04 February 2017 Current Affairs: The working and ways of North Block might not be new for Sanjeev Sanyal, the newly appointed principal economic adviser in department of Economic affairs.
A Rhodes Scholar with a degree in Economics from Oxford and an alumnus of Delhi’s Sriram College, Sanyal is son of a former bureaucrat.
Sanyal, a bestselling author, has made his mark in diverse areas such as environment and sustainable development, urban issues, microfinance as well as foreign investment, making him eminently suitable for this public policy role.
The appointments committee of cabinet has approved Sanyal’s appointment for three years on contract basis.
Sanyal, in his mid-forties, is known for his out of the box thinking. At a time when micro-lending was a non-profit initiative and had not reached any scale, Sanyal was among the few to visualise its potential and proposed the need for promoters bringing in equity in the business to make them more accountable.