Raghuram Rajan, former governor of RBI has been chosen for the ‘Yashwantrao Chavan National Award 2018’ by Yashwantrao Chavan Prathisthan for his contribution to economic development. Raghuram Rajan will be presented with the award at the 106th birth anniversary of Yashwantrao Chavan.
Raghuram Rajan :
- Raghuram Rajan is credited with steering Indian economy during turbulent times during the post-global financial crisis period.
- He is credited for positioning Indian currency as among the best-performing emerging markets amid a global currency rout against the dollar as emerging markets witness a major capital flight not seen since the collapse of Lehman Brothers in 2008.
- During his tenure in RBI, he oversaw some key reforms in monetary policy management and in the administration of the central bank.
- Raghuram Rajan had also served as the chief economist of IMF and had famously predicted the 2008 financial crisis in 2005.
Yashwantrao Chavan :
- Yashwantrao Chavan was the first Chief Minister of State of Maharashtra and has also served as Deputy Prime Minister of India in the cabinet of Prime Charan Singh between 1979-1980.
- Born on 12 March 1913 in Devrashtre village of Satara District of Maharashtra, Yashwantrao Chavan was largely influenced by the Indian freedom struggle movements.
- He had participated in the Non-cooperation movement and Quit India movement.
- During the course of time, he become closely associated with leaders like Jawaharlal Nehru, Sardar Patel.
The Yashwantrao Chavan National Award constituted by the Yashwantrao Chavan Prathisthan honours individuals and institutions for their outstanding contribution to national integration, and social & economic development.