 "PMEAC Chairman Rangarajan likely to resign tomorrow")
"I will meet the Prime Minister on Monday. I need to talk to him once then only (I will resign)," Rangarajan told PTI over the phone.
The present Prime Minister's Economic Advisory Council headed by Rangarajan, has Saumitra Chaudhuri, V S Vyas, Pulin B Nayak and Dilip M Nachane as its members. Chaudhuri is also one of the members of the Planning Commission.
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All the PMEAC members are likely to submit their resignations shortly as their term in co-terminus with that of the Prime Minister.
Rangarajan has been the Chairman of PMEAC since 2005. He is a well known economist and a former Member of Parliament. He has also served at the Reserve Bank as its governor from 1992-97.
PMEAC has the main task of inculcating awareness in the government on different point of views on key economic issues.
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