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Economic Advisory Council (EAC)

Posted on : 17 Dec 2019

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  • The fifth meeting of the Economic Advisory Council (EAC) of the Fifteenth Finance Commission was held in New Delhi.
  • After the meeting, Chairman NK Singh said that future revenue is the most critical issue for the Finance Commission.
  • Economic Advisory Council to the Prime Minister (PMEAC) is a non-constitutional, non-permanent and independent body constituted to give economic advice to the Government of India, specifically the Prime Minister.
  • The Economic Advisory Council was set up with a view to provide a sounding board for inculcating awareness in Government on the different point of view on key economic issues.
  • The Planning Commission was the Nodal Agency for the EAC for administrative, logistic, planning and budgeting purposes.

Article Related Questions

  1. With reference to Economic Advisory Council to the Prime Minister (PMEAC), consider the following statements
    1.It is a constitutional and independent body
    2.The Planning Commission was the Nodal Agency for the EAC for administrative, logistic, planning and budgeting purposes.
    Which of the following statement is/are correct?

  2. 1.1 only

    2.2 only

    3.Both 1 and 2

    4.Neither 1 nor 2

    Right Ans : 2 only

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