In November 1981, Finance Minister Venkataraman entered into negotiations with the International Monetary Fund (IMF) and borrowed a hefty SDR 5 billion to avert an impending balance of payments crisis. This was, till then, the highest amount a single...
Senator Daniel Patrick Moynihan, known for his outspoken candor when he was the U.S. ambassador in New Delhi in the mid-1970s, used to enjoy comparing the port cities of Singapore, Rangoon and Calcutta. In the late 1940s they were much alike: bustlin...
I met [Narasimha] Rao on 20 June 1991 immediately after his election as CPP leader and showed him my draft proposals. He spent quite some time with me dissecting them and specified to me the addition and deletions he wished to make. The next step was...
