Debroy's economic interests and research work covered numerous areas such as economic theory, income inequality, and infrastructure financing.
Bibek Debroy was one of the very few economists not bound by any single area of expertise and was simultaneously curious about economics and politics, myths and maths, chess and chemistry, and what not, remembers Laveesh Bhandari.
Economic Advisory Council to the Prime Minister (EAC-PM) chairman Bibek Debroy passed away this morning, a senior EAC-PM official said. He was admitted to AIIMS. Debroy (69) was educated in Ramakrishna Mission School, Narendrapur; Presidency College, Kolkata; Delhi School of Economics; and Trinity College, Cambridge.
The Economic Advisory Council to the Prime Minister, of which he is chairman, has quickly sought to distance itself and the government from Dr Debroy's views.
Economic Advisory Council to the Prime Minister (EAC-PM) chairman Bibek Debroy on Tuesday said the government was losing revenue due to the GST, which should be revenue neutral with a single rate. Speaking at an event organised by the Calcutta Chamber of Commerce in Kolkata, he however said that GST has led to a lot of simplification. "The ideal GST is one that has a single rate, and it was meant to be revenue neutral.
Debroy worked as a consultant in the Department of Economic Affairs in Finance Ministry.
India's economy is moving towards a higher growth trajectory and is likely to grow at around 10 per cent in 2021-22, Economic Advisory Council to the Prime Minister (EAC-PM) chairman Bibek Debroy said on Wednesday. "I am confident that we are on a path towards a higher growth trajectory, higher poverty reduction, higher employment, and a prosperous, more developed and better governed India. "I think it is, more or less, agreed that the real rate of growth this year (FY2022) is going to be around 10 per cent," Debroy said at an SBI event. At the beginning of FY2021-22, the forecasts for real growth were in the 8.5-12.5 per cent range, he noted.
Headed by NITI Aayog member Bibek Debroy, the EAC includes NITI Aayog's Principal Advisor Ratan Watal as its member and economists Surjit Bhalla, Rathin Roy and Ashima Goyal as part-time members.
Sajjid Chenoy, India economist at JP Morgan is the new part-time member.
Debroy is expected to have a role and responsibility similar to the erstwhile chairman of the Prime Minister's Economic Advisory Council
President Droupadi Murmu conferred the coveted Padma awards on 68 eminent personalities, including former Chief Justice of India Jagdish Singh Khehar, dancer Shobana Chandrakumar, actor Anant Nag, and Vice Chancellor of King George's Medical University Soniya Nityanand. The awards were given in various disciplines and fields, including art, social work, public affairs, science and engineering, trade and industry, medicine, literature and education, sports, and civil service. The Padma Vibhushan was awarded to Justice (retd) Khehar for public affairs, while nine individuals received the Padma Bhushan. The Padma Shri was awarded to leading immunologist and KGMU VC Nityanand, footballer Inivalappil Mani Vijayan, singer Ashwini Bhide Deshpande, actor Ashok Laxman Saraf, mask maker Reba Kanta Mahanta, and musician Ricky Gyan Kej, among others.
Debroy, in an interview with India TV news anchor Karan Thapar, said there would be no shortage of currency notes and the demonetisation exercise was justified -- it would be a deterrent for future generations.
Ranade was earlier removed from the position on September 14 by the then chancellor Bibek Debroy, after a fact-finding committee concluded that his appointment as the GIPE's VC did not conform to the UGC regulations on minimum qualifications for the appointment of teachers and other academic staff.
We should improve the business climate in Mumbai and Delhi, and India's ranking would immediately shoot up, says Bibek Debroy, a full member of NITI Aayog.
President Droupadi Murmu on Saturday approved 139 Padma awards including seven Padma Vibhushans, 19 Padma Bhushans and 113 Padma Shris.
The Economic Advisory Council to the Prime Minister (EAC-PM) has distanced itself from its member Bibek Debroy's article suggesting embracing a new constitution, and said the article in no way reflects the views of EAC-PM or Government of India.
The police in Kanpur have lodged an FIR against The Week magazine amid a row over "objectionable pictures" of Lord Shiva and Goddess Kali that has led Hindu activists to burn copies of the magazine and economist Bibek Debroy end his association with it.
The government on Wednesday reconstituted the Economic Advisory Council to the Prime Minister (EAC-PM) under existing chairman Bibek Debroy, for a period of two years. V Anantha Nageswaran has been dropped, Rakesh Mohan (former deputy governor of RBI), Poonam Gupta (director general of NCAER) and TT Ram Mohan (professor, IIM Ahmedabad) have been appointed as part-time members of the reconstituted EAC-PM. The other part-time members of the Council include Sajid Chenoy, Neelkanth Mishra and Nilesh Shah.
As Singapore, New York and Melbourne have shown, cities can mitigate the impact of heatwaves if they have the will to create green infrastructure, explain Amit Kapoor & Bibek Debroy.
Year by year, our cities remain defeated in the face of weather conditions, costing us time, money, resources and often lives, observe Amit Kapoor and Bibek Debroy.
'Gujarat has a very long tradition of Panchayati Raj. And many of the social sector things we are talking about are actually implemented by the panchayats. Decentralisation exists here. Now to decentralise I need the capacity in the panchayats.In most Indian states, we don't have the capacity in the panchayats, which is why governance in India is so very bad. But Gujarat has had this since the 1960s,' economist Bibek Debroy tells Rediff.com's Sheela Bhatt.
'So far as FDI is concerned, there are some things one says -- particularly if one is in election mode -- that may or may not be truly reflective of what is eventually going to happen,' says economist Bibek Debroy.
'There was a 77 per cent chance that electorates in India voted for the same party for both the state and Centre when elections were held simultaneously.'
Gujarat's so-called superior performance, relative to its own history, and its present peer group, is being used to assiduously promote a personality cult around Modi together with a fascist ideology, say Sonali Ranade and Shaelja Sharma
Corruption in public life is not as much of a threat to economic growth as political instability. Cross-sectional and time-series evidence would show this.
The board will now be headed by Vinod Kumar Yadav as chairman and CEO, and it will have four other members.
The Bhagavad Gita has lasted for centuries and will continue to last for centuries regardless of what a court in Siberia decides, says Bibek Debroy, who spoke to Rediff.com's Toral Varia Deshpande on the controversy.
"I categorically state that the central government has no plan to impose any tax on agriculture income," Jaitley said in a tweet.
The council wants the government to stick to its fiscal consolidation road map.
PHDCCI has begun a head hunt for its new secretary general and deputy secretary general, following resignations of well-known economist Bibek Debroy and Amirulla Khan.
Industry chambers on Thursday said all soft drink manufacturers must adhere to international norms, while criticising the government for going slow in implementing stringent rules.
'Now they're talking about changing the Constitution; they feel they have no reason now to hide their intentions.'
Bibek Debroy Committee proposed railways duty is not to run hospitals, schools, catering, real estate activities and maintaining RPF
Have inequality levels, as represented by the Gini coefficient, risen from 30.3 in 1983 to 34.3 in 2004-05?
If that happens, India's economic size will be just shy of $20 trillion and its annual per capita income will be about $10,000, when the country celebrates its centenary of independence.
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