A recent article on the much-acclaimed accountability mechanism of World Bank, the Inspection Panel (IP), indicates that all is not well with it and it could get its wings clipped. The discussion on the...
In a paper that Desmond Fernandes and I wrote in the late 1990s, entitled “Deep Politics, Liberalisation and Corruption: The Mangalore Power Company Controversy”, a paper that exhaustively discussed implications to India due to...
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....
World Bank’s Chief Economist Ejaz Ghani recently advocated for the large-scale infrastructure investment mentioning that Golden Quadrilateral project has given a massive boost to manufacturing activity and productivity in districts located within 10km of...
Financial Analysis of the Blue Economy: Sagarmala’s Case in Point by Dr Himanshu Damle of Public Finance Public Accountability Collective, New Delhi and could be reached at himanshudamle@pfpac.net The article was originally published here in...
October 14, 2017, New Delhi: Some of the biggest players in global finance are quietly backing the world’s most dangerous coal plant, according to an international investigative report released earlier this week. The report titled Time...
September 27, 2017, Mundra, Gujarat: Fishing communities and farmers affected by Tata Mundra said on Friday that they would approach the U.S. Supreme Court to review the decision of U.S. Court of Appeals for...
Indian fishing communities will ask U.S. Supreme Court to hear case against World Bank Group challenging “absolute immunity” Contact: Gillian Wilson +1 (202) 466 5188 x114 gillian@earthrights.org September 27, 2017, Washington, D.C. Indian fishing...
Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 is supposedly the new weapon in the government’s arsenal to ‘solve’ the bad loan crisis. This Bill’s stated objective is to form a Resolution Corporation that...
The Financial Resolution and Deposit Insurance Bill (FRDI) was introduced by the Union Minister of State for Finance Arjun Ram Meghwal in the Parliament (Lok Sabha) on August 10, 2017, on the penultimate day...
More than 10,000 bank employees and officers from across the country marched from Ramlila Grounds to Parliament on September 15, 2017. They were marching to protest the anti-people banking reforms being implemented by successive...
For those closely looking at the trajectories of IFIs, especially the current trends of the New Development Bank (NDB) or the BRICS Bank, well, it’s all pancakes and fritters with news of NDB and...
Report subverts the real issues while focusing only on the frivolous ones August 25, 2017, Kutch, Gujarat: Communities affected by the Tata Mundra (Coastal Gujarat Power Ltd – CGPL) coal power plant in Kutch...
We all know of the killing impacts of coal based power plants – from the massive air pollution, from water contamination and from the dirty coal mines. As per the “State of Global Air...
August 23, 2017, New Delhi: “The corruption in the power sector is in the tune of over one lakh crore,” said senior journalist and author Paranjoy Guha Thakurta. The former editor of EPW and...