Former RBI Governor S Venkitaramanan passes away
Chennai, Nov 18: Former Governor of the Reserve Bank of India S Venkitaramanan passed away here on Saturday, due to brief illness, sources said.
He was 92.
Venkitaramanan was a member of the Indian Administrative Service and prior to taking up the role of RBI Governor, he had served as the Finance Secretary and later as an Adviser to the Government of Karnataka.
Venkitaramanan had served the RBI between December 1990 and December 1992.
RBI Governor Shaktikanta Das hailed him as an 'outstanding personality' and 'public servant' and recalled his immense contributions during the period of crisis.
"The country faced difficulties related to the external sector during his tenure. His adroit management saw the country tide over the balance of payments crisis," the apex bank said.
Venkitaramanan's term also saw India adopt the IMF's stabilisation programme where the Rupee underwent a devaluation and the launch of the programme of economic reforms, the RBI said in its website.
In a social media post, Das said, "Very sad to hear about the demise of Shri S Venkitaramanan, former Governor of the RBI. He was an outstanding personality and public servant. He made immense contributions during periods of crisis. May his soul rest in eternal peace."
Senior Congress leader and former Union Minister Jairam Ramesh said, "one of India's most brilliant civil servants who left his mark, especially in the field of finance, has just passed away in Chennai at the age of 92. S Venkitaramanan was RBI Governor at a most crucial time of our economic history during 1990-92."
Apart from this, Venkitaramanan had made major contributions in industrial development and energy as well, Ramesh said in a social media post.
"He (Venkitaramanan) was a key aide of C Subramaniam who played a pivotal role in ushering in the Green Revolution in the mid-60s. I have many fond memories of our association that spanned almost three decades and from which I learned much," he added.
Very sad to hear about the demise of Shri S.Venkitaramanan, former Governor of the RBI. He was an outstanding personality and public servant. Made immense contribution during periods of crisis. May his soul rest in eternal peace.
— Shaktikanta Das (@DasShaktikanta) November 18, 2023
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Vijay unable to prove majority, not invited for CM oath ceremony: Sources
Chennai: Actor-politician Vijay has reportedly not been invited to take oath as Chief Minister of Tamil Nadu after failing to demonstrate support from the required number of MLAs, sources in Raj Bhavan said.
According to media reports that quoted sources in the office of R.N. Ravi Arlekar, Vijay could not prove the backing of 118 legislators, the majority mark in the 234-member Tamil Nadu Assembly.
Despite last-minute efforts to secure support from the Viduthalai Chiruthaigal Katchi (VCK), Amma Makkal Munnetra Kazagam (AMMK), and an IUML legislator, Vijay reportedly managed support from only 116 MLAs, falling short by two members.
Sources said Vijay failed to submit letters of support from the VCK and the Indian Union Muslim League (IUML).
Later, the IUML issued a statement clarifying that it was not part of the TVK-led alliance.
Meanwhile, AMMK leader T.T.V. Dhinakaran is also said to have informed the Governor that his party would support the All India Anna Dravida Munnetra Kazhagam (AIADMK) instead.
Earlier in the evening, Vijay had met Governor Arlekar and staked claim to form the government, stating that he enjoyed the support of 118 MLAs.
