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Recent changes in Belgian and EU tax law and regulation have resulted in some Antwerp-based Palanpuri Jain diamond traders shifting base to the newly booming Dubai diamond market. But Antwerp dominates the diamond business for this enterprising community, where 400 families continue to stay and use it as a gateway to the European market for diamonds cut and polished in Surat and Mumbai in India.
Courtesy: Suresh Mehta and 'Fragrant Folios: The Palanpur Story' by Jitendra C. Mehta and Amrit Gangar.
In Antwerp's global diamond exchanges that trade in rough and polished stones, the Gujarati-speaking Palanpuri Jain merchants are known as intrepid businessmen with a reputation for keeping their word. These traits has enabled them to live and work amongst Hassidic Jewish diamantaires and cutters-polishers who dominated this market. They carved a niche for themselves in small diamonds. Bombay played a key role in their success.
Courtesy: Mint
On February 18, India and the United Arab Emirates (UAE) signed the Comprehensive Economic Partnership Agreement (CEPA). This is a modern trade agreement with its roots in the erstwhile Bombay Presidency’s administration of the nine Emirati kingdoms.
Courtesy: BNP Paribas
The Anglo-French commercial treaty of 1860 opened trade between France and Bombay, and brought two iconic French companies – a shipping line and the city’s first European bank. Bombay’s affluent residents were already familiar with French fashion, luxury goods, wines and liqueurs.
Courtesy: Wikimedia Commons
Three hundred years ago, the Anglo-French rivalry in Europe spilled over to India, and threatened the dissolution of the powerful Bombay Presidency. Three centuries later, India and France are in a different place, with economic ties blossoming and the bilateral upgrading in 1998 into a strategic relationship. The speed with which this has scaled up reflects the deep familiarity between the two nations rooted in colonial history.
Courtesy: Town Mumbai
There is no better way to celebrate the winter festive season in Mumbai than to visit the many Bombay East Indian enclaves dotting the metropolis, urban villages that once made up the city before the 17th century. Attending Midnight Mass in the Bombay East Indian dialect of Marathi in a parish church and feasting on a traditional Christmas lunch is the best way to experience Mumbai before Bombay.
Courtesy: Diu Vanza Darji Samaj UK
Five hundred years before the ‘string of pearls’ or strategic naval bases surfaced as part of China’s global dominance plan, Imperial Portugal was a naval power which tried to impose its hegemony over vast swathes of the Indian Ocean. What informed this grand vision of a 16th-century Portuguese seaborne empire?
Courtesy: Wikimedia Commons
The early roots of the Indian diaspora in the UK are not about the storied success of the Hinduja brothers or celebrated economist Lord Meghnad Desai. Rather it lies in Indian sailors – the lascars – and the soldiers – faujis – of the World Wars, and the many hardworking labourers attracted to jobs in post-war Britain. These are very much the profile of most irregular Indian migrants in the UK today, many of them Sikh youth.
Courtesy: Twitter | @DrSJaishankar
UK Prime Minister Boris Johnson is in India, seeking a trade deal, and promising immigrant visas. The UK wants more Rishi Sunaks but the simmering issue is about irregular migrants from India, low-skilled labour whose numbers are still disputed by both countries. While a free trade agreement may still be signed, it will likely not address this problem, leaving thousands of Indians undocumented in the UK.
Courtesy: Marg Publications (Mumbai)
From the window of the earliest paper currencies issued by private banks in Calcutta, to the evolution of contemporary banknotes, The Conjuror’s Trick: An Interpretive History of Paper Money in India, deftly tackles political imperatives, monetary policy, global disruptions, schools of currency thought and even the science and art of printed paper money in India.