C. Rangarajan
Encyclopedia
C. Rangarajan(Tamil
:சக்கரவர்த்தி ரங்கராஜன்) (born 1932) is an Indian economist and a distinguished former Member of Parliament and Governor of the Reserve Bank of India. Currently, he is the Chairman of the Prime Minister's Economic Advisory Council
. He is also the Chairman of the Madras School of Economics
, and the Founding Chairman of the CR Rao Advanced Institute of Mathematics, Statistics and Computer Science
.
in the commerce stream (where he was a contemporary of the Yale University
economics
professor T N Srinivasan). He later took Ph.D.
in economics from the University of Pennsylvania
in 1964; the subject of his doctoral thesis is not presently available in the public domain.
and the IIM-A where he also served as the Director. He was awarded the title of Honorary Fellow of IIM-A in 1997.
In 2002, the Government of India
awarded him the Padma Vibhushan
, India's second highest civilian award.
He served as a Deputy Governor of the Reserve Bank of India from 1982 to 1991, after which he served as the Governor
of the Reserve Bank of India
between December 22, 1992 and December 21, 1997. He also served as the Governor of Andhra Pradesh from 24 November 1997 to 3 January 2003. After demitting that office, he took charge as the Chairman of the Twelfth Finance Commission.
From 2005 onwards, he was the Chairman of the Prime Minister's Economic Advisory Council
. In August 2008, he resigned as the Chairman of the Prime Minister's Economic Advisory Council
and was nominated as a member of the Rajya Sabha.
He resigned from the Rajya Sabha in August 2009 and was re-appointed the Chairman of the Prime Minister's Economic Advisory Council
.
While serving as the governor of Andhra Pradesh
, he also received additional charges as governor of Orissa
from 1998 to 1999 and as governor of Tamil Nadu
from 2001 to 2002.
Tamil language
Tamil is a Dravidian language spoken predominantly by Tamil people of the Indian subcontinent. It has official status in the Indian state of Tamil Nadu and in the Indian union territory of Pondicherry. Tamil is also an official language of Sri Lanka and Singapore...
:சக்கரவர்த்தி ரங்கராஜன்) (born 1932) is an Indian economist and a distinguished former Member of Parliament and Governor of the Reserve Bank of India. Currently, he is the Chairman of the Prime Minister's Economic Advisory Council
Economic Advisory Council
Economic Advisory Council to the Prime Minister of India is a non-constitutional, non-permanent and independent body constituted to give economic advise to the Government of India, specifically the Prime Minister. The council serves to highlight key economic issues facing the country to the...
. He is also the Chairman of the Madras School of Economics
Madras School of Economics
The Madras School of Economics is an institution of higher education in economics, located in Chennai, India. Affiliated with Anna University, it offers master's and doctoral programs in economics and financial economics....
, and the Founding Chairman of the CR Rao Advanced Institute of Mathematics, Statistics and Computer Science
CR Rao Advanced Institute of Mathematics, Statistics and Computer Science
CR Rao Advanced Institute of Mathematics, Statistics and Computer Science was founded in 2007 as a leading institute for basic research in statistics, computer science and mathematics. It is located on the campus of the University of Hyderabad and construction is underway.It is named after CR Rao,...
.
Early life
Rangarajan graduated from the prestigious Loyola College of the University of MadrasUniversity of Madras
The University of Madras is a public research university in Chennai, Tamil Nadu, India. It is one of the three oldest universities in India...
in the commerce stream (where he was a contemporary of the Yale University
Yale University
Yale University is a private, Ivy League university located in New Haven, Connecticut, United States. Founded in 1701 in the Colony of Connecticut, the university is the third-oldest institution of higher education in the United States...
economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
professor T N Srinivasan). He later took Ph.D.
Ph.D.
