Tuesday, 1 April 2014

No first lady for India as bachelors battle for PM job

Narendra Modi (L) and Rahul Gandhi (R) PHOTO: REUTERS
NEW DELHI: In marriage-obsessed India where people are expected to wed young and produce progeny soon after, two single men are battling it out on the election trail for the prime minister’s job.
On one side is fiery frontrunner Narendra Modi, 63, a white-bearded Hindu nationalist who likes to be seen as a modern-day “monk with a mission”, according to biographer Nilanjan Mukhopadhyay.
On the other is Rahul Gandhi, 43, the scion of the Gandhi-Nehru dynasty who tops eligible bachelor lists and is known as the “reluctant prince” for his diffidence about assuming his family inheritance as leader of the ruling Congress party.
Modi, the hawkish conservative candidate for the opposition Bharatiya Janata Party, tipped to oust the scandal-tainted Congress in the polls starting April 7, reportedly walked away from a marriage arranged when he was a child.
He has never commented on the relationship, but the woman, 62-year-old retired school teacher Jashodaben, said recently that she didn’t “feel bad” that she has never been acknowledged.
“I know he is doing so due to destiny,” she told the Indian Express in February.
Reports say the marriage was never consummated and Modi went on to rise through the ranks of the Rashtriya Swayamsewak Sangh (RSS) Hindu group which frowns on marriage for its senior cadres.
Modi, a strict vegetarian who says he “actually enjoys loneliness”, has made a virtue of his de facto single status, saying it will help him clean up India’s rampant corruption.
“I’ve no familial ties. Who would I ever try to benefit through corruption?” he told a rally, claiming only those free of filial ties can end what opponents charge are years of corrupt rule by the Congress party.
And he wouldn’t be the first single man as Indian PM.
Atal Behari Vajpayee, another BJP leader who served as premier from 1998 to 2004, said he never wed because he “did not get time”.
Both Modi and Gandhi keep their private lives strictly under wraps — so much so that according to a Google trends report, some of the most frequently searched questions are “Who is Modi’s wife?” and “Who is Gandhi’s girlfriend?”
Gandhi last year declared he did not want to wed, saying he feared he would “become status-quoist and want my children to take my place” and perpetuate his family’s dominant political role.
But in words that revived hopes of ambitious mothers across India last month, he said he would wed “when I find the right girl”. In the past, he has been linked to several foreign girlfriends.
But being single is no disadvantage in Indian politics, according to Subhash Agrawal who runs the think-tank India Focus.
“In the Hindu tradition, being an ascetic and renunciation (of worldly things) has always been respected,” Agarwal told AFP.
Also from a voter viewpoint, not having a family “means there is much more chance the politician is honest — he’s no family to enrich”.
In the unlikely event that the next prime minister is chosen from one of India’s smaller regional parties, there are high chances of a fellow, but female, singleton being selected.
Two of the most influential ones — Mamata Banerjee from West Bengal and Jayalalithaa Jayaram from southern Tamil Nadu — have no acknowledged partners. A third female regional powerbroker, Mayawati, is also unmarried.
While both Modi and Gandhi have repeatedly expressed their support for the rights of women in male-dominated India, Modi has found himself under fire for his views on the other sex in the past.
In 2012, he branded the wife of a prominent Congress lawmaker, and successful businesswoman in her own right, his “50 crore (500-million rupee) girlfriend”.
A recent scandal focused on allegations Modi’s right-hand man used the state’s intelligence agencies to spy on a woman with whom the politician was supposedly infatuated.
Lately Modi has sought to broaden his appeal among women, insisting there can be “no compromise attitude” on discrimination against them and they must be free to choose “their career and marriage”.
The last 18 months have seen a nascent women’s rights movement take form in India after the shocking fatal gang-rape of a 23-year-old student on a moving bus in New Delhi in December 2012.
Feminists are keen to see the next government carry forward this momentum, but some are unsure of Modi’s credentials.
“The BJP has never been particularly known for its progressive attitudes toward women and there’s no reason to believe a Modi government would be good news for women,” feminist publisher Urvashi Butalia told AFP

