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The city is considered to be the cultural capital of Maharashtra. It is also known as the "Oxford of the East" due to the presence of several well-known educational institutions. The city has emerged as a major educational hub in recent decades, with nearly half of the total international students in the country studying in Pune. Research institutes of information technology, education, management and training attract students and professionals from India and overseas. Several colleges in Pune have student-exchange programs with colleges in Europe. Pune is also an important centre for civil services training. Pune is also the administrative headquarters of its namesake district. In the 18th century, the city was the seat of the Peshwas, the prime ministers of the Maratha Empire and so was one of the most important political centres on the Indian subcontinent.
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