Tag: Imperial Bank of India

IG Patel as Deputy Economic Adviser

As the Chairman of the Planning Commission, Prime Minister Nehru signs the draft first five year plan in 1951. To his right is Gulzarilal Nanda, Deputy Chairman. Behind Nanda is RK Patil (ICS, 1931), Member, who resigned from the service in 1943 for social work. Partially covered behind him is probably N Raghavan Pillai (ICS,1922), Cabinet Secretary and ex-officio Secretary to the Commission. To his right is Tarlok Singh, the Deputy Secretary, who served for long on the Commission earning it the moniker, Tarlok Sabha. Behind him is a young KN Raj, 27, who prepared the draft. To Nehru’s left are, in that order, CD Deshmukh, Finance Minister and Member, GL Mehta, later Indian Ambassador to the US (1952-58), and VT Krishnamachari, who we meet again and will encounter again.

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”

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Answers to RBI Quiz 2022

The long answers to RBI Quiz 2022 are given below: Continue reading “Answers to RBI Quiz 2022”

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Year-end Quiz 2022

Quiz 2022, like last year, focuses on central banking in India.

Reserve Bank of India, Chennai, around 1960, when the building was inaugurated.

There is a prize, like last year, for the first person to answer all questions correctly. The details are in my substack post. Participation in the quiz is open to those who were following me on substack at gsreekumar.substack.com as on 31 December 2022. Continue reading “Year-end Quiz 2022”

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