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IMF’s Issue of Fresh SDRs -Prabhat Patnaik

-Networkideas.org  The International Monetary Fund has announced a fresh issue of $650 billion Special Drawing Rights in August which would be distributed among member countries in proportion to their IMF quotas. This amount is less than what had been demanded by many, which was a trillion dollars, but it does represent a small temporary comfort for the heavily indebted third world countries. Almost all of it will go into the pockets of...

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UN Food Systems Summit: The Battle Over Global Food and Agriculture Governance -Oakland Institute

-Press release by Oakland Institute dated 21st September, 2021 Oakland, CA: The Food Systems Summit, hosted by the United Nations, has been reduced to a day-long virtual event on September 23, 2021 — a result of an unprecedented counter mobilization around the world. Hijacked by proponents of corporate industrial agriculture, the summit faced a united front from farmers, civil society groups, and social movements around the world, who rejected and mobilized...

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Why Schools Should Not be Allowed to Open Prematurely -Soumya Datta and C Saratchand

-Newsclick.in Just reopening schools won’t make an unequal education system more equal without public funding. It may speed up SARS-CoV-2 mutations and risk another brutal Covid-19 wave. The Delhi government recently decided to reopen schools and other educational Institutions after a long Covid-19 related shutdown. Previously, several other states had taken similar decisions. Such decisions have been backed by several experts and activists, principally on two grounds. Firstly, socially and economically disadvantaged...

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COVID-19: Study Says India Top Source of Social Media Misinformation

-PTI/ Newsclick.in 'Social media (84.94%) produces the largest amount of misinformation, and the internet (90.5%) as a whole is responsible for most of the COVID-19 misinformation. Moreover, Facebook alone produces 66.87% of the misinformation among all social media platforms.' New Delhi: India produced the largest amount of social media misinformation on COVID-19 due to the country's higher internet penetration rate, increasing social media consumption and users' lack of internet literacy, according to...

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RBI proposal to loosen lending norms for private players a catastrophe in the making -Rana Mitra

-Frontline.thehindu.com The RBI’s proposal to loosen regulations for private lenders in the microfinance space will have disastrous consequences for the poor, especially women in rural areas. Microfinance, a category of financial services aimed at serving people from low-income households who lack access to conventional banking credit and services, was originally designed by international finance capital Institutions such as the World Bank as an alternative to providing direct concessional credit to the poor—which...

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