May 7 – Kolkata, once India’s capital under the Raj and one of its most enigmatic cities, is getting a makeover of its most historic areas from Asian practices familiar with preserving ancient buildings. Formerly known as Calcutta, the city was once one of the world’s largest ports and a flagship of the British Empire. It saw its fortunes wane, however, after trade from what became Bangladesh dried up and the Chinese occupation of Tibet ceased to connect the city with Lhasa. Up until that time Kolkata had been the import and export hub for Tibetan products – neither Lhasa or Kolkata have ever recovered their previous trade and historical ties.
As a result, Kolkata’s once thriving China town, home to the largest number of Tibetans outside of Lhasa, is now a pale imitation of what it once was. Meanwhile, iconic areas such as College Street, which inspired poets such as Allen Ginsburg, have been left to decay over the past five decades. The area is also home to the famous Indian Coffee House, which now serves coffee for just Rs 8 to students and tourists, yet in the 1970’s was a meeting point for Maoist insurgents and Indian communists. This building will be receiving a makeover as well, reminiscent of the Café Leopold in Mumbai. Continue reading
By Ian Bhullar
Jul. 26 – Pranab Mukherjee, until recently India’s sitting finance minister, has been elected president of India. Having garnered the requisite number of votes in an ongoing count on Sunday, he took office on Wednesday.
Some media outlets have lauded Mukherjee as Asia’s and the world’s best finance minister, while others have described him as the worst finance minister in India’s history. What role will Mukherjee play, and what is the outlook for his presidency? Continue reading
By Harshit Khandar
Jun. 18 – This article provides one with information on how to apply for an employment visa and residence permit in India, some exclusive schemes and the necessary documentation needed.
For entry into India, a passport valid for at least 180 days and with at least two blank pages is required by all nationals. Nationals are advised to contact the embassy to check visa requirements for India. Continue reading
Jul. 21 – India’s Union Minister of Corporate Affairs released the “National Voluntary Guidelines on Social, Environmental and Economic responsibilities of Business” this week, highlighting the subject of ethical responsibility in India’s corporate culture.
The Minister of Corporate Affairs believes these new guidelines will strengthen India’s corporate sector and enable it to evolve into a global leader in responsible business. He said the beginning of industrialization in India marked the transition from merchant charity to industrial philanthropy, which is more secular, more inclusive in terms of caste, creed and community and more oriented towards bringing progress to society through modern, western-style institutions. Continue reading
Mar. 9 – A recent survey by global human resource consulting and outsourcing company Aon Hewitt shows that India’s 11.7 percent salary rise in 2010 has outpaced all the other Asia Pacific countries and this high increase rate is going to continue over the next few years.
The survey, which included 531 organizations from 18 primary and 30 secondary industrial sectors, forecasts that India will see its salary growth accelerate to a rate of 12.9 percent in 2011, not only because of the optimistic estimation of an above-9 percent GDP growth this year, but also the surging inflation that impacts businesses’ salary budgets. Continue reading
Dec. 29 — India’s central bank on Monday asked Indian importers to settle debts owed to Iranian firms in currencies other than the dollar and euro, presenting somewhat of a mixed picture for the future of Indo-Iranian relations.
Since 1974, the two countries have conducted a majority of their trade through a clearing house called the Asian Clearing Union. The organization’s purpose once involved removing the various costs of doing international business by having each nation’s central bank pay for debts through widely used currencies on behalf of its companies. Continue reading