Courtesy: State Bank of India
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
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Sifra Lentin, Fellow, Bombay History Studies at Gateway House, was quoted in an article on recent changes in land ownership rights for Pakistani refugees living in Mumbai and Maharahtra, written by Rina Chandran of the Thomson Reuters Foundation. Read the Read more
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
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
Courtesy: Wikimedia Commons
The building of the Mumbai metro means different things to the government, the city, the youth, the middle class, and other stake holders
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
