Bimal Jalan

Bimal Jalan (born August 17, 1941) is a former Governor of India's Reserve Bank and a nominated member of the Upper House of India's Parliament, the Rajya Sabha during 2003–2009.^[1]

Education and career

Jalan graduated from Presidency College, Calcutta, and later attended Cambridge and Oxford but no further detail as to his course of study is known publicly.

Jalan held several administrative and advisory positions in the Government of India, namely, Chief Economic Adviser in the 1980s, Banking Secretary between 1985 and 1989 and Finance Secretary, Ministry of Finance. As Finance Secretary, he was also on the Central Board of Directors of the Reserve Bank of India. He has also been the Chairman of the Economic Advisory Council to the Prime Minister between January 1991 and September 1992. In 1992-93 and then from 1998-2008, Jalan was the President of the Governing Body of NCAER, the National Council of Applied Economic Research in New Delhi, India's first independent economic policy institute established in 1956. Jalan has served as the Executive Director representing India on the Boards of the International Monetary Fund and the World Bank. At the time of his appointment as the Governor of the Reserve Bank, Jalan was the Member-Secretary, Planning Commission in New Delhi.

He was the Governor of Reserve Bank of India for two terms. The Government of India reappointed Jalan as Governor of the Reserve Bank of India, first for a period of two years commencing November 22, 2000 to November 21, 2002 and again for a further period of two years commencing from November 22, 2002 and ending November 21, 2004. He was succeeded by Y. Venugopal Reddy on September 6, 2003.^[2] During his tenure the Indian Rupee note of 1000 denomination was introduced.^[3] He is the writer of many books such as "The Future of India", "India's Politics: A View from the Backbench","The Future Of India: Politics, Economics, And Governance","The Indian Economy: Problems And Prospects", "India's Economic Policy","Emerging India: Economics, Politics and Reforms" and "India's Economic Crisis: The Way Ahead".^[4]

Selected works

• India's Economic Crisis: The Way Ahead (Oxford University Press, 1991)
• The Indian Economy: Problems and Prospects (editor) (Penguin, 1993).
• India's Economic Policy: Preparing for the Twenty-first Century (Viking, 1996) examines some of the critical policy choices for India at the present juncture.
• The Future of India Politics, Economics and Governance (Penguin, 2005).
• India's Politics: A view from the backbench (Penguin-Viking, 2007).

References

v t e Governors of the Reserve Bank of India Osborne Smith (1935–37) James Braid Taylor (1937–43) C. D. Deshmukh (1943–49) Benegal Rama Rau (1949–57) K. G. Ambegaonkar (1957–57) H. V. R. Iyengar (1957–62) P. C. Bhattacharya (1962–67) Lakshmi Kant Jha (1967–70) B. N. Adarkar (1970–70) S. Jagannathan (1970–75) N. C. Sen Gupta (1975–75) K. R. Puri (1975–77) M. Narasimham (1977–77) I. G. Patel (1977–82) Manmohan Singh (1982–85) Amitav Ghosh (1985–85) R. N. Malhotra (1985–90) S. Venkitaramanan (1990–92) C. Rangarajan (1992–97) Bimal Jalan (1997–2003) Y. Venugopal Reddy (2003–08) Duvvuri Subbarao (2008–13) Raghuram Rajan (2013–present)