Krishnamurthy Subramanian is new Chief Economic Advisor
The Appointments Committee of the Cabinet has appointed Krishnamurthy Subramanian, Associate Professor & ED (CAF), ISB, Hyderabad, to the post of Chief Economic Advisor (CEA) to the Finance Ministry.
Subramanian has been appointed on a contract basis for three years from the date of his assumption of charge of the post.
Subramanian is one of the world’s leading experts in banking and economic policy, according to the Indian School of Business. His services on RBI’s expert committee on governance of banks has established him as one of the chief architects of the banking reforms in India, the ISB said on its website.
Subramanian is also a member of SEBI’s Standing Committee on Alternative Investment Policy headed by Narayana Murthy. His public policy work also extends to other sectors, including working with the Finance Ministry to reform the country’s food policy. As part of his corporate policy work, he serves on the board of Bandhan Bank. He also serves on the board of the National Institute of Bank Management, which is chaired by the RBI Governor.
Subramanian takes over from Arvind Subramanian, who quit as CEA on June 20 this year.