Story Of Kamalanga Project is the Story of Weak Accountability Mechanisms
Thirteen years after communities from Odisha’s Dhenkanal district filed a complaint at the International Finance Corporation’s (IFC) accountability mechanism
Union Budget 2024-25: High on claims, less on substance
The interim budget of 2024-25 (also called the Vote on Account) was never expected to make any bold announcements. Instead, it was intended to showcase the performance of the National Democratic Alliance (NDA) government...
The World Bank, the Inspection Panel & Immunity
The establishment of the Inspection Panel marked a significant development, driven by the pressure exerted by people's movements and civil society organizations (CSOs), during a period when the World Bank Group operated under the...
We20 – Defending the Right to Dissent
India had assumed the G20 presidency end of 2022 and the Leaders’ Summit was held in early September 2023. During this time the Government used it to seek political and electoral mileage, conducting over...
G20: Im Interesse der besitzenden Klassen
Vom 8. bis 10. September 2023 richtet die indische Regierung den G20-Gipfel in Neu-Delhi aus. Sie nutzt das Event geschickt, um sich vor der eigenen Bevölkerung als globalpolitisches Schwergewicht zu präsentieren.
Chronicles of a Missed Opportunity Foretold: India and the G20 Presidency
On August 19, on the second day of the We20: A Peoples’ Summit on G20, which aimed to provide an alternative platform for discussions parallel to the G20, was met with disruption by the...
India’s divestment efforts could benefit from a ‘no new coal’ policy
India already has ambitious renewable energy plans, but its coal baggage and failure..
CEA is in a State of Denial
India’s Chief Economic Advisor (CEA) Anantha Nageswaran’s assertion last a few days back as reported by newspapers, that the concept of Universal Basic Income (UBI) was not necessary for India and ‘it may create...
Bye bye reform and human rights, welcome private sector. Unfortunately we will be back!
In another week, on June 2, Ajay Banga will take over as the 14th president of the World Bank Group, the all-men’s club, except for Kristalina Georgieva, who had become World Bank’s acting president...
Transforming the World of Finance
What will help the world of finance/economy to transform? While I do not have an answer on that, I want to share why the economy/finance needs a serious and radical transformation.
Book Review: How Mindless Decisions Since 2014 Worsened the Abject Economy We Inherited
Prasanna Mohanty’s 'An Unkept Promise: What Derailed the Indian Economy' looks at the economic landscape of India since Modi took over in 2014 and explains what went wrong based on data and hard evidence.
GDP Growth and Mirage of V-shaped Recovery
If GDP growth rate is an indication of where our formal economy is, then there’s a lot to worry about. It fell to -7.3% in FY21, from the low of 4.2% in FY20. Unless...
Fiscal Deficit and Divestment Chorus
The growing fiscal deficit is yet another reason market pundits are pushing for government divestment from Public Sector Units (PSUs). That would be akin to the story of the goose and the golden egg....
Three Cheers to Finance Matters!
This issue of Finance Matters marks the completion of three years since it was started.We thank you all its readers and those who contributed to it. To bring out a weekly newsletter has its own...
A Case which made World Bank Legally Accountable
On February 27, a year has passed since the Supreme Court of the United States ruled in a 7-1 judgment that World Bank does not enjoy absolute immunity. The judgment shook the foundations of...
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