Which of the following statements is NOT true about the newly constituted advisory council of the Sixteenth Finance Commission?
1
The advisory council consists of five members.
2
Poonam Gupta is the convenor of the advisory council.
3
Neelkanth Mishra is the chief economist of HSBC Securities.
4
The council assists in monitoring studies commissioned by the Finance Commission.
5
Rahul Bajoria is MD & Head of EM Asia (ex-China) Economics at Barclays.