Bibek Debroy

Govt gives NITI V-C Suman Bery additional charge as chairman of EAC-PM

NITI Aayog vice chairman Suman Bery has been given additional charge as the chairman of the Economic Advisory Council to the Prime Minister (EAC-PM) about a month ago, a senior government official said on Monday. He replaced Bibek Debroy, who died on November 1. Debroy, a key economic adviser to the prime minister whose prolific work included those related to economic theory, income inequality, and infrastructure financing, was admitted to the AIIMS on October 31. "Bery has been given additional charge of EAC-PM as its chairman about a month ago," the official told PTI. EAC-PM is an independent body constituted to give advice on economic and related issues to the Government of India, specifically to the prime minister. At present, the composition of EAC-PM is: Sanjeev Sanyal (member), Shamika Ravi (member), Rakesh Mohan (part-time member), Sajjid Chinoy (part-time member), Neelkanth Mishra (part-time member), Nilesh Shah (part-time member), T T Ram Mohan (part-time member) and .

Debroy has left a legacy with humanity at its core, says P K Mishra

Mishra remembered the days of working with Debroy on policies, discussing various issues of economy and how they could be addressed

Bibek Debroy, EAC-PM chief, passes away at 69 due to prolonged illness

Debroy was a member of NITI Aayog up to June 5, 2019. In September 2017, he was appointed Chairman of the EAC-PM

Bibek Debroy (1955-2024): From free-market advocate to cultural custodian

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, and what not

Economist Bibek Debroy passes away, leaders reflect on his life and legacy

Condolences and tributes poured in from across India for renowned economist Bibek Debroy, including heartfelt messages from PM Modi, President Droupadi Murmu, and other leaders

Debroy's insights into economics shaped policy, inspired many: Amitabh Kant

Bibek Debroy's insights into economics shaped policy and inspired many, said India's G20 sherpa Amitabh Kant in his condolence message on Friday. Debroy (69), who was the chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), died on Friday morning. "I'm deeply saddened by the passing of Bibek Debroy. His insights into economics shaped policy and inspired many. He was a brilliant mind, and an incredibly kind soul who genuinely cared for the betterment of society," Kant said in a post on X. Kant further said he fondly remember working with Debroy and being struck by his patience, and ability to articulate complex issues with unmatched clarity. "You will be dearly missed Bibek. We have lost one of India's brightest minds today," he said. Debroy was an alumnus of Ramakrishna Mission School, Narendrapur and Presidency College, Kolkata. He studied in Delhi School of Economics and then went to Trinity College, Cambridge. Former NITI Aayog vice chairman Rajiv Kumar ..

Proficient in ancient texts, economist Debroy had so much more to do: FM

Known for his knowledge of ancient texts and Sanskrit, economist Bibek Debroy profusely participated in policy making, said Finance Minister Nirmala Sitharaman in her condolence message on Friday. Debroy (69), who was the chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), died on Friday morning. "As Chairman of PM Economic Advisory Council, he profusely participated in policy making. His interests, inter alia, wereancient texts, Vedic and classical Sanskrit, Devi, Railways. He was prolific in translating Sanskrit to English- our epics and puranas. His book Sarama and Her Children showed his uncanny knack in extracting nuggets from our ancient texts. Bibek, you had so much more to do and to complete for all our sake!," Sitharaman said in a post on X. Reserve Bank Governor Shaktikanta Das too described Debroy as a great scholar, author and economist with "amazing" knowledge of ancient Indian scriptures. Sanjeev Sanyal, member EAC-PM, said he "lost a friend, ...

Economist, cultural scholar: Bibek Debroy to be remembered for many talents

A Padma Shri awardee, Bibek Debroy previously served as chancellor of the Gokhale Institute of Politics and Economics (GIPE) in Pune

Bibek Debroy, top economic advisor to PM Modi, dies at the age of 69

Debroy was a Padma Shri award recipient and was serving as chairman of the Economic Advisory Council to the Prime Minister of India, a position he had held since September 2017

Bibek Debroy steps down as Chancellor of Pune-based Gokhale Institute

Noted economist Bibek Debroy on Friday resigned as Chancellor of the Gokhale Institute of Politics and Economics (GIPE), a day after the Bombay High Court extended interim relief to Vice-Chancellor Ajit Ranade, who was earlier removed from his post. Debroy, who is also chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), was appointed as Chancellor of GIPE, a deemed to be university, in July this year. In an email addressed to Ranade, who is also an eminent economist, Debroy said he is standing down from his post with immediate effect. Milind Deshmukh, secretary of the Servants of India Society (SSI), confirmed Debroy has rendered his resignation as chancellor of the institution. GIPE was established in 1930 by the Society. Earlier this month, Ranade was removed from the position of GIPE vice-chancellor after a fact-finding committee set up by Debroy found that his appointment violated University Grants Commission (UGC) norms. Ranade approached the High Court

