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|20th Governor of Reserve Bank of India|
|Preceded by||Dr. C Rangarajan|
|Succeeded by||Dr. Y Venugopal Reddy|
17 August 1941 |
Sadulpur, Rajasthan, British India
|Residence||Kolkata (west bengal)|
|Education||Presidency College, Calcutta|
|Known for||Governor of Reserve Bank of India|
Education and career
Jalan held several administrative and advisory positions in the Government of India, namely, Chief Economic Adviser in the 1980s, Banking Secretary between 1985 and 1989 and Finance Secretary, Ministry of Finance between January 1991 and September 1992. In 1992-93 and then from 1998-2008, Jalan was the President of the Governing Body of NCAER, the National Council of Applied Economic Research in New Delhi, India's first independent economic policy institute established in 1956. He is also the President of the governing council of Centre for Development Studies, Thiruvananthapuram. Jalan has served as the Executive Director representing India on the Boards of the International Monetary Fund and the World Bank. At the time of his appointment as the Governor of the Reserve Bank, Jalan was the Member-Secretary, Planning Commission in New Delhi.
He was the Governor of Reserve Bank of India for two terms. The Government of India reappointed Jalan as Governor of the Reserve Bank of India, first for a period of two years commencing 22 November 2000 to 21 November 2002 and again for a further period of two years commencing from 22 November 2002 and ending 21 November 2004. He was succeeded by Y. Venugopal Reddy on 6 September 2003. During his tenure the Indian Rupee note of 1000 denomination was introduced. He is the writer of many books such as "The Future of India", "India's Politics: A View from the Backbench","The Future Of India: Politics, Economics, And Governance","The Indian Economy: Problems And Prospects", "India's Economic Policy","Emerging India: Economics, Politics and Reforms" and "India's Economic Crisis: The Way Ahead".
- India's Economic Crisis: The Way Ahead (Oxford University Press, 1991)
- The Indian Economy: Problems and Prospects (editor) (Penguin, 1993).
- India's Economic Policy: Preparing for the Twenty-first Century (Viking, 1996) examines some of the critical policy choices for India at the present juncture.
- The Future of India Politics, Economics and Governance (Penguin, 2005).
- India's Politics: A view from the backbench (Penguin-Viking, 2007).