Bimal Jalan (born 17 August 1941) is a former Governor of Reserve Bank of India and was a nominated member of the Upper House of India's Parliament, the

Rajya Sabha Rajya Sabha (Council of States) is the upper house of the Parliament of India and functions as the institutional representation of India’s federal units — the states and union territories.https://rajyasabha.nic.in/ It is a key component o ...

during 2003–2009.

Education and career

Jalan graduated from Presidency College,

Calcutta Kolkata, also known as Calcutta (List of renamed places in India#West Bengal, its official name until 2001), is the capital and largest city of the Indian States and union territories of India, state of West Bengal. It lies on the eastern ba ...

, and later attended

Cambridge Cambridge ( ) is a List of cities in the United Kingdom, city and non-metropolitan district in the county of Cambridgeshire, England. It is the county town of Cambridgeshire and is located on the River Cam, north of London. As of the 2021 Unit ...

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, 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 th
National Council of Applied Economic Research
Planning Commission in

New Delhi New Delhi (; ) is the Capital city, capital of India and a part of the Delhi, National Capital Territory of Delhi (NCT). New Delhi is the seat of all three branches of the Government of India, hosting the Rashtrapati Bhavan, New Parliament ...

. He was the

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

Reserve Bank of India Reserve Bank of India, abbreviated as RBI, is the central bank of the Republic of India, and regulatory body responsible for regulation of the Indian banking system and Indian rupee, Indian currency. Owned by the Ministry of Finance (India), Min ...

for two terms. The

Government of India The Government of India (ISO 15919, ISO: Bhārata Sarakāra, legally the Union Government or Union of India or the Central Government) is the national authority of the Republic of India, located in South Asia, consisting of States and union t ...

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 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