Assam economist Dr Jayanta Madhab passes away



Renowned economist Dr Jayanta Madhab passed away at a private hospital in Guwahati, Assam on Sunday midnight following a prolonged illness. He was 91.

Dr Madhab who had studied at the London School of Economics was the first chairman of the North Eastern Development Finance Corporation Limited (NEDFi) and was also the economic advisor to the Assam Government.

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In a condolence message, Chief Minister Sarbananda Sonowal said that with the death of Dr Jayanta Madhab, a former director of the Asian Development Bank, the state has lost an economist who by dint of his sheer expertise in economics helped the state in taking a slew of measures on the economic and financial affairs.

“He took a crucial role in empowering NEDFi, and as a chairman of the organisation, he helped bring financial discipline besides envisioning growth-centric policies. His death is an irreparable loss to the economic and financial spectrum of the state,” the Chief Minister stated.

Sonowal also expressed his sympathy to the members of the bereaved family.

He further asked the state Chief Secretary to complete the last rites of Dr Madhab with full state honours.