From the record
A quiet year in the ledgers
No dated event for 1960 has yet been extracted from the sources. The paper prints what is documented and leaves the rest blank, rather than guessing.
Prime Minister: Jawaharlal Nehru
The Age Of Stars
Partition, planning, aid consortia and nationalised banks.
Vol. LXXXVIThe edition of 1960 · The Planned Republic3 records
- Prime Minister
- Jawaharlal Nehru
- President
- Rajendra Prasad
- Finance Minister
- Morarji Desai
- RBI Governor
- H. V. R. Iengar
Bank Rate
4%
unchanged on 1959
Rupee per dollar
₹4.76
No figure for 1959
Inflation
1.78%
No figure for 1959
Reserves
$675m
No figure for 1959
Arabian Light
$1.9
−8.7% on 1959
The Ledger: what was borrowed in 1960
Full ledger →| Creditor | Instrument | Amount | US$ m | Status | Grade |
|---|---|---|---|---|---|
| IBRD | IBRD commitments in the decade | 555 USD | 555 | repaid | verified |
| IDA | IDA commitments in the decade | 1,044 USD | 1,044 | repaid/amortising | verified |
| United States (USDA / Title I PL-480) | PL-480 Title I sale agreement, signed 1960-05-04 (Eisenhower–S.K. Patil) | 1,276 USD | 1,276 | Delivered and supplemented. The rupee balances were largely written off by the 1974 Moynihan settlement. | verified |
Rows are listed as recorded. Some describe the same loan from different sources and must not be added together.
