|Noted economist Shankar Acharya receiving 1st Vijay Kelkar Award for excellence in public finance from Union Minister of Minority Affairs Najma Heptulla.|
Acharya, who has been instrumental in formulating and implementing many reform policies that helped transform the country, served as the Chief Economic Adviser to the Government of India from 1993 to 2001 – having served five Prime Minister.
Delhi-based think-tank Skoch Group has instituted the Vijay Kelkar Award in honour of Eminent Economist and Former Chairman of 13th Finance Commission Vijay L Kelkar.
“Shankar Acharya has been the conscious keeper of the government… he has guided the country at the time of several great difficulties including economic sanctions and Asian economic crisis,” Kelkar said while addressing the ceremony.
Acharya, who is currently Honorary Processor, ICRIER, is fondly remembered as the architect of Yashwant Sinha’s historical budget laying the foundation of long-term fiscal policy and reforms.
Even after he left government service he continues to be strong proponent of economic reforms and responsible public finance management that would yield high growth rates lift millions out of poverty and betters India’s human development indices year after year.
“Shankar Acharya’s deep concern for inclusive and equitable growth was evident in his espousal of economic reforms with prudent fiscal management in the formative phases of India’s post-liberalisation era,” Sameer Kochhar, Chairman, Skoch Group, said.
Kochhar said Acharya’s long record of championing in and out of government for reforms with a human face stands him out.
Lauding Acharya’s contribution, Debroy said he has not only been an outstanding public servant and economist but also a great human being.
“He was my boss in the Finance Ministry. As a boss, as a human being Mr Acharya is an outstanding person,” Debroy added.
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