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Finance

Online: Northern response

Issue Date: Nov 15, 2007
www.worldbankcampaigneurope.org There has been lot of pressure on the World Bank of late. A recent tribunal in New Delhi recently came down heavily on the institution. Now it is been challenged by more than 70 European NGOs which say they "have fundamental concerns about the way the Bank operates". The organizations backing the campaign are calling European governments to press the bank to take a second look at its fossil fuel lending. It's also called for lesser strings attached to Third World loans.

Online: Northern response

Issue Date: Nov 15, 2007
www.worldbankcampaigneurope.org There has been lot of pressure on the World Bank of late. A recent tribunal in New Delhi recently came down heavily on the institution. Now it is been challenged by more than 70 European NGOs which say they "have fundamental concerns about the way the Bank operates". The organizations backing the campaign are calling European governments to press the bank to take a second look at its fossil fuel lending. It's also called for lesser strings attached to Third World loans.

Problems continue for Bangalore-Mysore expressway

Author(s): Nidhi Jamwal
Issue Date: Oct 15, 2007
on august 30, the Karnataka government passed a cabinet decision to invite global tenders for the Bangalore-Mysore Infrastructure Corridor Project. Following this, the war between the project's present developer, Bangalore-based Nandi Infrastructure Corridor Enterprise (nice), and the state government has become worse.

Andhra salt-makers want recognition as farmers

Issue Date: Oct 15, 2007
"Why shouldn't salt-making be classed as agriculture?" asks R Potharaju. "Both require land, water and sunshine, and are subject to vagaries of nature," he reasons. Potharaju is convenor of the Prakasam District Salt Farmers Forum.

Some funds creating green portfolios, but investment routes won't change soon

Author(s): Kate Chaillat
Issue Date: Sep 30, 2007
Asset managers are trying to take environmental and social issues into consideration when selecting companies to invest in. Mutual fund managers were originally bound by law in the us and in Europe to invest in what will bring the highest return. However, as consumer consciousness started changing, mutual funds have been pushed to review their priorities.

Africa's largest slum has a radio station

Issue Date: Sep 15, 2007
Africa's largest slum, has got a radio station. A five-story apartment building at the edge of Kibera in Nairobi, Kenya recently sprouted a new antenna--this is the wand through which the voice of kibera is now being broadcast to the transistor radios of a million people. Pamoja 99.9 fm joins a growing chorus of community radio stations in Kenya

Karachi expressway elicits protests

Author(s): SHAHID HUSAIN
Issue Date: Aug 31, 2007
pakistan's plan of a 25-km elevated expressway in Karachi, linking the city's airport and two ports, has triggered protests in the country. Opponents of the us $350 million project point at financial unviability and a skewed environment impact assessment (eia) report. But the City District Government Karachi (cdgk), the project proponent, argues that the expressway will minimise traffic load. The project will be built by

Meghalaya limestone quarries closed

Issue Date: Aug 15, 2007
French multinational Lafarge's limestone quarries in Meghalaya, which supply raw material to its cement plant across the border in Bangladesh have been shut down by the government. This comes nearly a year after an official of the Union Ministry of Environment and forests (moef) found that the mining lease area was forestland. The official had also found that environmental consultants and a local

China's investment in Africa suspected

Issue Date: Jul 31, 2007
Increasing Chinese investment in Africa is being seen with suspicion, with complaints that China was treating Africa as a colony and supporting oppressive regimes in the continent. In a three-day fair in July in Wuhan, capital of China's Hubei province, China and Africa agreed to co-operate in various sectors like construction,

World Bank's friendship with corporate sector

Issue Date: Jul 15, 2007
Every year, the World Bank channels about US $18-20 billion to developing countries in the form of loans and grants with the ostensible aim of reducing poverty and promoting economic growth. The bank always acts in tandem with its sibling agency, the International Monetary Fund, even in countries that no longer borrow from the fund.
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