Social Sciences, asked by pushkar4021, 1 year ago

how did the colonial city bombay was different from imperial city lindon

Answers

Answered by manas001
0
It was at the British Conservative Party’s conference in early October that Prime Minister Theresa May stated that the Brexit vote “should make us think of a Global Britain…to look beyond Europe and at the economic and diplomatic opportunities of the wider world”[1].

India was one among eight countries she mentioned with whom the possibility of a free trade agreement with the UK was being explored, given that diplomatic ties between the two were upgraded to a “strategic partnership” in 2004. The broad contours of this bilateral relationship are largely determined by financial transactions through robust bilateral trade ($14.33 billion in 2014-15) [2], investments and foreign direct investments (FDI)[3].

The Indian government plans to raise funds for its infrastructure projects in the City of London. The ‘City’ refers to a county, the financial district, or as is well known in local parlance, ‘the Square Mile’. This is a name that also evokes a grey area where wheeling-and-dealing of all kinds takes place. It houses the world’s oldest markets for international banking (money), equity, and foreign exchange.

These very same markets were accessed 150 years ago when the Great Indian Peninsula Railway (renamed Central Railway and headquartered in Mumbai), a corporation initially based in London, sold its bonds on the London Stock Exchange[4]. Except this time around the Indian Railway Finance Corporation is slated to sell its masala (rupee) denominated bonds for the very same purpose, namely, railway infrastructure.



Similar questions