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...
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...
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...
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...
After the storm of demonetisation, which unsettled the economy back home, India is hosting the 2nd annual meeting of New Development Bank (NDB) from March 31 – April 2, 2017. NDB is the financial...
February 07, 2017: Mundra, Gujarat The U.S. Court of Appeals for the District of Columbia Circuit heard arguments in Budha Ismail Jam v. International Finance Corporation, a case against the International Finance Corporation (IFC),...
Indian banks should have safeguard policies of the kind followed by international financial institutions. Despite the crisis in several parts of India following demonetisation, which sucked out 86% of the currency in circulation overnight, one of...
October 18, 2016 An Open Letter to the Prime Minister on Rampal Power Project Respected Prime Minister, We, the people’s movements and other civil society organisations in India, draw your urgent attention to the...
October 18, 2016 This letter is from movements and groups in Bangladesh to the Prime Minister of India. They will deliver this letter to the Indian High Commission today. Updates on the delivery will...
The International Finance Corporation has funded projects in India that have caused large scale violation of environmental and social laws. In a recent move, India has extended the United Nations (Privileges and Immunities) Act, 1947 (46 of 1947), which...
Don’t account holders have the right to know where their money is being invested? I was disturbed by news that my bank, the State Bank of India, has invested in a company that makes...
August 03, 2016 Indian Peoples movements and Civil Society Groups across India are condemning the brutal attack on activists and concerned citizens in Bangladesh yesterday July 28, 2016. Protesters were marching to the Prime...
Priya Dharshini State Bank of India, the largest state owned bank in the country received a special honour of being the only Indian financial institution to sponsor cluster munitions. In June 2016, PAX a...
IMF research department came out with an article “Neoliberalism: oversold” in Finance and Development a quarterly magazine published quarterly by IMF. The article says while the neoliberal agenda has rescued millions from poverty, the...
With a heavy heart, I watched the news pour in. The Engineering Procurement and Construction (EPC) Contract between Bharat Heavy Electricals (BHEL) and the Bangladesh India Friendship Company Pvt. Ltd. was signed last week...
