The uncertainty is over, but the fact is that the US is headed for a slowdown, says Bibek Debroy. ...More

The uncertainty is over, but the fact is that the US is headed for a slowdown, says Bibek Debroy. ...Less

Bibek Debroy Death News: Bibek Debroy, esteemed economist and Chairman of the Prime Minister’s Economic A ...More

Bibek Debroy Death News: Bibek Debroy, esteemed economist and Chairman of the Prime Minister’s Economic Advisory Council, has passed away. As a trusted advisor, he significantly influenced India's macroeconomic policies and reforms. His scholarly contributions and insights on fiscal policy and public sector management were globally acclaimed. ...Less

The initial trends do suggest that the BJP is not going to get as many seats as some people had predicted ...More

The initial trends do suggest that the BJP is not going to get as many seats as some people had predicted. ...Less

The reform measures were partly triggered by the threat of sovereign downgrading that now looks unlikely, ...More

The reform measures were partly triggered by the threat of sovereign downgrading that now looks unlikely, says Bibek Debroy. ...Less

"I do not expect the reforms to be pushed through in a hurry because there has been plenty of opposition, ...More

"I do not expect the reforms to be pushed through in a hurry because there has been plenty of opposition, even before the Coalgate episode," says Bibek Debroy. ...Less

'Congress won't come back to power. The question is whether AAP would support BJP, if BJP falls short, or ...More

'Congress won't come back to power. The question is whether AAP would support BJP, if BJP falls short, or would it not,' says Debroy. ...Less

I would prefer to wait for one more quarter before one says that the economy is definitely on an upswing, ...More

I would prefer to wait for one more quarter before one says that the economy is definitely on an upswing, says Bibek Debroy. ...Less

India mourns the loss of Bibek Debroy, chairman of the Economic Advisory Council to the Prime Minister, w ...More

India mourns the loss of Bibek Debroy, chairman of the Economic Advisory Council to the Prime Minister, who passed away at 69. Tributes from influential figures highlight his contributions to economic policy, his academic achievements, and his dedication to societal betterment. Debroy's translation work on Upanishads is noted as part of his lasting legacy. ...Less

We can not see any easing of policy rates from RBI. This is because the inflation numbers are unlikely to ...More

We can not see any easing of policy rates from RBI. This is because the inflation numbers are unlikely to come down, says Bibek Debroy. ...Less

This is a bit late in the day to have a Cabinet reshuffle and expect that it is going to change things si ...More

This is a bit late in the day to have a Cabinet reshuffle and expect that it is going to change things significantly. ...Less

"I do not think anything is going to happen on FDI in retail or petroleum product prices but something on ...More

"I do not think anything is going to happen on FDI in retail or petroleum product prices but something on the GAAR can happen," says Bibek Debroy. ...Less

'The 'big bang' does not mean announcing big bang proposals that thereafter fail to materialise. I wasn't ...More

'The 'big bang' does not mean announcing big bang proposals that thereafter fail to materialise. I wasn't expecting that.' ...Less

"If the RBI decides not to slash policy rates, it will be because of the growth numbers, the inflation an ...More

"If the RBI decides not to slash policy rates, it will be because of the growth numbers, the inflation and the fiscal deficit, which are not very credible." ...Less

These rating agencies have been downgrading India. Some have been threatening to downgrade India even fur ...More

These rating agencies have been downgrading India. Some have been threatening to downgrade India even further. One should not play these out of proportion. ...Less

"There is a lot that the PMEAC has placed on the role of monetary policy, but it is not that important in ...More

"There is a lot that the PMEAC has placed on the role of monetary policy, but it is not that important in taking care of both, the growth and the inflation numbers." ...Less

Rupee is over correcting because of negative sentiments. It will not stabilise below about 65 levels or t ...More

Rupee is over correcting because of negative sentiments. It will not stabilise below about 65 levels or thereabout. ...Less

Preferred choice will be someone who is political, has some degree of credibility. Going by this, it narr ...More

Preferred choice will be someone who is political, has some degree of credibility. Going by this, it narrows down to AK Antony, P Chidambaram and the Prime Minister for a short while. ...Less

