Pune: Renowned economist Sanjeev Sanyal has accepted the post of Chancellor of Gokhale Institute of Politics and Economics (GIPE), a deemed to be university, in Pune on Sunday. He was offered the post by Servants of India Society , which manages the institute, nine days after another well-known economist Bibek Debroy, also chairman of Economic Advisory Council to the Prime Minister, resigned from the position. The society offered him the post which Sanyal confirmed.

He posted on his 'X' account: "This is just to state that I have accepted the Chancellorship of Gokhale Institute of Politics and Economics, Pune. Look forward to working with faculty, staff and students to build on GIPE's well-established legacy." Sanyal also posted on his 'X' account: "For those uninitiated with the structure of academic administration, the Chancellor of a university is somewhat like a 'non-executive chairman' - duties relate to broad direction and governance rather than the daily running of the institution.

This role does not impact my normal work as a full-time member of the Prime Minister's Economic Advisory Council." President of SIS Damodar Sahoo on Saturday said the chancellorship is a five-year term, effective from Oct 7. "Before Debroy was appointed the chancellor, we had offered the post to Sanyal, and he had accepted it.

But the position was then offered to Debroy for some reasons. We were positive that Sanyal will accept the post. He is a renowned economist, and we are sure that the i.