BRICS 2017 Offers Nothing New
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...
Communities affected by Tata Mundra rejects ADB’s Annual Monitoring Report
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...
India’s Thermal Power Projects are Making Even our Public-Sector Banks Sick
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...
The corruption in the power sector is in the tune of over one lakh crore: Paranjoy Guha Thakurta
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...
What is Threatening Public Sector Banks in India?
It is an acknowledged fact that the Indian banking system is facing an unprecedented crisis. The problem of bad loans and the need for a capital infusion, drastic changes in financial policies, new legislation...
India paid over 600 crores between 2009-2015 to the IFIs for not using their loans
Every year, India pays an enormous amount of money as commitment charges to the multilateral institutions for not utilising the loans sanctioned by them. Investopedia defines commitment charges as the fee charged by the lender...
50 Years of ADB – The Indian Story of Resistance
The Asian Development Bank was conceived in the early 1960s as a financial institution that would foster economic growth and cooperation in Asia. India was a founding member of the Asian Development Bank (ADB)...
Will the Parliament Recognise the Impending Disaster, & Discuss Forced Evictions in Narmada Valley?
For the last 32 years, people in the Narmada valley are struggling against what they call as an unjust development which displaces tribals and farmers and inundates homes, agricultural fields, forests and thousands of...
Are green buildings a priority for IFC or a ploy to make inroads in the real estate sector?
Anuradha Munshi International Finance Corporation (IFC), a member of the World Bank Group, is going to invest up to $6 billion in the next five years on various sustainable and renewable energy programmes in...
Indian Movements/CSOs Submit Comments on NITI Aayog’s Draft of National Energy Policy
A group of civil society organisations, which has reviewed, and analysed the 2017 draft of the National Energy Policy (NEP), submitted its comments and suggestions from the financial perspective for improving the draft of...
Appointment of a new Indian ED at the World Bank raises a few Questions
With Subhash Chandra Garg assuming charge as secretary of the Department of Economic Affairs (DEA) in the Finance Ministry, the position of the Indian Executive Director (ED) at the World Bank has fallen vacant. The 1983-batch...
The Draconian FRDI Bill, 2017 will Script Death to the Public Sector Banking
The union cabinet, chaired by Prime Minister Narendra Modi, has recently approved the proposal to introduce the Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 in the upcoming monsoon session of the Parliament. The...
First-hand report from the AIIB’s Second Annual Board of Governors Meeting at Jeju (June 16-18, 2017)
Asia Infrastructure Investment Bank (AIIB) recently concluded its Second Annual Board of Governors’ meeting in Jeju, South Korea. The three-day-long meeting, during June 16-18, 2017, saw the participation of Board of Governors, representatives from...
Bank mergers in the time of NPAs
Non-Performing Assets (NPAs), a euphemism for toxic or bad loans, has been looming over Public Sector Banks (PSBs) for over a year. C. P. Krishnan, the General Secretary of Bank Employees Federation of India...
Budget Session of Parliament: An Overview
The Constitution of India has accorded the Parliament the supremacy among the three organs of the Union government viz legislature, executive, and judiciary. Parliament not only makes the laws but also enables the citizens...
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