Financial Accountability Network – India
Striving to Make Financial Institutions Accountable
Sealdah-bound Kanchanjunga Express disaster leaves 8 dead, 30 injured—2nd major accident under Railway Minister Vaishnaw in a year. Balasore accident last year: 291 lives lost. CAG reports ₹1 lakh crore shortfall for track renewal, funds misused on trivial items. Only 0.7% of safety funds used properly. Focus on Vande Bharat…
Date: 31st August 2023 We the undersigned express our deep concern on reports in the news media which state that a State Bank of India (SBI) led consortium is planning to invest ₹ 34,000 crore in the first phase of Adani Enterprises led Coal to Poly Vinyl Chloride (PVC) project…
An inevitable result of long neglect of scientific warnings, of gross financialization of nature and total lack of Environmental and Social Safeguard Policies! Joshimath woke up to large cracks on roads and houses with muddy water seeping from them, not in one or two but in over 600 houses! News media and…
Statement by People’s Movements, Trade Unions and CSOs Date: 17th January 2023 The central government opening the biggest new coal mine auction, announced in November 2022, is a mockery of the Prime Minister’s own climate announcements at climate change summits, and an invitation to worsening the climate crisis. In early…
Financial Accountability Network India (FAN India) condemns the government’s move to seek another round of funds from Reserve Bank of India (RBI). This comes in just months after the RBI approved Rs. 1.76 Lac Crore (including Rs. 52,637 crore from its contingency fund) of its surplus to be transferred to…