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Taking the lid off illicit financial flows -Arun Kumar

-The Hindu The Pandora Papers have only highlighted the need for concerted steps to alter the global financial architecture The Pandora Papers, published on October 3, once again expose the illegal activities of the rich and the mighty across the world. The Pandora Papers investigation is “the world’s largest-ever journalistic collaboration, involving more than 600 journalists from 150 media outlets in 117 countries”. The International Consortium of Investigative Journalists (ICIJ) has researched...

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Rich countries need to do more on climate change : Jaishankar -Sriram Lakshman

-The Hindu The External Affairs Minister criticized rich countries’ $100 billion per year commitment (made in 2009 and still unmet) to finance climate action in developing countries External Affairs Minister S. Jaishankar suggested that rich countries needed to do more in terms of their climate commitments and allow developing countries the space to grow. His comments were made during a discussion with former U.S. Ambassador to India, Frank Wisner, organised by the...

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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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Citizen's Report on Year Two of the NDA-II Government 2020-2021: Promises and Reality, Civil Society Initiative, Coordinated by Wada Na Todo Abhiyan, released in July, 2021

-Citizen's Report on Year Two of the NDA-II Government 2020-2021: Promises and Reality, Civil Society Initiative, Coordinated by Wada Na Todo Abhiyan, released in July, 2021  “Promises & Reality – Citizens’ Report on the Year Two of the NDA II Government, 2020-21” is a collective work by eminent members and organisations of the Indian civil society. The report covers a wide array of concerns and issues in thematic areas including health,...

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India’s water is being exported as agri-exports; is there a solution -KAS Mani

-Down to Earth It is critical for us to adopt the circular water management model of treating and rejuvenating wastewater at source, along with efficient water management strategies to reduce water demand India’s agricultural exports registered a growth of 17.34 per cent, garnering $41.25 billion in foreign exchange for 2020-21 despite the novel coronavirus disease (COVID-19) pandemic. In rupee terms, this is equivalent to Rs 3.05 lakh crore. For a government faced...

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