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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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Fertility rates of Hindus and Muslims converging: study

-The Hindu India’s religious mix has been stable since 1951, says Pew Center study The religious composition of India’s population since Partition has remained largely stable, with both Hindus and Muslims, the two largest religious groups, showing not only a marked decline but also a convergence in fertility rates, according to a new study published by the Pew Research Center, a non-profit based in Washington DC. The study, based on data sourced from...

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Why Indian States Need to Incorporate Gender Budgeting in Their Fiscal Planning -Lekha Chakraborty

-TheWire.in Even in a state like Kerala, higher human development indices have not translated into equally solid gender outcomes. An interesting public policy question that has emerged over the last few years is why high human development indices are not translating into a better ‘gender status’ for Kerala. The Human Development Index (HDI) in Kerala (0.763) is the highest in India. The HDI is estimated as the geometric mean of three crucial aspects...

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No time to lose, says Sunita Narain on the new IPCC report

-Press release by Centre for Science and Environment dated 9th August, 2021 The latest IPCC report confirms that we can no longer lose time in prevarication or in finding new excuses not to act, including empty promises of net zero by 2050. We bring you an appraisal of the report’s findings by CSE director general Sunita Narain * The Intergovernmental Panel on Climate Change (IPCC) releases the first part of its sixth...

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Inflation remains above 6% for second month

-The Hindu  Growth impulses remained fragile, manufacturing output tanked 9.5% After touching a six-month high in May, India’s retail inflation was virtually unchanged in June at about 6.3%, remaining out of the central bank’s comfort zone for a second month in a row. Economists expect the Reserve Bank of India (RBI) to revisit its inflation estimate of 5.1% for 2021-22 and stressed that lack of fiscal policy action to cool prices could precipitate...

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