Daily Current Affairs 2021 Tamil Nadu To Set Up Five-Member Economic Advisory Council | Daily Current Affairs 2021

Tamil Nadu To Set Up Five-Member Economic Advisory Council

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Economic Advisory Council

The Tamil Nadu government has decided to constitute an “Economic Advisory Council” to the Chief Minister to chart out a rapid and inclusive economic growth path for the State.

This was recently announced by Tamil Nadu Governor Banwarilal Purohit in his ceremonial address during the first session of the 16th state legislative assembly in Chennai.

Key Details:

  • The advisory council will comprise of leading economic experts from across the world as its members.
  • The Economic Advisory Council includes the following-
  • Nobel laureate Esther Duflo of the Massachusetts Institute of Technology (MIT)
  • Former Reserve Bank Governor Raghuram Rajan
  • Former Chief Economic Advisor to the Centre, Aravind Subramanian
  • Development Economist Jean Dreze
  • Former Union Finance Secretary S. Narayan.

Purpose of the council:

  • On the basis of recommendations of this council, government will revitalise economy in the state and ensure that benefits of economic growth reach all segments of society.

About Tamil Nadu:

  • It is located in the extreme south of the subcontinent.
  • It is bounded by the Indian Ocean to the east and south and by the states of Kerala to the west, Karnataka (formerly Mysore) to the northwest, and Andhra Pradesh to the north.
  • It was formerly the Madras Presidency of British India but was renamed Madras (State) after independence in 1947. Madras (State) was again renamed Tamil Nadu in 1968.
  • Its Capital is Chennai.
  • The Governor and Chief Minister of Tamil Nadu are Banwarilal Purohit and M. K. Stalin respectively.

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