Courtesy: Wikipedia Commons
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
Courtesy: Flickr/MEA India
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
Courtesy: flickr
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
Courtesy: Flickr
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
Courtesy: Pinterest
Bombay’s Parsis, Bene-Israel Jews, and Goans settled in Karachi, Lahore and other cities and provinces that the British had annexed since the mid-19th century. The Partition of India in 1947 gave these minority communities the choice to stay or leave. The Bene-Israel left. The Parsis and Goans continue to have a presence in Pakistan
Courtesy: The Indian Railways Fan Club
The Sikh and Punjabi community of Sion-Koliwada Camp, Mumbai, hailed mostly from the Muslim-majority North West Frontier Province (NWFP), rather than undivided Punjab. They brought to their adopted city – and to India – a rich and varied cultural presence
Courtesy: Archive.org
Many of the Hindu Sindhi refugees who fled to India post Partition succeeded in rebuilding their lives afresh, their native entrepreneurial spirit enabling them to rise up from the destitution that displacement caused. Ulhasnagar, Thane district, which was a refugee camp 70 years ago, is a microcosm of how the community rehabilitated itself--with the help of a well dispersed and generous Sindhi trading network
Courtesy: Live Mint
The 70th Independence Day for India and Pakistan – August 15 and 14 respectively – is a reminder of how Partition displaced 15 million people, causing untold hardship. What is less known is that the cities of Karachi and Bombay have had a shared colonial history and economy: the parting of ways left one bereft of a host of spirited citizens, who went on to rebuild their lives in the other
Courtesy: Zahur Ramji
The Aga Khan IV, Prince Karim al-Husayni, the religious head of of the Ismaili Shia Imamat, celebrated the diamond jubilee year of his leadership earlier this week with the launch of many development projects. What is not very well known is that Bombay was a centre for the consolidation of the community and its religious leaders’ influence
Courtesy: Dr. Sarah Israel
Prime Minister Narendra Modi’s visit to Israel (July 4-6) marks 25 years of India’s diplomatic relations with the State of Israel. Forging political and economic ties with it has not been smooth sailing, and it’s the Indian Jewish community that has kept a tenuous relationship going