Press Releases Archives - Centre for Financial Accountability

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Press Release | New Report Shows Wealth Tax On 1688 Ultra-Rich Families In India Could Generate Over ₹10 Lakh Crore For Welfare: Calls For Wealth Tax

AT A GLANCE The combined wealth of Mukesh Ambani, Gautam Adani & family, Savitri Jindal & family, Sunil Mittal ...

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Press Release: State of Finance in India Report 2024-25

Press Release: December 19, 2025 ‘As Digitalisation Deepens, Welfare Systems are Collapsing Under Expanding Exclusio...

Press Releases

Article

Coal is Clean for Rural India and Dirty for Urban?

Rollback of FGD rules is a shortsighted, unhealthy, and economically flawed move. Press Statement | July 16, 2025 New...

Coal Energy General Press Releases

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Renewable energy lending up by 60% last year

Companies engaged in coal power expansion received US$ 2 billion in underwriting services from US based financial instit...

Coal General Press Releases

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174 Civil Society Organizations, Networks, and Activists Oppose Financing by IFC for Abellon Clean Energy’s Toxic, Pollution Waste-to-Energy Projects in Gujarat, India

PRESS RELEASE | 23.08.24 August 23, 2024 – A collective letter written by the Centre for Financial Accountability, Inte...

Energy General Press Releases WTE(Waste to Energy)

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Response to the Reserve Bank of India’s Draft Prudential Framework for Project Finance

Press Note “Civil society organisations urge RBI to incorporate environmental, climate and social considerations in the ...

General Press Releases

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Claims of Employment Rate Increase a Sham: Economists

Press Release: December 1, 2023 New Delhi: At a time when the Centre for Monitoring Indian Economy’s report claims an up...

COFI 2023 General Press Releases

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Nobel Prize-Winning Economist Joseph Stiglitz and Others Urge the US Supreme Court to Review World Bank Group Immunity in the Tata Mundra Finance Case

Submissions in the case on the disastrous Tata Mundra power plant project demonstrate that immunity decision in the US S...

General Press Releases Tata Mundra Ultra Mega Project

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PFC was the sole coal financier in 2020 | Press Release

SBI’s project finance loans to RE projects increased by 334% New Delhi, December 14, 2021: Coal vs Renewables Fina...

Press Releases

Article

BRICS Summit: People’s Forum calls it “lost opportunity”

Civil Society Groups to hold People’s Forum on BRICS in October 2021 New Delhi, September 10: The 13th BRICS Sum...

Press Releases

September 16, 2026

CFA

Press Release | New Report Shows Wealth Tax On 1688 Ultra-Rich Families In India Could Generate Over ₹10 Lakh Crore For Welfare: Calls For Wealth Tax

AT A GLANCE The combined wealth of Mukesh Ambani, Gautam Adani & family, Savitri Jindal & family, Sunil Mittal & family, and Shiv Nadar increased by 400% from 2019 to 2025 Ambani’s wealth increased by 153% from 2019 to 2025 while Adani’s increased by a whopping 625% ‎If only a 2% we...

General Indian Economy Press Releases Wealth Inequality

Article

December 20, 2025

CFA Admin

Press Release: State of Finance in India Report 2024-25

Press Release: December 19, 2025 ‘As Digitalisation Deepens, Welfare Systems are Collapsing Under Expanding Exclusions’: New Report on Gig Economy Release of the State of Finance in India Report 2024-25 New Delhi: Senior economists and activists released the third edition of the State of F...

Press Releases

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July 16, 2025

CFA Admin

Coal is Clean for Rural India and Dirty for Urban?

Rollback of FGD rules is a shortsighted, unhealthy, and economically flawed move. Press Statement | July 16, 2025 New Delhi: On July 11, 2025, the Ministry of Environment, Forest and Climate Change (MoEF&CC) issued a notification relaxing the 2015 mandate for Flue Gas Desulfurization (FGD) sy...

Coal Energy General Press Releases

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January 1, 2025

CFA Admin

Renewable energy lending up by 60% last year

Companies engaged in coal power expansion received US$ 2 billion in underwriting services from US based financial institute New Delhi, December 19, 2024: The Centre for Financial Accountability released its seventh annual Coal vs Renewables Investment report today. The report, which traditionally lo...

