Shankar Acharya in 12th finance commission

Eminent economist Shankar N. Acharya has been appointed as the part-time member of the Twelfth Finance Commission.

Acharya was appointed in the place of Som Pal, who has resigned. The term of the Commission has also been extended up to December 31, 2004, an official release said. The Finance panel will now submit its report by November 30, 2004 instead of July 31, as required earlier, it said.

Shankar Acharya was formerly the chief economic advisor to Manmohan Singh during the latter’s tenure as the finance minister.