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Tag: EAC-PM

  • PM Modi’s Economic Council Chairman Bibek Debroy Dies At 69 | Economy News

    New Delhi: Noted economist and chairman of the Economic Advisory Council to the Prime Minister (EAC-PM) Dr Bibek Debroy died on Friday. 

    Debroy, 69, was earlier a member of the NITI Aayog and has held positions at prestigious institutions including the Centre for Policy Research and the National Council of Applied Economic Research.

    PM Modi, condoling Debroy’s death said that the prominent economist  has “left an indelible mark on India’s intellectual landscape.” 

    “Dr Debroy was a towering scholar, well-versed in diverse domains like economics, history, culture, politics, spirituality and more. Through his works, he left an indelible mark on India’s intellectual landscape. Beyond his contributions to public policy, he enjoyed working on our ancient texts, making them accessible to the youth,” the Prime Minister posted on X social media platform.

    Dr. Bibek Debroy Ji was a towering scholar, well-versed in diverse domains like economics, history, culture, politics, spirituality and more. Through his works, he left an indelible mark on India’s intellectual landscape. Beyond his contributions to public policy, he enjoyed… pic.twitter.com/E3DETgajLr


    — Narendra Modi (@narendramodi) November 1, 2024

    “I have known Dr Debroy for many years. I will fondly remember his insights and passion for academic discourse. Saddened by his passing away. Condolences to his family and friends. Om Shanti,” PM Modi added.

    Prior to joining the NITI Aayog (then called Planning Commission), Bibek Debroy served as the Chairman of the Railways Ministry’s high-powered committee on restructuring the country’s lifeline.

    In 2015, the veteran economist was awarded a Padma Shri. A year later, the US-India Business Summit awarded Debroy with the Lifetime Achievement Award.

    Debroy studied at Kolkata’s Presidency College and Delhi School of Economics, and went to the University of Cambridge on a Trinity College scholarship. There, he met his then supervisor, Frank Hahn, a noted British economist and under Hahn’s guidance, he worked on integrating information into a general equilibrium framework.

    With IANS Inputs

     

  • PM’s financial advisory panel proposes city activity ensure scheme

    Via Categorical Information Provider

    NEW DELHI: With source of revenue inequality within the nation changing into starker, the Financial Advisory Council to the Top Minister (EAC-PM) on Wednesday proposed imposing an city employment ensure scheme at the strains of the Mahatma Gandhi Nationwide Rural Employment Ensure Scheme (MGNREGS).

    The panel raised considerations over rising inequality as captured in The State of Inequality in India Record launched by means of it.The record mentioned the labour drive participation price within the nation used to be 51.5% in 2019-20, which used to be higher than the 49% in 2017-18. On the other hand, the participation price of the ones skilled until upper secondary over 3 years from 2017-18 to 2019-20 used to be considerably low at 40-43%.

    The clamour for an city jobs scheme has been rising louder lately with expanding source of revenue inequality and activity losses. Mavens mentioned an urban-focused employment ensure scheme will pass a ways in supporting intake.

    Speaking to this newspaper previous this yr, BJP MP and chairman of the parliamentary committee on finance Jayant Sinha had mentioned {that a} scheme like MGNREGA for city casual sector employees may well be designed with the assistance of virtual infrastructure that the federal government has already constructed.

    The EAC-PM additionally advisable that elevating minimal source of revenue and introducing a common fundamental source of revenue are one of the vital measures that may cut back the source of revenue hole and facilitate equivalent distribution of profits within the labour marketplace.