Log has written
TUESDAY, FEBRUARY 14, 2012

By PTI

Mumbai: The World Bank has been indicted on 29 charges of human rights abuse and environmental damages in India, according to a study.

A 13-member panel of the Independent People’s Tribunal on the World Bank Group, consisting of prominent Indian and international jurists, economists, scientists, retired government officials, and social and religious leaders have found the World Bank guilty of harming the environment and lowering the standard of living for most Indians.

Charges in the final report include -- failure in its mission to reduce poverty, advocacy of policies which contribute to increased hunger, contributing to the agricultural crisis, and deliberate posting of former staff in the Indian bureaucracy in order to influence policy and diluting Indian environmental legislation.

According to a release issued by the World Bank Tribunal Secretariat, “The evidence and depositions we have witnessed presents a disturbing picture of increased and needless human suffering since 1991 among hundreds of millions of India’s poorest in rural areas and in the cities. It is clear that a significant number of Indian government policies and projects financed and influenced by the World Bank have contributed directly and/or indirectly to this increased impoverishment and suffering.”

blog comments powered by Disqus
State Bank’s profit, bad loans rise
The lender may have beaten expectations with a 15.4% rise in profits, but its NPAs are at a six-year...
Lanco to exit wind energy business
Lanco’s decision comes at a time when the company is laden with a debt burden of Rs 29,665.7 crore
DGCA orders removal of Jet’s chief of flight safety
The regulator took the action against Jet Airways for allowing a trainee pilot to land a packed flight...
Govt set to gain ‘back-door’ access to corporate email
The government is just a step away from gaining access to RIM’s widely used BlackBerry Messenger...
Seth Berkley | Quality is key in having healthy vaccine market
Seth Berkley of GAVI Alliance spoke to Mint about the vaccine market and other initiatives by the organization