Afghanistan: The military battle that precedes the political one

Afghan supporters attend campaign rally. PHOTO: AFP
KHOGYANI: In a small village in a poppy-covered valley in eastern Afghanistan, a group of soldiers rest and eat after shelling the Taliban for several hours – until a burst of gunfire cuts lunch short.
The men of the Afghan army’s fourth infantry brigade have been tasked with clearing the Taliban from the Khogyani and Sherzad districts of the restive province of Nangarhar, ahead of Saturday’s presidential election first round.
Whoever wins the race to succeed President Hamid Karzai will inherit a fragile security situation with local soldiers fighting a still-resilient Taliban insurgency, soon without the support of Nato combat forces, which are leaving Afghanistan.
The fourth infantry brigade’s “Operation Eagle 30″ began before sunrise, with dozens of military vehicles roaring out of the base into the countryside.
The troops moved quickly and soon reached a valley of emerald green – poppy fields, the opium goldmine that finances the Taliban insurgency to the tune of millions of dollars a year.
Briefing his men the day before the offensive in a fortified camp half an hour from the provincial capital Jalalabad, General Dadan Lawang reminded his “lions” of their historic duty.
“As you all know, we are at a critical juncture in Afghanistan at the moment – the presidential and provincial council elections,” he cried.
“We must fight our enemies and eliminate the insurgents from this district,” he said, gesturing to the rugged mountains where the Taliban hide, earning a noisy “Allahu akbar!” (God is greater) from his men.
Since they were thrown out of power in 2001, the Taliban have led a insurgency which 12 and a half years of Western military intervention have not succeeded in quelling.
The militants still hold sway in certain parts of the country and they have vowed to disrupt the election, prompting fears of low turnout and a discredited poll.
Shots and shivering
Once in the poppy-lined valley, things start to get serious for the Afghan troops – fearing ambush and roadside bombs, the convoy edges its way forward.
“These roads are not finished, the insurgents have laid mines everywhere,” said Colonel Shirin Agha.
Scarcely had he said this when a huge explosion echoed from further down the road – a roadside bomb, but one which failed to cause any casualties.
The fall of evening brought darkness and the first skirmish with the militants. As the soldiers reached the top of a hill, shots rang out, seemingly from nowhere.
The soldiers unloaded mortars and a cannon, and began firing on the snowy hillsides around the valley.
After a biting cold night for the soldiers on the hillside, the offensive began again in the morning – artillery and American A-10 attack aircraft strafed the valley.
After three hours, Colonel Zubair Ahmad, a tetchy, energetic commander shouting orders into a walkie-talkie to direct operations, called a halt to the barrage.
The convoy moved off and stopped in a little village where the soldiers threw themselves on a well to drink and lined up at a huge cooking pot for a plate of rice and a lump of meat – their first hot meal since leaving base.
A few minutes later their plates were flying and the men rushing to their weapons – the Taliban were attacking despite the army’s morning-long bombardment.
But if the rebels have the advantage of surprise, the Afghan troops are better equipped and their response was a brutal torrent of fire from rifles, heavy machine guns, and rocket-launchers, while the American A-10s once again roared overhead to strafe the mountain.
“Our convoy faced the enemy ambush and our army forces and police bravely gave them a jaw-breaking answer – the enemy have fled from the area,” said Sergeant Ahmad Qais, reloading his rifle.
Lawang too declared Operation Eagle 30 a success and spoke bullishly of the Afghan army’s ability to tackle the threat posed by the Taliban – even without American military assistance on land and from the air.
The ability of the new president to lead Afghanistan to a more stable, prosperous future will depend greatly on this, and it remains to be seen whether the general’s confidence is well-founded.

