Dr. C. Rangarajan is an eminent Indian economist and a distinguished former Member of Parliament (Rajya Sabha) and Ex-Governor of the Reserve Bank of India. His tenure as Governor of Reserve Bank of India saw unprecedented central bank activism to put in place a comprehensive set of measures to strengthen and improve the competitive efficiency of the financial sector. Dr. Rangarajan is the former Governor of Andhra Pradesh; Chairman of the 12th Finance Commission of India and Chairman of the Prime Minister's Economic Advisory Council. He was President of the Indian Economic Association in 1988 and President of the Indian Econometric Society in 1994. He was also the Chairman of the National Statistical Commission which was set up to reform the Indian Statistical System. In 2002, the Government of India awarded him the Padma Vibhushan, India's second highest civilian award. Presently, he is the Chairman of the Madras School of Economics; President of the Indian Statistical Institute; Chancellor of the University of Hyderabad, Telengana.