Connect with us

Top News

10% per cent quota law unwanted, will achieve close to nothing: Kaushik Basu

Published

on

Kolkata, Jan 14 (IANS) The new law providing 10 per cent reservation to economically weaker general category people in education and government jobs was “unwanted” and it could achieve “close to nothing” former Chief Economic Adviser to the Union finance ministry, Kaushik Basu, said here on Monday.

“It was an unwanted legislation and it is a disappointing move. It will achieve close to nothing and will create a cumbersome procedure. The way the law is brought in is that 10 per cent of jobs is reserved virtually for everyone (every household),” he said at the launch of his book ‘The Republic of Beliefs’, here at a programme organised by Indian Chamber of Commerce.

President Ram Nath Kovind has approved a constitutional amendment that provides 10 per cent reservation to economically weaker general category people in education and government jobs.

The Constitution (One Hundred and Third Amendment) Act, 2019 was passed by Parliament on the last day of the winter session last week with daylong discussions and voting in both Houses.

The 10 per cent quota is in addition to the 22.5 per cent reservation for Scheduled Castes and Scheduled Tribes and 27 per cent reservation for castes identified as the Other Backward Classes (OBC). The fresh provision does not tinker with the existing 49.5 per cent of this quota.

Basu, former World Bank Chief Economist, explained that the way the legislation came into force was that the 10 per cent jobs are being reserved for households with less than Rs 8 lakh income per annum.

“By most calculations, somewhere between 96-99 per cent of Indian households fall into that category,” he said.

However, Basu said introduction of the Insolvency and Bankruptcy Code was a good move.

“IBC is a very good news and a much-needed law,” he said.

Citing his experience in World Bank, he said in terms of ease of doing business, one indicator on which India did not do well was related to “closing of business”.

One tends to hesitate to start business if one thinks that exit from it could be difficult if anything goes wrong, he explained.

Basu said Goods and Services Tax (GST) was badly needed and as an idea, it was “important” but “poorly implemented”.

Small businesses were badly hit by GST, he said.

— IANS
bdc/ssp/prs

Continue Reading

Top News

Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma

Published

on

By

World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.

Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.

During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.

On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”

Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.

It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.

Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.

Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”

On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”

The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.

Continue Reading

Trending