There is a very serious deficit problem. So there have to be either tax increases or spending cuts. Which ...More

There is a very serious deficit problem. So there have to be either tax increases or spending cuts. Whichever way it is staggered, the US economy is bound to slow down. ...Less

"It is completely understandable that the Congress would mount an attack on Mr. Modi, but the PM saying w ...More

"It is completely understandable that the Congress would mount an attack on Mr. Modi, but the PM saying what he did, did not mesh with the general tone of the press conference." ...Less

Quite often revenue expenditure is not what we think it is, because that revenue expenditure may be a gra ...More

Quite often revenue expenditure is not what we think it is, because that revenue expenditure may be a grant or loan to a state government. ...Less

There are issues in private participation because there is unfair competition between the existing provid ...More

There are issues in private participation because there is unfair competition between the existing provider — the Indian Railways — and the private players. ...Less

In a chat with ET Now, Bibek Debroy, Professor, Centre for Policy Research, shares his views on PM Narend ...More

In a chat with ET Now, Bibek Debroy, Professor, Centre for Policy Research, shares his views on PM Narendra Modi’s Independence Day speech. ...Less

"Amongst younger people particularly, with urbanisation and semi-urbanisation, in purely incremental term ...More

"Amongst younger people particularly, with urbanisation and semi-urbanisation, in purely incremental terms, emphasis on caste and religion is becoming less." ...Less

On this FDI issue, too much is being made out of it, both on the positives as well as on the negatives, m ...More

On this FDI issue, too much is being made out of it, both on the positives as well as on the negatives, many more important reforms needed, says Bibek Debroy, Centre for Policy Research ...Less

The key question to ask is why did the debt happen in the first place. I don’t think all the states will ...More

The key question to ask is why did the debt happen in the first place. I don’t think all the states will accept this restructuring package. ...Less

"I do not really see the economy inching up to 9% in a hurry and the deficit numbers expressed as shares ...More

"I do not really see the economy inching up to 9% in a hurry and the deficit numbers expressed as shares of GDP are also contingent", Debroy said. ...Less

In an interview with ET Now, Bibek Debroy, Professor, Centre for Policy Research, speaks on the white pap ...More

In an interview with ET Now, Bibek Debroy, Professor, Centre for Policy Research, speaks on the white paper on black money, reforms and much more. Excerpts: ...Less

Whenever one uses words like wave or support, there is a difference between an increase in the vote share ...More

Whenever one uses words like wave or support, there is a difference between an increase in the vote share and that being converted into seats. ...Less

The markets are pinning a great deal of hope on the insurance bill and are expecting that the insurance b ...More

The markets are pinning a great deal of hope on the insurance bill and are expecting that the insurance bill is going to happen in a hurry. ...Less

"I am inclined to think that the most important other than those will be the ones around mining and land ...More

"I am inclined to think that the most important other than those will be the ones around mining and land acquisition. " ...Less

"The FDI issue has still not been resolved. I would say it is on hold. I would say that so far as the Rai ...More

"The FDI issue has still not been resolved. I would say it is on hold. I would say that so far as the Railway Budget is concerned, the signals are alright." ...Less

I am not that concerned about the denominator, the nominal GDP growth rate because I suspect that the rea ...More

I am not that concerned about the denominator, the nominal GDP growth rate because I suspect that the real growth rate will be overestimated, but simultaneously the inflation will be underestimated. ...Less

"I cannot really visualise any state government agreeing to tax farm income" ...More

"I cannot really visualise any state government agreeing to tax farm income" ...Less

"Until the significant economic reforms kick in, we are going to be on a trajectory between 6% and 6.5%. ...More

"Until the significant economic reforms kick in, we are going to be on a trajectory between 6% and 6.5%. Probably 6% is here and 6.5% next year." ...Less

It is going to be a budget that is a little bit more of the same except that the deficit numbers will loo ...More

It is going to be a budget that is a little bit more of the same except that the deficit numbers will look a bit more respectable at around 5%. ...Less

"RBI's action signals that any hope of further reduction in the policy rates is off." ...More

