B P Sharma, secretary, department of personnel training, are also members of the selection panel.nnSubramanian was appointed as CEA on 16th October, 2014, for a three-year term and was given an extension last year. His official contract was till May 2019.nnSubramanian is currently visiting lecturer of public policy at Harvard University?s Kennedy School of Government and a senior fellow at the Peterson Institute for International Economics.nnSource: Press Trust of India