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PNB Housing Finance has raised Rs 500 crore by issuing bonds to World Bank arm IFC for funding its green residential projects.

Charging the Western nations with adopting double standards in their approach to climate change, Indian Power Minister Piyush Goyal on Tuesday urged them to "show some magnanimity" and keep renewab

A U.S. federal judge has dismissed a lawsuit filed by Indian fishermen and farmers who sued the World Bank over a loan for a power plant they claimed ravaged the environment.

Order of the United States District Court in the matter of Budha Ismail Jam & Others Vs International Finance Corporation dated 24/03/2016 regarding environmental and social harm caused by the coal-fired Tata Mundra Power Plant to the marine ecosystem, to the quality of the air, to plaintiffs’ (fishermen and farmers) health, and to their way of life.

Complaint dismissed. The World Bank's International Finance Corporation (IFC) is shielded by immunity and cannot be sued in the United States, the U.S. District Court judge ruled.