Diabytes
Bibek Debroy News
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Modi shared his condolences and described Debroy as a "towering scholar" with expertise in various fields including economics, history and spirituality.
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Bibek Debroy wrote several books, articles and was also a consulting/contributing editor with several newspapers.
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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.
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Farm reforms in India are pending even today since 1991, while neighbouring China implemented them way back in 1978, said Bibek Debroy.
Bibek Debroy is Chairman of Prime Minister's Economic Advisory Council's (PMEAC).
The reforms undertaken in India in 1991 were pertaining to external factors and industrial liberalisation, and were not related to agriculture, he said.
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According to recent RBI data, bad loans of public sector banks stood at Rs 7.34 lakh crore by the end of second quarter this fiscal.
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PM's Economic Advisory Council chairman Bibek Debroy on Thursday welcomed the announcements made in the Union Budget 2018-19.
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The per capita income in India by 2030 will however be just USD 4,000, still less than many other countries, he said.
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The Council also laid out a road map for stepping up job creation, skill development and recommended enhanced resource investment in social sectors including health and education.
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Niti Aayog's Bibek Debroy also says demonetisation should not be seen through a narrow cost-benefit calculus but as a move aimed at "institutional cleansing".
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The Council, which met for the first time today, has identified ten themes, including economic growth and job creations, that need attention.
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The Council will address all issues of emergent importance, will engage with a broad spectrum of stakeholders and formulate advice accordingly.
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The Council held a brainstorming session with stakeholders yesterday in the run up to its first meeting on Wednesday, an official statement said today.
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Other members of the Economic Advisory Council constituted by PM Modi are Surjit Bhalla, Rathin Roy, Ashima Goyal and Ratan Watal.
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Finance Minister Arun Jaitley has said the government has no plans to tax agricultural income, including that of prosperous farmers, saying a rich farmer is "a very rare institution" and not the norm.
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Jaitley said that as per the constitutional allocation of powers, the central government has no jurisdiction to impose tax on agricultural income.
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NITI Aayog member Bibek Debroy on Tuesday made a strong case for removal of exemptions on personal income tax and bringing agriculture under the tax net with a view to increasing the resources of state.
NITI Aayog member Bibek Debroy on Saturday said India is still relatively a poor country and a mere change in the government will not change the situation in the country.
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The 92-year-old tradition of a separate Rail Budget is likely to become a thing of the past with a committee to finalise the modalities for its merger with the General Budget submitting its report to the Finance Ministry.
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Country is unlikely to see many greenfield or privately developed cities in the future as most of the efforts would be on revamping existing urban areas, said NITI Aayog Member Bibek Debroy.
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