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HSBC India mired in controversies after the Swiss Leaks

24 March 2015 - by Sushovan Dhar

Following the Swiss Leaks implicating HSBC of actively promoting money-laundering and tax-heaven, the bank has hit the global headlines, but for wrong reasons. The trove of secret documents from HSBC Geneva reveals names of account holders and (...)
Universal Social Security – A commitment or a trickery?

9 March 2015 - by Sushovan Dhar

The ‘World Social Security Report’, released in 2010, by ILO reported India’s dismal track-record of social security protection for its citizens. It further stated that Indians, especially the poor and the marginalized, suffers from “very high (...)
Household Debt, Microcredit and the Death Trap

29 January 2015 - by Sushovan Dhar

The years preceding the financial crisis was marked by incremental household debt in most of the advanced capitalist countries. William Pesek a columnist with the business media Bloomberg, warned us a few months back that Asia faces the risk of (...)
Press release

Over Hundred Organisations Demand World Bank Withdrawal from Tata Mundra

4 November 2013 - by National Alliance of People’s Movements

Over a hundred prominent organisations expressed shock over World Bank President Dr. Jim Kim’s inaction on the audit report on Tata Mundra Power Project in Gujarat, condemned it and demanded International Finance Corporation’s (IFC) withdrawal (...)
Destructive Development: the ADB’s Privatization Agenda

12 May 2013 - by People’s front against IFI’s

In the name of poverty reduction and sustainable development, the Asian Development Bank (ADB) is promoting the transfer of natural wealth and public assets to private companies in India through loans and Technical Assistance (TA) in the (...)
Is the Asian Development Bank (ADB) Accountable?

12 May 2013 - by People’s front against IFI’s

Since the emergence of International Financial Institutions (IFIs), the questions about their transparency and accountability have been sternly shielded and severely evaded by their founders. The Asian Development Bank (ADB) was established as a (...)
Water crisis in Asia: ADB’s Grand Design to Alienate People from Commons

12 May 2013 - by People’s front against IFI’s

The Asian Development Bank (ADB)’s 2001 water policy loudly proclaims ‘Water for All’. With these words, the Bank takes pride in sharing its regional vision for this sector. It further pledges to put its finance and ‘knowledge’ to rescue the (...)
Agriculture, Water and Climate Change Nexus: ADB’s New Found Mantra for Resource Exploitation

12 May 2013 - by People’s front against IFI’s

While the world is witnessing the spectacle of emerging Asia, this comes as a tremendous stress to its cultivators and small farmers. A decrease of arable land with increasing number of stomachs depending on the produce, an exhaustion of finite (...)
Peoples Forum against ADB

India : Our planet is not for sale!

We, peoples’ movements, call for a protest against the 46th Annual Board of Governors’ Meeting (AGM) of the Asian Development Bank (ADB) in Greater Noida, Delhi during May 2-5, 2013.
India - Unified struggles against United aggression

National Federation formed to step up Struggle to protect Rights of Natural Resource based Traditional Communities

New Delhi, December 16 2011: “The fish in the sea would not have been there, if not for the rain, and the rivers, produced by the hills and the forests. The fishworkers of this country cannot sustain ourselves without identifying with and (...)
India: Peoples’s forest rights rally demanding community rights over natural resources

10 December 2011 - by National Forest Rights Campaign

MARCH TO DELHI FOREST RESOURCES ARE OUR BIRTH RIGHT. RIGHT TO PEOPLE’S control over NATURAL RESOURCES. MARCH TO DELHI IMPLEMENT FOREST RIGHTS ACT. RECOGNIZE COMMUNITY RIGHTS OVER FOREST. Friends, The Scheduled Tribes and Other (...)
Serial arms’ purchases by the New Delhi government

21 January 2011 - by Peter Custers

On December the 20th and 21nd last, Russia’s President Medvedev paid a two day visit to New Delhi. On this occasion, he signed a large number of contracts with India’s government of Manmohan Singh. The most prominent agreements, as reported in (...)
Financial and trade perspectives on external debt with reference to LDCs and India

