Business In India

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 Нndia 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 Нndia. Aceita-se a perda desde que se nasce. Vive-se feliz. Envelhece-se sem sofrer pelo que se perdeu. A Нndia 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 Victoria's 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