Veteran economist Shankar Acharya was appointed as the Chancellor of the Central University of Andhra Pradesh on Wednesday, 20 September.
Following a six-year stint as an economic advisor in the Ministry of Finance, Acharya emerged as India’s longest-serving chief economic adviser (CEA), who advised Manmohan Singh, P Chidambaram, and Yashwant Sinha for eight long years between 1993 and 2001.
According to an official statement, the newly appointed Chancellor had also been a member of the Securities and Exchange Board of India (SEBI) during the latter half of his eight-year tenure as CEA.
Since 2001, Acharya took up various assignments such as being a member of the 12th Finance Commission (2004), and National Security Advisory Board (2009 – 2013), and also served as the non-executive chairman of Kotak Mahindra Bank for twelve years.
He also served on the boards of several national research organisations, corporations, charities and the Reserve Bank of India’s advisory committee for Monetary Policy between 2005 and 2016.
With a doctorate from Harvard University, Acharya has also obtained a BA from Oxford University and went on to publish books such as Essays on Macroeconomic Policy and Growth in India, “Can India Grow Without Bharat”, “India’s Economy: Performance and Challenges” among others.
Acharya expressed happiness in being given an opportunity to contribute to the education sector through the Central University of Andhra Pradesh.
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