Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Through A Wider Lens -Rajni Bakshi    </title>
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-The Indian Express

AIIB meeting presents an opportunity to redefine the parameters of development.

Budha Ismail Jam, a fisherman from Kutch, will be unknown to most delegates at the Asian Infrastructure Investment Bank&rsquo;s (AIIB) annual meeting being held in Mumbai on June..."/>
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-The Indian Express

AIIB meeting presents an opportunity to redefine the parameters of development.

Budha Ismail Jam, a fisherman from Kutch, will be unknown to most delegates at the Asian Infrastructure Investment Bank&rsquo;s (AIIB) annual meeting being held in Mumbai on June..." />
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                            <div align="justify">-The Indian Express<br /><br /><em>AIIB meeting presents an opportunity to redefine the parameters of development.<br /></em><br />Budha Ismail Jam, a fisherman from Kutch, will be unknown to most delegates at the Asian Infrastructure Investment Bank&rsquo;s (AIIB) annual meeting being held in Mumbai on June 25-26. Yet, Jam&rsquo;s story has far-reaching implications if infrastructure projects are to be more focused on the well-being of people rather than the profit margins of investors.<br /><br />The third annual meeting of the AIIB&rsquo;s Board of Governors is happening 21 years after &ldquo;Triple Bottom Line&rdquo; &mdash; namely People, Planet, Profits &mdash; was brought into the lexicon of global business. Whether this concept is fully operationalised by the AIIB might be far more important than the geopolitics of nation-states that tend to grab centrestage in this newly-minted international finance institution (IFI).<br /><br />Jam&rsquo;s story is significant because it demonstrates, sadly, that the best practices of relatively conscientious investors and corporations are often inadequate. The case pertains to Tata Power&rsquo;s Mundra plant, financed partly by a $450-million loan from the International Finance Corporation (IFC), which caused extensive damage to the local ecosystem and thus the livelihoods of fisherfolk and farmers. Jam is the lead plaintiff in a case filed in the US, in which the project-affected people are suing the IFC for damages. In May, in an unprecedented move, the US Supreme Court admitted the case and will give a judgment on whether the immunity granted to the IFC by international law is valid.<br /><br />Ironically, both the IFC and Tatas have internal mechanisms to monitor social and environmental impacts of the projects, clearly to no avail. This is only partly because most infrastructure projects are still designed with local realities being considered at second place or lower. Most IFIs do not seriously engage with the so-called fringe voices who are clamouring for &ldquo;development&rdquo; to be equated with the revitalisation of local economies. Instead of an empowerment handed down to those at the bottom of the pyramid, these voices seek to abolish the pyramidical nature of the global economy.<br /><br />From this perspective, much of the emerging discourse on &ldquo;sustainable infrastructure&rdquo; within IFIs, including the AIIB, appears meaningless because it is, at best, about ameliorative concessions on social justice issues. There is no room for re-examining core assumptions.<br /><br />For example, projections about the amount of energy and roads needed in the coming decades would be quite different depending on how the nature of production systems and concentration of populations is visualised. At present, even though the American and West European model of development is widely acknowledged as unsustainable, it remains the reference point for &ldquo;world class&rdquo; infrastructure. For instance, India&rsquo;s Sagarmala project is designed to provide rapid connectivity through a string of ports and across 14 Coastal Economic Zones. The perspective and priorities of communities are treated as incidental. It is assumed that they will somehow benefit from the trickle down of the economic activity generated by these investments. This is why conflicts with local people become inevitable.<br /><br />Please <a href="https://indianexpress.com/article/opinion/columns/through-a-wider-lens-asian-infrastructure-investment-bank-meeting-mumbai-5233147/" title="https://indianexpress.com/article/opinion/columns/through-a-wider-lens-asian-infrastructure-investment-bank-meeting-mumbai-5233147/">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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    <br><a href="https://indianexpress.com/article/opinion/columns/through-a-wider-lens-asian-infrastructure-investment-bank-meeting-mumbai-5233147/" class="re" target="_blank">The Indian Express, 26 June, 2018, https://indianexpress.com/article/opinion/columns/through-a-wider-lens-asian-infrastructure-investment-bank-meeting-mumbai-5233147/</a><div class="clear"></div>
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AIIB meeting presents an opportunity to redefine the parameters of development.

