Fiscal deficit hawk with a sense of humour: Subir Gokarn dies at 60

Gokarn was the first Indian central banker who regularised warnings to the government, through the monetary policy statement, on the need to reduce fiscal deficit

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Current affairs: Former Reserve Bank of India (RBI) deputy governor and executive director at the International Monetary Fund, Subir Vithal Gokarn breathed his last in Washington DC, USA, on Tuesday after battling cancer. He was 60.

Gokarn, who had a distinguished career as a central banker as well as a leading economist, was a columnist with Business Standard. At the RBI, he was in charge of the monetary policy department, from his appointment in November 2009. He was at the RBI till January 2013.

He was the trusted deputy to governor D Subbarao and together they navigated the post-credit crisis period deftly for the Indian banking and financial system. Both were fierce proponents...read more

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