India Pakistan Trade Unit India Pakistan Trade Unit Support for UK Trade
The time in India, Pakistan, Sri Lanka and Bangladesh

India:

Pakistan:

Sri Lanka:

Bangladesh:

United Kingdom(GMT):



  
  


Become a member of India Pakistan Trade Unit

Visa for India, Visa for Pakistan, Visa for Sri Lanka and Visa for Bangladesh

Indian Events & trade missions, Pakistan Events, Sri Lanka Events, Bangladesh Events

Maps of India, Pakistan, Sri Lanka, Bangladesh and the United Kingdom

EU Logo

UKTI Logo

Birmingham Chamber of Commerce and Industry

July 1, 2007


U.K. celebrates 60th anniversary of Indian independence

With a dash of grandeur and a profusion of paeans, Britain on June 25 launched a festival to mark the 60th anniversary of India's independence. The season of celebration was kicked off with British Foreign Minister Kim Howells hosting an audience of leading lights of the British Indian community and Indian High Commissioner Kamalesh Sharma at the Foreign Office.

Standing in the majestic marble hall of the Durbar Court, the minister underlined the constant changes in the relationship between the two nations. "Now, 60 years after India's independence, we stand here as friends and partners who share opportunities and seek to work together on a shared global agenda," said Howells.

Howells also used the occasion to speak of India's "enormous economic power, the sophistication and erudition of its nationals and of course its rich culture". He reiterated British officialdom's oft-cited statistic that "India is now the third largest investor in the United Kingdom, second to only the U.S. and Japan", adding that he trading relationship is growing by 20 percent a year and that almost 500 Indian firms now operate in the U.K.

Observers said the minister's pinpointing of the changed Indo-British equation was a significant punctuation mark in the long and complex bilateral relationship.

The cocktails-and-canapés 'do' starts an 'India season' across London. This includes an India mela across the British capital, organised by mayor Ken Livingstone and a vibrant exhibition titled 'Out of India: a Subcontinent's Influence on London', which starts next week and showcases "the subcontinent's ever-developing relationship with London" in respect of food, fashion, politics, sport, spirituality and cinema.

In a generous tribute to Pandit Nehru, Howells said, "I believe that India has lived up to Jawaharlal Nehru's prediction that independence must be 'an opening of opportunity, to the greater triumphs and achievements that await us'."

Finally, Howells repeated Britain's support for "India's ambition to become a permanent member of the (United Nations) Security Council".



Indradhanush-07: IAF aircraft arrive at RAF Waddington

Much as the myriad pattern of VIBGYOR colours blend to form a rainbow after the rains recede, none emerged as the dark and looming clouds beseeched the sky in and around Royal Air Force (RAF) Waddington, located three miles south of Lincoln Town in eastern England, for over a week.

"Its quite unlike the usual downpour during this part of the year," says RAF Sergeant Ashwin 'Azzy' Rana of the No. 8 Fighter Squadron from the RAF Waddington airbase who is the liaison person for the visiting Indian Air Force (IAF) contingent in the U.K. With rains abating following the unprecedented rainfall that led to flooding in certain areas in Lincoln, a rainbow pattern is now set to emerge and loom over U.K. airspace as the 10-day joint Indo-U.K. air exercise- 'Indradhanush-07' (meaning 'rainbow') - gets under way on July 2 and concludes on July 12.

The first of the two IL-76s ferrying 50 IAF air warriors, comprising ground crew and technicians from India arrived on June 28 at the RAF airbase via Doha in Qatar and Tanagra in Greece.

"This is the first time-ever that an IL-76 has landed at any RAF airbase," informed Wing Commander P.S. Arora, the leader of the first IL-76. Six more Su-30 MKIs and two IL-78 MKI fuel-tankers, together with the second IL-76 ferrying the remaining complement of the IAF personnel arrived on June 29.