GST regime altered contours of fiscal federalism in India: Debroy

The Goods and Services Tax regime has altered the contours of fiscal federalism in India, and steady growth of GST revenue is a robust barometer of the reform's success, Economic Advisory Council to the PM (EAC-PM) chairman Bibek Debroy said. In a working paper titled 'How the Pennies Drop: What GST revenue data tells us and What it doesn't', Debroy also proposed constructing a GST Rate Index to help track relative movements of the tax rates and get a sense of how it impacts tax collections and taxpayer behaviour. "The introduction of a Goods and Services Tax (GST) in India in 2017 not only impacted the economy but it also altered the contours of fiscal federalism in India. "Amongst others, the steady growth of GST revenue has been a robust barometer of the success of the reform," he said. Debroy also suggested a novel mechanism for computing the collection rate of GST, using only publicly available data, saying this has potential applications in revenue modelling; analysis of tren

PM council distances itself from Bibek Debroy's article on new Constitution

In his August 15 article, Bibek Debroy wrote, 'We the People have to give ourselves a new Constitution'

Ignoring NRI economists helped India recover post-Covid: Bibek Debroy

Ignoring suggestions from non-resident Indian economists helped Indian economy to recover after the Covid pandemic, Bibek Debroy, chairman of Economic Advisory Council to the Prime Minister (EAC-PM) said on Thursday. Delivering the D R Gadgil Memorial Lecture here, Debroy said India did not open up the "fiscal tap" in response to the crisis and is relatively better than some of the developed economies which indulged in "fiscal profligacy". "Evidence also shows that there were a lot of people from the West, including non resident Indian economists who lectured us on the economic policies that India should follow. The government of India did not pay any attention," he said. "And it is no exaggeration to say that we are in this comfortable position today relative to what is happening in the rest of the world because the fiscal tap was not thrown open. It is no exaggeration to say that many of the developed countries are in trouble because of the fiscal profligacy," he added. Debroy di

Interstate flow of goods rose to 70% of GDP post-GST implementation

Paper published by IPPR suggests new indirect tax regime led to increasing economic integration among states

EAC-PM Chairman Bibek Debroy complains about Air India after flight delay

Economic Advisory Council to the Prime Minister (EAC-PM) chairman Bibek Debroy on Friday took to Twitter to complain about services of Tata-owned Air India, saying that the airline was "better before privatisation". In a series of tweets, he said that he was fed up with Air India after the flight AI 687 from Mumbai to Delhi was delayed. Replying to one of the tweets, Air India said the flight is delayed due to operational reasons. "Fed up with Air India. Booked on AI 687 to Delhi. Scheduled time of departure 16.35. ETD keeps changing. Now 19.00. No information even now. It was better before privatisation...," he said. Further, Debroy said it is a conscious decision that given a choice he will never fly Air India in the foreseeable future. "This is much worse than pre-privatisation days. No one seems to be responsible. STD changing ever 15 minutes. Staff at counter continuously changing statements. @airindiain," he said. Debroy also said that more planes being ordered doesn't ...

In 2047, India's GDP will be approaching close to $20 trn: Bibek Debroy

He said that basic necessities have been provided to the people and more so in the rural areas by the government

Top Headlines: India ups windfall tax on crude, 6.5% growth likely in FY24

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6.5% growth plausible in FY24, says EAC-PM chairman Bibek Debroy

'Global headwinds apart, there is consensus that the Indian economy this year (FY23) will grow 6.8-7 per cent'

EAC-PM chairman Debroy suggests single rate GST, exemption-less taxation

Economic Advisory Council to the Prime Minister (EAC-PM)Chairman Bibek Debroy on Monday said India should have a single rate GST and taxation regime devoid of exemptions. He said the tax collection of the Centre and states combined is just 15 per cent of GDP, while the demand for government spending on public infrastructure is much higher. "On GST, it is my submission, therefore, there should be a single rate. I don't think we will ever get it," Debroy said at an event here. If the differential tax rates for products of 'elitist nature' and those of mass consumption are done away with, it would lessen litigation, he added. "As a polity, we need to recognise that the GST really should be the same regardless of the product. If progressivity is to be introduced, it is best done by direct taxes, not GST, or indirect taxes," Debroy noted. Debroy also clarified that his speech should not be construed as a recommendation of the PMEAC. The estimate of the GST revenue neutral rate (RNR) m

Fountain pens and national ambitions: The forgotten story of India Ink

From the names of pen manufacturers to the minute differences in their makes -Inked in India is a marvellous journey for both the connoisseur and the uninitiated