Business In India
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EVOLVING BUSINESS ENVIRONMENT IN INDIA AND DOING BUSINESS IN INDIA
LEARNING DIARY
01/09/2007 ۞ 08/09/2007
Josй Ricardo de Almeida Rodrigues
NÑ” 34 VI MBA
“A Ðndia nгo se lamenta. Como poderб ter pena se jб nгo lhe resta nada do que foi? Este й o traÐ*o mais budista de toda a Ðndia. Aceita-se a perda desde que se nasce. Vive-se feliz. Envelhece-se sem sofrer pelo que se perdeu. A Ðndia й um reino de antуnimos, cruel e emocionada, viciosa e virtuosa, inerte e inquieta, dolente e divertida, que nos agonia e que nos apaixona. E que nos faz voltar. Sempre…”
Luнs Mieiro
List of frequently used abbreviations
BOT Build Operate Transfer
BPO Business Process Outsourcing
FDI Foreign Direct Investment
FII Foreign Institutional Investor
GATT General Agreement on Tariffs and Trade
GDM Global Delivery Model
GDP Gross Domestic Product
GDR Global Depository Receipts
HTP Hardware Technology Park
IRDA Insurance Regulatory and Development Authority
IT Information Technology
ITA Information Technology Agreement
ITES IT Enabled Services
KPO Knowledge Process Outsourcing
LIC Life Insurance Corporation
METROS Top 8 Cities in the Country
MNC Multinational Corporation
NBFC Non-Banking Financial Company
NBFI Non-Banking Financial Institutions
PPP Purchasing Power Parity
PSB Public Sector Bank
PSU Public Sector Unit
RBI Reserve Bank of India
REMF Real Estate Mutual Funds
Rs Indian Rupee
SBU Strategic Business Units
SDR Special Drawing Rights
SEBI Securities and Exchange Board of India
SEZ Special Economic Zone
SEZA Special Economic Zones Act, 2005
SLA Service Level Agreement
STP Software Technology Park
STT Securities Transaction Tax
TIER 1 CITIES Next Level Cities after Metros
TRAI The Telecom Regulatory Authority of India
VAT Value Added Tax
VCF Venture Capital Funds
WTO World Trade Organisation
SEPTEMBER 1
Visit to Bannerghatta National Park
Bannerghatta National Park is situated 22 km south of Bangalore, Karnataka, India. The journey to the park takes nearly half an hour from Bangalore. This hilly place is the home for one of the richest natural, zoological reserves. The 25,000-acre (101 kmІ) zoological park makes this a major tourist attraction of Bangalore.
The Bannerghatta Tiger and Lion Reserve have a reserve of Indian tigers, lions and other mammals. A mini safari here helps to fund the reserve. The Tiger Reserve of the park has been recognised by the Forest Department of India.
SEPTEMBER 2
Visit to Holy Trinity Church
The beauty of Holy Trinity Church is not alone in its tall tower and unparalleled pillars but also in its high-class statues, of generals and other officials, mural tablets and memorials inside. The Holy Trinity Church is certainly a massive and majestic piece of architectural grandeur. The decorative memorials and articles inside are “history in stone” that speaks the stories of great men and women. If one goes to the tower of the Church one can admire the strength of the structure, the solidarity of the wooden ladders and the view of the beautiful city of Bangalore. We learnt that the Cross which surmounts, it was the present by the Queen Victorias Own West Kent Regiment. “In memory of those who died whilst this Unit was in Bangalore” (1928-32). Many of the older monuments were also made in London by famous firms, the most beautiful being the one of the young Soldier in full uniform, in memory of Lieut. Augustus Croft Dobree, who died in 1867, aged 22. There was also another wall monument of Gen. Clement Delves Hill, clad in the garments of ancient Rome, who died on January 20th, 1845 by the Gersoppa Falls. His brother was a famous commander of the peninsular war. Another monument To Arabella, the wife of Lt. Gen. Sir James Wolfe Murray had full Latin stanzas from Virgil inscribed on it. Some told of tragic occurrences. Maj. Gen. Faunce was lost when, after the campaign in Burma, his vessel was found in the Bay of Bengal, and in the same month his wife died on her voyage to England. Their married daughter died in Tellicherry a few weeks later. There are many more tablets and memorials which speak about the