I. G. Patel
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Indraprasad Gordhanbhai Patel | |
---|---|
Governor of Reserve Bank of India | |
In office 1 December 1977 – 15 September 1982 | |
Preceded by | M. Narasimham |
Succeeded by | Manmohan Singh |
Deputy Administrator of United Nations Development Programme | |
In office 1972–1977 | |
2nd Chief Economic Advisor to the Government of India | |
In office 1965–1967 | |
In office 1961–1963 | |
Personal details | |
Born | PhD) | 11 November 1924
Occupation | Economist Indian Economic Service[1][2] |
Signature | |
Indraprasad Gordhanbhai Patel (11 November 1924 – 17 July 2005),[3][4] popularly known as I. G. Patel, was an Indian economist and a civil servant who served as the fourteenth Governor of the Reserve Bank of India from 1 December 1977 to 15 September 1982.[5]
He served as Director of the London School of Economics, making him the first person of Indian origin to head a higher education institute in the United Kingdom. He also served as Chairperson of the Board of Governors from 1996 to 2001 at Indian Institute of Management Ahmedabad. He was well known for his formidable intellectual powers in the select company of central bankers and economic statesmen such as the "Committee of the Thirty" set up by the former German Chancellor Helmut Schmidt.[6]
He also served as Deputy Administrator at United Nations Development Programme headquarters in New York.
Education
Patel stood first in the
Career
Civil Service
He was a member of the Indian Economic Service and served in Government of India. He held the rank and post of Special Secretary in the Ministry of Finance and later Secretary to Government of India (Economic Affairs) in the Ministry of Finance.
Academic career
Patel returned to India and joined
In 1972 he became the Deputy Administrator of the
But again Patel was picked up to serve abroad. In 1984, he was chosen to be the Director of LSE, where he improved the school's finances and added several properties to its portfolio, as well as securing the freehold of the school's Old Building in Houghton Street. He had to handle student protest about LSE's investments in South Africa and their support of Winston Silcott, who had been convicted of the murder of a police officer in the Broadwater Farm riots in Tottenham. Patel handled both the situations with tact and firmness but also with a sympathetic understanding of students' concerns about racism. His initiatives, too, in setting up an innovative inter-departmental forum bore fruit in the Interdisciplinary Management Institute and the Development Studies Institute.
RBI Governor
The
In later life, he taught at the
Personal life
He married Alaknanda Dasgupta, daughter of renowned professor of economics Amiya Kumar Dasgupta and sister of renowned economist Sir Partha Dasgupta.
References
- ^ Srinivasa-Raghavan, T. C. A. (25 December 2015). "Modi and economics". Business Standard India. Business Standard. Retrieved 23 December 2016.
- ^ "Obituary: Dr I.G. Patel". Financial Times. 2 August 2005. Retrieved 23 December 2016.
- ^ "I. G. Patel Economic statesman and Director of LSE". The Independent. 20 July 2005. Retrieved 15 September 2008.
- ^ Dr Indraprasad Gordhanbhai Patel (1924-2005) Archived 22 July 2013 at the Wayback Machine London School of Economics and Political Science Retrieved 9 August 2013
- ^ "List of Governors". Reserve Bank of India. Archived from the original on 16 September 2008. Retrieved 8 December 2006.
- Independent.co.uk. 19 July 2005. Retrieved 24 September 2016.
- ^ "Dr I.G. Patel @ Archives".
- ^ "High Denomination Bank Notes (Demonetisation) Act, 1978". Taxmann.net. Retrieved 8 December 2006. [dead link]
- ^ "MANDATORY DISCLOSURE 2009-2010" (PDF). MAHARAJA SAYAJIRAO UNIVERSITY. Retrieved 8 February 2010.
- ^ "Time To Tune In To FM". Archived from the original on 29 December 2004. Retrieved 12 May 2010.
- ^ "Padma Vibhushan Awardees". National Portal of India, GOI. Archived from the original on 31 January 2008. Retrieved 15 September 2008.