Sighs of relief: Oil prices lowered by 5.3 per cent

The move to lower oil prices came soon after the prime minister approved a summary moved by the Oil and Gas Regulatory Authority (Ogra).
ISLAMABAD: 
Consumers heaved a sigh of relief on Monday after the government slashed prices of petroleum products by 5.3 per cent in line with the dollar’s depreciation against the rupee. The new rates will be effective from April 1 (today).
The move to lower oil prices came soon after the prime minister approved a summary moved by the Oil and Gas Regulatory Authority (Ogra).
According to a notification issued by the regulator the price of High Speed Diesel (HSD) – which is widely used in heavy transport vehicles and the agriculture sector, has been cut by Rs2.90 per litre (2.5 per cent) bringing it down to Rs 113.85 against an earlier price of Rs 116.75 per litre.
Whereas the price of High octane blending component (HOBC), a fuel mostly used in luxury and high performance vehicles has been sliced to Rs136.57 against an earlier price of Rs 141.23. Similalry, the price of petrol has now come down by Rs1.72 (1.6 per cent) to Rs 108.31 per litre against the current Rs110.03 per litre.
In a move aimed at minimising the reliance on petrol and reducing the oil import bill, the PML-N led government announced uninterrupted provision of compressed natural gas (CNG) from 10 am to 4 pm on daily basis in Punjab from Tuesday (today).
Apart from farmers and transporters, the reduction in the price of petroleum products is expected to have a favourable effect on the country’s spiralling inflation.  “If the government is able to force the transporters to cut fares, it will also bring down inflation,” an official said speaking on condition on anonymity.
Kerosene oil, which is used for cooking purposes in remote areas where liquefied petroleum gas (LPG) is not readily available, recorded a substantial decrease of Rs 5.61 per litre (5.3 per cent), standing at Rs 101.15 against the existing price of 106.76 per litre.
The price of light diesel oil, consumed mainly by industrial units, has also been reduced by Rs 5.16 (5.1 per cent), reaching Rs 95.06 compared to price of 100.22 per litre.
Consumers of high octane blending component, used mainly in luxury vehicles, saw a reduction of Rs 4.66 (3.3 per cent) to Rs 136.57 per litre compared to Rs 141.23 per litre on March 1.
Separately, Prime Minister Nawaz Sharif has also written a letter to the provincial chief ministers following the reduction in petroleum prices, crediting the appreciation of Pakistani rupee vis-à-vis dollar, marking a 5 per cent decrease in import costs.
In his letter, the premier said that it is high time to pass on benefits of cheaper imports and cheaper cost of transportation to the consumers. People expect lower fares for urban and inter-city transport, stated Prime Minister Nawaz.
The premier further said that “We expect lower prices of essential commodities due to lower transportation costs. I expect your personal interest and strong follow-up for immediate relief to the people of Pakistan”.

Kharif season: Amid lack of storage facilities, 15% of water to be lost

Committee members said that the Irsa technical committee had anticipated a water loss of 30% in the Indus system and 20% in the Jhelum system in early Kharif. PHOTO: FILE
ISLAMABAD: While giving its seal of approval to water demand from provinces for the Kharif sowing season, the Indus River System Authority (Irsa) has projected a 15% loss of water, which flows into the sea due to a lack of storage dams.
“A quantity of 67 million acre feet (MAF) of water will be available for the Kharif season and 10 MAF will be wasted as water will flow into the sea due to insufficient storages,” the Irsa advisory committee observed in a meeting here on Monday with chairman Mohammad Nasim Bazai in the chair.
Apart from this, the committee was of the view that an average 10% of water would go to waste in the wake of system deficiencies – theft and leakage – during the season, which runs from April to September.
Committee members recalled that the Irsa technical committee had anticipated a water loss of 30% in the Indus system and 20% in the Jhelum system in early Kharif. Later in the season, the loss would come down to 20% in Indus and 15% in Jhelum.
According to sources, Sindh and Balochistan got engaged into a controversy during the meeting when the latter alleged that Sindh had stolen its water during the just-ended Rabi sowing and harvest season.
Irsa Chairman Bazai assured Balochistan that an inquiry was under way to address the issue of water theft. Balochistan would get its entire share in the Kharif season, he stressed.
Later talking to the media, Bazai said Irsa’s advisory committee had unanimously approved the water share of provinces in Kharif, according to which Punjab would get 33.94 MAF, Sindh 30.49 MAF, Khyber-Pakhtunkhwa 0.82 MAF and Balochistan 2.56 MAF.
“Provinces will receive a total of 67 MAF in the Kharif season,” he said, adding 10 MAF would go into sea due to shortage of dams while 10% of water would be wasted due to system losses. This season, the provinces would get an additional 20 MAF, he said.
Earlier, the technical committee in its last meeting had estimated that the country would have 108 MAF of water in its rivers in the season. In addition to this, Mangla Dam would have carryover stock of 1.5 MAF and Tarbela Dam 0.50 MAF. The carryover stock is the result of better inflows and recent rains.
“This time, we will be easily able to fill the dams to the brim. Water level will be at maximum at 1,242 feet in Mangla Dam and will be at 1,550 feet in Tarbela reservoir,” an Irsa official said.
Owing to improved water supply, the country would have enough water to generate hydroelectric power to mitigate looming shortages,” the official added.
In Monday’s meeting, Irsa members noted that the Rabi season faced only 7% water shortage, therefore, wheat production would be better due to improved water supplies.

