NITI Aayog Vice Chairman Arvind Panagariya resigned from his post on 1st August. In the next phase, he will return to Columbia University in the US as professor of economics.
Till august end, he will serve at NITI. He will rejoin Columbia on September 5.
Since he was appointed as NITI's vice chairman on January 5, 2015, he had been on leave from Columbia.
NITI Aayog Vice Chairman Arvind Panagariya's tenure
Arvind Panagariya: A brief profile
The 62-year-old Indian-American economist has worked with major global platforms including the World Bank, IMF, WTO and the UNCTAD. The Princeton alumnus has also served as the Chief Economist at the Asian Development Bank. Panagariya has written and/or edited 10 books.
Tenure marred by run-ins with RSS affiliates
Panagariya, a supporter of PM Modi, was known for his market-friendly outlook. He was handpicked by the PM for service in the National Institution for Transforming India (NITI) Aayog.
Despite being fond of Modi, he has often had run-ins with RSS affiliates, who branded him as "struck in the Western mold of economic policy".
Rumors also abound about his friction with CEO Amitabh Kant.
Love India news?
Stay updated with the latest happenings.
06 Aug 2017
Rajiv Kumar becomes NITI Aayog's new VC
Economist Rajiv Kumar has been appointed as NITI Aayog's new vice-chairman by the Centre on Saturday.
He holds a D Phil in economics from Oxford and a PhD from Lucknow University.
Having supported PM Modi's demonetization move earlier, Kumar is also in tune with BJP's economic ideology.