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

'Kwan Tai Kung, the Great Warrior King, is the main deity in the Chinese Temple on Nawab Tank Road. In the Chinese religious hierarchy he is on par with Confucius, the great teacher and philosopher. Courtesy: flickr
6 December 2017

Bombay’s Chinese cultural links

Bombay city has always had a soft corner for everything Chinese. It was a taste created by the early Parsi merchants, who profited significantly from the cotton and opium trade with China in the second half of the 19th century. There is no confirmed date on when the Chinese first came to Bombay, bringing with them some unmatched skills, besides their cuisine. But today, it’s a reinvigorated economic engagement: Chinese goods flood Mumbai’s markets. Chinese companies and a bank are setting up base, while Indian conglomerates, in turn, are acquiring a growing presence in China

2223080434_38c7f3dee1 Courtesy: Flickr
1 November 2017

Indian Chinese diaspora: from Calcutta to Toronto

The 200-year-old history of the Indian Chinese population – currently 3,000 – in Calcutta and Bombay shows how the two civilisations were deeply connected. Buddhism and trade forged the link in the ancient past, but a forgotten aspect is the more recent, once vibrant Chinese presence in India. The bustling China Towns of yore fell silent after the 1962 India-China war that impelled the migration of the Indian Chinese to Canada, Hong Kong and Australia. Revisiting this period can offer many lessons in cultural assimilation and diplomacy in the more fractious present