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...
The Asian Development Bank was conceived in the early 1960s as a financial institution that would foster economic growth and cooperation in Asia. India was a founding member of the Asian Development Bank (ADB)...
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 âwrongly decided,â the communities affected by the Tata Mundra project approach US court to review âabsolute immunityâ doctrine Communities harmed by Tata Mundra...
With Subhash Chandra Garg assuming charge as secretary of the Department of Economic Affairs (DEA) in the Finance Ministry, the position of the Indian Executive Director (ED) at the World Bank has fallen vacant. The 1983-batch...
Like India once had a Ministry of Disinvestment, it’s time she has a Ministry of Loss Making. How else can one understand governmentâs eagerness to buy out all loss making projects, whether in coal,...
Asia Infrastructure Investment Bank (AIIB) recently concluded its Second Annual Board of Governorsâ meeting in Jeju, South Korea. The three-day-long meeting, during June 16-18, 2017, saw the participation of Board of Governors, representatives from...
A U.S. Federal Court has held that the International Finance Corporation (IFC) is entitled to âabsolute immunityâ from lawsuits brought by communities harmed by IFC projects. The case, filed by communities affected by the...
The Constitution of India has accorded the Parliament the supremacy among the three organs of the Union government viz legislature, executive, and judiciary. Parliament not only makes the laws but also enables the citizens...
For Immediate Release Federal Appeals Court Rules That World Bank Group Cannot Be Sued For Harming Communities Affected Communities Plan Further Legal Challenge June 27, 2017, Washington D.C., and Mundra: The U.S. Court of...
After bifurcation of the erstwhile Indian state of Andhra Pradesh in June 2014, both the new states of Telangana and Andhra Pradesh are sharing the Hyderabad as capital for 10 years. Chief Minister of...
Bank Information Center Europe and Center for Financial Accountability India have recently co-published the report âRisky Business: Will the Asian Infrastructure Investment Bank choose to avoid funding coal in India?â This report comes just...
The year 2015 was called a landmark year in terms of global environmental action. Two global agreements were reached and sealed â both critically concerned with the future environmental health of the earth and...
After the storm of demonetisation, which unsettled the economy back home, India is hosting the 2nd annual meeting of New Development Bank (NDB) from March 31 â April 2, 2017. NDB is the financial...
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),...
