<p> Noted economist Surjit Bhalla has resigned from Prime Minister's Economic Advisory Council. He was a part-time member of PMEAC.</p>.<p><br />The news of Bhalla's resignation came a day after Reserve Bank of India Governor Urjit Patel stunned the nation by announcing his sudden decision to step down.</p>.<p><br />Bhalla said he had resigned from the PMEAC on December 1.</p>.<p><br />"I resigned as a part-time member of PMEAC on December 1," Bhalla said on social networking site Twitter.</p>.<p><br />His resignation has been accepted by Prime Minister Narendra Modi forthwith, sources in the government said.</p>.<p><br />Bhalla is the third economist to resign from the Modi-led government at the Centre in the past four months. Prior to him, Chief Economic Advisor Arvind Subramanian quit the government citing personal reasons.</p>.<p><br />That was followed by Patel's resignation on Monday. Last year Niti Aayog vice chairman Arvind Panagariya had put in his papers ahead of his tenure came to an end.</p>.<p><br />PMEAC, which advises the Prime Ministers on matters of important economic policy is headed by Niti Aayog member Bibek Debroy. Economists Rathin Roy, Ashima Goyal and Shamika Ravi are other part-time members.</p>
<p> Noted economist Surjit Bhalla has resigned from Prime Minister's Economic Advisory Council. He was a part-time member of PMEAC.</p>.<p><br />The news of Bhalla's resignation came a day after Reserve Bank of India Governor Urjit Patel stunned the nation by announcing his sudden decision to step down.</p>.<p><br />Bhalla said he had resigned from the PMEAC on December 1.</p>.<p><br />"I resigned as a part-time member of PMEAC on December 1," Bhalla said on social networking site Twitter.</p>.<p><br />His resignation has been accepted by Prime Minister Narendra Modi forthwith, sources in the government said.</p>.<p><br />Bhalla is the third economist to resign from the Modi-led government at the Centre in the past four months. Prior to him, Chief Economic Advisor Arvind Subramanian quit the government citing personal reasons.</p>.<p><br />That was followed by Patel's resignation on Monday. Last year Niti Aayog vice chairman Arvind Panagariya had put in his papers ahead of his tenure came to an end.</p>.<p><br />PMEAC, which advises the Prime Ministers on matters of important economic policy is headed by Niti Aayog member Bibek Debroy. Economists Rathin Roy, Ashima Goyal and Shamika Ravi are other part-time members.</p>