Dr. S. Ramamurthy
Director, Cognizant Foundation
While we in Cognizant Foundation have accorded priority to health, education and livelihood issues for financial assistance to non-profit organisations working in these areas for reasons stated in the previous annual reports, the Board has also been conscious of the importance of segmenting these sectors further and in reaching out to geographical areas that are falling behind in social sector development. In the current Union Budget presented by the Finance Minister a few days ago, she highlighted certain important programmes that may get the Union Government’s attention. These include, (i) Implementing Digital India to reach every sector of the economy with Bharat Net to target internet connectivity in local bodies in every Panchayat in the country, (ii) Concentrating on creating a healthy society (Ayushman Bharat) and improved social infrastructure, (iii) Setting up 80 livelihood business incubators and 20 technology business incubators in 2019/20, (iv) Establishing a National Research Foundation to coordinate research in India, (v) INR 400 crore for creating world-class higher education institutions and to upgrade the level of teaching in the country with the GIAN initiative. We in the Foundation hope that, with our scaling up of our organisational capacity, we will be strategically placed to leverage our programmes as we align them with Government initiatives as they get institutionalised.
Dr. Subrahmanya Ramamurthy is an economist with over 40 years of experience in about 30 countries. He is a founder Director of the Cognizant Foundation joining its Board in 2005.
He has been working with the International Monetary Fund (IMF) since 1991 as its resident financial advisor in a number of countries and also on its technical assistance and diagnostic missions. Was also a consultant with the World Bank, the Asian Development Bank, and the Arab Monetary Fund. Prior to 1991 he was first with the Commonwealth Secretariat, London, and later the United Nations.
Has contributed a number of articles on budget matters to the professional journals, Madras School of Economics publication etc. and has given lectures at the Joint IMF-World Bank Institute at Vienna and special workshops of the Arab Monetary Fund.
He has a PhD from the USA and is also a Fellow of the Chartered Institute of Secretaries, UK, and a Fellow of the Association of Chartered Certified Accountants, UK. His recent book (Public Finance- How to fix weak governance and obsolete systems) has been well received by specialists in economics and finance in the international bodies and various countries.