A Ph.D. is a Doctor of Philosophy, an academic degree.Ph.D. may also refer to:* Ph.D. , a 1980s British group*Piled Higher and Deeper, a web comic strip*PhD: Phantasy Degree, a Korean comic series* PhD Docbook renderer, an XML renderer...
in economics from the University of Pennsylvania
University of Pennsylvania
The University of Pennsylvania is a private, Ivy League university located in Philadelphia, Pennsylvania, United States. Penn is the fourth-oldest institution of higher education in the United States,Penn is the fourth-oldest using the founding dates claimed by each institution...
in 1964; the subject of his doctoral thesis is not presently available in the public domain.
Career
Rangarajan taught at several institutions including the University of PennsylvaniaUniversity of Pennsylvania
The University of Pennsylvania is a private, Ivy League university located in Philadelphia, Pennsylvania, United States. Penn is the fourth-oldest institution of higher education in the United States,Penn is the fourth-oldest using the founding dates claimed by each institution...
and the IIM-A where he also served as the Director. He was awarded the title of Honorary Fellow of IIM-A in 1997.
In 2002, the Government of India
Government of India
The Government of India, officially known as the Union Government, and also known as the Central Government, was established by the Constitution of India, and is the governing authority of the union of 28 states and seven union territories, collectively called the Republic of India...
awarded him the Padma Vibhushan
Padma Vibhushan
The Padma Vibhushan is the second highest civilian award in the Republic of India. It consists of a medal and a citation and is awarded by the President of India. It was established on 2 January 1954. It ranks behind the Bharat Ratna and comes before the Padma Bhushan...
, India's second highest civilian award.
He served as a Deputy Governor of the Reserve Bank of India from 1982 to 1991, after which he served as the Governor
Governor
A governor is a governing official, usually the executive of a non-sovereign level of government, ranking under the head of state...
of the Reserve Bank of India
Reserve Bank of India
The Reserve Bank of India is the central banking institution of India and controls the monetary policy of the rupee as well as US$300.21 billion of currency reserves. The institution was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of...
between December 22, 1992 and December 21, 1997. He also served as the Governor of Andhra Pradesh from 24 November 1997 to 3 January 2003. After demitting that office, he took charge as the Chairman of the Twelfth Finance Commission.
From 2005 onwards, he was the Chairman of the Prime Minister's Economic Advisory Council
Economic Advisory Council
Economic Advisory Council to the Prime Minister of India is a non-constitutional, non-permanent and independent body constituted to give economic advise to the Government of India, specifically the Prime Minister. The council serves to highlight key economic issues facing the country to the...
. In August 2008, he resigned as the Chairman of the Prime Minister's Economic Advisory Council
Economic Advisory Council
Economic Advisory Council to the Prime Minister of India is a non-constitutional, non-permanent and independent body constituted to give economic advise to the Government of India, specifically the Prime Minister. The council serves to highlight key economic issues facing the country to the...
and was nominated as a member of the Rajya Sabha.
He resigned from the Rajya Sabha in August 2009 and was re-appointed the Chairman of the Prime Minister's Economic Advisory Council
Economic Advisory Council
Economic Advisory Council to the Prime Minister of India is a non-constitutional, non-permanent and independent body constituted to give economic advise to the Government of India, specifically the Prime Minister. The council serves to highlight key economic issues facing the country to the...
.
While serving as the governor of Andhra Pradesh
Andhra Pradesh
Andhra Pradesh , is one of the 28 states of India, situated on the southeastern coast of India. It is India's fourth largest state by area and fifth largest by population. Its capital and largest city by population is Hyderabad.The total GDP of Andhra Pradesh is $100 billion and is ranked third...
, he also received additional charges as governor of Orissa
Orissa
Orissa , officially Odisha since Nov 2011, is a state of India, located on the east coast of India, by the Bay of Bengal. It is the modern name of the ancient nation of Kalinga, which was invaded by the Maurya Emperor Ashoka in 261 BC. The modern state of Orissa was established on 1 April...
from 1998 to 1999 and as governor of Tamil Nadu
Tamil Nadu
Tamil Nadu is one of the 28 states of India. Its capital and largest city is Chennai. Tamil Nadu lies in the southernmost part of the Indian Peninsula and is bordered by the union territory of Pondicherry, and the states of Kerala, Karnataka, and Andhra Pradesh...
from 2001 to 2002.