On November 1st, 2017 India witnessed one of the largest boiler accidents in recent times. An NTPC plant originally supported by Asian Development Bank met with an accident in their newly built unit. As...
A recent article on the much-acclaimed accountability mechanism of World Bank, the Inspection Panel (IP), indicates that all is not well with it and it could get its wings clipped. The discussion on the...
October 14, 2017, New Delhi: Some of the biggest players in global finance are quietly backing the world’s most dangerous coal plant, according to an international investigative report released earlier this week. The report titled Time...
September 27, 2017, Mundra, Gujarat: Fishing communities and farmers affected by Tata Mundra said on Friday that they would approach the U.S. Supreme Court to review the decision of U.S. Court of Appeals for...
The World Bank Group is in the process of formulating its first Country Partnership Framework (CPF) for India for which consultations are in process to come out with Systematic Country Diagnostic (SCD), which will...
Press Statement: 22 .8.2017 ADB’s Annual Monitoring Report on Tata Mundra rejected: Report subverts the real issues while focusing only on the frivolous ones Kutch, Gujarat: Communities affected by the Tata Mundra (Coastal Gujarat Power...
Every year, India pays an enormous amount of money as commitment charges to the multilateral institutions for not utilising the loans sanctioned by them. Investopedia defines commitment charges as the fee charged by the lender...
Anuradha Munshi International Finance Corporation (IFC), a member of the World Bank Group, is going to invest up to $6 billion in the next five years on various sustainable and renewable energy programmes in...
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...
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...
February 07, 2017: Mundra, Gujarat The U.S. Court of Appeals for the District of Columbia Circuit heard arguments in Budha Ismail Jam v. International Finance Corporation, a case against the International Finance Corporation (IFC),...
Mapping Coal Project Finances in India Who finances coal projects in India? What is the quantum of money behind these large coal projects? What proportion is financed by international financial institutions and national financial...
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...