Outlook stable: S&P affirms Pakistan’s ratings at ‘B-/B’

“We believe Pakistan government’s reform efforts and the International Monetary Fund lending programme will help contain external liquidity risks and gradually strengthen the country’s fiscal and economic profiles,” S&P said
NEW YORK.: 
Standard and Poor’s ratings agency has affirmed ‘B-’ long-term and ‘B’ short-term sovereign credit ratings on Pakistan with a stable outlook.
“We believe Pakistan government’s reform efforts and the International Monetary Fund lending programme will help contain external liquidity risks and gradually strengthen the country’s fiscal and economic profiles,” S&P said in its assessment on Monday.
However, Pakistan has significant security risks, weak institutional and governance effectiveness, low external liquidity, low per capita income, a weak fiscal profile, high public debt and a lack of monetary flexibility, it pointed out.
The stable outlook on the long-term rating balances the potential benefits of the government’s reform efforts and the IMF lending programme against vulnerabilities from external liquidity risk and domestic and external security risks, S&P said.

 Sovereigns Rating List
P
Pakistan (Islamic Republic of)
Panama (Republic of)
Papua New Guinea (Independent State of)
Paraguay (Republic of)
Peru (Republic of)
A
Philippines (Republic of the)
Poland (Republic of)
A
Portugal (Republic of) (Unsolicited Ratings)
Q
Qatar (State of)

Foreign investment: Repatriation of profits stronger and higher

In February alone, the repatriation of profit from companies operating in Pakistan to their stakeholders based in foreign countries amounted to $124.5 million. ILLUSTRATION: JAMAL KHURSHID
KARACHI: 
Total repatriation of profits on foreign investments amounted to $728 million in the first eight months of 2013-14, up 32.8% from the corresponding period of the preceding fiscal year, according to data released by the State Bank of Pakistan (SBP).
In February alone, the repatriation of profit from companies operating in Pakistan to their stakeholders based in foreign countries amounted to $124.5 million, up a massive 214.4% from the repatriation of $39.6 million recorded in February 2013.
It should be noted that the amount repatriated as profits/dividends in the first eight months of 2013-14 far exceeds the net foreign direct investment (FDI) that the country received over the same period. FDI amounted to $606.3 million in July-February, which is roughly 83.3% of the profits repatriated during the same period.
Similarly, net FDI during February was $79.2 million as opposed to the profit repatriation of $124.5 million in the same month.
A major chunk of total repatriation came from the payment of profit on FDI as opposed to foreign portfolio investment (FPI). Out of the total repatriation of $728 million, profits on FDI constituted about 82.9%, or $604 million, during the eight-month period.
In order to encourage investment in the country, the government allows 100% foreign ownership of businesses and unrestricted repatriation of profits.
The repatriated profits of the thermal power sector in July-February were $122.7 million, up 167.9% from the corresponding figure recorded in the comparable period of the last fiscal year. Similarly, the oil and gas exploration sector repatriated a total of $91.3 million in July-February, which was 140.2% higher than the corresponding eight-month period of 2012-13.
Other sectors that recorded substantial repatriations in the eight-month period were petroleum refining ($59.8 million), food ($51 million) and transport ($36 million).
However, financial businesses repatriated the largest amount to their stakeholders in foreign countries in the first eight months of 2013-14. With the payment of $162.1 million profits in July-February, the year-on-year increase in the repatriated amount for financial businesses remained 22.3%.
The increase in the repatriation of profits can be in the form of either dividends or liquidation of foreign holding.
Speaking to The Express Tribune, Sherman Securities Head of Research Farhan Mahmood said the higher level of profit repatriation in the financial sector should be attributed to the dilution of foreign holding in a few banking-sector companies.
He said a major foreign fund liquated its substantial stake from Faysal Bank in the first half of 2013-14, which substantially increased the overall repatriation level in the first eight months of the current fiscal year.
“Growth in the repatriation of profits is good if it is achieved by higher corporate earnings and increased dividends. It reflects international investors’ confidence in the country’s economy and its prospects in the long run,” he said.
Mahmood added that although core earnings of Pakistani banks with foreign holdings were modest in 2013, their top lines remained stable due to reduced provisioning against non-performing loans. “This resulted in attractive dividend payouts and increased profit repatriation,” he said.

