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New Delhi, December 7
The government on Friday appointed ISB Hyderabad professor Krishnamurthy Subramanian as Chief Economic Adviser for a period of three years.
The post of CEA had been lying vacant since Arvind Subramanaian left the Finance Ministry after a four-year stint in July this year.
“The Appointments Committee of the Cabinet (ACC) has approved for the appointment of Dr Krishnamurthy Subramanian, Associate Prof. and ED (CAF), ISB, Hyderabad, to the post of Chief Economic Adviser," said a government notification. His appointment will be for a period of three years, it said.
An IIT-IIM alumnus, Subramanian holds PhD (Financial Economics) from Booth School of Business, University of Chicago, US.
The key responsibilities of the CEA include providing policy inputs on industrial development and foreign trade, conducting analysis of trends in industrial production and releasing statistical information on key economic indicators. It could not be ascertained immediately when the new CEA would assume office.
Besides, he was a member of Sebi's standing committees on Alternative Investment Policy, Primary Markets, Secondary Markets and Research. He is also on the boards of Bandhan Bank, the National Institute of Bank Management and the RBI Academy.
Before beginning his academic career, the website said Subramanian worked as a consultant with JPMorgan Chase in New York.
He obtained his MBA and PhD in Financial Economics at the University of Chicago Booth School of Business under the advice of Professor Luigi Zingales and Professor Raghuram Rajan (former CEA and RBI governor).
The appointment of an ISB faculty member to a very important office in the Government of India "is very prestigious and something we all should be proud of", ISB dean Rajendra Srivastava said. — PTI
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