NEW DELHI: The government on Saturday announced a year's extension for chief economic adviser Arvind Subramanian, whose three-year term is due to end on October 16. The announcement by finance minister Arun Jaitley ended speculation about the return of the economist to Peterson Institute, a Washing ton-based think tank. The minister said he had cleared the proposal for the chief economist's extension.Subramanian had agreed to a three-year term and wanted to return to his assignment in the US, as he also has family commitments. Just last week he had briefed the PM on the current economic situation in the run-up to a stimulus to get the economy moving fas ter. Subramanian enjoys a close rapport with Jaitley .His reappointment comes amid debate on domestic versus `foreign' economists, triggered by Arvind Panagariya's return to Columbia University after a stint of less than three years as first vice-chairman of NITI Aayog

Source: Times of India September 24, 2017 00:22 UTC