Apart from the excitement that the arrival of Indian aircraft have generated, activities on a grand scale are a foot within the airbase in preparation for the Waddington International Air Show, the largest of the RAF's official air shows. A fly-past by one IL-78 MKI fuel-tanker flanked by two Su-30 MKIs in patrol formation on either side will also enthrall onlookers at the airshow.

RAF Waddington is a fully operational unit of No. 2 Group within RAF Air Command and is home to the RAF's air-borne Intelligence, Surveillance, Target Acquisition and Reconnaissance (ISTAR) aircraft.


Top of page Back to top of the page


Welfare fund for NRI workers

The Ministry of Overseas Indian Affairs is proposing a welfare fund with a sizeable contribution from the country's insurance companies for Indian workers abroad. The fund will be utilised for training workers for overseas jobs, for providing humanitarian aid when they are in trouble at their work places and for helping them to resettle on their return.

According to official sources, a note has been prepared for the Cabinet's consideration on creating a corpus for the NRI workers welfare fund, "which may be funded initially by the Government".

The Ministry has proposed that an initial amount of Rs 1.50 billion could be allocated in 2007-08 and this could be reviewed "as per requirement".



TCS among top 10 firms

Tata Consultancy Services has been ranked among the leading global IT companies by global magazine BusinessWeek. It has also been named as the only Indian entity to be listed among the world's top 10 most profitable firms.

With a return on equity of 46 percent, TCS was the only Indian company to be ranked among the top 10 most profitable companies in the world.

BusinessWeek, in its '2007 Information Technology 100' listing has placed TCS on the 23rd position among the world's leading infotech companies.

According to the magazine, ever since TCS went public in 2004, the Mumbai-based company is growing rapidly, with a 41 per cent rise in revenues to $4.3 billion for the fiscal year ended March 31.



Rig Veda in UNESCO list

Manuscripts of the ancient Hindu text Rig Veda, dating from 1800 to 1500 BC, are among 38 new items on a UNESCO cultural heritage list. India has welcomed the inclusion of the 3,000-year-old manuscripts of the Rig Veda by UNESCO in its cultural list for posterity.

"We welcome the development. Whenever items related to the cultural heritage of India get recognition by the world, it bring happiness to all countrymen," Union Tourism and Culture Minister Ambika Soni told reporters.


Top of page Back to top of the page


Rig Veda in UNESCO list

Manuscripts of the ancient Hindu text Rig Veda, dating from 1800 to 1500 BC, are among 38 new items on a UNESCO cultural heritage list. India has welcomed the inclusion of the 3,000-year-old manuscripts of the Rig Veda by UNESCO in its cultural list for posterity.

"We welcome the development. Whenever items related to the cultural heritage of India get recognition by the world, it bring happiness to all countrymen," Union Tourism and Culture Minister Ambika Soni told reporters.



Mumbai, a top financial hub

Mumbai has grabbed a place in the world's top 10 financial flow hubs list, thanks to its high trading volumes for equities and good presence of global banking and financial services firms.

The city has been ranked 10th among the world's biggest centres of commerce in terms of the financial flow volumes by a survey compiled by Mastercard Worldwide, which takes into consideration size of financial services network besides equity, bond, derivatives and commodity contract transactions.


On the other pages

« Back to India Digest Links

Top of page Back to top of the page

Regions

India Pakistan Sri Lanka Bangladesh UK

Indian News, Pakistan News, Sri Lanka News, Bangladesh News

India:Rupee gains 20 paise vs dollar; Sensex up 126 points.

 

Pakistan:Pakistan welcomes IMF $6.7bn lifeline


Sri Lanka:LankaClear posts Rs 189 m PAT

 

Bangladesh:GDP growth rises to 6.18pc, per capita income $ 1044 

Text Only Email IPTU+44(0) 121 450 4250 India Pakistan Trade Unit Terms
Copyright ©2008 India Pakistan Trade Unit. All Rights Reserved.  Web design by Websynergi