19 July:RBI Governor Y V Reddy has been awarded an honorary fellowship by the prestigious London School of Economics and Political Science for his contribution to the cause of the under-privileged.
Conferring the Fellowship, Lord Stern of Brenford, current holder of the I G Patel Chair, outlined some of Reddy’s achievements, laying emphasis on his commitment to help the under-privileged.
"Dr Reddy is an outstanding individual who has distinguished himself through his knowledge, service and commitment not only to India but to the wider global community. We are honoured that he is accepting an honorary fellowship at the School,” Lord Stern said.
"He is described as the governor who has the courage to implement policies which are fair and for the benefit of all people, motivated by strong principles of economic management and constantly recognising the needs of poor people. He has been recognised as a leader who is firm, flexible and fair and well respected by all his staff," Lord Stern said.
Described by one colleague as a "scholar and a gentleman", Reddy has been Governor of the Reserve Bank since 2003, is visiting professor at several Indian universities and has served as executive director on the Board of the International Monetary Fund for India, Sri Lanka, Bangladesh and Bhutan.
He was also instrumental in setting up the I G Patel chair and India Observatory at LSE in honour of the School’s former Director.Reddy joined the Indian Administrative Service in 1964 after graduating from Vivekananda College in Chennai and obtained an MA in Economics at the Madras University and PhD at the Osmania University. Courtsey DD NEWS