The Hindenburg report had accused the Adani Group of using shell companies in Mauritius for laundering money. But the Indian government staunchly defended the corporate giant. The Financial Action Task Force, a Paris-based global...
The 80th anniversary of the World Bank is a good time to bury the arguments in favor of reforming the institution and strengthen the demand for radical restructuring. The past eight decades did not...
Thirteen years after communities from Odisha’s Dhenkanal district filed a complaint at the International Finance Corporation’s (IFC) accountability mechanism
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 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...
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...
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.
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 already has ambitious renewable energy plans, but its coal baggage and failure..
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...
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...
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.
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.
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...
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....
