1
Why Should We Care About Development Finance? ...because it's our money! Volume 2, Issue 39, April 12, 2019 Bridge The Borders: Connect Asia And Beyond! A Brief Review of AIIB’s Report India’s ballooning NPA and banking crisis is a testimony to the reality whereby infrastructure projects have not only failed to bring in private capital, but have instead managed to siphon off small savers’ money from public sector banks. Five Years of Achhe Din: A Quick Look at Banking and Finance Sector The NDA alliance’s grand victory on the agenda of development and good days to come (achhe din) stated off on a high note. But what followed was brazen violence against minorities, Dalits, Adivasi, women and marginal sections of the society, systematic destruction of institutions, forced poverty, decimation of the informal sector, corruption unemployment and a stressed economy. Read more... Story Of The Struggle Against World Bank and Tata Mundra In its historic decision on 27th Feb 2019, the U.S. Supreme Court decided that international organizations like the World Bank Group “don’t enjoy absolute immunity”. The Court’s decision marks a defining moment. For years, the World Bank has operated as if it were “above the law,” at times pursuing reckless lending projects that inflicted serious human rights abuses on local communities, and then leaving the communities to fend for themselves. Demands from the Peoples Movements of MP to the Lok Sabha Candidates Over 30 people’s organisations and grassroots groups from Madhya Pradesh have issued a joint statement on the energy and water sector development projects and their financing mechanisms. more... आम चुनाव सभी उीदवार जन The Government Must Recover The Money From The Large Borrowers: Shabnam Hashmi "The wealthiest one per cent in India holds the majority of the total national wealth. If we look at the non-performing assets of the banks, these one per cent people are responsible for them. Instead of recovering the loans from these borrowers, or tax them, the government introduced various bank charges," says activist, Shabnam Hashmi. SBI Deducted Over Rs 1000 From My Account: Faizan, Student “In the last year and a half, SBI has deducted over Rs 1000 from my account in the name of minimum balance and other banks charges,” says Faizan, a student of the Jamia Millia Islamia University. Bank Charges Must Go Now! Bank charges come in multiple forms: non-maintenance of minimum balance, cash withdrawals and deposits at bank branches and ATMs, cash deposit at Cash Deposit Machines, balance inquiry and mini-statements from ATMs, annual charge on debit cards, regeneration of ATM PIN from bank branches, SMS alerts, change of address or mobile number, changes in KYC related documents etc. All of these directly hurt the poor most. Centre for Financial Accountability, New Delhi https://www.cenfa.org To subscribe, write to: [email protected] Want to change how you receive these emails? You can update your preferences or unsubscribe from this list

Bridge The Borders: Connect Asia And Beyond! A Brief ... · Borrowers: Shabnam Hashmi "The wealthiest one per cent in India holds the majority of the total national wealth. If we

  • Upload
    others

  • View
    6

  • Download
    0

Embed Size (px)

Citation preview

Page 1: Bridge The Borders: Connect Asia And Beyond! A Brief ... · Borrowers: Shabnam Hashmi "The wealthiest one per cent in India holds the majority of the total national wealth. If we

From: [email protected]: Mailchimp Template Test - "Finance Matters, April 12, 2019"

Date: 15 April 2019 at 1:31 PMTo: [email protected]

Why Should We Care About Development Finance? ...because it's our money! Volume 2, Issue 39, April 12, 2019

Bridge The Borders: Connect Asia And Beyond! A Brief Review of AIIB’s ReportIndia’s ballooning NPA and banking crisis is a testimony to the reality whereby infrastructureprojects have not only failed to bring in private capital, but have instead managed to siphon offsmall savers’ money from public sector banks. Read more...

Five Years of AchheDin: A Quick Look atBanking and FinanceSectorThe NDA alliance’s grand victory onthe agenda of development andgood days to come (achhe din)stated off on a high note. But whatfollowed was brazen violenceagainst minorities, Dalits, Adivasi,women and marginal sections ofthe society, systematic destructionof institutions, forced poverty,decimation of the informal sector,corruption unemployment and astressed economy. Read more...

Story Of The StruggleAgainst World Bankand Tata MundraIn its historic decision on 27th Feb2019, the U.S. Supreme Courtdecided that internationalorganizations like the World BankGroup “don’t enjoy absoluteimmunity”. The Court’s decisionmarks a defining moment. Foryears, the World Bank has operatedas if it were “above the law,” attimes pursuing reckless lendingprojects that inflicted serioushuman rights abuses on localcommunities, and then leaving thecommunities to fend forthemselves. Read more...

Demands from thePeoples Movements ofMP to the Lok SabhaCandidatesOver 30 people’s organisations andgrassroots groups from MadhyaPradesh have issued a jointstatement on the energy and watersector development projects andtheir financing mechanisms. Readmore...

आम चुनाव में सभी उम्मीदवारों स ेमप्र के जनआंदोलनों की मांग ेऔर संकल्प

The Government MustRecover The MoneyFrom The LargeBorrowers: ShabnamHashmi"The wealthiest one per cent inIndia holds the majority of the totalnational wealth. If we look at thenon-performing assets of thebanks, these one per cent peopleare responsible for them. Instead ofrecovering the loans from theseborrowers, or tax them, thegovernment introduced variousbank charges," says activist,Shabnam Hashmi. Watch here...

SBI Deducted Over Rs1000 From MyAccount: Faizan,Student“In the last year and a half, SBI hasdeducted over Rs 1000 from myaccount in the name of minimumbalance and other banks charges,”says Faizan, a student of the JamiaMillia Islamia University. Watchhere...

Bank Charges Must GoNow!Bank charges come in multipleforms: non-maintenance ofminimum balance, cashwithdrawals and deposits at bankbranches and ATMs, cash depositat Cash Deposit Machines, balanceinquiry and mini-statements fromATMs, annual charge on debitcards, regeneration of ATM PINfrom bank branches, SMS alerts,change of address or mobilenumber, changes in KYC relateddocuments etc. All of these directlyhurt the poor most. Act Now...

Centre for Financial Accountability, New Delhi

https://www.cenfa.org

To subscribe, write to: [email protected]

Want to change how you receive these emails? You can update your preferences or unsubscribe from this list