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Arvind Panagariya has stepped down as Vice Chairman of the government think tank NITI Aayog. The Columbia University professor will be returning to the U.S. to rejoin academia.

The noted economist, who was appointed to the post by Prime Minister Narendra Modi in January 2015, has written to Mr Modi requesting to be relived by the end of the month as he has not been granted an



extension of leave from Columbia University.

Mr Panagariya, 64, told reporters that he had expressed his desire to rejoin academia to the Prime Minister about two months back. He is a Professor of Indian Political Economy at Columbia University.

His last day in office will be August 31 and he is likely to rejoin the University on September 5.

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