Dr SS Tarapore
With reference to the obituary “Remembering Dr SS Tarapore” by Deepali Pant Joshi (FE, February 5), the author has pay rich tributes to Dr Tarapore, former Deputy Governor of RBI, at his passing. These tributes, by all means, were well deserved. It goes without saying that Tarapore had carved out a special place for himself during his life time and had enjoyed an impeccable reputation not only as the deputy governor of RBI (till September 1996), but thereafter, in other key advisory positions. Most importantly, he had chaired the RBI’s Committee on Capital Account Convertibility and had also made significant contribution as a member of Committee on Procedures and Performance Audit of Public Services (CPPAPS). It may be added that he had always remained an ardent supporter of the bank depositors and always took up their concerns at the appropriate levels. Further, his vehement opposition to the government’s back-door attempts to rope in FSLRC (in the name of financial reforms), largely aimed at ‘cutting RBI to size’, must also be fresh in everybody’s mind. The present RBI Governor, too, had opposed the government’s move and the finance ministry had to back-track later. Many a readers like me had always relished his well-articulated and highly thought-provoking write-ups concerning our economy. Those who personally knew him had always admired him as he was an honest and outspoken person. His passing has caused an irreparable loss to the entire nation. May his soul rest in peace.
S Gupta, Delhi