-Press release by Gurgaon Nagrik Ekta Manch dated 26th April, 2020 A large number of civil society organisations came forward to respond quickly to the lockdown-induced hunger crisis among the informal sector workers in Gurgaon. Gurgaon Nagrik Ekta Manch (GNEM), an organisation working among the unorganised workers, started distributing an average of 350 ration kits per day since 27th March, 2020, the third day of the lockdown, and about 25,000 cooked...
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The Exodus of Finance from the Third World -Prabhat Patnaik
-Newsclick.in This unwillingness of finance to stay in, or move to, the Third World, is impairing the ability of several countries to pay for their imports and to service their external Debt. There is an exodus of finance from the Third World at present, far exceeding in scale what had occurred in 2008 after the financial crisis. Even more important than the actual outflow is the desire on the part of finance...
More »The US and India have failed the developing world -CP Chandrasekhar & Jayati Ghosh
-The Hindu Business Line By blocking a proposal for the IMF to issue new Special Drawing Rights, the two have denied developing countries much-needed liquidity at a time of extreme economic distress At the recent G20 and IMF-WB Spring meetings held virtually in the third week of April 2020, a proposal for the IMF to issue an additional 500 billion of Special Drawing Rights (SDRs) was blocked by the US and —...
More »What will be available and what will be closed during the 21-day lockdown
-The Hindu Narendra Modi has announced a 21-day lockdown starting from midnight tonight as a major step in fighting the COVID-19 pandemic. During the “containment” period of 21 days from March 25, 2020, the following services Will remain open: * Shops, including ration shops, dealing with food, groceries, fruits and vegetables, dairy and milk booths, meat and fish, animal fodder. District authorities to encourage home delivery to minimise individual movement. * Banks, insurance offices and...
More »The Unexpected Reckoning: Coronavirus and capitalism -Radhika Desai
-NetworkIdeas.org It is perhaps fitting that the seriousness of the coronavirus threat hit most of the Western world around the Ides of March, the traditional day of reckoning of outstanding Debts in Ancient Rome. The previous week had been a veritable roller coaster ride. The World Health Organization (WHO) finally declared the contagion a pandemic, governments scrambled to respond, the virus dominated the news cycle as well as the plethora of...
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