Another top adviser quits, Arvind Subramanian to go back to the US
It seems the government is not able to retain world renowned talent. after rbi’s raghuram rajan and NITI aayog’s arvind Panagariya, chief economic adviser arvind subramanian has also put in his papers. citing “pressing personal matters”, subramanian wants to return to the us. He has resigned when only a few months were left for his tenure to end. The trio of economists have held key positions in the government and have helped in formulating important policies. Their decision to quit, each citing personal reasons, has raised a sense of unease and discomfort. during his tenure as an adviser, subramanian has made some important contributions, such as in the rollout of the goods and services Tax (gst). But he was also vocal and frank enough to not lend support to the government’s decision on demonetisation in 2016. He sent his resignation to arun Jaitley, who is recuperating after a surgery, and not to the ‘acting’ finance minister, Piyush Goyal.