-Counterview.net Economic, legal, diplomatic and civil society experts – including Joseph Stiglitz, a Nobel Prize-winning economist, and former Vice President and Chief Economist of the World Bank – have urged the United States Supreme Court to go back to the case Budha Ismail Jam, et al v. IFC , (Tata Mundra case) concerning immunity from the suit for the World Bank Group and foreign nations. They said, the immunity decision in the...
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Through A Wider Lens -Rajni Bakshi
-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...
More »Women take solar lights to the fields -Tanushree Gangopadhyay
-CivilSocietyOnline.com Ahmedabad: For nearly two years, the mosque in a village in Kashmir would be enveloped in darkness when the sun dipped. It had no electricity. A woman equipped with the requisite training from the Self Employed Women’s Association (SEWA) offered to light up the mosque with solar lights. But the men would not allow it. Lighting up the mosque is not a woman’s job, they said. After much persuasion, the maulvi...
More »Fishermen and farmers sue World Bank lending arm over power plant in India -Matt Kennard and Claire Provost
-The Guardian NGO EarthRights files complaint against IFC on behalf of those affected, over $450m loan for plant that ‘destroyed livelihoods’; IFC claims immunity In the first case of its kind against the private investment arm of the World Bank, fishermen and farmers from north-western India are suing the International Finance Corporation (IFC) in a US federal court over a $450m loan for a coal-fired power plant. The communities say the IFC...
More »Small industry needs a better policy deal -Pradeep S Mehta
-The Hindu Business Line A flexible approach to collateral will improve access to bank funding. Red tapism too is a perennial concern If the Make in India campaign has to be successful and help many in our country, we need to focus on enabling small units to function and contribute. A major problem small and medium units face is that of finance. Banks and financial institutions are always very wary of assisting them...
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