Chp 5. The Chartered Bank%2c Bombay Photo courtesy Dr Jehangir S. Sorabjee Courtesy: Jehangir S. Sorabjee
9 November 2016

Bombay and the City of London

British Prime Minister Theresa May’s visit to India from November 6-8, her first to a country outside Europe, has been focusing on increasing bilateral trade and investments. But 300 years ago, London and Bombay shared a critical financial relationship.

A stack of one thousand rupee notes. Courtesy: 123RF
9 November 2016

How ‘hawala’ impacts national security

On November 8, when Prime Minister Narendra Modi announced to India, the demonetisation of high-value currency notes, he specifically referred to the use of Hawala and fake Indian currency notes for terrorist financing. The hawala system to move funds globally for terrorist financing is huge, secretive, and layered—and a challenge for national security agencies.

half lion Courtesy: Penguin Books Limited
21 October 2016

Understanding P.V. Narasimha Rao

An earnestly, but objectively written, biography of the late prime minister gives credit where it has been denied: PVN was the principal architect of the economic reforms that put the country on a destiny-changing path of growth, while being up against a restless party, hostile Parliament, and an apathetic public.