August 26, 2020 Dose 37

The Capsule

On Wednesdays we celebrate South Asian women leaders!

TOP STORIES

five-storey building collapsed in Maharashtra

Russia called for Indian partnership in producing the Sputnik V - its first COVID-19 vaccine

Key Takeaways:

  • The central bank expects a steep decline in GDP due to the pandemic
  • Government spending will continue to sustain current economic demand, while private consumption will likely lead a recovery after the COVID-19 outbreak eases
  • The prolonged spread of COVID-19, differences in the monsoon predicted average rainfall, and global financial market volatility are key downside risks to growth

Biman has suspended international flights till Sep 15

31 upazilas (sub-units of districts) to get 100% power coverage from Aug 27

Ahead of the third anniversary of their exodus from Myanmar, the government plans to lift internet restrictions on nearly a million Rohingya refugees

Bir Uttam Chitta Ranjan Dutta passes away.

The nation is experiencing some relief from the pandemic but fears a second wave might be coming

After posting a deficit of $100m in June, the central bank reported a $424mm surplus this month

Sri Lanka Cricket's global media rights have been awarded to Sony Pictures Networks India

Telecommunication Regulatory Commission has begun "preliminary measures" aimed at introducing nationwide mobile number portability

Beating expectations, remittance peaked at an all-time high of Rs 100 billion

The plight of undocumented workers - officials only provide airfare to those with valid labor permits leaving many stranded

MARKET INDEX

Sensex and Nifty moved above their important psychological levels of 39,000 and 11,500, respectively, for the first time in nearly six months

Low-interest rates driving Pakistan's stock market rebound

Digging Deeper: The central bank uses interest rates as part of monetary policies to keep inflation at bay. A low-interest rate decreases the cost of borrowing, which in turn incentivizes investment spending.

TECHNOLOGY AND STARTUPS

Apple is planning to start online sales in India

Palantir technologies, which is yet to turn a profit, plans to go public

Fitbit's newest watch, 'sense' can detect stress levels

An organisation to follow:

Remember Their Voices educates South Asian communities on why Black Lives Matter and other BIPOC movements are important and necessary. Oftentimes, members of South Asian communities ignore race issues or hop onto the "All Lives Matter" bandwagon without fully understanding that this "counter movement" is meant to silence the voices of not only African-American people, but also them. They are also creating awareness against fair complexion superiority and stigma around dark skin in the South Asian community. They are working hard to undermine these beliefs, as well as the stereotypes South Asian communities have of other BIPOC.

SPORTS CORNER

England's James Anderson became the first seam bowler to reach 600 Test wickets

Former New Zealand batsman Craig McMillan has been appointed as the batting consultant of the Bangladesh national team for their upcoming tour of Sri Lanka

PROFESSIONAL DEVELOPMENT

Women's Equality Day Special

Even though we have come a long way in ensuring women's empowerment in our region, we are yet to achieve parity in certain areas. Empowerment isn't just about independent or successful women, but a strategic imperative for our economy.

For example, increasing the female employment rates in OECD countries to match that of Sweden could boost GDP by over USD 6 trillion. According to a McKinsey study, if women and men were to share economic participation equally, annual global GDP would increase by 26%. Studies also show that companies with female leadership have improved financial performance.

Here are some ways we can do your part to empower more women in South Asia.

  1. Mentor a girl close to your home
  2. Invest in female-owned small and local businesses
  3. Help out underprivileged new moms by just being there for them or making donations
  4. Donate to clean water projects
  5. Work towards overcoming period stigma and promoting hygiene

And most importantly always inspire, uplift and repeat! Be each other's biggest fan!

KEEP IT SHARP

You see a boat filled with people. It has not sunk but when you look again, you do not see a single person on the boat. Why?

HERE'S SOMETHING INTERESTING

In an effort to make education more accessible in Bangladesh, It's Humanity Foundation has worked to establish the Chakar School - or in English, "School on Wheels". It is an initiative that redefines what it means to be in a classroom.

Instead of relying on the school as a physical space, Chakar School envisions it as a fluid, moving space that travels to its students. Focusing mainly on providing this opportunity to children working in urban areas, the school operates on renovated buses. It has also taken advantage of digital technologies such as tablets and screens in order to provide interactive education solutions for children. While the pandemic has seen many schools close down, Chakar school has come as a relief for the underprivileged.

OF ART AND ARTISTS

Rupi Kaur aka Queen of 'Instapoets' is an Indian-Canadian poet. Her visual poetry will warm your heart and leave a smile on your face. It not only depicts love, loss but also the struggles of immigrant parents and children as well as women's trauma. An interesting fact about her poetry is that although they're written in English, they are all in lowercase and period is the only punctuation used in an effort to preserve some essence of the Gurmukhi script. Lowercase also maintains equality among words - something she would like to see out there in real world as well.

ANSWER

In the context of forced marriage

"We cannot all succeed when half of us are held back."

-Malala Yousafzai

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