Word: krishnamachari
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Gallery BMB, gallerybmb.com, partly owned by Indian artist Bose Krishnamachari, is set on a leafy street in the busy Fort area. It boasts an airy café and a store retailing hard-to-find art books because, spokeswoman Kanchi Mehta says, "We wanted to start a cultural institution where people come to hang out, eat and talk, not just look at the art and leave." Items on display aren't limited to fine art. The current show, "Her Work Is Never Done," runs until March 20 (and again from March 26 to April 17) and features hats from milliner Shilpa...
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 too restrictive. Contemptuous of his colleagues, he called one minister a "constipated cockroach," advised another to return to teaching, and held back on allocations of foreign exchange for much needed fertilizer largely out of dislike...
Last month eleven members of Parliament introduced a resolution charging that T.T.K. had used his office to advance the business interests of his sons. Krishnamachari appealed to Shastri to personally exonerate him of the accusation. Shastri stalled, suggesting that the Chief Justice of the Supreme Court ought to examine the matter. Enraged, the Finance Minister walked in for a showdown. "You are not indispensable," said Shastri. Replied Krishnamachari: "I should have quit when Nehru died...
...first Cabinet meeting centered on Shastri's most pressing problem, India's soaring food prices, which have risen 8.5% in the past year. Finance Minister T. T. Krishnamachari warned that the government may have to enter the food-distributing business, and Shastri is known to be considering the imposition of price controls...