New Delhi: Indian lenders channeled more funds to clean energy projects compared to coal-based ones for a third straight year in 2020 with more expected to flow into the renewables sector in the coming...
Highlights : The dominance of renewables should not be surprising, considering their dominance in fresh capacity added since 2019. A total of Rs 24,376 crore (USD 3,240 million) went to renewables projects in 2020,...
Indian lenders channeled more funds to clean energy projects compared to coal-based ones for a third straight year in 2020 with more expected to flow into the renewables sector in the coming years after...
Clean energy projects got 74% of the total funds from financial institutions last year, or ₹24380 crore, according to a report by Climate Trends and Centre for Financial Accountability. Indian lenders channeled more funds to...
New Delhi, Dec 14 (IANS): An analysis on Tuesday identified Power Finance Corporation (PFC), and its subsidiary Rural Electrification Corporation (REC), as the sole state-owned financial institutions that provided project financing to coal power...
After demonetisation in November 2016, a new relationship between the citizen and state has emerged where the citizen no longer has any power to hold the state to account. After five years of demonetisation,...
On November 9, 2016, when journalists approached me as the senior vice president of the All India Bank Officers’ Confederation for a comment regarding the demonetisation announcement by Prime Minister Narendra Modi the previous...
The disruption that the demonetisation of high-value currency notes on November 8, 2016, caused to people’s lives, livelihoods and the Indian economy is still fresh in many people’s memories. The direct impact on the...
It has been five years since demonetisation, the surgical strike on November 8, 2016, on India’s high-value currency notes. With hindsight, it’s clear that the high-decibel crusade supposedly aimed at unearthing black money and...
While the entire Indian economy was disrupted by the demonetisation exercise announced on November 8, 2016, removing high-value currency notes overnight, it simultaneously stirred a serious controversy on the role of Reserve Bank of...
Was demonetisation a good idea, badly implemented? I have heard this from the supporters of the regime but, to my surprise, even friends who are otherwise critical believe this to be true.
The demonetisation of high-denomination currency notes on November 8, 2016, created a nightmare for citizens that lasted several months. Long queues formed outside the banks and ATMs to obtain swap denotified currency notes for...
A new report released today by Centre for Financial Accountability India and Recourse reveals how India’s 7th largest commercial bank – Federal Bank Limited – has turned its back on new coal. The bank received a $126...
Indian banks and financial institutions are lagging behind international financial institutions in helping control the climate crisis, research shows. Indian banks and financial institutions, including the State Bank of India (SBI), ICICI, Axis Bank, the...
Indian banks and financial institutions are lagging behind international financial institutions in helping control the climate crisis, research shows. Indian banks and financial institutions, including the State Bank of India (SBI), ICICI, Axis Bank,...
