Professor Madhu Dandvate, vateran Socialist Leader, former Railway Minister and Union Finance Minister, is now the Deputy Chairman of the Planning commission. Born in 1924 in Ahmednagar, Maharashtra, Dandvate secured his Master's degree in Physics from the Royal Institute of Science, Bombay. He taught physics in Bombay University for twenty five years form 1946 to 1971. As a student he participated in Quit India movement of 1942