"RBI's action signals that any hope of further reduction in the policy rates is off." ...Less

AAP's economic position is also not one against freebies. In terms of AAP replicating its success, in gai ...More

AAP's economic position is also not one against freebies. In terms of AAP replicating its success, in gaining seats, that doesn't immediately follow. ...Less

According to them, veteran Congress leader Karan Singh, economist Bibek Debroy, NITI Aayog CEO Amitabh Ka ...More

According to them, veteran Congress leader Karan Singh, economist Bibek Debroy, NITI Aayog CEO Amitabh Kant, and advocate Hemant Batra will host different shows on this new channel. ...Less

"Centre would have to have some kind of relationship with the states, because the developmental agenda is ...More

"Centre would have to have some kind of relationship with the states, because the developmental agenda is going to be pushed by the states." ...Less

The kind of resistance seen post the railway budget means that it is very unlikely that fuel prices are g ...More

The kind of resistance seen post the railway budget means that it is very unlikely that fuel prices are going to be hiked. ...Less

Well people have conveniently forgotten that Dinesh Trivedi also used the statement 'bite the bullet' and ...More

Well people have conveniently forgotten that Dinesh Trivedi also used the statement 'bite the bullet' and look what happened. ...Less

Noted author Ruskin Bond, who has kept himself aloof from social networking sites like Facebook, has fina ...More

Noted author Ruskin Bond, who has kept himself aloof from social networking sites like Facebook, has finally opened an account on Twitter. ...Less

NITI Aayog member Bibek Debroy today slammed the United Nations' new development goals, saying so many go ...More

NITI Aayog member Bibek Debroy today slammed the United Nations' new development goals, saying so many goals and targets would drive governments "nuts". ...Less

Bibek Debroy, chairman of the Economic Advisory Council to the PM, passed away at 69. Known for his advoc ...More

Bibek Debroy, chairman of the Economic Advisory Council to the PM, passed away at 69. Known for his advocacy to tax agricultural income, Debroy's proposals aimed to remove disparities between urban and rural taxation. His contributions spanned roles in NITI Aayog and numerous economic committees, influencing India's tax policies. ...Less

In a chat with ET Now, Bibek Debroy, Professor, Centre for Policy Research, shares his views about the ou ...More

In a chat with ET Now, Bibek Debroy, Professor, Centre for Policy Research, shares his views about the outcome from this winter session. ...Less

"On expanding the base on the personal income tax side, other than elimination of exemptions, is to also ...More

"On expanding the base on the personal income tax side, other than elimination of exemptions, is to also tax rural sector, including agriculture income above certain threshold," Debroy had said. ...Less

Major Indian cities have the necessary infrastructures like communication with other facilities to help i ...More

Major Indian cities have the necessary infrastructures like communication with other facilities to help international arbitrators, the paper noted. ...Less

"They (economists living abroad) base their understanding essentially on reading English newspapers. Othe ...More

"They (economists living abroad) base their understanding essentially on reading English newspapers. Otherwise, how would they know?," Bibek Debroy said. ...Less

"The most pressing reform that we need is police reforms, to make the police and police stations more peo ...More

"The most pressing reform that we need is police reforms, to make the police and police stations more people friendly," Debroy said in a statement. ...Less

Suresh Prabhu has ruled out privatization of the state-run transporter and has said that the government w ...More

Suresh Prabhu has ruled out privatization of the state-run transporter and has said that the government was already improving network capabilities. ...Less

"India will not change because the government changes. India will change when you (students and youth) ch ...More

"India will not change because the government changes. India will change when you (students and youth) change it. You are young India," he said. ...Less

"I categorically state that the Central government has no plan to impose any tax on agriculture income," ...More

"I categorically state that the Central government has no plan to impose any tax on agriculture income," Jaitley said in a tweet. ...Less

Bibek Debroy felt that once the Centre implements the recommendations, it's 'impossible' for the states t ...More

Bibek Debroy felt that once the Centre implements the recommendations, it's 'impossible' for the states to hold back a hike in their employees' salaries. ...Less

States would have to plan themselves on urban development and smart city mission, and NITI Aayog would be ...More

