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Press Releases

National Financial Institutions lent 7.12 lakh crores to TPPs between 2005-2022: Study

The report finds 65% accrues to NBFCs, 31% came from public sector banks, and 4% from private banks

Read more December 15, 2022 at 4:29 pm CFA

“India can achieve Net Zero by 2047”: Experts 

Sectoral experts, academics and climate activists deliberate on multiple issues related to Energy and Finance at the 4th annual Energy Finance Conference India, 2022 organised at IIT-Madras, Centre for Financial Accountability, Indo-German Center for...

Read more December 8, 2022 at 11:41 am CFA

The biggest hurdle in facing the recession is the Govt’s lack of political will

 “In my entire career as a public servant I haven't witnessed the extraction of public wealth for private profit on the scale that we see today”, said Jawhar Sircar, Rajya Sabha member, Trinamool Congress,...

Read more November 12, 2022 at 7:10 pm CFA

Government in Denial of Economic Recession; The Repercussions will be Unprecedented: Conference on Finance

 “The government had borrowed money from the IMF during the pandemic and yet did not spend it in order to keep the fiscal deficit in control! This internalisation of keeping the fiscal deficit under...

Read more November 11, 2022 at 9:23 pm CFA

Civil society urges for a world without the World Bank | Press Release

The International Monetary Fund (IMF) along with the Board of Governors of the World Bank (WB) Group is having its annual Spring meeting from April 18th- 24, 2022 in order to commemorate another year...

Read more April 22, 2022 at 1:09 pm CFA

Nobel Prize-Winning Economist Joseph Stiglitz and Others Urge the US Supreme Court to Review World Bank Group Immunity in the Tata Mundra Finance Case

This week, prominent economic, legal, diplomatic, and civil society experts – including Joseph Stiglitz, a Nobel Prize-winning economist, and former Vice President and Chief Economist of the World Bank – submitted amicus briefs urging...

Read more February 17, 2022 at 1:15 pm CFA

Conference Interrogating the Green Finance Begins

New Delhi: The 3rd Energy Finance Conference India (EFCI) 2021 began today (Dec 14) with a session on Adaptation, Loss and Damage – COP26 and the Money Trail. Presided by Prof Sudhir Chella Rajan,...

Read more December 14, 2021 at 7:52 pm CFA

PFC was the sole coal financier in 2020 | Press Release

New Delhi, December 14, 2021: Coal vs Renewables Financial Analysis 2020 identifies PFC, and its subsidiary REC, as the sole state-owned financial institutions that provided project financing to coal power projects in 2020.

Read more December 14, 2021 at 4:13 pm CFA

BRICS Summit: People’s Forum calls it “lost opportunity”

The  13th BRICS Summit, chaired by Indian Prime Minister Narendra Modi and attended by Brazil President Jair Bolsanaro, South African President Cyril Ramaphosa, Russian President Vladimir Putin, and Chinese President Xi Jinping was held...

Read more September 10, 2021 at 6:00 pm CFA

Press Release on the inaugural of Energy Finance Conference India

The Inaugural Session of the 2nd Energy Finance Conference India 2020 builds the blueprint for an economically and socio-politically feasible sustainable energy transition A distinguished panel of academics, policy experts and activists pitches for...

Read more December 8, 2020 at 4:21 pm CFA

Project finance to coal in India dropped 82% YoY in 2019

November 24, 2020: The third annual Coal vs Renewable Financial Analysis 2019 marks a second consecutive year on year decline in coal funding following a 90% decrease in 2018. The report finds a 126%...

Read more November 24, 2020 at 12:28 pm CFA and Climate Trends

World Without World Bank Possible: Activists

Action Week on World Bank Brings Together Social & Political Activists, Probing their Past  and Demanding Accountability Press Release |  October 16, 2020 New Delhi: A key message reverberating in the week long protest...

Read more October 16, 2020 at 4:15 pm CFA

Indian Civil Society Groups Announce “World Without World Bank” Action Week

Highlight the Impacts on Key Sectors in India During IMF-WB 2020 Annual Meetings Date: 12 October, 2020 New Delhi: People’s Movements, Civil Society Groups, and concerned citizens are coming together to protest the World...

Read more October 12, 2020 at 8:36 pm CFA

“Ultimately the rubber will meet the Road”

Social activists express hope for the future in webinar series on “Reimagining the Future” Press Release | Sept 15, 2020 “The lockdown worked like a chemical experiment where hidden injustices were brought to the...

Read more September 15, 2020 at 9:37 pm CFA

Tata Mundra: Case against IFC dismissed in the lower court. Will move appeal soon

On August 24 evening, a federal court ruled that the World Bank Group cannot be sued for any damage caused by its lending–despite last year’s Supreme Court ruling in the same case that these...

Read more August 26, 2020 at 3:56 pm CFA
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