Budha Ismail Jam, a fisherman from Kutch, will be unknown to most delegates at the Asian Infrastructure Investment Bank&rsquo;s (AIIB) annual meeting being held in Mumbai on June..."/>
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    <h1 class="cat-box-title">Through A Wider Lens -Rajni Bakshi</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>AIIB meeting presents an opportunity to redefine the parameters of development.<br /></em><br />Budha Ismail Jam, a fisherman from Kutch, will be unknown to most delegates at the Asian Infrastructure Investment Bank&rsquo;s (AIIB) annual meeting being held in Mumbai on June 25-26. Yet, Jam&rsquo;s story has far-reaching implications if infrastructure projects are to be more focused on the well-being of people rather than the profit margins of investors.<br /><br />The third annual meeting of the AIIB&rsquo;s Board of Governors is happening 21 years after &ldquo;Triple Bottom Line&rdquo; &mdash; namely People, Planet, Profits &mdash; was brought into the lexicon of global business. Whether this concept is fully operationalised by the AIIB might be far more important than the geopolitics of nation-states that tend to grab centrestage in this newly-minted international finance institution (IFI).<br /><br />Jam&rsquo;s story is significant because it demonstrates, sadly, that the best practices of relatively conscientious investors and corporations are often inadequate. The case pertains to Tata Power&rsquo;s Mundra plant, financed partly by a $450-million loan from the International Finance Corporation (IFC), which caused extensive damage to the local ecosystem and thus the livelihoods of fisherfolk and farmers. Jam is the lead plaintiff in a case filed in the US, in which the project-affected people are suing the IFC for damages. In May, in an unprecedented move, the US Supreme Court admitted the case and will give a judgment on whether the immunity granted to the IFC by international law is valid.<br /><br />Ironically, both the IFC and Tatas have internal mechanisms to monitor social and environmental impacts of the projects, clearly to no avail. This is only partly because most infrastructure projects are still designed with local realities being considered at second place or lower. Most IFIs do not seriously engage with the so-called fringe voices who are clamouring for &ldquo;development&rdquo; to be equated with the revitalisation of local economies. Instead of an empowerment handed down to those at the bottom of the pyramid, these voices seek to abolish the pyramidical nature of the global economy.<br /><br />From this perspective, much of the emerging discourse on &ldquo;sustainable infrastructure&rdquo; within IFIs, including the AIIB, appears meaningless because it is, at best, about ameliorative concessions on social justice issues. There is no room for re-examining core assumptions.<br /><br />For example, projections about the amount of energy and roads needed in the coming decades would be quite different depending on how the nature of production systems and concentration of populations is visualised. At present, even though the American and West European model of development is widely acknowledged as unsustainable, it remains the reference point for &ldquo;world class&rdquo; infrastructure. For instance, India&rsquo;s Sagarmala project is designed to provide rapid connectivity through a string of ports and across 14 Coastal Economic Zones. The perspective and priorities of communities are treated as incidental. It is assumed that they will somehow benefit from the trickle down of the economic activity generated by these investments. This is why conflicts with local people become inevitable.<br /><br />Please <a href="https://indianexpress.com/article/opinion/columns/through-a-wider-lens-asian-infrastructure-investment-bank-meeting-mumbai-5233147/" title="https://indianexpress.com/article/opinion/columns/through-a-wider-lens-asian-infrastructure-investment-bank-meeting-mumbai-5233147/">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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    <br><a href="https://indianexpress.com/article/opinion/columns/through-a-wider-lens-asian-infrastructure-investment-bank-meeting-mumbai-5233147/" class="re" target="_blank">The Indian Express, 26 June, 2018, https://indianexpress.com/article/opinion/columns/through-a-wider-lens-asian-infrastructure-investment-bank-meeting-mumbai-5233147/</a><div class="clear"></div>
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-The Indian Express

AIIB meeting presents an opportunity to redefine the parameters of development.