States would have to plan themselves on urban development and smart city mission, and NITI Aayog would be a facilitator to them. ...Less

Debroy, in an exclusive chat with ET Online, said rating agencies have often rated developed countries mu ...More

Debroy, in an exclusive chat with ET Online, said rating agencies have often rated developed countries much higher than the ratings they deserve. ...Less

When the new body, headed by NITI Aayog member Bibek Debroy, meets for the first time today, its plate wi ...More

When the new body, headed by NITI Aayog member Bibek Debroy, meets for the first time today, its plate will be full. ...Less

Noting that role of private sector was already part of the government policy, Debroy said the panel has o ...More

Noting that role of private sector was already part of the government policy, Debroy said the panel has only endorsed it and was not a new recommendation. ...Less

Renowned economist Bibek Debroy, esteemed for his work on ancient Sanskrit texts and economic reforms, pa ...More

Renowned economist Bibek Debroy, esteemed for his work on ancient Sanskrit texts and economic reforms, passed away at 69. Known for his translations of the Mahabharata and Ramayana, he also contributed significantly to India's economic policies, including the integration of the Rail Budget with the Union Budget. ...Less

Bibek Debroy, a renowned economist and scholar with expertise ranging from economics to Sanskrit literatu ...More

Bibek Debroy, a renowned economist and scholar with expertise ranging from economics to Sanskrit literature, has passed away. As a member of the Economic Advisory Council to the Prime Minister, his intellectual presence and guidance will be deeply missed by colleagues, friends, and the author, Sanjeev Sanyal, who reflects on their invaluable interactions. ...Less

Debroy feels that the government was reluctant to implement reforms and that the current issue ailing the ...More

Debroy feels that the government was reluctant to implement reforms and that the current issue ailing the economy was rising expenditure. ...Less

The 8-member panel, headed by Debroy, has suggested constitution of a regulatory authority with quasi-jud ...More

The 8-member panel, headed by Debroy, has suggested constitution of a regulatory authority with quasi-judicial powers for turnaround in railways. ...Less

EAC-PM said govt should stick to its fiscal roadmap with continued emphasis on social sector intervention ...More

EAC-PM said govt should stick to its fiscal roadmap with continued emphasis on social sector interventions. ...Less

Apart from these two full-time members, the EAC-PM will have two part-time members as against three in th ...More

Apart from these two full-time members, the EAC-PM will have two part-time members as against three in the outgoing panel. ...Less

Bibek Debroy said that India's "huge population" can become an asset if it is properly channelled to fuel ...More

Bibek Debroy said that India's "huge population" can become an asset if it is properly channelled to fuel the growth of the country. ...Less

AIRF has maintained that the system will be destroyed if corporate houses are allowed to run train servic ...More

AIRF has maintained that the system will be destroyed if corporate houses are allowed to run train services as they will charge airlines-like erratic fare only to benefit the business houses. ...Less

At the release of the document, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman Bibek D ...More

At the release of the document, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman Bibek Debroy said that the country's annual per capita income will be over $10,000 if growth is maintained. ...Less

A PhD in Combustion Engineering, Saraswat played a very significant role in the development of the countr ...More

A PhD in Combustion Engineering, Saraswat played a very significant role in the development of the country's first Liquid Propulsion Engine, DEVIL. ...Less

The PM's remarks, are seen to be an important indicator of the kind of decisions his government may be co ...More

The PM's remarks, are seen to be an important indicator of the kind of decisions his government may be considering. ...Less

"The Budget is meant to create an enabling environment for entrepreneurship," Debroy said. ...More

"The Budget is meant to create an enabling environment for entrepreneurship," Debroy said. ...Less

The economy is expected to grow at 6.6 per cent in the current fiscal ending March 31, as per the second ...More

The economy is expected to grow at 6.6 per cent in the current fiscal ending March 31, as per the second advanced estimates of the Central Statistics Office (CSO), compared to 7.1 per cent in 2016-17. ...Less

Debroy further said, "It is presumed that Indian farmer is stupid. That is why he must be controlled by t ...More

