A photo of Kakira Sugar Works (Uganda) in 1957 (Courtesy: Tide of Fortune: A family tale, by Manubhai Madhvani) Courtesy: Tide of Fortune: A family tale, by Manubhai Madhvani
26 July 2018

Modi on the India-Africa Dhow Route

Indian Prime Minister Narendra Modi’s visit to Rwanda and Uganda, en route to the BRICS Conference in South Africa (July 25-27), is significant as it is a rebolstering of ties with these East African landlocked nations through their Indian diasporas, ties that will be cemented further by cooperation in defence, finance, education and other sectors. The Bombay Presidency once played a key role in the development of this region

The Presidency Chartered Bank of Bombay on 1 Rampart Row was founded in 1840 and was one of three presidency banks that were the precursors of the State Bank of India (1955) Courtesy: State Bank of India
3 May 2018

Indian banking’s chequered history

The history of modern Indian banking in the 19th century is full of examples of lopsided loan portfolios, favouring a few individuals and businesses, which is not very different from today’s world of financial fraud and manipulation of the system for personal gain. The past still holds many lessons

The historic Bombay Mint Courtesy: Wikipedia Commons
19 April 2018

Rationale for the return of the global rupee

Over 50 years ago, the Indian rupee was a currency of overseas trade besides being the local currency for the Gulf nations and many regions of the Indian Ocean. It fell into a retreat for many reasons. With the Indian economy slated to strengthen 2019 onwards, this is the right time to speed up the rupee’s full capital account convertibility

harvester-2526334_960_720 Courtesy: Pixabay
12 March 2018

Helping Indian farmers: an IFAD perspective

Rasha Omar, agricultural economist and Country Representative, Asia and the Pacific Division, International Fund for Agriculture Development, attended the Think20 Meeting in Mumbai. In an interview, she offers some prescriptions on how to reduce rural poverty in India

Prime Minister Modi with Israeli Prime Minister Netanyahu taking a leisurely stroll along Olga beach in northern Israel, on the last day of the Indian PM's historic visit in July 2017. Courtesy: Flickr/MEA India
11 January 2018

Soft power of Israel’s Indian Jews

Israel’s Prime Minister Benjamin (Bibi) Netanyahu’s official visit to India from January 14 to 19 will lay accent on the many commercial ties that bind the two countries. Equally important, if less visible, is Israel’s Indian Jewish diaspora, that has benefited greatly ever since full diplomatic relations were established