C. Rangarajan | |
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Chairman of the Prime Minister's Economic Advisory Council | |
Assumed office August 2009-May 2014 |
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Member, Rajya Sabha | |
In office August 2008 – August 2009 |
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chairman of the Prime Minister's Economic Advisory Council | |
In office 2005–2008 |
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Succeeded by | Prof. Suresh D. Tendulkar |
Chairman of the Twelfth Finance Commission of India | |
In office 2003–2004 |
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Governor of Andhra Pradesh | |
In office 24 November 1997 – 3 January 2003 |
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Preceded by | Krishan Kant |
Succeeded by | Surjit Singh Barnala |
Governor of Reserve Bank of India | |
In office 22 December 1992 – November 1997 |
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Preceded by | S. Venkitaramanan |
Succeeded by | Dr. Bimal Jalan |
Member of Planning Commission of Government of India | |
In office 21 August 1991 – 21 December 1992 |
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Deputy Governor of Reserve Bank of India | |
In office 12 February 1982 – 20 August 1991 |
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Personal details | |
Nationality | Indian |
Political party | Independent |
Alma mater | University of Madras University of Pennsylvania |
Profession | Economist civil servant |
C. Rangarajan or Chakravarthi Rangarajan (born 1932) is an Indian economist and a distinguished former Member of Parliament and Ex-Governor of the Reserve Bank of India. He is the former Chairman of the Prime Minister's Economic Advisory Council, he resigned the day the UPA lost power. He is also the Chairman of the Madras School of Economics; President of the Indian Statistical Institute; the Founding Chairman of the CR Rao Advanced Institute of Mathematics, Statistics and Computer Science; and Chancellor of the University of Hyderabad.
Rangarajan, a student of National College (Tiruchirappalli) between 1947 and 1949, graduated from Loyola College of the University of Madras in the commerce stream (where he was a contemporary of the Yale University economics professor T N Srinivasan). He later received his PhD in economics from the University of Pennsylvania in 1964. His thesis was titled "Variability of Demand Deposits".
Rangarajan taught at several institutions including the University of Pennsylvania and the IIM-A. He was a well known teacher of economics at IIMA for the postgraduate and the doctoral courses.His textbook on macro economics was used in business management schools. 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 22 December 1992 and 21 December 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.