The Bibek I knew
Business Standard|November 02, 2024
It was the early 2000s when I was setting up an economics research practice.
LAVEESH BHANDARI
The Bibek I knew

Driven by necessity I was knocking door to door for work. On my brother's reference, I called Bibek Debroy for outsourced research. He spoke to me for all of five minutes and offered to give me some data work ranking the states of India. The Rajiv Gandhi Institute for Contemporary Studies (RGICS) would publish it and Bibek and I would co-author it. And he would give me some advance and the rest on completion. We had a meeting soon after and figured out a methodology and variables and structure, etc. And I was out of his office in just 15 minutes. A few weeks later I was back in his office with printouts of state-level data. Gujarat was coming on top in my ranking. I had validated the numbers, the sources, and the methods, and had even done sensitivity analyses. There were no mistakes there.

The questions on my mind were: Will Bibek ask me to change the method, or the weighting schema? Would he remove his name from this study? Or would he ask me to abandon the study? How could the head of the RGICS co-author a paper ranking post-Godhra Gujarat as the topmost? Again it took Bibek all of 15 minutes, or perhaps it was 10, to clear the confusion. "We will go with what you have, and we will publish with no change in results. Are you OK with that?" he asked me. I did not realize at that time, neither did Bibek perhaps, his RGICS days would soon be over.

This story is from the November 02, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the November 02, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESS STANDARDView All
Business Standard

EVALUATING FUND PERFORMANCE Exit a fund only if underperformance persists for 8 quarters

During her annual portfolio review, Mignonne D'Souza (name changed on request), a 44-year-old content writer based in Mumbai, found that four of her seven mutual funds had outperformed, while three lagged behind their benchmarks. D'Souza is wondering if she should stick to these funds or exit them.

time-read
2 mins  |
December 20, 2024
Zomato serves up mcap bigger than Tata Motors, Bajaj
Business Standard

Zomato serves up mcap bigger than Tata Motors, Bajaj

Stock could be a 'potential doubler in three to four years'

time-read
2 mins  |
December 20, 2024
Business Standard

'PARRVA' introduced for verification of risk-return metrics

In a bid to clamp down on individuals and entities making lofty return claims, the Securities and Exchange Board of India (Sebi) has introduced a \"Past Risk and Return Verification Agency\" (PaRRVA), which will be tasked to verify the risk-return metrics of services offered by investment advisors, research analysts (RAS), algorithmic trading platforms, and other such entities.

time-read
1 min  |
December 20, 2024
Business Standard

Regulator brings in new rule to address NFO mis-selling

The Securities and Exchange Board of India (Sebi) has introduced a new rule aimed at putting a stop to unnecessary portfolio churn by distributors to pocket higher commissions, amid rising asset mobilisation through the new fund offer (NFO) route.

time-read
1 min  |
December 20, 2024
Business Standard

Core acquisition adds to Metropolis' long-term growth plans

Metropolis Healthcare (MHL) has decided to acquire a 100 per cent stake in Gurgaon-based Core Diagnostics for ₹247 crore.

time-read
2 mins  |
December 20, 2024
Euro Pratik eyes ₹700-1,000 cr public offer
Business Standard

Euro Pratik eyes ₹700-1,000 cr public offer

Euro Pratik, a prominent player in the decorative wall panel industry, is set to file draft papers with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) worth ₹700-1,000 crore, sources familiar with the matter said on Thursday.

time-read
1 min  |
December 20, 2024
Nifty may trade in 25K-28K range in 2025: Smallcase
Business Standard

Nifty may trade in 25K-28K range in 2025: Smallcase

The benchmark Nifty50 index may move in the range 25,000-28,000 next year, according to a survey conducted by Smallcase of 150 managers on its investment platform. The Nifty on Thursday closed at 23,951.

time-read
1 min  |
December 20, 2024
Business Standard

IKS Health surges 48% on debut

BOOSTER DOSE

time-read
1 min  |
December 20, 2024
Business Standard

Moderate return expectations for '25: HDFC Securities

Domestic brokerage HDFC Securities has told investors to moderate return expectations amidst elevated valuations.

time-read
1 min  |
December 20, 2024
Expensive valuations to keep mkts volatile
Business Standard

Expensive valuations to keep mkts volatile

Domestic equities have seen selloff this week amid weakening rupee

time-read
1 min  |
December 20, 2024