NITI Aayog Vice-Chairman Arvind Panagariya Steps Down 

Arvind Panagariya, the first vice-chairman of NITI Aayog, resigned today and 31 August is likely to be his last working day.

Reports said the 62-year-old Panagariya wanted to resume his teaching career in the US. Panagariya, an internationally accomplished economist, was handpicked by Prime Minister Narendra Modi to head NITI (National Institution for Transforming India) Aayog immediately after its creation on 1 January 2015.

Panagariya, known for his market-friendly views, has earlier been the Chief Economist of the Asian Development Bank and a Professor of Economics and Co-director, Centre for International Economics, the University of Maryland at College Park.