Who is this Model of Economic Growth for?
Professor Arun Kumar questioned the model of economic growth by asking who is it for. The economy is not growing at 7%, as claimed by the government, the big shocks of demonetisation and GST...
The Key Infra Projects are Anti-people
“AIIB has created a superstructure, an ecosystem which acts as a complex web of shining terminologies and projects to attract investments, which actually is a smoke screen to hide the fact that there’s no...
The Infra being Pushed is not what the People Demand
Senior activist Ulka Mahajan of Sarvahara Jan Andolan said, “The infrastructure that is being developed is not what people demand, but it is what global capital demands. The international financial institutions are promoting corporate...
Water for Life, Not profit: IFIs in Urban Water Supply in India
Close to past two decades India has been observing measures to reform the water sector based on the financial sustainability model put forward by the International Financial Institutions (IFIs) based on principles like increasing...
The Best of Finance Matters: First Anniversary Issue
A year back when we started our weekly newsletter Finance Matters, what we intended was to bring together the news and analysis from the world of finance, in a form and language comprehensible to...
Who is benefitting from the Mumbai-Ahmedabad Bullet Train Project?
The information available in public domain is that JICA is financing the Mumbai-Ahmedabad Bullet Train Project by lending 88 thousand crore rupees at an interest rate of 0.1%. Payback period is 50 years with...
Sucheta Dalal on the Growing Crisis in the Indian Banking Sector
Financial analyst and journalist Sucheta Dalal said that the Indian banking system is at the verge of crisis, reeling under the mounting bad loans, caused by unfettered corporate loans. Referring to government’s announcement in...
Civil Society Sounds Alarm on AIIB’s Latest ‘Hands-off’ Lending Deal
MUMBAI, India — The Asian Infrastructure Investment Bank on Monday announced support for India’s National Investment and Infrastructure Fund. The $100 million equity investment is the first phase of funding for NIIF, a collaborative platform...
AIIB Summit: Will the Bank Be More Hands-On with Funding Environmental Projects?
The Asian Infrastructure Investment Bank, which meets in Mumbai this week, needs to prove that its clients have robust social, environmental and disclosure policies and practices. Along the route from Mumbai’s international airport in...
Mumbai Resolution on Infrastructure Financing in India
In the political resolution adopted at the end of the People Convention on Infrastructure Financing delegates resolved to challenge the undemocratic and economically unsound functioning of IFIs including AIIB, World Bank, IFC and others....
Renewable energy projects attract more finance in T.N.
At ₹2,797 crore, State’s share second highest; nil funding for coal-based projects Tamil Nadu is among the States which saw significant lending to renewable energy projects and nil lending to coal projects in 2017,...
PSBs Back Coal, Whereas Private-owned Renewables
A new analysis of energy project lending in India shows that majority of government-owned banks and financial institutions continued to fund coal projects in 2017. The same analysis also reveals private financial companies are...
AIIB’s $200m Investment in India would Revive Coal Projects
“AIIB’s proposed $ 200 million deal with India’s $2.1 billion National Investment and Infrastructure Fund (NIIF) would threaten to revive a host of stalled projects in the country potentially including coal, power, petroleum, railways...
Development must not Happen at the Cost of Constitutional Rights
Mumbai, June 23: “The so-called ‘development’ must not come at the cost of constitutional rights,” said prominent activist and Goldman Environment Awardee Prafulla Samantra at the press conference, which was organised on the last...
Infrastructure and Development – Case of Amravati Capital City
The workshop aims to explore the environmental, economic, legal, political, cultural and social implications of Amaravati Capital City project in Andhra Pradesh. This pipeline project of AIIB and World Bank is an environmental category...
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