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)...
For Immediate Release After a Judge declared World Bank immunity cases “wrongly decided,” the communities affected by the Tata Mundra project approach US court to review “absolute immunity” doctrine Communities harmed by Tata Mundra...
Like India once had a Ministry of Disinvestment, it’s time she has a Ministry of Loss Making. How else can one understand government’s eagerness to buy out all loss making projects, whether in coal,...
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...
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...
Press Statement | 26 June 2017 Bailout Pleas by both Adani and Tata Projects in Mundra a symptom of larger menace; Government should not acquire liabilities, to waste public money; Both corporations should be...
After bifurcation of the erstwhile Indian state of Andhra Pradesh in June 2014, both the new states of Telangana and Andhra Pradesh are sharing the Hyderabad as capital for 10 years. Chief Minister of...
Bank Information Center Europe and Center for Financial Accountability India have recently co-published the report ‘Risky Business: Will the Asian Infrastructure Investment Bank choose to avoid funding coal in India?’ This report comes just...
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...
An Analysis of Parliamentary Debates in India on International Financial Institutions (1984-2009) This report critically examines how international financial institutions (IFIs) such as the World Bank, IMF, and Asian Development Bank have increasingly influenced...
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...
Demystifying Development Funding through NDB and AIIB in the Context of BRICS
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...