Postcolonial payback: The East India Company is back

The company that ran a country is now run by an Indian. DESIGN: MUNIRA ABBAS
I went to the East India Company (EIC) last year… barely able to contain my mirth on the way to its flagship emporium at No. 7 Conduit Street in London. And when an extremely pleasant ‘white’ man served me tea to sample there as I browsed, I nearly fell out of my skin. You will experience such post-colonial glee only once in a lifetime, I told myself as I gingerly sipped from the glass teacup. This ‘native’s’ encounter was further enriched upon learning of a double irony: The East India Company is owned today by — an Indian.
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(Below) This artisanal black salt (£10) is produced in natural lava pans with the purest of Hawaiian waters. It owes its rich colour and robust flavour to detoxifying charcoal. Next to it is the Murray Darling salt, extracted from Australia’s longest river and uniquely peach-hued salt (£10). PHOTOS: TOOBA MASOOD
Fifty-year-old businessman Sanjiv Mehta bought the defunct company’s registration in 2005. News of the EIC’s revival made international headlines five years later when he opened its London store, incidentally on the same day the company was shelved 135 years earlier. He told the Financial Times then that, “People are rejoicing because an Indian has bought the EIC — it is a symbol of redemption.”
The EIC emporium is located on Conduit Street, close to the famous toy store Hamleys and a short walk from Oxford Circus. You enter its luxurious crimson and shale interior to encounter wooden caskets and chests spilling over with gourmet delights — the EIC has about 350 luxury food products. Their Poppy cordial, in particular, stands out as a reminder of the vast opium trade that the EIC engaged in to pay for Chinese tea.
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For the less naughty there are floral and syrup cordials in the inviting Hibiscus, Violet, Orange Blossom and Mimosa flavours, among others. Tea drinkers can choose from Blend No. 65 pomegranate and lemon, Bombay chai and even Custard Apple ‘Soursop’ leaves, which are just a few of the names. For those with a predilection for hi-tea acrobatics, there is the Thousand Year Red, a green tea bulb woven with the Globe Amaranth Flower which ‘blooms’ when you put it in water.
Each cover of a jar of tea carries the red ‘wax’ seal of the Company’s logo, a heart-shaped figure containing the initials of the company in its three chambers and topped by a figure four. This symbol used to help people identify goods arriving at the ports and was referred to as the ‘chop’, a British linguistic interpretation of our ‘chhaap’ or stamp.
If you aren’t much of a tea drinker please try the Tiger of Mysore Mocha Mysore Espresso Grind (250g). Perhaps some dark chocolate with red peppercorn might interest you? The prices for the gourmet line range from £3.50 for tea to £15 for coffee.
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In a completely other league, though, is the EIC’s return to the bullion trade. In 2012 it started remaking coins to target collectors and connoisseurs. Of course, the Company is famous for bringing the word ‘cash’ into circulation (Tamil ‘Kasu’ for coin) and used to make its own currency, starting in 1677. Now you can buy an original 1841 Queen Victoria One Mohur Gold coin. It comes with a letter of authenticity, costs 4,500 pounds and there are only four available. If they are snapped up and you still want to get in on a piece of the action, you may have to wait for the company’s jewellery line which would include pieces inspired by the Mughals.
History and future
The EIC was created on December 31, 1600, via a royal charter by Queen Elizabeth I, the virgin queen, when she gave 200 merchants a monopoly on trade in South Africa. She died within two years. Eight years later, the EIC’s ships landed in Surat.
One of the first men to make contact with the Indian rulers, in this case Emperor Jehangir, was a man called William Hawkins, who spoke fluent Turkish. Details of their encounter are spelled out in Anthony Wild’s splendid book, The East India Company: Trade and Conquest from 1600 (Harper Collins and reprinted by the EIC). Jehangir was so impressed by Hawkins’ ability to speak the language that he found him an Armenian Christian wife and gave him command of 400 cavalry with the title of ‘Khan’ and a huge salary.
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(Above) Delicate, flowering teas, such as this rose bud one, gently bloom in hot water to unfold an exquisite bouquet of colours, fragrances and flavours (£10). (Top right) Cordials were famously used throughout the East to add an essence to water or tea and even to flavour sweets. The EIC has eight flavours each bottle priced at £7.95. (Inset) The EIC’s new owner Sanjiv Mehta. PHOTO: BBC
The EIC’s focus was spices but it soon caught up with the textile trade which involved cloth such as calico, chintz, muslin and raw silk. What we know today as the famous ‘British’ floral Chintz pattern is actually ‘Indian’. This fast-dyed cotton emerged in India and the word comes from a Sanskrit word meaning coloured or spotted, according to experts from the Victoria and Albert Museum in London that inherited much of these collections. The textiles from India were famous for their stunning red madder dye and violet-blue indigo.
