Word: damodar
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Dates: during 1950-1959
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...centuries India's Damodar River, meandering 340 miles through the northwestern hills to the sea, has been known as the "River of Sorrow." A plaything of the seasons, in summer's 120° heat the river dried to a trickle in a parched gulley. But in the monsoon, it became a raging torrent, scourging the Damodar Valley with malarial, crop-destroying floods. Last week the fickle Damodar could bear a new name: the River of Promise. Across its path stood three mighty dams, shunting water into irrigation ditches that will eventually reclaim 1,026,000 acres of wasteland...
Tata & Kariba. Both India's Damodar Valley and Mexico's Tecuala owe their new prosperity to that most capitalistic of all capitalist archetypes: the banker. He is Eugene Black, president of the International Bank for Reconstruction and Development-generally known as the World Bank. It was the World Bank that lent Mexico $24 million to help bring power to Tecuala and other forgotten towns. To India it lent $38 million for its Damodar project, and from both nations President Black expects to get every nickel back-with interest...
...Sindri, on the banks of the River Damodar, where five years ago were only mud huts in paddyfields, a new $48 million ammonium sulphate factory stood last week. It was the first big project completed by Prime Minister Nehru's government, and a source of swelling pride to India. In a land where famine is often a threat and sometimes a reality (3,000,000 people died of starvation in 1943), the development of artificial fertilizers to stimulate food crops has long been a dream of the Nehru government...