ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

Resignation of the First Governor of RBI

Resignation of the First Governor of RBI S L N SIMHA Ihave read with much interest and profit Anand Chandavarkar

I have read with much interest and profitAnand Chandavarkar’s article (‘CentralBank and Government: An Untold Storyfrom RBI’s Early History’, EPW, August19, 2000) on the subject of the resignationof the first governor of the Reserve Bankof India, Sir Osborne Smith, with specialreference to the aspect of relations betweena central bank and government, asubject of perennial interest everywhere It is an excellent piece of research, worthyof a degree from any university and worthyof emulation by young economists in thecountry.

Chandavarkar has marshalled an enormousamount of material, analysed itthoroughly and expressed his conclusionsin a forthright manner, so unlike whatmost economists do. Chandavarkar writesin a beautiful style, very familiar to me;he was my valued colleague at the RB Ifor many years, in the 1950s. He is a rarecombination of an economist interestedin theory as well as history. I am alsoamazed at the extraordinary courage hehas shown in his comments on men andevents, even taking into account the factthat they took place 65 years ago. For allthese reasons, I offer him my warmestcongratulations.

Dear Reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Back to Top