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EDUCATION /Qualification:
1950: Stood first in BA (Hons), Economics, Punjab University, Chandigarh ,
1952; Stood first in MA (Economics), Punjab University , Chandigarh ,
1954; Wright's Prize for distinguished performance at St John's College, Cambridge,
1955 and 1957; Wrenbury scholar, University of Cambridge ,
1957; DPhil ( Oxford ), DLitt (Honoris Causa); PhD thesis on India 's export competitiveness
OCCUPATION /Teaching Experience :
Professor (Senior lecturer, Economics, 1957-59;
Reader, Economics, 1959-63;
Professor, Economics, Punjab University , Chandigarh , 1963-65;
Professor, International Trade, Delhi School of Economics, University of Delhi,1969-71 ;
Honorary professor, Jawaharlal Nehru University ,New Delhi,1976 and Delhi School of Economics, University of Delhi ,1996 and Civil Servant
Working Experience/ POSITIONS :
1971-72: Economic advisor, ministry of foreign trade
1972-76: Chief economic advisor, ministry of finance
1976-80: Director, Reserve Bank of India ;
Director, Industrial Development Bank of India;
Alternate governor for India, Board of governors, Asian Development Bank;
Alternate governor for India, Board of governors, BIRD
November 1976 - April 1980: Secretary, ministry of finance (Department of economic affairs);
Member, finance, Atomic Energy Commission; Member, finance, Space Commission
April 1980 - September 15, 1982 : Member-secretary, Planning Commission
1980-83: Chairman , India Committee of the Indo-Japan joint study committee
September 16, 1982 - January 14, 1985 : Governor, Reserve Bank of India .
1982-85: Alternate Governor for India , Board of governors, International Monetary Fund
1983-84: Member, economic advisory council to the Prime Minister
1985: President, Indian Economic Association
January 15, 1985 - July 31, 1987 : Deputy Chairman, Planning Commission
August 1, 1987 - November 10, 19! 90: Secretary-general and commissioner,
south commission, Geneva
December 10, 1990 - March 14, 1991 : Advisor to the Prime Minister on economic affairs
March 15, 1991 - June 20, 1991 : Chairman, UGC
June 21, 1991 - May 15, 1996 : Union finance minister
October 1991: Elected to Rajya Sabha from Assam on Congress ticket
June 1995: Re-elected to Rajya Sabha
1996 onwards: Member, Consultative Committee for the ministry of finance
August 1, 1996 - December 4, 1997: Chairman, Parliamentary standing committee on commerce
March 21, 1998 onwards: Leader of the Opposition, Rajya Sabha
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