The former spinner takes over leadership of the five-man panel following Ajit Agarkar's departure after a trophy-filled tenure.
A court case over state association elections has left Arunachal without a functioning board or selection panel.
The Pakistan Super League will run from mid-March to May, right as the BCCI plans an earlier start for its own flagship tournament.
The veteran all-rounder's decision follows a BCCI review meeting in Guwahati after leading the national side to World Cup glory.
Harmanpreet Kaur’s side replicate the men's team by refusing to accept silverware from Pakistan's Interior Minister.