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Estonia becomes first country to offer e-residency digital citizenship

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By NewsGram Staff Writer

The Republic of Estonia, a small country in northeastern Europe, has become the world’s first country to offer e-residency. A new scheme has allowed people from all over the world to get a digital identity provided by the Estonian government and set up a company with zero per cent corporate tax in Estonia.

The credit card sized e-residency permit provides the holder with an array of services, like submitting taxes online, accessing bank accounts, digitally signing documents, etc.

In a short span of six months after the scheme’s launch, Estonia already has 2,000 e-residents. According to a news report, Estonia is planning to increase this number to 10,000 by the end of this year.

This scheme gives access to the digital services of Estonia; however, the card should not be mistaken for unrestricted access to Estonia or the European Union (EU). The managing director of the e-Estonia showroom, Siret Schutting told IANS, “The services of the e-residency card are restricted to the virtual world, so residency or citizen services are not included and this cannot be used as an identification card or replace the mandatory visa or passport for entry into the EU.”

Since this scheme of e-citizenship is a fairly new product, several modifications are being done to it in order to improve the services it offers. Earlier, it was essential for a new e-resident to be present in Estonia at least once to identify him/her with biometric data. However, now all these formalities can be completed in any of the Estonian embassies located globally.

India has responded to this new scheme in a positive manner. Estonian Ambassador to India, Viljar Lubi, said, “Interest in India has been very keen, even without us actively promoting it. In India, it has been proved time and again that good ideas spread the fastest by word of mouth.”

This scheme is very useful for the entrepreneurs who intend to expand their business to the European Union. An Indian businessman, Bashyam Krishnan, told the news agency, “This is a simple and accessible gateway to the European Union. One can set up a company within 10 minutes. And from there on, the EU becomes your market.”

Krishnan added, “The services offered as a part of this are varied and nearly everything can be done with the touch of a button. The system is that easy and user friendly. Additionally, multiple security measures are there from secure passwords to a log system to check illegal access. I believe that it is extremely secure.”

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Ancient India Maritime History: Trade Links With Europe and Southeast Asian Nations

Excavations Provide Evidence About Ports that Played a Major Role in Overseas Trade in Past

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Ancient India maritime route
Ancient Indo-Oman maritime trade route. Wikimedia
  • The maritime history begins from the 3CE when the Indus Valley people initiated trading contact with Mesopotamia
  • Tamil Nadu being a coastal state had more than 16 ports across Chennai which had trade links with China, Egypt, parts of Europe
  • Presently in Tamil Nadu, a deep-sea port has been proposed in Enayam which would emerge as a major port for Indian cargo to be exported

June 27, 2017:

Before the incipience of air transport, mankind was dependent on sea links for transportation and trading of goods between continents. Sea was the major form of transportation in the past and even though people still use the sea for transport, most of the trading is now usually done through the air transport.

As we look back in time, the ports were the busiest place to be, because sailors were the only people who could get you and your goods across countries. In India too, we had ports down on the southern region so that we could access trade with all over Europe and Middle East countries.

The Ancient India maritime history begins from the 3CE when the Indus Valley people initiated trading contact with Mesopotamia. Indian Silk was one of the most traded product but later on, Indian spices took hold of most of the trading to the West surpassing Silk.

Tamil Nadu being the coastal state had more than 16 ports across Chennai and Tirunelveli which had trade links with China, Egypt, parts of Europe and South-east Asian countries. Archaeologists say ancient Tamil literature and excavations provide evidence about the existence of such ports that played a major role in overseas trade in the past.

C Santhalingam, the secretary of Pandya Nadu Centre for Historical Research told that these sea routes in Tamil Nadu can be traced to the Sangam Period which was from (3CE BC to 3CE AC) and said, “The historical coastal town of Kaveripoompattinam (Poompuhar in Nagapattinam district) recorded import of horses from Arab countries and finished goods from Indonesia and Sri Lanka. The port was also a major centre for the export of spices from South India.

Ancient port was built differently from the modern ports which are at the coastline as they were situated over the river mouths because the transporting ships in the past were not as big as the ones now, so the river mouths were the right places for safe docking of the ships.

Presently in Tamil Nadu, a deep-sea port has been proposed in Enayam in Kanyakumari district which would emerge as a major port for Indian cargo to be exported. The proposed budget for this port is 27,570 crore and the port would act as a hub for the global east-west trade route and also reduce the logistics cost for Indian traders dependent on transhipment in Colombo and Singapore giving rise to maritime link jobs.

prepared by Sumit Balodi of NewsGram. Twitter: @sumit_balodi