CURRENT AFFAIRS

Detailed explanation-1: -The Tamil Nadu government will form an economic advisory council comprising Nobel laureate Esther Duflo of the Massachusetts Institute of Technology (MIT), USA, and former Reserve Bank of India governor Raghuram Rajan, to advise the chief minister.

Detailed explanation-2: -The Tamil Nadu government named Nobel laureate Esther Duflo and former Reserve Bank of India Governor Raghuram Rajan as part of a five-member Economic Advisory Council for the state.

Detailed explanation-3: -Bibek Debroy is the current chairman of the current EAC, appointed in 2017. Dr. C. Rangarajan was the Chairman of the previous PMEAC.

Detailed explanation-4: -Between 2003 and 2006 he was Chief Economist and director of research at the International Monetary Fund. From September 2013 through September 2016 he was the 23rd Governor of the Reserve Bank of India. In 2015, during his tenure at the RBI, he became the Vice-Chairman of the Bank for International Settlements.

Detailed explanation-5: -Bibek Debroy (Chairman), Shri Sanjeev Sanyal (Member), Shri Rakesh Mohan (Part-Time Member), Dr. Sajjid Chinoy (Part-Time Member), Dr. Neelkanth Mishra (Part-Time Member), Shri Nilesh Shah (Part-Time Member), Prof. T.T. Ram Mohan (Part-Time Member) and Dr.