Bimal Jalan (born 17 August 1941) is a former

Governor of Reserve Bank of India The Governor of the Reserve Bank of India is the chief executive officer of India's central bank and the ''ex-officio'' chair of its Central Board of Directors. Indian Rupee currency notes, issued by the Reserve Bank of India, bear the governor ...

and was a nominated member of the Upper House of India's Parliament, the

Rajya Sabha The Rajya Sabha, constitutionally the Council of States, is the upper house of the bicameral Parliament of India. , it has a maximum membership of 245, of which 233 are elected by the legislatures of the states and union territories using si ...

during 2003–2009.

Education and career

Jalan graduated from Presidency College,

Calcutta Kolkata (, or , ; also known as Calcutta , the official name until 2001) is the capital of the Indian state of West Bengal, on the eastern bank of the Hooghly River west of the border with Bangladesh. It is the primary business, commer ...

, and later attended

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and

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but no further detail as to his course of study is known publicly. 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 The Finance Secretary () is the administrative head of the Ministry of Finance. This post is held by senior IAS officer of the rank of Secretary to Government of India. T. V. Somanathan is the incumbent Finance Secretary. As a Secretary to Go ...

Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance. Lists of current ministries of finance Named "Ministry" * Ministry of Finance (Afghanistan) * Ministry of Finance and Ec ...

between January 1991 and September 1992. In 1992-93 and then from 1998–2008, Jalan was the President of the Governing Body of th
National Council of Applied Economic Research
Planning Commission in

New Delhi New Delhi (, , ''Naī Dillī'') is the capital of India and a part of the National Capital Territory of Delhi (NCT). New Delhi is the seat of all three branches of the government of India, hosting the Rashtrapati Bhavan, Parliament Hous ...

. He was the

Governor A governor is an administrative leader and head of a polity or political region, ranking under the head of state and in some cases, such as governors-general, as the head of state's official representative. Depending on the type of political ...

Reserve Bank of India The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible f ...

for two terms. The

Government of India The Government of India ( ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, ...

reappointed Jalan as Governor of the Reserve Bank of India, first for a period of five years commencing 22 November 1997 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 The Indian rupee ( symbol: ₹; code: INR) is the official currency in the republic of India. The rupee is subdivided into 100 '' paise'' (singular: ''paisa''), though as of 2022, coins of denomination of 1 rupee are the lowest value in use ...

note of 1000 denomination was introduced.

Selected works

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).

References

{{DEFAULTSORT:Jalan, Bimal Presidency University, Kolkata alumni Marwari people 20th-century Indian economists Governors of the Reserve Bank of India 1941 births Living people Rajasthani politicians University of Calcutta alumni Nominated members of the Rajya Sabha People from Churu district 21st-century Indian economists 21st-century Indian politicians Chief Economic Advisers to the Government of India Reserve Bank of India