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), Dr. Shamika Ravi (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
Share of Religious Minorities A Cross-Country Analysis
The global economy is in a phase of churn and being closely watched and analyzed by economists and policymakers everywhere. There are, however, major demographic transitions that are also underway across countries - but mostly going unnoticed by analysts ranging from economy watchers to democracy-watchers. These silent transformations have the power to reshape societies and states. Ironically, of the four megatrends whose cascading effects are bringing about these transformations - demography, technology, economy and climate change3- the forecasts for demography are the most predictable. Shifting demographic trends are aggravating economic disparity within and between countries, straining governance and fuelling friction between states and people.
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Igniting the Bright Spark Through the Looking Glass on Electric Mobility in India
Compulsions of climate change commitments, caprices in oil prices coupled with a rapid acceleration of battery technologies have together led to a sharp increase in electric mobility worldwide. In the Indian context, a slew of measures – on the demand side as well as on the supply side have been announced from time to time. However, the results have been mixed.
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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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