How the financial institutions are accomplices in Joshimath disaster | THE MONEY TRAIL
Warnings, protests, resignations and court cases have played out right before our eyes since the 1990s. But everybody acts surprised as the Joshimath town sinks.
Need for Environment and Social Safeguard Policy for Indian Financial Institutions
The handbook on ‘Need for Environmental and Social Safeguards for Financial Institutions’ makes a case for implementation of safeguards mechanisms in financial institutions (FIs) which includes banks and non-banking FIs.
Gap Analysis
Analysis of financial institutions' policy orientation towards environmental and social safeguards, identifying gaps and limitations.
At India’s Climate, Finance and Policy Intersection, Big Infra Remains King
As of last year, financial institutions from India were the third-largest investors out of six countries financing 80% of the world’s coal investments. A 2021 report found that ICICI, the State Bank of India,...
Banks must adopt ESS safeguards in lending
As we observed environment day during one of the hottest Indian summers, the near absence of climate change as a civic discourse is alarming. At a time when the world finds itself in the...
Global Climate Action: Where Do Indian Banks Stand?
Indian banks and financial institutions are lagging behind international financial institutions in helping control the climate crisis, research shows.
Is the IFC’s Greening Equity Approach working in practice? A case study
IFC’s ‘Approach to Greening Equity in Financial Institutions’ (Green Equity Approach or GEA), which IFC piloted in 2019 and published in September 2020, commits the IFC to end equity investments in financial institutions that...
Insolvency & Bankruptcy Code- Claims and Reality
An interview with Dr. Sangeetha Ghosh, on five years IBC and the recent amendment of bringing MSME sector into the ambit of IBC.
Beyond the Frenzy Sale of PSUs!
The government wants to sell the Life Insurance Corporation of India (LIC), which is worth about Rs 34 trillion (USD45 billion). The stage has been set with increasing foreign direct investment (FDI) in insurance...
India’s new farm laws mirror international financial institutions’ vision of agriculture
For more than 100 days, thousands of farmers in India have been in the streets protesting three new farm laws introduced in parliament. The new laws open the agriculture sector to reforms advocated by...
Infographics: Indian EXIM Bank
These infographics done masterfully by Kokila Bhattacharya give a holistic picture of the Indian Exim bank - the institution and impacts of the investments. This series of infographics effectively depict the reach of Exim...
Fiscal Deficit and Divestment Chorus
The growing fiscal deficit is yet another reason market pundits are pushing for government divestment from Public Sector Units (PSUs). That would be akin to the story of the goose and the golden egg....