Monday April 23, 2018

The ties between Oxford and India

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photo source :http://oxfordhistory.org.uk/

The revered Oxford institution has been here for centuries . Widely celebrated for its world class educational facilities , breathtaking infrastructure and more importantly its maintenance traditional values . It bring together scholars and students from all over the world to study different subjects , this sets the university of oxford a class apart .

Ties between India and Oxford has been strong since the construction of the famed ‘Boden Chair’ for Sanskrit studies in 1832 . Indian presence was further distinguished by the advent of Sir Monier Williams, a well known Orientalist , who was born in India . A massive fan of the Indian culture , He studied ,compiled and documented various Sanskrit texts and wrote an English Sanskrit dictionary . He has always been a major admirer of the Indian culture and the traditional values they uphold . He became the professor of Sanskrit studies in 1860 and got knighted in 1876. Sir Monier Williams built “The Indian Institute” , getting funding from various princes from India, equivalent to 22,000 pounds and acquired the stamp of approval from Queen Victoria herself .

The Indian Institute is a red stoned building with three stories.  Erected with English renaissance architecture , the ground floor is filled with motifs of elephant, bull and other animals .The second floor consists of pictures of Indian warrior gods , depicted with finely chiselled structures.

The Indian institute originally contained a massive library , several lecture rooms and a museum . In 1927 the main library of oxford was shifted to its top floor , which is operational even now. When the library and museum were thus shifted away from the Indian Institute building, the government of India after independence, filed a formal protest on behalf of the families of the original donors, who felt that it was a breach of trust on the part of the University for moving away the library and the Indian artefacts, leaving nothing Indian in Indian Institute .
Many prominent Indians have held posts in oxford including former President, Sarvepalle Radhakrishnan, Noble laureate, Amarthya Sen, India’s chief scientific advisor, C.N.R. Rao, historians, S. Gopal, Thapan Roy Chowdhury and others . Infact former Prime Minister Manmohan Singh is an alumni of the institute .

link :http://m.thehindu.com/features/friday-review/the-indiaoxford-cultural-bond/article8188572.ece

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Big reforms Led to India becoming the fastest growing major Economy globally: Garg

It also has enormous implications for emerging markets and developing countries

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The RBI building in Mumbai.
The RBI building in Mumbai. Photo credit: AFP/Sajjad Hussain

The major reforms undertaken by the Indian government for raising economic growth and maintaining macroeconomic stability have made the country one of the fastest growing major economies in the world, said Subhash Chandra Garg, Secretary, Department of Economic Affairs (DEA).

Garg was addressing the Special Event hosted by US-India Strategic Partnership Forum on ‘Indian Economy: Prospect and Challenges’ in Washington D.C on Friday.

Indian economy needs more reforms.
Indian economy needs more reforms.

He said the launch of the Goods and Services Tax (GST) represented an “historic economic and political achievement, unprecedented in Indian tax and economic reforms, which has rekindled optimism on structural reforms.” He further emphasized that India carried-out such major reforms when the global economy was slow.

“With the cyclical recovery in global growth amid supportive monetary conditions and the transient impact of the major structural reforms over, India will continue to perform robustly,” Garg said.

During his meetings, Garg highlighted that the digital age technologies have profound implications for policies concerning every aspects of the economy. It also has enormous implications for emerging markets and developing countries.

Also Read: Biggest Bank Frauds Which Shook The Indian Economy

He expressed that the response to such a transformation will have to shift from ‘catch up’ growth to adoption/adaption of digital technologies for development and growth.

Garg also informed that India has started adopting policies and programmes for transforming systems of delivery of services using digital technologies and connecting every Indian with digital technologies and access through Aadhaar and other such means.

Indian economy should be on rise.
Indian economy should be on rise. Image: Mapsofindia

While citing the example of expanding mobile data access, he mentioned that India is now the largest consumer of mobile data in the world with 11 gigabytes mobile data consumption per month. He informed that India is investing in digital technologies, encouraging private sector to adapt these technologies and also addressing the taxation related issues by introducing equalisation levy.

Garg is currently on an official tour to Washington D.C. to attend the Spring Meetings of the International Monetary Fund and the World Bank and other associated meetings. He is accompanied by Urjit Patel, Governor, Reserve Bank of India and other senior officials. IANS

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