9 Key Points About Sanjeev Sanyal's Appointment as Gokhale Institute Chancellor

Sanjeev Sanyal, a renowned economist and member of the Prime Minister's Economic Advisory Council (EAC-PM), has been appointed as the Chancellor of the Gokhale Institute of Politics and Economics (GIPE) in Pune.

1. Who is Sanjeev Sanyal?

Sanjeev Sanyal is a well-known economist with over two decades of experience in international financial markets. He has served as the chief economist for South & South-East Asia and as a global strategist and managing director at Deutsche Bank.

2. What is his role in the Prime Minister's Economic Advisory Council?

Sanjeev Sanyal has been a member of the EAC-PM since 2022, holding the rank of secretary, Government of India. Prior to this, he was the principal economic adviser to the Union finance minister for five years until February 2022.

3. Why was Bibek Debroy removed as Chancellor?

Bibek Debroy resigned as Chancellor due to a controversy over the removal of Vice-Chancellor Ajit Ranade. Ranade was terminated from his position after a fact-finding committee found that his appointment violated University Grants Commission (UGC) norms.

4. What is the significance of Sanjeev Sanyal's appointment?

Sanjeev Sanyal's appointment is significant because he brings a wealth of experience in economics and academic administration. He is expected to lead GIPE to new heights of academic and social impact.

5. How long will Sanjeev Sanyal serve as Chancellor?

Sanjeev Sanyal has been appointed for a five-year term, effective from October 7, 2024. This term is expected to provide stability and continuity to the institute.

6. What is Sanjeev Sanyal's role in academic administration?

As Chancellor, Sanjeev Sanyal will have broad direction and governance responsibilities but will not be involved in the daily running of the institution. This role is akin to a 'non-executive chairman' in academic administration.

7. How did Sanjeev Sanyal respond to his appointment?

Sanjeev Sanyal confirmed his acceptance of the Chancellorship on his social media account, stating that he looks forward to working with faculty, staff, and students to build on GIPE's legacy.

8. What is the current status of the controversy surrounding Ajit Ranade?

The controversy surrounding Ajit Ranade's removal is ongoing. He has secured interim protection from the Bombay High Court, allowing him to continue as Vice-Chancellor until October 7, 2024.

9. How will Sanjeev Sanyal's new role impact his work with the EAC-PM?

Sanjeev Sanyal has assured that his new role as Chancellor will not impact his work as a full-time member of the EAC-PM. He will continue to serve in his capacity as a member of the council.