First Vice-Chairman Of Niti Aayog Arvind Panagariya Resigns:- The first Vice-Chairman of Niti Aayog, Mr. Arvind Panagariya has resigned from his post. Panagariya is an Indian American economist.
Before he joined Niti Aayog, Panagariya was professor of economics at Columbia University. His last tenure in office would be August 31. Panagariya has said that he will return to academia. This could be termed as yet another high-profile exit from a crucial high profile government institution.
To be recalled, after months of speculation about him and his “patchy” relationship with the NDA government, RBI Governor Raghuram Rajan who is also an economist walked out of doors of central bank.
At the Asian Development Bank, Panagariya has also served as chief economist. In 2014, Prime Minister Narendra Modi announced that his government will flake decades old Planning Commission and bring in its place a think tank that later came to be known as Niti Aayog. Panagariya found himself as front runner for the vice-chairman’s post, after the Niti came into existence. Like Planning Commission, Prime Minister is the Chairman of Niti Aayog.
Panagariya is a writer as well. He has written or edited as many as ten books. However, the reason for his resignation is still unknown. It may be noted that Panagariya as Niti chairman had threw his weight behind each and every policy move of Narendra Modi government. He had also supported the highly-publicized demonetization termed as anti-black money crackdown.