New Delhi: The Central government has appointed former Chief Economic Advisor (CEA) Arvind Virmani as a full-time member of NITI Aayog. Virmani, who served as the Chief Economic Adviser in the Finance Ministry during 2007-2009, is the Founder and Chairman of Foundation for Economic Growth and Welfare.

“The Prime Minister has approved the appointment of Shri Arvind Virmani, Founder, Chairman, Foundation for Economic Growth & Welfare as Full-Time Member, NITI Aayog with immediate effect and until further orders, on the same terms and conditions as are applicable to Full-Time Members of NITI Aayog,” the Cabinet Secretariat’s notification said.

He served as a member of the Technical Advisory Committee of the Reserve Bank of India (RBI) on Monetary Policy from February 2013 to August 2016. He was till end-2012, Executive Director at the International Monetary Fund (IMF), Washington DC, representing India, Bangladesh, Sri Lanka and Bhutan. /BI/