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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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What does living in a democracy mean for the poor of India? This book goes to the people to find out -Suryakant Waghmore

-Scroll.in The cast of characters readers will meet is staggering, and necessary, to understand the complex relationship between democracy and some the poorest people. Very few books on poverty in India are as nuanced as Indrajit Roy’s Politics of the poor: Negotiating Democracy in Contemporary India. From its very first page, Roy has his readers agog when he informs them that “the world is richer than it has been at any time...

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Sustainable development report shows devastating impact of COVID, ahead of ‘critical’ new phase

-UN News  The Sustainable Development Goals Report 2021, launched on Tuesday at UN Headquarters in New York, shows the toll that the COVID-19 pandemic has taken on the 2030 Agenda, as the landmark annual High-Level Political Forum (HLPF) officially got underway.  Gains rolled back In addition to the almost four million deaths due to the coronavirus, between 119-124 million people were pushed back into poverty and chronic hunger, and the equivalent of 255...

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On Covid patents waiver, health cannot be held hostage to profit -Rajshree Chandra

-The Indian Express Innovation in vaccine production can have an impact only if it is accessible to all. Patents and access to life-saving drugs has always been an emotive and contentious issue. The right to healthy life is a moral minimum, and to find a rational basis to deny it is deeply offensive to the idea of life itself. At the same time, pharma corporations and institutions claim patents are a just...

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Biden undecided on COVID-related TRIPS waiver, as Republican lawmakers oppose India's proposal at WTO -Sriram Lakshman

-The Hindu 12 Republican lawmakers write a seven-page letter to U.S. Trade Representative Katherine Tai on the issue U.S. President Joe Biden said on Tuesday that he had not made a decision on whether the U.S. would support an Indian and South African initiative at the World Trade Organisation (WTO) to waive Trade Related Intellectual Property Rights (TRIPS) to facilitate the production of COVID-19 related vaccines and therapeutics around the world. “Well, we’re...

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