Textiles became so important that the EIC set up factories in Bombay, Madras and Calcutta, which became the company’s main administrative hubs or “presidencies” and “have since developed into the largest cities of modern India,” as Wild notes.
Lingering post-colonial misgivings aside, it would not be fair to ignore that the EIC was instrumental in changing how the world does business. At one point it conducted and controlled 50% of world trade and its influence extended to one-fifth of the world’s population. The company’s jewel-toned website says, quite aptly: “The East India Company’s employees did not set out to change the world. They were people who set sail to establish trade routes, to discover and bring back new goods, and in doing so broke down the barriers of the world.”
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White needle green tea leaves with a vibrant red Globe Aramanth blossoming at its centre for the Thousand Year Red (£10). PHOTO: EICFINEFOODS.COM
Refreshingly, though, the website also says that the people who ran the Company — explorers, traders, innovators — took risks, broke new ground and “sometimes got it wrong”. This indicates that its new managers are not pretending as if the EIC’s history of slavery, colonialism and oppression is something they can simply sweep under the carpet.
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A staffer pours a cup of tasting sample. Today, the EIC’s curated tea library offers over 120 varieties.
PHOTO: TOOBA MASOOD
One wrong, for example, was ruling large parts of India from 1757.
But there are many other documented wrongs. When drought struck Bengal in 1769, the Company raised taxes and refused to intervene; as many as seven million died in the resulting famine, reports Nick Robins in his book, The Corporation That Changed the World: How the East India Company Shaped the Modern Multinational (Pluto Press, 2006). Hypocrisy and double-standards are some of the lesser sins. “Tea would become the Company’s commercial swansong,” writes Robins. “But this glamorous trade rested on a deadly secret: its growth was paid for by the mass smuggling of opium from the Company’s Indian territories into China.” And of course, then was the use of force. Its private army took over the bulk of the subcontinent.
In 1757, the EIC’s private army defeated the Nawab of Bengal at the Battle of Plassey. A puppet ruler was installed and this was the turning point at which historians have generally felt the British Empire in India was created. Its end was marked by an uprising in 1857-58, which we know as the First War of Independence in India. On June 1, 1874, the company ceased to exist.
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In the East India Company’s London flagship store hundreds of luxury food products are on display, from condiments to coffee. You can buy them online at eicfinefoods.com. PHOTO: TOOBA MASOOD.
It is safe to say that reviving the company 144 years later probably doesn’t open any wounds. But given its pivotal role in shaping the trajectory of India and Pakistan, do people react badly to bringing it back? Sanjiv Mehta told the BBC that he had received 15,000 emails of support from Indians. And while we no longer live in a time when companies can take over countries, as I left the emporium with a small blue tin box (which was all I could afford), I couldn’t help but muse: imagine the East India Company ruling England today.
FUN FACTS
1.      The benefactor after whom Yale University is named, Elihu Yale, worked at The East India Company and worked his way up to become governor of Fort Saint George, Company’s installation at Madras.
2.     In 2008, the UK scrapped laws on the East India Company because it had shut during the 19th Century.
3.     The city of Singapore was established by the EIC.
4.     Words like calico, dungarees, gingham, khaki, pyjama, sash, seersucker, shawl, are all Indian-inspired because of the EIC trade. It also involved nainsooks, sassergates, alliballies, humhums, jamdanies.
5.     Charles II had acquired Bombay which he leased to the EIC in 1668 for an annual rent of 10 pounds. Its name comes from the Portuguese ‘Bom Bahia’ or beautiful bay.
6.     By 1857, the EIC had 43 warships and 273 European officers.
7.     Punch was a favourite with the Company’s employees in India. The word is from the Hindi/Urdu ‘Panch’ meaning five. This refers to the five ingredients then used in the drink: tea, arrack, sugar, lemons and water.
8.     The word factory originally meant an East India Company trading station. The word factory comes from factor: A factor was a Company buyer/seller. Staff were promoted by grades: writer, factor, junior and senior merchant.
9.              The word ‘Posh’ comes from ‘Port Outward Starboard Home’. It originated in the days of The East India Company’s ships departing from the UK for the Indian Ocean. The Port or left side of the ship’s cabins faced east and received the sun (plus the coastal view). The opposite was true on the return trip.
Mahim Maher is an editor at The Express Tribune. She tweets @Mahim_Maher 
Images courtesy: The East India Company: Trade and conquest from 1600