Prime Minister's Economic Advisory Council Chairman Dr C Rangarajan on Monday handed over his resignation to the Prime Minister Manmohan Singh.
"He (Rangarajan) met the Prime Minister this morning and personally handed over his resignation letter to him,” official sources said.
The members of the PMEAC have also started sending their resignations to the Prime Minister directly.
The present PMEAC headed by Rangarajan had Saumitra Chaudhuri, VS Vyas, Pulin Nayak, and Dilip Nachane as members.
The term of PMEAC members is co-terminus with that of the Prime Minister.