Table of Contents
What has happened?
- On the opening day of India vs Australia 2020 cricket tour, hundreds joined #StopAdani protests at the Sydney Cricket Ground, and the Indian Consulates in Canberra and Melbourne.
- Bypassing the security, two of the protesters also made their way into the field during the first ODI between India and Australia.
- They raised “No $1bn Adani loan” placards and were later escorted out of the pitch.
What protesters want?
- The protesters called on the State Bank of India to take back its decision,
- To provide loans worth AUD$1 Billion to Adani Enterprises for its Carmichael coal mine project in Australia.
- They alleged the loan would hand Indian taxpayer funds to Adani to dig its Australian coal mine, which no bank in the world has so far been willing to fund.
Funding for the project
- Both SBI and Adani had signed an MoU regarding a $1-billion loan in 2014.
- Following intense controversy over the Carmichael coal mine project, the State Bank of India had earlier walked away from a proposed $1 billion loan to Adani in 2015.
- But now, reports say the SBI has agreed to offer Rs 5,000-crore loan to Adani’s Bravus Mining after concerns related to the project were addressed.
Q) Arrange the type of coal from lowest to highest quality.
- Lignite
- Anthracite
- Peat
- Bituminous
- 1-2-3-4
- 1-2-4-3
- 3-1-2-4
- 3-1-4-2
Latest Burning Issues | Free PDF