Debroy further said, "It is presumed that Indian farmer is stupid. That is why he must be controlled by the government on production (of crops)." ...Less

Chairman of the Prime Minister's Economic Council Bibek Debroy said that the ongoing Covid-19 crisis has ...More

Chairman of the Prime Minister's Economic Council Bibek Debroy said that the ongoing Covid-19 crisis has flagged the issue of expenditure on health, and given the paucity of resources, a reprioritisation of public expenditure is required not only on health but also for decentralisation. ...Less

NITI Aayog Vice Chairman Suman Bery assumed the additional role of chairman of the Economic Advisory Coun ...More

NITI Aayog Vice Chairman Suman Bery assumed the additional role of chairman of the Economic Advisory Council to the Prime Minister (EAC-PM) approximately a month ago, succeeding Bibek Debroy, who passed away on November 1st. The EAC-PM provides economic advice to the Indian government, and its current members include notable economists and experts. ...Less

"The ideal GST is one that has a single rate, and it was meant to be revenue neutral. According to calcul ...More

"The ideal GST is one that has a single rate, and it was meant to be revenue neutral. According to calculations by the finance ministry when GST was first introduced, the average rate should be at least 17 per cent. But, the existing rate is 11.4 per cent. Because of GST, the government is losing revenue," the eminent economist said. ...Less

"Please understand these multiple rates are coming from... this desire to drive other ends through indire ...More

"Please understand these multiple rates are coming from... this desire to drive other ends through indirect tax policy and other concerns of the states," Debroy said. ...Less

"I resigned as part-time member of PMEAC on December 1," Bhalla said on social networking site Twitter. ...More

"I resigned as part-time member of PMEAC on December 1," Bhalla said on social networking site Twitter. ...Less

According to Debroy, the government's capital expenditure focus will continue in FY24 while setting aside ...More

According to Debroy, the government's capital expenditure focus will continue in FY24 while setting aside higher spending on social sectors including health and education. ...Less

Debroy said assets and liabilities of an enterprise can be delinked from those of individuals, which is e ...More

Debroy said assets and liabilities of an enterprise can be delinked from those of individuals, which is entirely a limited liability concept. ...Less

"There are various government initiatives. The government is trying to monitor specific projects, specifi ...More

"There are various government initiatives. The government is trying to monitor specific projects, specific investment proposals so that we have some hard data on jobs," he said. ...Less

Debroy has authored a chapter on corruption in soon to be released book Making of New India. ...More

Debroy has authored a chapter on corruption in soon to be released book Making of New India. ...Less

Talking about the issues related to land, Debroy said it is a contentious issue and it is very inefficien ...More

Talking about the issues related to land, Debroy said it is a contentious issue and it is very inefficiently used in India. "We don't have clear system of land titling." ...Less

Employees’ unions and the opposition parties reacted sharply, interpreting it as an attempt to privatise ...More

Employees’ unions and the opposition parties reacted sharply, interpreting it as an attempt to privatise Indian Railways in the name of liberalisation. ...Less

Railways should be given autonomy with the government having the role of only framing policy, according t ...More

Railways should be given autonomy with the government having the role of only framing policy, according to recommendations of a high-level committee. ...Less

According to Bibek Debroy, Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), Indi ...More

According to Bibek Debroy, Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), India is relatively well-performing in achieving Sustainable Development Goals (SDGs) compared to many developed nations. ...Less

Bengal has occupied the top position and Bihar languished at the bottom in the 'large states' category on ...More

Bengal has occupied the top position and Bihar languished at the bottom in the 'large states' category on the 'Index on Foundational Literacy and Numeracy' -- an indicator of literacy among children below 10 years. ...Less

"The Prime Minister's Office (PMO) has cleared the appointment of Ravi as part-time member of the EAC-PM, ...More

"The Prime Minister's Office (PMO) has cleared the appointment of Ravi as part-time member of the EAC-PM," a senior government official told. ...Less

"In 2047, India will probably move to the upper middle income category...Some states in India, at least i ...More

