The remittances sent by individuals working in one country to another country form a large volume comparable even to international aids. Recipient countries are quite jubilant over such receipts. The remitting countries are not unhappy, because the remitters have contributed to their economic prosperity. This win-win situation has attracted the attention of the governments, international aid agencies, multilateral funding institutions and also the central banks. The book gives an overview of Global Remittances from the perspective of the remitting and receiving countries, the developmental impact and includes select country studies.
ABOUT THE AUTHOR T.R. Shastri
T R Shastri is a post graduate in Science and is a Fellow of the Chartered Institute of Bankers, London. Before joining Icfai as Faculty, he had worked in Canara Bank, both in India and abroad. He has also worked subsequently in a private sector bank as head of international trade and treasury. He has over 25 years of industry experience and three years of consulting experience besides teaching experience of over a year. He was trained in a leading bank in London and has attended international seminars in Frankfurt, Singapore and Sydney. His current areas of interest include international trade facilitation and forex risk management. He has authored a book on FEMA with a foreword by the then Chief Executive of FEDAI, which was well reviewed in the media. He has been a regular guest faculty in leading universities and institutions.
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