MUMBAI, India, Nov. 20 -- Reserve Bank of India issued the following speech:
Prof. Ram Singh, Director, Delhi School of Economics, Prof. Pami Dua, distinguished faculty of the Delhi School of Economics, assembled dignitaries and dear students. Good afternoon.
2. I am pleased to be here at the Delhi School of Economics (DSE) to deliver the Second V.K.R.V. Rao Memorial lecture. The late Professor Rao was not only a distinguished scholar - being one of the first three Ph.Ds in Economics from Cambridge University and winning the prestigious Adam Smith Prize in 1935 - but also an eminent institution builder. He served as member of the Planning Commission and Union Education Minister. For his outstanding contribution to public policy and econom...