"In 2047, India will probably move to the upper middle income category...Some states in India, at least in PPP terms, are already in the high income category," he said at an event here. According to the World Bank's definition, a country with a per capita annual income of over USD 12,000 is considered as a higher-income nation. ...Less

The JLF has become a fixture on the calendars of literature enthusiasts. ET Panache picks sessions for vi ...More

The JLF has become a fixture on the calendars of literature enthusiasts. ET Panache picks sessions for visitors who may want to drop by and take away an idea or two. ...Less

Noted economist Bibek Debroy has resigned as Chancellor of the Gokhale Institute of Politics and Economic ...More

Noted economist Bibek Debroy has resigned as Chancellor of the Gokhale Institute of Politics and Economics, a day after the Bombay High Court extended interim relief to Vice-Chancellor Ajit Ranade. Debroy's resignation follows a court order allowing Ranade to remain in his post until October 7, challenging his earlier removal. ...Less

Bibek Debroy, a respected economist and chairman of the Economic Advisory Council to the Prime Minister, ...More

Bibek Debroy, a respected economist and chairman of the Economic Advisory Council to the Prime Minister, has died in New Delhi at age 69. He was known for his contributions to economics, translations of Indian epics, and insightful columns on policy and infrastructure. Debroy was nostalgic about his roots in Assam, now Meghalaya. ...Less

Bibek Debroy, the secretary general of North Indian industry chamber PHDCCI, has resigned following diffe ...More

Bibek Debroy, the secretary general of North Indian industry chamber PHDCCI, has resigned following differences with its top leadership on the way the chamber was run as well as on financial issues. ...Less

Noting that Goods and Services Tax (GST) is a work in progress, he said that when it was introduced, ther ...More

Noting that Goods and Services Tax (GST) is a work in progress, he said that when it was introduced, there were people who said the new indirect tax regime would lead to incremental GDP growth of 1.5-2 per cent. ...Less

Congress rebutted Debroy's statement that he left the RGICS over the Congress decision to vet its researc ...More

Congress rebutted Debroy's statement that he left the RGICS over the Congress decision to vet its research after it ranked Gujarat high in his papers. ...Less

Debroy also noted that ideally the central bank should intervene in the market but intervention by the RB ...More

Debroy also noted that ideally the central bank should intervene in the market but intervention by the RBI in the market is not without its cost side. ...Less

Debroy expects rupee to depreciate further on negative sentiment. Debroy sees the Q1 GDP growth data comi ...More

Debroy expects rupee to depreciate further on negative sentiment. Debroy sees the Q1 GDP growth data coming in at 4.8%. ...Less

"Consider the vaccination numbers India has achieved till the end of August 2021. Not very long ago, inte ...More

"Consider the vaccination numbers India has achieved till the end of August 2021. Not very long ago, international media had said such targets were impossible for a ‘poor country’ like India to achieve. Given such vaccination numbers, the adverse economic effect of a third wave will be much more limited." ...Less

The Goods and Services Tax (GST) regime in India has transformed fiscal federalism in the country, with s ...More

The Goods and Services Tax (GST) regime in India has transformed fiscal federalism in the country, with steady growth of GST revenue indicating the success of the reform, according to Bibek Debroy, Chairman of the Economic Advisory Council to the PM. Debroy proposed the construction of a GST Rate Index to track tax rate movements and their impact on tax collections and taxpayer behavior. He also highlighted the increase in GST revenue collections and the enhanced formalization of the economy under the GST regime. Indirect tax rates in India are among the lowest internationally. ...Less

The Economic Advisory Council to the Prime Minister (EAC-PM) clarified that an op-ed piece by its chairma ...More

The Economic Advisory Council to the Prime Minister (EAC-PM) clarified that an op-ed piece by its chairman Bibek Debroy, who had hinted at a new constitution, expressed his personal views and not the government's official stance. Debroy had said that India's current constitution was outdated, had a colonial legacy, and hinted at the need for a new constitution. ...Less

Debroy lamented that individually some citizens find easy way out, like paying bribe to a traffic cop aft ...More

Debroy lamented that individually some citizens find easy way out, like paying bribe to a traffic cop after jumping red light, and then complain about corruption. ...Less