Eminent economist and a former member of the erstwhile Planning Commission, Saumitra Chaudhuri, who served on the board of high level advisory panels of the government passed away recently.
Born on January 11, 1954, Chaudhuri had been a member of the Prime Ministers Economic Advisory Council from 2005 onwards.
He was also in race to become the Governor of Reserve Bank of India (RBI), before Raghuram Rajan pipped him to the post and was one of the longest serving members of the Planning Commission.
He was the chairman of the Committee for Formulation of All Industry Rates of Duty Drawback 2005-06 to 2009-10 in the Ministry of Finance, where he later got an extension till date.
Before being part of Planning Commission, Chaudhuri worked as Economic Advisor and Research Co-ordinator with ICRA Limited, a full service credit rating agency, for 16 years (1993-2009) and was executive editor of the research publication - Money and Finance.
That apart, Chaudhuri was also a member of the High Level Committee set up by the Prime Minister to examine the Finances of Oil Companies and implications of rise in crude oil prices [June-July 2008], Chairman of the Committee to Review the ADR /GDR/FCCB Scheme, Finance Ministry from May 2007 to January 2008.
He was also a member of a High Level Committee on Estimation of Savings and Investments [Dec 2007 to Dec 2008] and member of the Inter-Ministerial Committee set up to examine pricing and taxation issues for petroleum products [October 2005 to February 2006].