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Monthly Archives: July 2017

Home > 2017 > July

Will the Parliament Recognise the Impending Disaster, & Discuss Forced Evictions in Narmada Valley?

For the last 32 years, people in the Narmada valley are struggling against what they call as an unjust development which displaces tribals and farmers and inundates homes, agricultural fields, forests and thousands of...

Read more July 27, 2017 at 10:29 pm Maju Varghese

Are green buildings a priority for IFC or a ploy to make inroads in the real estate sector?

Anuradha Munshi International Finance Corporation (IFC), a member of the World Bank Group, is going to invest up to $6 billion in the next five years on various sustainable and renewable energy programmes in...

Read more July 27, 2017 at 5:17 pm Anuradha Munshi

Communities Affected by Tata Mundra Approach US Court to Review “Absolute Immunity” Doctrine

For Immediate Release After a Judge declared World Bank immunity cases “wrongly decided,” the communities affected by the Tata Mundra project approach US court to review “absolute immunity” doctrine Communities harmed by Tata Mundra...

Read more July 26, 2017 at 2:11 pm CFA

Indian Movements/CSOs Submit Comments on NITI Aayog’s Draft of National Energy Policy

A group of civil society organisations, which has reviewed, and analysed the 2017 draft of the National Energy Policy (NEP), submitted its comments and suggestions from the financial perspective for improving the draft of...

Read more July 25, 2017 at 10:01 pm CFA

Appointment of a new Indian ED at the World Bank raises a few Questions

With Subhash Chandra Garg assuming charge as secretary of the Department of Economic Affairs (DEA) in the Finance Ministry, the position of the Indian Executive Director (ED) at the World Bank has fallen vacant. The 1983-batch...

Read more July 21, 2017 at 6:24 pm Joe Athialy

The Perils of the Recent Banking Legislations in India

New Banking Legislations: Boon or Bane? Conversation with Dr Thomas Franco, General Secretary, All India Bank Officers Confederation, on the perils of the recent banking legislations, including Insolvency and Bankruptcy Code (IBC) 2016, Banking...

Read more July 17, 2017 at 11:25 am CFA

The Draconian FRDI Bill, 2017 will Script Death to the Public Sector Banking​

The union cabinet, chaired by Prime Minister Narendra Modi, has recently approved the proposal to introduce the Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 in the upcoming monsoon session of the Parliament. The...

Read more July 14, 2017 at 6:19 pm CFA

Investing in Losses

Like India once had a Ministry of Disinvestment, it’s time she has a Ministry of Loss Making. How else can one understand government’s eagerness to buy out all loss making projects, whether in coal,...

Read more July 14, 2017 at 6:15 pm Joe Athialy

First-hand report from the AIIB’s Second Annual Board of Governors Meeting at Jeju (June 16-18, 2017)

Asia Infrastructure Investment Bank (AIIB) recently concluded its Second Annual Board of Governors’ meeting in Jeju, South Korea.  The three-day-long meeting, during June 16-18, 2017, saw the participation of Board of Governors, representatives from...

Read more July 6, 2017 at 5:44 pm Anuradha Munshi

US Court Rules That World Bank Group Cannot Be Sued For Harming Communities

A U.S. Federal Court has held that the International Finance Corporation (IFC) is entitled to “absolute immunity” from lawsuits brought by communities harmed by IFC projects. The case, filed by communities affected by the...

Read more July 6, 2017 at 5:40 pm CFA

Bank mergers in the time of NPAs

Non-Performing Assets (NPAs), a euphemism for toxic or bad loans, has been looming over Public Sector Banks (PSBs) for over a year. C. P. Krishnan, the General Secretary of Bank Employees Federation of India...

Read more July 6, 2017 at 5:37 pm Priya Dharshini

Budget Session of Parliament: An Overview

The Constitution of India has accorded the Parliament the supremacy among the three organs of the Union government viz legislature, executive, and judiciary. Parliament not only makes the laws but also enables the citizens...

Read more July 6, 2017 at 5:00 pm Maju Varghese

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Q&As on Finance in the 2019 Budget Session of the Parliament

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Big Business Captured the Negotiations in Katowice

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