Financial Accountability Network – India
Striving to Make Financial Institutions Accountable
Social welfare allocations in the India’s budget have lagged behind promises for a decade. Here’s how Budget 2024 compares. As India accelerates towards becoming the third largest global economy, its growth is marked by increasing inequality. The post-pandemic recovery has been uneven and characterised by a K-shaped growth trajectory, where certain segments of…
Press Release | 16.08.2024 Call upon banking and non-banking financial institutions to follow suit and initiate write offs Demand disaster-sensitive loan & credit policies nationally Demand sensitive and cautious investment practices in ecologically fragile regions The Financial Accountability Network India and Centre for Financial Accountability congratulate and commend the Kerala…
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…
How many houses were actually built? Did the most marginalised actually benefit? What discrepancies does the CAG report show? From the glaring inequalities in the housing sector to the evictions and the communally driven “bulldozer justice” the report reviews the housing sector. This is the fourteenth and the last in…
This is the fifth in a series of report cards by the Financial Accountability Network India, that attempts (even if not exhaustively) to glance through and highlight a few of the claims and reality of the government’s performance across various sectors from a financial and economic lens. While the govt…
What the Finance Minister presented as the “White Paper” on Indian economy was more like an effort to White Wash a decade of its failure.
Just a scratch on the surface peels off the layers of lies, media hyperboles and gimmicks. What remains is the reality which is stark, alarming and dark. A reality they wish to hide behind its divisive politics of hate.
The essence of democracy requires that we hold governments to account vis-a-vis their claims and promises. But one of the biggest casualties of the recent years has been the idea of accountability. The divisive and jingoist hyperboles in the media facilitate a collective amnesia. This report card (though not conclusive)…
Balance Sheet of a Decade! The essence of democracy requires that we hold governments to account vis-a-vis their claims and promises. But one of the biggest casualties of the recent years has been the idea of accountability. The divisive and jingoist hyperboles in the media facilitate a collective amnesia. This…
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…
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…