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...
August 18, 2019, Chennai: The recently concluded two-day conference on Energy Finance in India at IIT Madras witnessed enthusiastic participation from various regulators, experts, industry leaders, bankers, activists and discussion on issues related to...
Kerala became the first state to enter into a state partnership with World Bank based on their new Country Partnership Framework 2018-22. The partnership is for a development policy loan of USD 500 million...
The Resignation of IMF Chief, and Western Dominance in IFIs Christine Lagarde, IMF’s Managing Director, resigned this month after she was nominated to head the European Central Bank. She previously served as France’s finance minister during...
The first budget of the newly re-elected government was placed on July 5, 2019, by the Finance Minister Nirmala Sitharaman. The budget failed to address the real problems of the economy like unemployment, agrarian...
This monthly column tracking developments in the world of the international finance looks into the review of Equator Principles, ITUC’s critique on IMF Framework on Social Spending, and World Bank’s report on the Global...
Since the beginning of 2019 till last month, the Reserve Bank of India (RBI) has already cut the repo rates twice by 25 basis points (0.25%) each time. However, both of these attempts have...
IMF loans a continuous saga of conditionality. The latest in the countries that have received the International Monetary Fund (IMF) loans after Greece and Turkey is Pakistan. This is Pakistan’s thirteenth loan from IMF...
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...
More NPAs to haunt banks with IL&FS Exposures: The NCLT has asked the banks to consider their exposure to ILFS as NPAs. Earlier NCLT has restricted banks from declaring their exposure to IL&FS prompting...
लोकसभा चुनाव के बीच, केद्रिंय विधुत विनियामक आयोग ने अडानी मुद्रां पावर परियोजना की 2000 मेगावाट यूनिट का तय टैरिफ 2.80 रुपए से बढाकर 3.10 रुपए करने का आदेश जारी कर दिया है। इसका...
The New World Bank President The annual Spring Meetings of the Boards of Governors of the World Bank Group (WBG) and the International Monetary Fund (IMF) was held in Washington DC this year with...
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...
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...
