Word: nanda
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...Unbowing Bosses. Another casualty was Home Minister Gulzarilat Nanda. Indira Gandhi has been under so much criticism in recent weeks for fail ing to take stern measures against In dia's growing wave of rioting that she realized it was time to take decisive action. So, out went the 68-year-old ascetic who had served for the past 15 years in one Cabinet post or another...
...Gandhi had a scheme of her own. She intended to use Nanda's ouster as an opportunity to reshuffle the Cabinet, which she had inherited almost intact from Lai Bahadur Shastri and had so far been unable to alter. Her plan was to give the Home Ministry to able Defense Minister Y. B. Chavan and install other favorites in the finance and commerce slots...
Like Mafatlal, other young Indians have entered new fields by associating with foreign companies. Keshub Mahindra, 42 (University of Pennsylvania '47), controls 15 companies that make, among other goods, Jeeps in conjunction with Kaiser, tractors with International Harvester, and elevators with Otis Elevator. Hari Nanda, 48, of New Delhi makes everything from railroad couplers to razor blades, is now manufacturing arm tractors designed in India with French engines and Polish transmissions, as well as a baby tractor priced at $1,000, the cost of three teams of bullocks...
India's modernized businessmen also believe strongly in charities and community aid. Hari Nanda, along with setting up medical programs for his employees, awards college scholarships to their children. The Mafatlals have set one-quarter of their assets aside as a foundation to help schools and hospitals, and have given $1,500,000 for a science and technology museum in Bombay. Perhaps they are motivated by a British business rule they were mostly too young to really remember but wise enough to apply to their modern India. Says Arvind Mafatlal: "The private sector can only survive if it proves...
...power. This time the kingmakers were divided. The most prominent of them all, mustachioed Kumaraswami Kamaraj Nadar, 63, had angered the others by holding on to his post as party president for a second term. Without so much as a bow to him, the remaining syndicate members settled on Nanda as their candidate...