Coal General Press Releases

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August 23, 2024

CFA Admin

174 Civil Society Organizations, Networks, and Activists Oppose Financing by IFC for Abellon Clean Energy’s Toxic, Pollution Waste-to-Energy Projects in Gujarat, India

PRESS RELEASE | 23.08.24 August 23, 2024 – A collective letter written by the Centre for Financial Accountability, International Accountability Project, National Hawkers Federation, GAIA-Asia Pacific, and Break Free From Plastics and endorsed by 174 civil society organizations, regional and global ...

Energy General Press Releases WTE(Waste to Energy)

Article

June 17, 2024

CFA Admin

Response to the Reserve Bank of India’s Draft Prudential Framework for Project Finance

Press Note “Civil society organisations urge RBI to incorporate environmental, climate and social considerations in the project finance framework!” “RBI must examine the causes that led to huge write-offs and loss of public money, before formulating a draft prudential framework on big project financ...

General Press Releases

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December 1, 2023

CFA Admin

Claims of Employment Rate Increase a Sham: Economists

Press Release: December 1, 2023 New Delhi: At a time when the Centre for Monitoring Indian Economy’s report claims an upward trend in employment in India’s labour market with 15 million people entering the workforce, economists exposed that claim by establishing that a fall in unemployment is not eq...

COFI 2023 General Press Releases

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February 18, 2022

CFA Admin

Nobel Prize-Winning Economist Joseph Stiglitz and Others Urge the US Supreme Court to Review World Bank Group Immunity in the Tata Mundra Finance Case

Submissions in the case on the disastrous Tata Mundra power plant project demonstrate that immunity decision in the US Supreme Court has broad and dangerous consequences. February 17, 2022, New Delhi – This week, prominent economic, legal, diplomatic, and civil society experts – including Joseph S...

General Press Releases Tata Mundra Ultra Mega Project

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May 15, 2024

CFA Admin

PFC was the sole coal financier in 2020 | Press Release

SBI’s project finance loans to RE projects increased by 334% New Delhi, December 14, 2021: Coal vs Renewables Financial Analysis 2020 identifies PFC, and its subsidiary REC, as the sole state-owned financial institutions that provided project financing to coal power projects in 2020. The fourt...

Press Releases

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September 10, 2021

CFA Admin

BRICS Summit: People’s Forum calls it “lost opportunity”

Civil Society Groups to hold People’s Forum on BRICS in October 2021 New Delhi, September 10: The 13th BRICS Summit, chaired by Indian Prime Minister Narendra Modi and attended by Brazil President Jair Bolsanaro, South African President Cyril Ramaphosa, Russian President Vladimir Putin, and ...

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Press Releases

Press Release | New Report Shows Wealth Tax On 1688 Ultra-Rich Families In India Could Generate Over ₹10 Lakh Crore For Welfare: Calls For Wealth Tax

Press Release: State of Finance in India Report 2024-25

Coal is Clean for Rural India and Dirty for Urban?

Renewable energy lending up by 60% last year

174 Civil Society Organizations, Networks, and Activists Oppose Financing by IFC for Abellon Clean Energy’s Toxic, Pollution Waste-to-Energy Projects in Gujarat, India

Response to the Reserve Bank of India’s Draft Prudential Framework for Project Finance

Claims of Employment Rate Increase a Sham: Economists

Nobel Prize-Winning Economist Joseph Stiglitz and Others Urge the US Supreme Court to Review World Bank Group Immunity in the Tata Mundra Finance Case

PFC was the sole coal financier in 2020 | Press Release

BRICS Summit: People’s Forum calls it “lost opportunity”

Press Release | New Report Shows Wealth Tax On 1688 Ultra-Rich Families In India Could Generate Over ₹10 Lakh Crore For Welfare: Calls For Wealth Tax

Press Release: State of Finance in India Report 2024-25

Coal is Clean for Rural India and Dirty for Urban?

Renewable energy lending up by 60% last year

174 Civil Society Organizations, Networks, and Activists Oppose Financing by IFC for Abellon Clean Energy’s Toxic, Pollution Waste-to-Energy Projects in Gujarat, India

Response to the Reserve Bank of India’s Draft Prudential Framework for Project Finance

Claims of Employment Rate Increase a Sham: Economists

Nobel Prize-Winning Economist Joseph Stiglitz and Others Urge the US Supreme Court to Review World Bank Group Immunity in the Tata Mundra Finance Case

PFC was the sole coal financier in 2020 | Press Release

BRICS Summit: People’s Forum calls it “lost opportunity”