Around 300 organisations, representing over thirty million supporters from around the world, called on the JPMorgan Chase to stop financing expansion of fossil fuels, and commit to phasing out funding of fossil fuels in...
“We live in an age of urgency… We cannot remain silent onlookers while corporate profiteers, financiers, and their allies peddle false solutions for addressing climate change and implementing sustainable development,” declared the joint statement...
Criticising the latest Reserve Bank of India’s (RBI) annual Banking Ombudsman Report, which revealed dissatisfaction among 25 per cent customers, Financial Accountability Network (FAN India), has issued a public statement chiding RBI for being...
In full-page advertisements in the Financial Times and Yomiuri Shimbun, Japan’s largest daily newspaper, 50 reputed organisations, working on environment and accountability related issues, from across the world have appealed to Shinzo Abe to...
March 31, 2019, Mundra, Gujarat: In an afternoon with 41-degree heat, hundreds of men, women, and children from Navinal and Tagri villages of Kutch, and members from the civil society and peoples’ movements from across...
Answering to a question in the parliament, Pon Radhakrishnan, the Minister of State in the Ministry of Finance, revealed that between the financial year 2015-2018, India paid Rs 396.775 crore as Commitment Charges to the...
As per the Early Warning System, which collects and verify information about the proposed and existing projects, India, in 2018, had 112 active or proposed projects funded by Development Finance Institutions (DFIs). These institutions...
The second half of the winter session of the parliament continued to witness the members asking government questions related to finance. Some of these questions were related to the NPAs in various sectors of...
The first ten days of the winter session of 2018, the parliament witnessed members asking wide-ranging questions related to the finance. These questions can broadly be divided into the following categories: Demonetisation Issues related...
India’s vulnerability stems from two sources: rapid debt expansion that has increased the volume of doubtful debt and encouraged excess debt exposure in a set of corporates. And increased exposure to dollar debt, partly...
The NDA government’s Pradhan Mantri Fasal Bima Yojana (The Prime Minister’s Crop Insurance Scheme) is a bigger scam than even the Rafale scam, claimed renowned journalist and farmers issue activist P. Sainath earlier this...
New Delhi, November 3, 2018: “The Union government is pushing through the merger of Public Sector Banks (PSBs) with a misplaced notion that fewer stronger banks will be “too big to fail”. It’s ironical...
October 31, 2018, New Delhi.: The Supreme Court of the United States of America heard the oral arguments in the historic case filed by the villagers from Mundra, Gujarat against the absolute immunity granted...
IFC will now ensure that the financing process only supports targeted areas — such as projects promoting energy efficiency, renewables, women business-owners, or small and medium-sized enterprises New Delhi: Civil society groups from across...
October 5, 2018, New Delhi: Medha Patkar, Bharat Patel, Nityanand Jayaraman and other members of the CSOs across India, have criticised the Working Group of the World Bank Board’s Committee on Development Effectiveness (CODE),...