Bibek Debroy, Economist and PM Advisor, Passes Away

04 Nov 2024 CW Team

Bibek Debroy, the renowned economist and chairman of the Prime Minister's Economic Advisory Council (EAC-PM), has passed away at the age of 68. A highly influential figure in India’s economic policy landscape, Debroy made significant contributions to economic reforms, policy analysis, and public administration.

With a career spanning decades, Debroy was known for his work in areas like taxation, infrastructure, and economic liberalization. He served in various academic and advisory roles, contributing extensively to institutions like the Centre for Policy Research and the National Council of Applied Economic Research. As chairman of the EAC-PM, he provided strategic guidance on key economic issues, supporting the government in formulating policies that bolstered growth, innovation, and fiscal responsibility.

Debroy was also an accomplished scholar, publishing several books and papers on topics ranging from Indian epics to economics and public policy. His work bridged the gap between traditional knowledge and modern economic thought, emphasizing a holistic approach to development.

His passing is a significant loss to India’s academic and economic policy communities, as he leaves behind a legacy of intellectual rigor, reformative thinking, and dedication to national development.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..