Shambhu Ghatak (@RWA_Uncle) profile picture

Researcher

New Delhi
Joined December 2009
Photo by Shambhu Ghatak (@RWA_Uncle)Photo by Shambhu Ghatak (@RWA_Uncle)Photo by Shambhu Ghatak (@RWA_Uncle)Photo by Shambhu Ghatak (@RWA_Uncle)Photo by Shambhu Ghatak (@RWA_Uncle)Photo by Shambhu Ghatak (@RWA_Uncle)Photo by Shambhu Ghatak (@RWA_Uncle)Photo by Shambhu Ghatak (@RWA_Uncle)Photo by Shambhu Ghatak (@RWA_Uncle)Photo by Shambhu Ghatak (@RWA_Uncle)
Shambhu Ghatak retweeted
Borrowed confidence and megalomania bundeled together to celebrate a backstop deployed for a fragile economy; Diaspora's confidence? NRIs get a largess of 14% yield for 3-5 yrs, more than 2x what Indian depositors get on FDs, #fcnrb
➤The Reserve Bank of India's special USD-INR forex swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings (OFCB) and External Commercial Borrowings (ECB), launched on June 8, 2026, has driven an unprecedented surge in foreign exchange inflows into the country ➤The facility mobilized US$73 billion in foreign exchange inflows as of August 21, 2026. ➤FCNR(B) deposits alone accounted for US $65.40 billion, underlining the overwhelming response of Non-Resident Indians to the scheme ➤The scheme's success underscores the strength of the Indian diaspora, who have reposed faith in the Indian banking system ➤It also highlights their enduring economic and emotional stake in India's growth story, channeling savings into FCNR(B) deposits at a pace that has consistently exceeded expectations Read the full details here: pib.gov.in/PressReleasePage.… @FinMinIndia
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Shambhu Ghatak retweeted
Much like K Srikkanth’s ability to wrong-foot spectators with a shot seemingly aimed at the pavilion that instead raced to the boundary behind him, our Chief Statistician displays identical finesse.
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This morning UN staff honoured colleagues who had made the ultimate sacrifice. The UN flag flew at half-mast at the Organization’s offices around the world on Monday in memory of the 101 staff members of the UN agency for Palestine refugees, UNRWA, killed in Gaza since 7 October.
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𝙒𝙚 𝙣𝙚𝙚𝙙 𝙖𝙣 𝙞𝙢𝙢𝙚𝙙𝙞𝙖𝙩𝙚 𝙝𝙪𝙢𝙖𝙣𝙞𝙩𝙖𝙧𝙞𝙖𝙣 𝙘𝙚𝙖𝙨𝙚𝙛𝙞𝙧𝙚. 𝙄𝙩’𝙨 𝙗𝙚𝙚𝙣 𝙩𝙝𝙞𝙧𝙩𝙮 𝙙𝙖𝙮𝙨. 𝙀𝙣𝙤𝙪𝙜𝙝 𝙞𝙨 𝙚𝙣𝙤𝙪𝙜𝙝. 𝙏𝙝𝙞𝙨 𝙢𝙪𝙨𝙩 𝙨𝙩𝙤𝙥 𝙣𝙤𝙬. Heads of 18 UN agencies & NGOs issue a joint statement on #Gaza.
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To no one's surprise, the Nobel Prize goes to Claudia Goldin Here are 3 things from her to start your dive into her work:
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10 More Excellent Books for Policy Minded Progressives 1) Good Economics for Hard Times - Banerjee + Duflo. Great, entertaining overview of current areas of debate and what the empirics currently suggest. Great reference book, topics ranging from growth to trade to immigration.
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Shambhu Ghatak retweeted
Congratulations to The Hindu’s editorial team on this page 1 headline — the best by some distance in the Indian media and, dare I say, in the international media:
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Shambhu Ghatak retweeted
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It's Mohammed Rafi's death anniversary, and if you've been to the popular Aminia Hotel branch in New Market, you'd likely know about the Taj Mahal Pan Shop located beside the hotel. This renowned Pan Shop is dedicated entirely to the legendary Singer and is one of its kind. 1/4
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Shambhu Ghatak retweeted
In a military cemetery in Northern France lies the grave of a Bengali man who was known to his friends as Jon. Jon is believed to be the first Bengali man to have died in the Great War. This is his story. 1/16
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Shambhu Ghatak retweeted
Like it or not, real wages are stagnating. "Nothing like this has happened for a very long time."
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Shambhu Ghatak retweeted
"India’s most important economic indicator is also the most neglected: the growth of real wages..." - close to zero in the last 8 years.
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Against the backdrop of land subsidence in #Joshimath, #Uttarakhand, the question that can be asked is whether #infrastructure spending (capex in short) in #UnionBudgets should take place without considering the environmental consequences.
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Please Read Our Latest #News_Alert on India's Farm Sector. INDIA'S FARM SECTOR PERFORMANCE HAS IMPROVED OVER THE YEARS, SHOWS LATEST FAO REPORT link- bit.ly/3G9D2Az And please also tell how you liked this #News_Alert. @RWA_Uncle
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पाताल के पानी का भरपूर दोहन कर रहे हैं हरियाणा, पंजाब और राजस्थान; भारत में भूमिगत जल की वस्तुस्थिति क्या है? पढ़िए @IM4ChangeIndia का यह लेख. लिंक- im4change.org/hindi/news-ale… ;
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