FinMin says CEA Arvind Subramanian not resigning; extension may be in works

Subramanian may get an extension once his three-year term as CEA expires in October

The finance ministry on Thursday dismissed speculation on the resignation of Chief Economic Advisor (CEA) Arvind Subramanian. "CEA will continue. Reports regarding resignation are not correct," the finance ministry said, as reported earlier.

Sources said Subramanian might be given an extension. However, this couldn’t be independently verified.

Subramanian, who is on leave from the US-based Peterson Institute for International Economics, was appointed as CEA in October of 2014, for a term of three years.