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Krishnamurthy Subramanian appointed as new Chief Economic Advisor

ANI  |  New Delhi [India] 

The of the Cabinet (ACC) on Friday approved the appointment of Dr. as the new (CEA) for a term of three years.

"The of the Cabinet (ACC) has approved the proposal for the appointment of Dr. Krishnamurthy Subramanian, Associate Prof. & ED (CAF), ISB, to the post of (CEA) in Level 17 of the Pay Matrix as per the r CPC (Rs.2,25,000/- fixed), on contract basis, for a period of 03 years w.e.f. the date of his assumption of charge of the post, or until further orders, whichever is earlier," a statement read.

This comes nearly six months after former CEA stepped down from the post at the end of his term owing to "pressing family commitments", Minister had confirmed in a post. While Arvind's term was originally slated to be over in October 2017, he was given a year's extension by the

Krishnamurthy currently serves as an associate professor of and as the of the at the

A holder of a PhD from the Chicago Booth School of Business, Krishnamurthy has previously served in committees such as the on Corporate Governance in the Securities and Exchange Board of (SEBI) and Governance of Banks for the Reserve Bank of (RBI).

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 07 2018. 17:35 IST