The Finance Ministry in a tweet said: "CEA Dr. Arvind Subramanian will continue for one more year after completion of his 3 year tenure on 16th October, 2017".
As the government prepares to offer much-needed succour to lift growth, chief economic adviser (CEA) Arvind Subramanian on Saturday said the economy was facing challenges on multiple fronts and required a measured response "across the board". The minister said he had cleared the proposal for the chief economist's extension.
On the stimulus package, the CEA said, it is being worked out and an announcement will be made at an appropriate time.
Struggling to fend government's back-to-back decisions on demonetization and GST after GDP growth dipped to a low of 5.7 per cent, Jaitley on Friday had said that the government was fully prepared for a "responsive action" to boost the economy.
Sources said that Subramanian had been keen to leave for the U.S. at the end of his term next month to return to his family but was requested to stay back.
Alliance for Social Justice sweeps UoH student elections
The general secretary post was won by Arif Ahammed (ASJ) and the joint secretary post was won by Muhammed Ashique. The result of the vice president's election was held due to some dispute and it will be announced on Monday.
Trump Talks North Korea, Signs New Order
Donald Trump has hit back at Kim Jong Un after the North Korean dictator called him "deranged" in a bullish statement . Then he turned to such random targets as Facebook and, of course, his old rival Hillary Clinton.
Arvind took oath on 16 October 2014 a year after Raghuram Rajan vacated the post and signed up as RBI governor. He was closely involved in drafting the Goods and Services Tax.
CEA (Chief Economic Advisor) is one of the strong hands of the finance ministers and advises the FM and the government on key economic issues related to the national economy as well as global trade.
Subramanian is credited with introducing various out of the box ideas, including Universal Basic Income (UBI) that generated a lot of debate - both within and outside the government.
The Crimson Tide also set a school record with 38 first downs, topping the 36 earned November 22, 2014, against Western Carolina. It was the first interception that Commodores QB Kyle Shurmur had thrown this season.
Fury fell to a majority points defeat at the Manchester Arena as he failed to win his first heavyweight world title . The WBO Heavyweight champ couldn't catch Hughie Fury's chin, but he's happy to still have the belt around his waist.
General Assembly in the place of leader Aung San Suu Kyi , who a day earlier delivered a speech calling for patience. The home minister said that the government has extended aid to Bangladesh for the welfare of Rohingyas there.
They will confront a City team who are top and have scored 11 goals in their past two league games alone, without reply. That could lead to corners in the first half as Palace try to clear their lines and are under constant pressure.
You can unlock Daisy by playing through Remix 10, a "frenetic" mode which will feature 10 level snippets from across the game. It heralds the arrival of no less than 9 new levels which will be accessible once players have crossed the first 6 worlds.
His 100-yard return was one of seven lead changes after halftime, including four in the fourth quarter. This game will take some heat off of Sumlin, but it will really start to turn up on Bret Bielema.
Barcelona put three goals past Girona
Girona succeeded in stopping Barcelona star Lionel Messi from scoring. If only it could have avoided its own net as well. Messi scored nine goals in the first five rounds.
Japan FM urges countries to cut ties with North Korea
Trump has said he won't allow it, although the U.S.so far has not used military force to impede the North's progress. It imposes a 180-day ban on vessels and aircraft that have visited North Korea from visiting the United States.