The press conference addressed by the Finance Minister Nirmala Sitharaman yesterday (Aug 23) is an indication that finally, the government acknowledges that the economy is crumbling and nearly hitting the rock bottom. That a...
Yesterday Julian Assange, co-founder of Wikileaks, was arrested from the Ecuadorian Embassy in London, where he took refuge seven years back, after the Ecuadorian government’s withdrawal of asylum. Interestingly, exactly a month back, on...
Given that India is building many of the world’s biggest solar parks and also harbours high wind power ambitions, there is no reason to waste precious foreign currency on imported gas or thermal coal...
This February, in a landmark decision, the US Supreme Court ruled that financial institutions like the World Bank’s International Finance Corporation (IFC) are not immune from the law of land, and can be held...
Absolute immunity leads to impunity, and that foments lack of transparency and the reluctance to be held accountable Over three decades back, it looked quite impossible to ask the World Bank to review a...
With the formal process of selection of a new World Bank President kick-starting in a week’s time, it’s imperative to have a view beyond this selection, now that the dust of Jim Kim’s sudden...
Here’s a lowdown on what good and bad came out of Kim’s reign as the bank’s president and what seems to be the future of the coveted title Jim Yong Kim resigned from the...
“There was no example to follow on September 22, 1993, when the Bank’s Board of Executive Directors approved a resolution establishing the Inspection Panel. Over the next 25 years, the Panel forged a legacy...
Changing goal posts has been a hallmark of the precariously conceived and insensitively implemented demonetisation, second anniversary of which was yesterday (Nov 8). Finance Minister who declared Nov 8 as Anti Black Money Day...
In 2015, farmers and fishworkers from rural India sued the World Bank Group in Washington, D.C., over impacts from a disastrous coal-fired power plant project that they said destroyed their livelihoods and damaged their...
Ever since the first lending from World Bank in 1949 worth $34 million to Indian Railways and the bilateral credit India received from the erstwhile USSR and USA in the early 50s, India has...
The proposed FRDI Bill in its current form could impact banks in a detrimental way. The Modi-led NDA government did not have to be in the defensive many a time, in its nearly four-year...
What is diluted, amended, and narrowed down for making it easy for businesses is eroding of the rights of people
Hailed as a “big-bang move” by bankers, the government’s plan to recapitalise public sector banks with Rs 2.1 lakh crores is deemed to hold magical powers that will help turn around their financial situations....
For Indian corporations, the grass seems to be getting greener the other side. Investments and acquisitions abroad have been the hallmark of Indian corporations the past decade and a half. While acquisitions of Jaguar...