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FOCUS ON INDIA (FOI), Issue August 2007: Volume IV No 8 |
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Thursday, 06 September 2007 |
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Monthly e-newsletter from Focus on the Global South, India
Content summary:
It is said that democracies are like wine; they mature with age. August 2007 marks 60 years of independence for Pakistan and India. Whereas Pakistan is ruled by a military dictator, India is being marketed for global capital as the 'world's fastest growing free market democracy'. In her article, Meena Menon argues that figures being advertised as signs of India's success such as GDP growth, FDI inflows and cell phone usage reflect the creation of immense wealth for the upper and middle classes. She also makes the important point that the democracy gap has widened in the country with disastrous implications for common people. We also carry a report on 2 events to mark the occasion.
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FOCUS ON INDIA (FOI), Issue July 2007: Volume IV No 7 |
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Tuesday, 24 July 2007 |
Content summary:
Private finance is a public interest issue; it dwarfs both loans from International Financial Institutions and Official Development Assistance (ODA) from bilateral donors. But as private finance grows more powerful, influencing public policy to allow it to cross borders without fetters, it also becomes more complicated to grasp. Hedge funds, investment banks and commercial banks are developing diverse, complex ties with one another. Understanding the perplexing world of global finance was the topic of a conference that Focus on the Global South coorganised with several allies in Bangkok from July 15-17 (For the conference
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World Bank attempt to privatise Mumbai's water runs aground |
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Friday, 15 June 2007 |
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Citizens reject spurious Consultants report
By Afsar Jafri*
7th June 2007
On 3rd June, the Municipal Corporation of Greater Mumbai (MCGM) held a stakeholders meeting in which the New Zealand based consultant group Castalia (hired by the World Bank and the Public Private Infrastructure Advisory Facility) to conduct a study in the K-east ward of Mumbai, presented their findings and recommendations after a year-long study, for the Water Distribution Improvement Programme (WDIP). The meeting was attended by the MCGM Labour Union, K-east ward residents, activists, experts in water management and a few elected representatives. Shyamal Sarkar of the World Bank (WB) and Bhavna Bhatia of the PPIAF were special invitees. The presence of the citizens, labour unions and activists proved disastrous for Castalia and the World Bank. Both organisations were exposed for presenting a report based on inflated data in order to push through water privatisation.
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