Dr Indraprasad Gordhanbhai Patel GCSI (11 November 1924 - 17 July 2005)[1] popularly known as I. G. Patel, was the fourteenth Governor of the Reserve Bank of India from 1 December 1977 to 15 September 1982.[2]
Patel was an economist and before joining the Reserve Bank as Governor had served as Secretary in the Ministry of Finance[1] and thereafter as Deputy Administrator at the UNDP[1]. After retiring from the Reserve Bank, Patel became the Director of The London School of Economics and Political Science (1984-1990)[1]. His distinguished directorship saw the school's reputation excel to being that of the finest economics school in the world, especially enhancing LSE in India, and Asia as a whole; according to Meghnad Desai, Baron Desai.
He was bestowed the Padma Vibhushan award in 1991 for his furthering of the field of economic science[3]. Indraprasad Gordhanbhai Patel was known as Baba 'IG' from his childhood days in Vadodara, then the capital of the princely state ruled by the Gaekwars of Baroda, where he was born. The current I.G. Patel chair is Nicholas Stern.
The Indian Rupee notes of 1000, 5000 and 10,000 denomination and the gold auctions were demonetised during his tenure (he later featured on a special commemorative 1000 rupee note). However, the 1000 notes had to be reintroduced later.[4]
| Government offices | ||
|---|---|---|
| Preceded by M. Narasimham |
Governor of RBI 1977 – 1982 |
Succeeded by Manmohan Singh |
| Educational offices | ||
| Preceded by Ralf Dahrendorf |
Director of the London School of Economics 1984 – 1990 |
Succeeded by John Ashworth |
References
- ^ a b c d "I. G. Patel". XXX. 2005-07-20. http://www.independent.co.uk/news/obituaries/i-g-patel-499433.html. Retrieved 2008-09-15.
- ^ "List of Governors". Reserve Bank of India. http://www.rbi.org.in/scripts/governors.aspx. Retrieved 2006-12-08.
- ^ "Padma Vibhushan Awardees". National Portal of India, GOI. http://india.gov.in/myindia/padmavibhushan_awards_list1.php. Retrieved 2008-09-15.
- ^ "High Denomination Bank Notes (Demonetisation) Act, 1978". Taxmann.net. http://www.taxmann.net/Bankinglaws/Banking%20Manual/Fourteen/CONT14.htm. Retrieved 2006-12-08.
 |
This biography of an Indian economist is a stub. You can help Wikipedia by expanding it. |
This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)
