State Bank of India loan to Adani - Protestors disrupt one day international cricket match held between India and Australia at Sydney.

Two protesters ran into the cricket ground, carrying a banner reading “No $1 Billion Adani loan’. They were protesting against the State Bank of India extending a huge loan to the Indian corporate, Gautam Adani, for coal mining in Queensland, Australia. Protesters also stood outside the cricket stadium carrying banners, against the State Bank of India loan to Adani. The protesters say that the coal mining will harm the world famous “Great Barrier Reef'', which is the world's largest coral reef system, on the coast of Australia.

It may be recollected that in 2014, immediately after Shri Narendra Modi becoming the prime minister, the State Bank of India approved a one billion dollar loan to the Adani Group, for coal mining in Australia. However, the loan was not given to Adani, in the backdrop of critics accusing the Modi government of crony capitalism. It is known to everyone that Gautam Adani is a long time supporter of Narendra Modi.   

[Courtesy: BUSINESS INSIDER INDIA dated 27.11.2020]