PROFILES OF AP

G V K Reddy

Gunupati Venkata Krishna ReddyGunupati Venkata Krishna Reddy, also referred to as GVK Reddy, is the Founder Chairman and Managing Director of GVK,a Hyderabad-based infrastructure conglomerate that is into energy, resources, airports, transportation, hospitality and life sciences. His company set up India’s first independent power plant in Andhra Pradesh, in 1997.

He was born on 22 March 1937 in Kothur village of Nellore district, Andhra Pradesh. He completed his basic schooling from Kothur, early college from Nellore and graduated from Osmania University in Hyderabad. GVK Reddy first got his start in business when his father G. Subbarami Reddy allowed the GVK Reddy to take control of the family’s small construction firm. Reddy’s first started out as a contractor but then branched into manufacturing by setting up Novopan Industries in Biscoe, North Carolina, as the license regime in India had left few opportunities. However, thanks to Mari Chenna Reddy, GVK Reddy later returned to India after receiving support from the Mari ChennaReddy.He later pursued Owner/President Management (OPM) Program from Harvard Business School, USA

He is also a sports enthusiast and has encouraged young sporting talent. He has set up a tennis academy in Hyderabad to groom youngsters with potential.

  • Dr. GVK Reddy, has been recognised as the “Infrastructure Person of the Year 2014”, at the Construction Week India Awards
  • Dr. GVK Reddy has been bestowed with the ‘Lifetime Achievement Award’ at India Aviation 2014 for his contribution to Aviation Sector in the country.
  • Infrastructure Person of the Year award at Construction Week India awards.
  • Awarded Padma Bhushan – the third highest civilian award of India in 2011.
  • “Construction World – Man of the year 2011” award by Construction World.
  • Best First Generation Entrepreneur of the Year 2010 award under the India Business Leaders Awards instituted by CNBC-TV 18.
  • Entrepreneur of the Year Award 2009 from Economic Times.
  • Excellence Award at the International Telugu Cultural Conference held at the Golden Jubilee celebrations of the Telugu Association of Malaysia.
  • Felicitated by The Telugu Literary and Cultural Association, US.
  • Conferred Life Membership of the World Telugu Federation, Chennai.
Koneru Hampy

Humpy KoneruHumpy Koneru (born 31 March 1987 in Gudivada, Andhra Pradesh) is an Indian chess Grandmaster. In October 2007, she became the second female player, after JuditPolgár, to exceed the 2600 Elo rating mark, being rated 2606.

In 2002, Koneru became the youngest woman ever to achieve the title of grandmaster (not solely a Woman Grandmaster) at the age of 15 years, 1 month, 27 days, beating JuditPolgár’s previous mark by three months.This record was subsequently broken by HouYifan in 2008.

She was originally named “Hampi” by her parents, who derived the name from the word “champion”. Her father later changed the spelling to Humpy, to more closely resemble a Russian-sounding name.

Koneru won three gold medals at the World Youth Chess Championship: in 1997 (Under-10 Girls division), 1998 (Under-12 Girls) and 2000 (Under-14 Girls). In 2001, she won the World Junior Girls Championship. In the following year’s edition, she finished equal first with Zhao Xue, but placed second on tiebreak. Koneru competed with the boys in the 2004 World Junior Championship, won by PentalaHarikrishna, and finished equal fifth, tenth on countback with a score of 8.5/13.

Koneru won the British Women’s Championship in 2000 and in 2002.

In 2003, she won the 10th Asian Women’s Individual Championship and the Indian Women’s Championship, both held in Calicut.

She participated in the Women’s World Chess Championship 2006: after defeating TuduetsoSabure from Botswana, she was eliminated in the second round by Marie Sebag. In the Women’s World Chess Championship 2008 she made it to the semifinals, but was beaten by HouYifan. In 2009 she tied for 1st–4th with Alexander Areshchenko, MageshPanchanathan and EvgenijMiroshnichenko in the Mumbai Mayor Cup.

In 2009, Koneru accused the All India Chess Federation of preventing her from participating in the 37th Chess Olympiad in Turin. Her father Koneru Ashok who was coaching her was not allowed to travel with her for tournaments. The controversy has not died down. Later that year, the AICF was also embroiled in a controversy with Geetha Narayanan Gopal.

  • 1999: Asia’s youngest Woman International Master (WIM)
  • 2000: World under-14 girls champion, Oropesa del Mar, Spain
  • 2001: India’s youngest Woman Grandmaster (WGM)
  • 2001: World junior girls champion, Athens
  • 2003: Arjuna Award
  • 2007: Padma Shri
DuvvuriSubbarao

Duvvuri SubbaraoSubbarao’s hometown is Eluru in West Godavari district, a city near Vijayawada, Andhra Pradesh. He did his schooling from the Sainik School in Korukonda, Andhra Pradesh. He graduated in Physics B.ScHons. from Indian Institute of Technology Kharagpur (class of 1969).

He received aM.Sc degree also in Physics from Indian Institute of Technology Kanpur. Subbarao topped the Civil Services Examination in 1972 and was assigned the Andhra Pradesh cadre.

In 1978, he did a master’s degree in economics from Ohio State University, United States. After a few years, Subbarao joined the Humphrey Fellowship program at Massachusetts Institute of Technology to study Quantitative Economic Modelling. He became a Humphrey Fellow at MIT in 1982. He later received a Ph.D. in Economics from Andhra University. His doctoral thesis was titled “Fiscal reforms at the sub-national level” (1998).

During his tenure as Governor of RBI, Dr Subbarao took initiatives for demystification of the Central Bank, including lucid presentation of terse macro economic concepts in the RBI publications and grassroots level interaction with the masses through various financial inclusion, financial literacy and village outreach programmes. He was instrumental in ensuring 100% meaningful financial inclusion in Ernakulam district of Kerala. In February 2012, Subbarao expounded his world famous theory on the New Trilemma of Central Bankers, which he named as the “Holy Trinity” of price stability, financial stability and sovereign debt sustainability as against Mundell’s well known “Impossible Trinity” of fixed exchange rate, free capital flows and independent monetary policy. Subbarao’s erudite exposition on holy trinity firmly established the Indian perspective in the scholastic debate on the global central banking trilemma.

Dr Subbarao’s taking charge as RBI Governor in 2008 was coincident with the outbreak of the Global Financial Crisis. Subbarao is generally credited as having safely stewarded Indian economy through the financial crisis. However, it was during Subbarao’s tenure that the value of Indian Rupee tumbled spectacularly, with USD/INR exchange rate for the first time breaching the psychological barrier of 60, and even hitting a new low of 69.