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Father's Name : Shri Gurmukh Singh
Mother's Name : Shrimati Amrit Kaur
Date of Birth : 26 September 1932
Place of Birth : Gah (West Punjab)
Marital Status : Married on 14 September 1958
Spouse's Name : Shrimati Gursharan Kaur
Children : Three daughters
Educational Qualifications :
M.A., D.Phil (Oxford), D.Litt. (Honoris Causa) Educated at Universities of Panjab, Cambridge and Oxford
Profession : Professor and Civil Servant
Positions Held :
1971-72 Economic Advisor, Ministry of Foreign Trade, India 1972-76 Chief Economic Advisor, Ministry of Finance, India 1976-80 Director, Reserve Bank of India Director, Industrial Development Bank of India Alternate Governor for India, Board of Governors, Asian Development Bank, Manila Alternate Governor for India, Board of Governors, I.B.R.D. Nov. 1976 - April 1980 Secretary, Ministry of Finance (Department of Economic Affairs), Government of India Member, Finance, Atomic Energy Commission, Government of India Member, Finance, Space Commission, Government of India April 1980-15 Sept. 1982 Member-Secretary, Planning Commission 1980-83 Chairman, India Committee of the Indo-Japan Joint Study Committee 16 Sept. 1982-14 Jan. 1985 Governor, Reserve Bank of India 1982-85 Alternate Governor for India, Board of Governors, I.M.F. 1983-84 Member, Economic Advisory Council to the Prime Minister 1985 President, Indian Economic Association 15 Jan. 1985-31 July 1987 Deputy Chairman, Planning Commission 1 Aug. 1987-10 Nov. 1990 Secretary-General and Commissioner, South Commission, Geneva 10 Dec. 1990-14 March 1991 Advisor to the Prime Minister of India on Economic Affairs 15 March 1991-20 June 1991 Chairman, U.G.C. 21 June 1991-15 May 1996 Union Finance Minister Oct. 1991 Elected to Rajya Sabha 1991-95 Governor for India on the Board of Governors of the I.M.F. and the International Bank for Reconstruction and Development June 1995 Re-elected to Rajya Sabha 1996 onwards Member, Consultative Committee for the Ministry of Finance 1 Aug. 1996-4 Dec. 1997 Chairman, Parliamentary Standing Committee on Commerce 21 March 1998 onwards Leader of the Opposition, Rajya Sabha 5 June 1998 onwards Member, Committee on Finance 13 Aug. 1998 onwards Member, Committee on Rules 13 Aug. 1998-2001 Member, Committee of Privileges 2000 onwards Member, Executive Committee, Indian Parliamentary Group June 2001 Re-elected to Rajya Sabha Aug. 2001 onwards Member, General Purposes Committee
Books Published :
Author of a book entitled "India's Export Trends and Prospects for Self-Sustained Growth" Clarendon Press, Oxford University, 1964; also published a large number of articles in various economic journals
Social and Cultural Activities, Literary, Artistic and Scientific Accomplishments and other Special Interests :
Recipient of honorary degrees of D.Litt. from Panjab University, Chandigarh, Guru Nanak University, Amritsar, Delhi University, Delhi, Sri Venkateshwara University, Tirupathi, Panjabi University, Patiala, University of Mysore, Mysore, University of Bologna, Italy, Kurukshetra University, Kurukshetra, Osmania University, Hyderabad, Nagarjuna University, Nagarjunanagar and Dr. Bhimrao Ambedkar University, Agra; recipient of honorary degree of (i) Doctor of Laws from University of Alberta, Edmonton, Canada, (ii) Doctor of Social Sciences from University of Roorkee, Roorkee, (iii) D.Sc. from Chaudhary Charan Singh Haryana Agricultural University, Hissar, (iv) Thapar Institute of Engineering and Technology, Patiala, (v) H.H. Kanchi Sri Parmacharya Award for Excellence, 1999 and (vi) Annasaheb Chirmule Award, 2000; Conferred, (i) University Medal for standing first in B.A.(Hons.), Economics, Panjab University, Chandigarh, 1952, (ii) Uttar Chand Kapur Medal, Panjab University, Chandigarh, for standing first in M.A.(Economics) 1954, (iii) Wright's Prize for distinguished performance at St. John's College, Cambridge, 1955 and 1957, (iv) Adam Smith Prize, University of Cambridge, U.K., 1956, (v) Padma Vibhushan, 1987, (vi) Euromoney Award, Finance Minister of the Year, 1993 (vii) Asiamoney Award, Finance Minister of the Year for Asia, 1993 and 1994, (viii) Jawaharlal Nehru Birth Centenary Award of the Indian Science Congress Association, 1994-95, (ix) Justice K.S. Hegde Foundation Award, 1996, (x) Nikkei Asia Prize for Regional Growth by the Nihon Keizai Shimbun, Inc. (N.I.K.K.E.I.), publisher of Japan's leading business daily,1997 and (xi) Lokmanya Tilak Award by the Tilak Smarak Trust, Pune, 1997
Other Information :
Elected, Wrenbury Scholar, University of Cambridge, 1957; Senior Lecturer, Economics, 1957-59; Reader, Economics, 1959-63; Professor, (i) Economics, Panjab University, Chandigarh, 1963-65 and (ii) International Trade, Delhi School of Economics, University of Delhi, 1969-71; Honorary Professor, (i) Jawaharlal Nehru University, New Delhi, 1976 and (ii) Delhi School of Economics, University of Delhi, 1996; Economic Affairs Officer, 1966 and Chief, Financing for Trade Section, U.N.C.T.A.D., United Nations Secretariat, New York, 1966-69; Deputy for India in I.M.F. Committee of Twenty on International Monetary Reform, 1972-74; participated in Commonwealth Prime Ministers' Meeting, Kingston, 1975; Associate, Meetings of I.M.F. Interim Committee and Joint Fund-Bank Development Committee, 1976-80 and 1982-85; Fellow of the National Academy of Agricultural Sciences, New Delhi since 1999; National Fellow, National Institute of Education, N.C.E.R.T.,1986; Honorary Fellow, (i) St. John's College, Cambridge, U.K., 1982, (ii) Indian Institute of Bankers, 1982 (iii) All India Management Association, 1993 and (iv) Nuffield College, University of Oxford, Oxford,1994; Leader, Indian Delegation to (i) Aid-India Consortium Meetings, 1977-79, (ii) Indo-Soviet Joint Planning Group Meeting, 1980-82, (iii) Indo-Soviet Monitoring Group Meeting, 1982, (iv) Commonwealth Heads of Government Meeting, Cyprus, 1993 and (v) Human Rights World Conference, Vienna, 1993; attended as member of Indian delegations (i) Meeting of U.N.C.T.A.D. Trade and Development Board, Geneva, May 1971-July 1972, (ii) Ministerial Meeting of Group of 77, Lima, October, 1971, (iii) Third Session of U.N.C.T.A.D., Santiago, April-May, 1972, (iv) Annual Meetings of I.M.F., I.B.R.D. and Commonwealth Finance Ministers, 1972-79, (v) Aid-India Consortium Meetings, Paris, 1973-79, (vi) Cancun Summit on North-South Issues, 1981 and (vii) South-South Consultations, New Delhi, 1982; represented Secretary-General, U.N.C.T.A.D., at several Inter-Governmental meetings, including Second Session of U.N.C.T.A.D., 1968 and Committee on Invisibles and Financing related to Trade Consultant to U.N.C.T.A.D., E.S.C.A.P. and Commonwealth Secretariat