6 January 2011 - by V. Jacob John

Presented at the CADTM South Asia in Colombo, Sri Lanka, December 9-11, 2010 Introduction Among the Millennium Development Goals (MDG) and targets launched by United Nations since 2000, Goal 8 pertains to develop a ‘Global partnership for (...)
India: The Budget of 2009, and capitalist goals

1 January 2010 - by Kunal

At first glance, the one day drama enacted when the Finance Minister rises to present the budget could be dismissed as a media spectacle. But the reality is more complex. It is true that television channels, newspapers, all try and milk the (...)
Hopenhagen, hypocrisy and Coca-Cola

29 December 2009 - by Farooq Sulehria

India’s leading environmentalist, Vandana Shiva had her ’’heart just sank’’ as she got off the flight at Copenhagen airport, when the first thing she ’’saw was a Coca-Cola bottle’’ as sponsor for ’’Hopenhagen’’. Sponsored by notorious corporate giants, (...)
Beyond the first anniversary of the debt-relief programme – what does it hold for the indebted Indian farmers?

23 September 2009 - by Sushovan Dhar

I Andhra Pradesh has recorded 25 farmers’ suicides in the last two months. Dozens of impoverished farmers struggling with debt and poor rainfall have killed themselves in southern India in recent weeks, leaving behind families plunged even (...)
Cancellation Of The External Debt And Recognition Of The Ecological Debt

6 June 2009 - by Sajida Hussein

The debt owed by poor countries to the IMF and World Bank is crippling, and very often comes at the expense of essential investments in people such as education, health care and environmental services. Some African countries, for example, spend (...)
World Bank Tribunal In India: Findings of the Jury

Here is the verdict from the Independent people’s tribunal on the World bank held at Jawaharlal Nehru university.
The Debt Relief Package of Rupees 60, 000 crores ($ 15 billion): Can it stop the farmers’ suicide in the country?

10 May 2008 - by Sushovan Dhar

55-year-old Dattu Chaudhary, who owned 3 hectares of land committed suicide in Nara village in Maharashtra, India on March 4, 2008 barely four days after the Finance Minister of India, P. Chidambaram announced a mammoth loan waiver for farmers. (...)
Chomsky: Poorer Countries Find a Way to Escape U.S. Dominance

1 March 2008 - by Michael Shank

The famous critic lays out the emerging alternatives to the U.S.-dominated international financial institutions of the last century.
The Indian daily The Hindu on 28 January 2008

Making one’s own model

South Asian countries led by India should consider creating a ‘Bank of South Asia’ to finance development projects in the region and provide an alternative to the economic model forced upon many countries by the World Bank and the International (...)
China and India: two models ?

12 January 2008 - by Eric Toussaint

China, a capitalist country of the modern style China is presented from the angle of its economic success, in terms of GDP growth and increased exports. GDP growth may well be impressive, but in fact, China has chosen a capitalist model of (...)
Green shoots amidst debt chaos

4 December 2007 - by Eric Toussaint

December 2007 As regards North/South relations, we are at present in a situation which is exactly the opposite of the financial crises of the past 25 years. The credit bubble has begun to deflate and is moving towards the developing countries (...)
A World Bank report kept under wraps brings fresh proof of the Bank’s failure to work for development and an end to corruption

5 November 2007 - by Renaud Vivien

The High Court of Bannai has rejected Novartis’ appeal against the Indian Patent Act, placing the Indian pharmaceutical sector in the limelight once again. This time, the issue is of fraudulent practices by pharmaceutical companies within the (...)
Independent Peoples Tribunal report

9 October 2007 - by Sushovan Dhar

The Independent Peoples Tribunal (IPT) on the World Bank Group took place from September 21-24, 2007 at Jawaharlal Nehru University (JNU), New Delhi India. The event was organised by an alliance of over 60 groups in collaboration with the JNU (...)