
soma banerjee
5K posts

soma banerjee
@somaet
Journalist at heart believes in humanity. Author The Disrupter https://t.co/qPyOUhxbxH. Ex National Economics Editor, The Economic Times. Tweets personal







32 years of married life today! ( we were married on 11-04-1994) Secret of togetherness ? Keep drinking coconut water 😃 @sardesairajdeep






Business Confidence, Growth Momentum! 🇮🇳🌍🌟🌅 #Indiaonthemove 3-Ts-➡️Technology ➡️Trade ➡️ Tourism ProMotion 🙏🏼🤝 Consul General @PratikMathur1 was happy to host a high powered delegation from India's leading business chamber - the Confederation of Indian Industry @FollowCII. CG welcomed President, CII Shri. Rajiv Memani and senior corporate colleagues to the Eastern China Region for the visit which was taking place after a gap of several years. ➡️ From manufacturing to services, from tourism to trade and technology, Consul General underlined the strong growth potential in bilateral cooperation by building synergies to further explore complementarities in keeping with our philosophy of #VasudhaivaKutumbakam. ➡️ Participants from all sides, while welcoming India's growing economic development trajectory, also underlined the growing importance of developing cooperation towards building #Global #Resilient #Supply Chains. ➡️ After the recent historic signing of the India-EU FTA and the successful hosting of the AI Summit in New Delhi, CG also spotlighted opportunities for stronger B2B cooperation under frameworks such as #BRICS, with India hosting the summit engagement soon and Shanghai being the home to #NDB BRICS Bank which showcases Global South cooperation. ➡️ After the @phdcci corporate delegation, this was the second major Indian business delegation traveling to the region in recent weeks. Read the full press release here 👉🏼 cgishanghai.gov.in/Event?id=743 ☀️ 🪷 ✨ Jai Hind Jai Bharat @EOIBeijing @IndianDiplomacy @indiandiplomats @PIB_India @DDNewslive

Important 👇

Reactions to the RBI cap on open positions in the onshore forex mkt -Bankers shocked by this sudden cap imposition -Say total positons that need to be wound down could be $40 bn, probabaly more if one counts options -If difference between $-rupee rate in NDF mkt & onshore mkt on Monday rises to say Re 1, mark-to-mkt losses for banks would be $40bnxRe1= Rs4000cr. -This Rs4,000 cr is between foreign, pvt & PSU banks -Being year-end this loss may have to be booked in FY26 P&L -Bankers are hoping RBI will tweak rules a little by tomorrow morning: -Very optimistic ask: RBI grandfathers current open positions, says rule applies to fresh positions only -Moderately optimistic hope: RBI gives 3 months time to bring down open positions to $100mln -Less optimistic hope: RBI extends time to bring down open positions to April 30, i.e. 1 month -Pessimistic position: RBI doesn't budge

The best long term way for India to meet its energy needs is to decisively shift towards renewables - and solar in particular. Why depend on oil & gas imports, when we have enough sun? A lot of steps have already been taken in this direction, but @sumant_sinha talks to us on the India Story podcast on how this transition can be accelerated. Do watch, and share your comments! youtu.be/RBhIxRoSLfw?si…

The Middle East situation is now in uncharted territory. That leads to unconventional policy actions. A move on sharp reduction of Indian bank’s open fx positions in a short period seems to be in that category. Reminds me of Bimal Jalan play book as RBI Governor in 1998 when the ₹ was depreciating sharply post Asian crisis. If things get worse geo politically, is there an opportunity for a new version of FCNR( B) scheme?






This day 33 years ago is a day I can never forget. In 38 years of reporting news, no single event has quite affected me like the Mumbai serial blasts (and riots that preceded). I was amongst the first reporters to reach the Bombay Stock Exchange where the first blast occurred and was privileged to be part of a wonderful group of reporters at @timesofindia who did what I believe was the finest journalism of that difficult period. Some like the first rate @tajmahalfoxtrot are still with us. It was a tough moment in pre-24 hour news tv, mobile, internet and social media age . We had much less to go with (only pen and pad) but maybe as a result gave the story much more in terms of sweat and toil. Post-Babri demolition Mumbai riots and blasts 1992-93 changed the city forever. Too many innocent lives lost, a communal divide that haunts us even today. For a first draft of history, read all the stories in the book we brought out then When Bombay Burned . Sadly out of stock but maybe time for a brave publisher to do a reprint with an updated foreword? 🙏🙏


India announces standards of Green ammonia, methanol to accelerate trade of green hydrogen derivatives economictimes.indiatimes.com/industry/renew…



