Adani foists coal mines and Hinduism on communities
An ancient way of life is threatened as coal mines destroy the forests of the Hasdeo Aranya, but the people are fighting back, taking control of local governments.
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Adani and the Elephants of the Hasdeo Aranya Forest
In India, a conflict between various state governments and the central Modi government is developing over Modi’s determination to proceed with a controversial auction of 41 coal blocks. In the state of Chhattisgarh, a proposed elephant reserve in the Hasdeo Aranya forest could prove crucial to whether coal mining in these biodiverse forests proceeds. But if the reserve is compromised to enable mining it will worsen human-elephant conflict for the indigenous Adivasis.
How a Change in a Rule by SEBI Helped Reliance Raise Rs 53,000 crore
A number of significant changes in rules and regulations by the Indian government during the COVID-19 lockdown facilitated a rights issue of shares by Reliance Industries Limited.
Destruction caused by Adani Godda Power Plant
A talk delivered online on Adani’s Godda power project
RBI Hike in Banks’ Group Exposure Limit to Benefit Reliance
The decision of the central bank and banking regulator to increase the group exposure limit that banks have in calculating the quantum of loans given to a particular corporate conglomerate as a proportion of the total loans given by the specific bank, will benefit India’s biggest private company, Reliance Industries Limited. This is the fifth article in a series.
Foreign Investments in Reliance Jio: A Security Concern
There has been a rush of stake sales in Reliance Jio to international investors. Questions relating to whether the government has addressed national security concerns while allowing these foreign investments remain unanswered. This is the fourth in a series of articles on India’s largest private corporate group.
Gujarat Revokes Power Tariff Hike: Adani, Essar to Gain
It is claimed that a recent decision by the Gujarat government, to revoke a 2018 government resolution allowing increases in electricity tariffs by private power companies in the Adani, Tata and Essar groups, would “safeguard” consumer interests. On the contrary, the decision may benefit the private companies at the expense of electricity consumers.
Did the Government Help Reliance Industries Raise Rs 53,000 crore?
The recently-concluded rights issue of shares by Reliance Industries Limited would not have been possible were it not for the relaxation of a crucial rule by the Securities and Exchange Board of India a few days before the Mukesh Ambani-headed company declared that it would conduct the country’s biggest-ever rights issue to raise over Rs 53,000 crore. This is the sixth article in a series.
Jio Payments Bank and SBI: A Camel Inside A Tent
Are there clear conflicts of interest in the joint venture between SBI and Jio Payments Bank? With over Rs 1 lakh crore of foreign investments in Reliance Jio, bankers are expressing concern about the security implications of the investments for SBI and Jio Payments Bank. This is the seventh article in a series.