India: Tough Times for T.T.K.

Last week, Prime Minister Lai Bahadur Shastri made the first change in his Cabinet since he took office 18 months ago. It was no minor matter. Out went T. T. (for Tiruvallur Thattai) Krishnamachari, 66, Shastri's strong-willed Minister of Finance.

Technically, T.T.K. quit. In fact, he was sacked for possessing a personality incompatible with those of Shastri and his other ministers. A brilliant, impatient holdover from Nehru's Cabinet, Krishnamachari ran the country's finances as a one-man show, imposed harsh restrictions on the foreign firms in India, and conducted a running fight with the World Bank, which criticized his policies as...

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