Coallateral consolidates research with findings of the Independent People’s Tribunal on the MoU signed between Rajmahal Pahad Bachao Andolan and PANEM Coal Mines (a Joint Venture between EMTA and Punjab State Electricity Boards, now renamed PSPCL) that took place in November 2014 in Ranchi. The MoU, then touted as a historic new development in the struggle between communities, the State and private corporations for natural resources disappeared from the imagination of the larger public, while becoming a dismal reality for the people affected by the coal mines. The Tribunal and relating research has brought forward new arguments for the ongoing debates on consent for land acquisition, alternatives, the ownership of natural resources, and the state’s relationships with private companies. The study also documents the discrepancies and irregularities in the allocation of the coal-mines, the MDO model of private mining, the trajectory of the andolan, the signing and terms of the MoU, the extent of its implementation, the violation of the Santhal Paraganas Act and its impact on the lives of the Adivasi communities.
Down the Rabbit Hole – What the Bankers Aren’t Telling You! (2014)
The report studies trends in financing, project finance and performance of banks. This report exposes the consequences of unaccountable lending, due diligence oversights prior to sanctioning of loans to projects, social and environmental issues impacting loan quality and other weak links in the lending framework.
The study analyses socio-environmental violations by projects and their implication on the project loans through thorough investigation into social, environmental, legal and financial issues of six case study projects across India – GMR Kamalanga Energy, Athena Demwe Lower HEP, Sasan UMPP, Lavasa Hill City, Lafarge Surma and Krishnapatnam UMPP.
The risks involved in financing of mega projects by banks are enormous and necessitate an in-depth understanding into their implications and repercussions.
FISHING IN TROUBLED WATERS (2015)
The issue of fishworkers arrests between India and Pakistan by the Maritime Security Agency (MSA) of Pakistan and the Indian Coast Guard dates back to the Independence of Pakistan and India. However, the intensity or the number of people arrested has mostly been on the rise and by the late 1990s, it was alarmingly high.
This compilation covers the contemporary history of intense efforts of the last four years in getting the fishworkers release from the other country’s jails as well as creating a mechanism for permanent release of fishermen.
It aims at covering the issues faced by fishermen of India and Pakistan and includes a section comprising of a timeline of efforts made by groups of activists from both sides. It also gives a glimpse of significant dialogue processes between activists and governments of two countries that they have led to. The latter part of the publication comprises a collection of articles.
In 2012, the National Forum for Forest People and Forest Workers (NFFPFW) decided to convert the Forum to a national level Trade Union.
The idea for a publication, which aimed at giving an account of the lives, livelihood, struggles and political analyses of, the movement through group discussions and interviews with people within the movement, emerged.
The publication is a compilation of movement histories through ‘plural narrations’. While this is an interim publication, efforts are ongoing to produce a larger book with more interviews.
SIACHEN: END TO THE IMPASSE? (2013)
The long-standing Siachen dispute has taken a toll on the lives of people and relationships between India and Pakistan.
The initial dossier that put together some of these articles were prepared as a context-setter to the Roundtable (RT) on Siachen between India and Pakistan people’s platforms.
The book brings together important points, key discussions and a chronology along with historical explanations of country positions. It includes diverse writings that have appeared in mainstream journals and media regarding the conflict, especially since its violent and war-like turn since 1984.
This Socio-Economic Study was conducted in the project-affected area of GMR Kamalanga Energy Limited (GKEL) in Dhenkanal, Odisha to understand the ground scenario post the setting-up of GKEL coal-based thermal power plant by GMR Energy.
Contradictory to the often used argument that setting up industries in rural areas boosts local economy and generates employment, this study finds that a majority of the people in the 11 project affected villages have lost their livelihood without being compensated with employment in the company.
The number of landless families has significantly increased. Some of the impacts of the GKEL project on the community are relating to land alienation, depletion of ground water table, pollution, diversion of ayacut land, loss of irrigated land, loss of labour, loss of access to forest lands and its produce and loss of community commons.
Banner Photo Credit@ Riju Das
The concept of institutionalized finance is a fairly complex issue whose nuances are often difficult to grasp. Keeping this in mind Unfolding Crisis seeks to demystify the NPA phenomenon by providing relevant facts, figures and trends to shed light on the factors leading to the crisis and also propose counter measures, which will ensure both the non-occurrence of such a situation and improve transparency and public accountability in the banking sector.
The Reserve Bank of India (RBI) in its Financial Stability Report published in June 2016 had projected that the gross NPA rate of the banking sector could increase to 8.5% of the total advances. Dr. Raghuram Rajan had also made it clear that unless the stress in the banking sector is dealt with, growth cannot be revived. To further inflate the issue, if restructured loans are included within the ambit of NPAs, the situation is likely to go out of hand, adversely impacting the overall health of the economy.
The NPA crisis is at the cusp of criticality, whereby the stability and growth of the National Economy, the Industrial Sector and the average citizen may be substantially threatened. However, before this banking anathema is countered and corrected, it must first be discussed and understood. As Henry Williams had once said, “Furious activity is no substitute for understanding”.