Fossil Fuel Phase-Out Poses A Narrowing Window For India
While the climate change conference marks the beginning of the end of the fossil fuel era, India will have to urgently find ways to move away from coal. Securing finance for new projects is...
Fund with a heart
Banks need to fully assess the risks and engage with the local communities and seek free, prior and informed consent before investing in projects.
Economists Term CMIE Employment Rate Increase Claim ‘Sham’
Real earnings have increased only for casual work, economists said at a conference titled ‘Measuring Recovery’. Several economists have termed the Centre for Monitoring Indian Economy’s (CMIE) claim that the labour market witnessed an...
India No 1 in world coal mining boom, thanks to Coal India, Adani Group: German NGO
Urgewald, a German environment and human rights NGO, which claims to be working for establishing strong environmental and social standards for the international finance industry, has called India "the number one hotspot of the...
Funding 233 projects for $44 billion, AIIB ‘accepts no complaints’ from affected people
Even as the Asian Infrastructure Investment Bank (AIIB) announced its long-awaited review of its Project-affected People’s Mechanism at its annual meeting in Egypt 25-26 September 2023, a new research, published by Recourse, Inclusive Development...
Demonetisation has given rise to a state unanswerable to citizens
After demonetisation in November 2016, a new relationship between the citizen and state has emerged where the citizen no longer has any power to hold the state to account. After five years of demonetisation,...
Demonetisation caused Indians needless pain. Modi must accept moral responsibility for it
On November 9, 2016, when journalists approached me as the senior vice president of the All India Bank Officers’ Confederation for a comment regarding the demonetisation announcement by Prime Minister Narendra Modi the previous...
No country for young workers: How demonetisation has hurt a generation of Indians
The disruption that the demonetisation of high-value currency notes on November 8, 2016, caused to people’s lives, livelihoods and the Indian economy is still fresh in many people’s memories. The direct impact on the...
The spectacle of organised ignorance: Why Indians have chosen to forget the horror of demonetisation
It has been five years since demonetisation, the surgical strike on November 8, 2016, on India’s high-value currency notes. With hindsight, it’s clear that the high-decibel crusade supposedly aimed at unearthing black money and...
Demonetisation left RBI’s reputation in tatters. What could future policy makers learn from this?
While the entire Indian economy was disrupted by the demonetisation exercise announced on November 8, 2016, removing high-value currency notes overnight, it simultaneously stirred a serious controversy on the role of Reserve Bank of...
No, demonetisation wasn’t a good idea, badly executed – it was a ridiculous idea from the start
Was demonetisation a good idea, badly implemented? I have heard this from the supporters of the regime but, to my surprise, even friends who are otherwise critical believe this to be true.
IFC stake in Federal Bank Ltd results in no new coal commitment
A new report released today by Centre for Financial Accountability India and Recourse reveals how India’s 7th largest commercial bank – Federal Bank Limited – has turned its back on new coal. The bank received a $126...
Where do Indian banks stand in the global fight against climate change?
Indian banks and financial institutions are lagging behind international financial institutions in helping control the climate crisis, research shows. Indian banks and financial institutions, including the State Bank of India (SBI), ICICI, Axis Bank, the...
Global climate action: Indian banks need to accelerate green financing
Indian banks and financial institutions are lagging behind international financial institutions in helping control the climate crisis, research shows. Indian banks and financial institutions, including the State Bank of India (SBI), ICICI, Axis Bank,...
Forest Act amendment proposes ease of mining, experts cry foul
Six weeks before the Ministry of Environment, Forests and Climate Change released a Consultation Paper with several proposals to amendment in the Forest (Conservation) Act, 1980, it had sent a letter to Principal Secretaries,...
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