-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 »Rural India in US top court
-The Telegraph Washington: The Supreme Court of America on Monday agreed to consider reviving a lawsuit by Indian villagers seeking to hold a Washington-based international financial institution responsible for widespread environmental damage they blame on a power plant it financed. The justices will hear an appeal by the villagers of a lower court ruling that the International Finance Corp (IFC) was immune from such lawsuits under federal law. IFC, part of the World...
More »The weakest link in development lending-Joe Athialy
-The Business Standard Institutions such as World Bank and Asian Development Bank (ADB) are considered the panacea of all ills that developing countries like India face. Although the amount of money these institutions lend is small, their influence on the economy is high. They continue to be the benchmark for social and environmental policies, good governance, climate change, corruption and so on. A look at some of the reports of these...
More »Outsiders in Kutch’s mini-Punjab: Sikh farmers battling for their land -Satish Jha
-The Indian Express Kutch (Gujarat): Bhajan Singh, 62, remembers the time curious villagers turned up to see a borewell his father Gopal Singh had dug up. The year was 1969 and it was the first time Sumrasar village, near Bhuj in Kutch district, had had a borewell. Few had ever seen it work, as they depended entirely on rainwater for the barely one crop they harvested a year. Originally from Pakistan, Gopal...
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