New Delhi: The Prime Minister Economic Advisory Council (PMEAC) will take up macro-economic issues on its own initiative on a frequent basis now.

"We will start making suo moto reports on a regular and sustained basis and put the final draft out for general public," said a PMEAC official.

The final draft would be prepared after consultation with the direct stakeholders, civil society representatives and independent parties.

The drafts will be made public and sent to the Prime Minister's Office (PMO) simultaneously, the official said.

PMEAC analyses issues, economic or otherwise, referred to it by the Prime Minister and advises him thereon.

Besides, the panel headed by C Rangarajan addresses issues of macro-economic importance and presents its views to the Prime Minister. This could be either be suo moto or on a reference from the Prime Minister or anyone else.

The PMEAC only makes selective reports public, like in the case of a final report of the National Food Security Bill, which concerns the masses.

The panel also prepares reports on 'Review of Economy' and 'Economic Outlook'.