Former Economic Adviser passed away............

Dr.D.K.Bhatia, who retired as Adviser passed away on October 13, 2011.  He was 77.  On his last day he had gone to B K C in connection with a journal he was editing and sustained a massive heart attack. He is survived by his wife and three children. He had a wide circle of friends both in and outside RBI. Shockingly enough for me, Bhatia rang me up on 12th and we had decided to meet on Monday, the 17^th..................

May his soul rest in peace.

As reported by P.P.Ramachandran (via e-mail)

                                               

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A PhD in Economics from the Pennsylvania State University (USA) Dr. D.K. Bhatia had worked in various academic/teaching capacities in the US before returning to India. In India he served in various senior positions in the Reserve Bank of India (RBI) from which institution he retired as Economic Adviser. He also served as International Monetary Fund’s Advisor to Bank Indonesia (Central Bank), Jakarta during 1981-83. In his long career span he has supervised and handled several projects and surveys related to the Rural-Economic Issues in India. He had been a supervising member of the Annual Follow-up Rural Credit Surveys and All-India Rural Credit Survey, 1961-62 conducted by RBI during the years from (1958 to 1965) designed to understand and investigate the dynamics of rural credit flow in general, and especially in the regions of Gujarat (Bharuch, 1958), Kanpur (1959), Bihar Munger (1960), Western Uttar Pradesh (1961-1963). Dr. Bhatia was also involved in the conduct of an Irrigation System Study in the wake of then pressing food grains crisis; this survey focused on tube well irrigation in Deoria (UP) in 1959-60. Dr. Bhatia had a range of training experiences. He was deputed as a Member of Directing staff at XVI SEANZA (South East Asia, New Zealand and Australia) Central Banking course held in Dhaka (Bangladesh) from October-December, 1986. He served as a Group Leader in International Banking Summer School in September 1989 organised jointly by International Banking Council, and Indian Institute of Bankers. He served as a Convenor for the Sub-Group on Private Sector (Household) Saving for the 8th Five Year Plan, under the Chairmanship of Dr. C. Rangarajan who was then the Deputy Governor and later became Governor, Reserve Bank of India. In this experience in the Capital Market he served as RBI nominee on the Governing Board of the Bombay Stock Exchange (1989-1994).