Why not just use one universal time? At least we would know what time to agree on when planing a call. If I already have to look up the time zone in India before I call, it wouldn't be any harder to look up when people in India go to work or have lunch.
While we are at it I think we should move to a decimal time system. 100 seconds in minute, 100 minutes in hour, and 10 hours in a day. Naturally the second would be a bit shorter; the new seconds would be .864 current seconds. Then meetings could be scheduled in tenths of an hour, 0.2 hrs or 0.5 hrs etc.
We'd have to give this new world wide system a name, so that old time wouldn't be confused with new ones. I suggest saying something like 5.00-T8T (which stands for Todd8 Time) perfect!