Word: desai
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...combination of economic necessity, international tension, and gradual softening of popular opinion has recently lead to positive steps toward cooperation between the two countries. As Mr. Bhalchandra Krishna Desai, secretary to the Indian political leader Ramakrishna Bhaha said, "If both don't hang together, we will each hang separately...
...Desai went on to stress the geographical unity of the countries and the necessity for combining military forces. Together the armies could successfully combat the Red Chinese forces in Southeast Asia, while now each country spends too much of its military budget guarding Pakistan-Indian borders...
...India's able Finance Minister Morarji Desai, austerity is a way of life. Not only is he a vegetarian and a teetotaler who fasts for a day and a half every week, but he is also a hardheaded fiscal conservative who derides pie-in-the-sky welfare schemes and is an ardent believer in pay-as-you-go financing. Last week Desai presented the Indian Parliament with an austerity budget that will put the entire nation on the Desai standard...
...finance India's herculean task of equipping its armed forces against the continuing threat of Chinese aggression, Desai boosted the budget by a staggering 33% to a record $3.8 billion; defense expenditures alone jumped 70%, to $1.8 billion. But Desai refused to squeeze the money out of the government's costly Five-Year Plan or even to rely on large-scale deficit financing. The cost will be borne by India's population-whose per capita income last year...
Adverse reaction to the budget was surprisingly mild. Some businessmen protested that Desai could have eased the tax burden by slashing unnecessary government expenditures; others pointed out that India might have been spared the crushing new taxes if the government had spent enough money in the past to have made a more creditable showing against the Chinese. Grumbled one: "This is a high price to pay for Ladakh-even assuming we do get it back." But most Indians closed ranks behind Desai. Said one government official: "The budget is the clearest answer yet given by an Asian democracy to Communist...