Nitish Sengupta
Encyclopedia
Nitish Kumar Sengupta IAS
(born 8 July 1933) studied history in Presidency College, Calcutta and belonged to the famous batch of 1953. He joined the IAS in 1957 and has held positions such as the Revenue Secretary of the Government of India
and Member Secretary, the Indian Planning Commission. He represented India in the UN Commission on Transnational Corporations and was elected as Chairman 1981-82. In between he completed a PhD in Management from Delhi University.
Sengupta played a key role in the revitalization of India's capital markets in the 1980s. He had earlier been a diligent builder
of the Licence Raj
while he was deputy secretary in the Department of Company Affairs from March 1968, just as government policy was changing from what he called 'benign aloofness' to 'massive intervention in corporate business', most notably in the nationalization of major Indian banks in 1969.
Based on a study by an Indian economist at the World Bank
, D.C. Rao, Sengupta introduced greater use of Convertible Debentures in the capital markets. He also permitted Reliance Industries
to do what would normally be impossible: converting the non-convertible portions of their four debenture issues into equity. This transmutation allowed Reliance to continue raising more quasi-debt.
After retirement in 1992 he became Director General, IMI and built it from the start to become a leading management school. He has also served as a Member of the Indian Parliament (Lok Sabha) from West Bengal. He is currently Chairman of the Board for Reconstruction for Central Public Sector Enterprises.
He has written 12 books, some of which include My Times and The History of the Bengali-speaking People.
He lives in Chittaranjan Park
, New Delhi
, India
.
Indian Administrative Service
The Indian Administrative Service is the administrative civil service of the Government of India. It is one of the three All India Services....
(born 8 July 1933) studied history in Presidency College, Calcutta and belonged to the famous batch of 1953. He joined the IAS in 1957 and has held positions such as the Revenue Secretary of the Government of India
Government of India
The Government of India, officially known as the Union Government, and also known as the Central Government, was established by the Constitution of India, and is the governing authority of the union of 28 states and seven union territories, collectively called the Republic of India...
and Member Secretary, the Indian Planning Commission. He represented India in the UN Commission on Transnational Corporations and was elected as Chairman 1981-82. In between he completed a PhD in Management from Delhi University.
Sengupta played a key role in the revitalization of India's capital markets in the 1980s. He had earlier been a diligent builder
of the Licence Raj
Licence Raj
Licence Raj, the Permit Raj, refers to the elaborate licenses, regulations and accompanying red tape that were required to set up and run businesses in India between 1947 and 1990....
while he was deputy secretary in the Department of Company Affairs from March 1968, just as government policy was changing from what he called 'benign aloofness' to 'massive intervention in corporate business', most notably in the nationalization of major Indian banks in 1969.
Based on a study by an Indian economist at the World Bank
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...
, D.C. Rao, Sengupta introduced greater use of Convertible Debentures in the capital markets. He also permitted Reliance Industries
Reliance Industries
Reliance Industries Limited is an Indian conglomerate company headquartered at Mumbai, India. The company operates through three business segments: petrochemicals, refining, and oil and gas, other segment of the company includes textile, retail business, special economic zone development and...
to do what would normally be impossible: converting the non-convertible portions of their four debenture issues into equity. This transmutation allowed Reliance to continue raising more quasi-debt.
After retirement in 1992 he became Director General, IMI and built it from the start to become a leading management school. He has also served as a Member of the Indian Parliament (Lok Sabha) from West Bengal. He is currently Chairman of the Board for Reconstruction for Central Public Sector Enterprises.
He has written 12 books, some of which include My Times and The History of the Bengali-speaking People.
He lives in Chittaranjan Park
Chittaranjan Park
Chittaranjan Park , aka C.R. Park is a neighbourhood in South Delhi, and home to a large Bengali community in Delhi. It was established in the early 1960s under the name EPDP Colony or East Pakistan Displaced Persons colony, and was renamed after Deshbandhu Chittaranjan Das, in 1980s...
, New Delhi
New Delhi
New Delhi is the capital city of India. It serves as the centre of the Government of India and the Government of the National Capital Territory of Delhi. New Delhi is situated within the metropolis of Delhi. It is one of the nine districts of Delhi Union Territory. The total area of the city is...
, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
.
External links
- Hollowness of China’s Claims over Tibet, by Nitish Sengupta, April 7, 2008