Source : Times of India
More than 100 Swedish intellectuals have joined forces to form a new prize-giving body in protest after the Swedish Academy, which selects Nobel laureates, was plunged into crisis over its longstanding ties to a man accused of assaulting several women.
The honour serves to denounce “bias, arrogance and sexism”, according to its founders The New Academy. “Sweden is one of the world’s most democratic, transparent and gender-equal countries… it needs a great literary prize,” Swedish columnist and one of the founders of the new prize, Alexandra Pascalidou, said.
The new award — of 1 million kronor (around $113,000) raised from crowdfunding and donations — will be handed out on December 10, the same day as the Nobel banquet.