Magazine content is available exclusively for TIME subscribers.Foreign Aid: The Bokaro Issue
Capitol Hill tempers heat up rapidly when U.S. foreign aid comes under discussion. And no proposal is likely to generate more warmth than the one to help India build a government-operated steel plant in the town of Bokaro, north of Calcutta.
India already gets the largest single slice of U.S. aid—$775,100,000 in 1962 v. $403,900,000 for second-place Pakistan—and Nehru's socialist government has not been notably grateful. The Bokaro plan calls for a $512 million first loan and another $379 million later; if granted, it would become the biggest single U.S. foreign aid project ever undertaken anywhere.
President Kennedy supports the plan....
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