Indian banking, central banking, and the economy
Dr IG Patel’s tenure as Deputy Economic Adviser lasted from 1954 to 1959. By then, the first five year plan was already in progress. The work on the second plan had started. In the third part on IG’s life, we discuss a few major developments and other anecdotes. A detailed discussion on the second plan follows in another post. Continue reading “IG Patel as Deputy Economic Adviser”
On the occasion of Dr IG Patel’s centenary, I gave an overview of his life and career (see here). I promised to elaborate in different parts. In the first part (see here), I covered IG’s early life and education. We concluded the first part by referring to IG being seconded to the International Monetary Fund as part of efforts to train young economists who could come back and serve the Government of India. In this second part, I discuss his time at the IMF. At the end, I narrate about his getting to know in Washington, D.C., a Bengali family from Dacca in present-day Bangladesh. Continue reading “IG Patel: IMF and a Bengali family”
Monday, 11 November 2024, marks the centenary of Dr IG Patel. In my blog on Substack (see here), I gave an overview of his life, career, and achievements. I suggest that you read that before continuing here. At the end of that post, I promised to cover different aspects of his life in greater detail. In this first part, I cover Dr IG Patel’s early life and education. Continue reading “IG Patel: Early life and education”
The youngest and the only Governor of the Reserve Bank of India to die in office, James Taylor spent almost his entire career in the cause of central banking in India for around two decades. In that sense, he was India’s first real central banker.
Like a flower, he comes forth and withers.
Job 14:2
He also flees like a shadow and does not remain.
Continue reading “In search of Sir James Taylor”
“…appreciation of a garden lies not with the gardener but with the observer of the many gardens I have cultivated.”
C.D. Deshmukh, The Course of My Life.
If one were to walk down from Churchgate in South Mumbai, towards Mantralaya, along the Jamshetji Tata Road, the third round is Deshmukh Chowk. It is named after Chintaman Dwarakanath Deshmukh, the third Governor of the Reserve Bank of India and India’s third Finance Minister. There could be two claimants to getting the roundabout so named after Deshmukh. Continue reading “Roses and Magnolias: Deshmukh’s Lovely Gardens”