Tiruvellore Thattai Krishnamachariar (1899-1974) was the Indian Finance Minister from 1956-1958 and from 1964-1966. He resigned from the position twice. He was popularly known as TTK. 1899 (MDCCCXCIX) was a common year starting on Sunday (see link for calendar). ... 1974 (MCMLXXIV) was a common year starting on Tuesday. ... 1956 (MCMLVI) was a leap year starting on Sunday of the Gregorian calendar. ... 1958 (MCMLVIII) was a common year starting on Wednesday of the Gregorian calendar. ... 1964 (MCMLXIV) was a leap year starting on Wednesday (the link is to a full 1964 calendar). ... 1966 (MCMLXVI) was a common year starting on Saturday (the link is to a full 1966 calendar). ...
Krishnamachariar was one among the makers of modern India. He was instrumental in building the basic economic and industrial infrastructure of the country and also left his mark on the Indian Constitution as a member of the Drafting Committee. Krishnamachari began his life as a businessman and went on to lay the foundation of the hugely successful firm TT Krishnamachari & Co. in 1928, in Chennai, which now manifests itself as the TTK Group. By the mid-thirties, when the company was well established, Krishnamachari decided to turn his attention to politics. He was initially elected to the Madras Legislative Assembly as an independent member, and later joined the Congress. In 1946, he was made a member of the Constituent Assembly at the Centre. This article or section does not cite its references or sources. ...
Political life
From 1952 to 1965, he served the country twice as a Central Minister. He was the first Minister for Commerce and Industry and then Finance Minister. He also remained in charge of the Steel Ministry for quite some time. He became Minister again in 1962, first without portfolio, then the Minister for Economic and Defence Cooperation and finally Finance Minister, in 1964. Krishnamachari was instrumental in setting up the country’s three major steel plants and financial institutions like IDBI, ICICI and UTI. He introduced path-breaking tax reforms during his stint as Finance Minister. Embarking upon measures needed for providing social security, Krishnamachari expanded the pension scheme to cover family members of the deceased government servants by introducing a new Family Pension Scheme in 1964. He planned schemes like the Rajasthan Canal Schemes, Dandakaranya and Damodar Valley Projects. The Neyveli Projects owe their existence to the fillip given by Krishnamachari.
However, one of his major schemes called the Freight Equalization Policy made coal and other natural resources available in the Eastern part of India cheaply available to the other parts. This led to constant deprivation of the eastern states like West Bengal, Bihar and Orissa. On the other hand, the southern and the western states flourished since the commodities available there were not subjected to this discriminatory policy. West Bengal (Bengali: পশà§à¦šà¦¿à¦®à¦¬à¦™à§à¦—, Poshchimbôŋgo) is a state in eastern India. ... For other uses, see Bihar (disambiguation). ... Orissa (Devanagari: उड़ीसा) (2001 provisional pop. ...
He had to resign when one man Justice Chagla Commission found him guilty of corruption .[1]
Later life
He resigned from the post of Minister in 1965 after his term as Lok Sabha member was over and led an intellectually active life till illness overtook him.
Krishnamachari, Y. Mourtada, and S. Wicker, "The Energy–Robustness Tradeoff for Real–Time Information Routing in Wireless Sensor Networks," submitted to the Special Issue of Elsevier Computer Networks on Wireless Sensor Networks, October 2002.
Krishnamachari, Y. Mourtada, and S. Wicker, "The Energy–Robustness Tradeoff for Routing in Wireless Sensor Networks," Proceedings of IEEE 2003 International Conference on Communications, ICC 2003, Anchorage, Alaska, May 2003.
Bhaskar Krishnamachari, Stephen B. Wicker, and Ramon Bejar, "Phase Transition Phenomena in Wireless Ad–Hoc Networks" to be presented at the Symposium on Ad–Hoc Wireless Networks, GlobeCom2001, San Antonio, Texas, November 2001.
Z.J. Haas and T. Small, ``A New Networking Model for Biological Applications of Ad Hoc Sensor Networks,'' IEEE/ACM Transactions on Networking,, vol.
Krishnamachari, R-H. Gau, S.B. Wicker, and Z.J. Haas, "Optimal Sequential Paging in Cellular Networks,accepted for publications in the ACM/Baltzer Wireless Networks, 2003
On one hand, the Asynchronous Transfer Mode (ATM) protocol is ubiquitously accepted as a vehicle for multimedia traffic.
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