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Author's Posts

Home > Posts by Joe Athialy

Note the hypocrisy

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...

Read more December 5, 2024 at 9:01 am Joe Athialy

World Bank @ 80: Radical Restructuring, Not Reforms

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...

Read more October 15, 2024 at 11:48 am Joe Athialy

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

Read more June 26, 2024 at 2:48 pm Joe Athialy

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...

Read more February 5, 2024 at 11:52 am Joe Athialy

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...

Read more January 11, 2024 at 6:19 pm Joe Athialy

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...

Read more December 20, 2023 at 5:43 pm Joe Athialy

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.

Read more November 8, 2023 at 5:55 pm Joe Athialy

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...

Read more September 2, 2023 at 2:39 pm Joe Athialy

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..

Read more July 26, 2023 at 8:00 pm Joe Athialy

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...

Read more June 19, 2023 at 12:45 pm Joe Athialy

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...

Read more June 2, 2023 at 4:04 pm Joe Athialy

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.

Read more May 3, 2023 at 11:52 am Joe Athialy

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.

Read more February 22, 2022 at 4:58 pm Joe Athialy

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...

Read more June 2, 2021 at 7:30 pm Joe Athialy

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....

Read more August 5, 2020 at 3:37 pm Joe Athialy
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