Budha Ismail Jam, a fisherman from Kutch, will be unknown to most delegates at the Asian Infrastructure Investment Bank&rsquo;s (AIIB) annual meeting being held in Mumbai on June..." />
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    <h1 class="cat-box-title">Through A Wider Lens -Rajni Bakshi</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>AIIB meeting presents an opportunity to redefine the parameters of development.<br /></em><br />Budha Ismail Jam, a fisherman from Kutch, will be unknown to most delegates at the Asian Infrastructure Investment Bank&rsquo;s (AIIB) annual meeting being held in Mumbai on June 25-26. Yet, Jam&rsquo;s story has far-reaching implications if infrastructure projects are to be more focused on the well-being of people rather than the profit margins of investors.<br /><br />The third annual meeting of the AIIB&rsquo;s Board of Governors is happening 21 years after &ldquo;Triple Bottom Line&rdquo; &mdash; namely People, Planet, Profits &mdash; was brought into the lexicon of global business. Whether this concept is fully operationalised by the AIIB might be far more important than the geopolitics of nation-states that tend to grab centrestage in this newly-minted international finance institution (IFI).<br /><br />Jam&rsquo;s story is significant because it demonstrates, sadly, that the best practices of relatively conscientious investors and corporations are often inadequate. The case pertains to Tata Power&rsquo;s Mundra plant, financed partly by a $450-million loan from the International Finance Corporation (IFC), which caused extensive damage to the local ecosystem and thus the livelihoods of fisherfolk and farmers. Jam is the lead plaintiff in a case filed in the US, in which the project-affected people are suing the IFC for damages. In May, in an unprecedented move, the US Supreme Court admitted the case and will give a judgment on whether the immunity granted to the IFC by international law is valid.<br /><br />Ironically, both the IFC and Tatas have internal mechanisms to monitor social and environmental impacts of the projects, clearly to no avail. This is only partly because most infrastructure projects are still designed with local realities being considered at second place or lower. Most IFIs do not seriously engage with the so-called fringe voices who are clamouring for &ldquo;development&rdquo; to be equated with the revitalisation of local economies. Instead of an empowerment handed down to those at the bottom of the pyramid, these voices seek to abolish the pyramidical nature of the global economy.<br /><br />From this perspective, much of the emerging discourse on &ldquo;sustainable infrastructure&rdquo; within IFIs, including the AIIB, appears meaningless because it is, at best, about ameliorative concessions on social justice issues. There is no room for re-examining core assumptions.<br /><br />For example, projections about the amount of energy and roads needed in the coming decades would be quite different depending on how the nature of production systems and concentration of populations is visualised. At present, even though the American and West European model of development is widely acknowledged as unsustainable, it remains the reference point for &ldquo;world class&rdquo; infrastructure. For instance, India&rsquo;s Sagarmala project is designed to provide rapid connectivity through a string of ports and across 14 Coastal Economic Zones. The perspective and priorities of communities are treated as incidental. It is assumed that they will somehow benefit from the trickle down of the economic activity generated by these investments. This is why conflicts with local people become inevitable.<br /><br />Please <a href="https://indianexpress.com/article/opinion/columns/through-a-wider-lens-asian-infrastructure-investment-bank-meeting-mumbai-5233147/" title="https://indianexpress.com/article/opinion/columns/through-a-wider-lens-asian-infrastructure-investment-bank-meeting-mumbai-5233147/">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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    <br><a href="https://indianexpress.com/article/opinion/columns/through-a-wider-lens-asian-infrastructure-investment-bank-meeting-mumbai-5233147/" class="re" target="_blank">The Indian Express, 26 June, 2018, https://indianexpress.com/article/opinion/columns/through-a-wider-lens-asian-infrastructure-investment-bank-meeting-mumbai-5233147/</a><div class="clear"></div>
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Through A Wider Lens -Rajni Bakshi

Published on Jun 27, 2018   Modified on Jun 27, 2018

-The Indian Express AIIB meeting presents an opportunity to redefine the parameters of development. Budha Ismail Jam, a fisherman from Kutch, will be unknown to most delegates at the Asian Infrastructure Investment Bank’s (AIIB) annual meeting being held in Mumbai on June 25-26. Yet, Jam’s story has far-reaching implications if infrastructure projects are to be more focused on the well-being of people rather than the profit margins of investors. The third annual meeting of the AIIB’s Board of Governors is happening 21 years after “Triple Bottom Line” — namely People, Planet, Profits — was brought into the lexicon of global business. Whether this concept is fully operationalised by the AIIB might be far more important than the geopolitics of nation-states that tend to grab centrestage in this newly-minted international finance institution (IFI). Jam’s story is significant because it demonstrates, sadly, that the best practices of relatively conscientious investors and corporations are often inadequate. The case pertains to Tata Power’s Mundra plant, financed partly by a $450-million loan from the International Finance Corporation (IFC), which caused extensive damage to the local ecosystem and thus the livelihoods of fisherfolk and farmers. Jam is the lead plaintiff in a case filed in the US, in which the project-affected people are suing the IFC for damages. In May, in an unprecedented move, the US Supreme Court admitted the case and will give a judgment on whether the immunity granted to the IFC by international law is valid. Ironically, both the IFC and Tatas have internal mechanisms to monitor social and environmental impacts of the projects, clearly to no avail. This is only partly because most infrastructure projects are still designed with local realities being considered at second place or lower. Most IFIs do not seriously engage with the so-called fringe voices who are clamouring for “development” to be equated with the revitalisation of local economies. Instead of an empowerment handed down to those at the bottom of the pyramid, these voices seek to abolish the pyramidical nature of the global economy. From this perspective, much of the emerging discourse on “sustainable infrastructure” within IFIs, including the AIIB, appears meaningless because it is, at best, about ameliorative concessions on social justice issues. There is no room for re-examining core assumptions. For example, projections about the amount of energy and roads needed in the coming decades would be quite different depending on how the nature of production systems and concentration of populations is visualised. At present, even though the American and West European model of development is widely acknowledged as unsustainable, it remains the reference point for “world class” infrastructure. For instance, India’s Sagarmala project is designed to provide rapid connectivity through a string of ports and across 14 Coastal Economic Zones. The perspective and priorities of communities are treated as incidental. It is assumed that they will somehow benefit from the trickle down of the economic activity generated by these investments. This is why conflicts with local people become inevitable. Please click here to read more.

The Indian Express, 26 June, 2018, https://indianexpress.com/article/opinion/columns/through-a-wider-lens-asian-infrastructure-investment-bank-meeting-mumbai-5233147/

Tagged with: Environment Impact Assessment (EIA) Social Impact Assessment Asian Infrastructure Investment Bank (AIIB) International Finance Institution (IFI) International Finance Corporation (IFC)

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