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Demonetisation is akin to demolishing mountain to catch a rat: Ramadoss

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PMK founder S. Ramadoss, demonetisation of Rs 500 and Rs 1,000 currency notes, Rs 4.57 lakh crore, the cash with RBI, Rs 100,000 crore

S. RAMADOSS

Chennai: PMK founder S. Ramadoss on Sunday said the BJP-led government’s demonetisation of Rs 500 and Rs 1,000 currency notes to eradicate black money is akin to demolishing a mountain to catch a rat. Citing an earlier IANS report, Ramadoss said the report quoting data from Reserve Bank of India (RBI) shows the ground level picture of the demonetisation decision.

Ramadoss said that while the central government contends demonetisation of high denomination notes would result in capture of black money, the news that emanates gives a contrary picture. He said that on the day (November 8, 2016) when the central government announced demonetisation of Rs 500 and Rs 1,000 notes, the cash with RBI and other commercial banks was around Rs 4.57 lakh crore. After that, till November 28, the total amount of demonetised currencies deposited with the banks was Rs 8.44 lakh crore.

In other words, a total of around Rs 13.50 lakh crore worth of currency was taken out of circulation, said Ramadoss. Ramadoss said that by the end of this month, another Rs 94,000 crore worth of demonetised notes are expected to be deposited with the banks, thereby leaving outside around Rs 100,000 crore worth of old notes. Compared to the size of the Indian economy, this Rs 100,000 crore is not a big amount.

While under the voluntary disclosure scheme, a sum of Rs 65,000 crore of unaccounted money was declared with ease, to recover a sum slightly higher than that (Rs 100,000 crore) is it necessary to create a vortex in the lives of poor and middle class by demonetising the two currency notes. “The government should ponder,” Ramadoss said.

He said the amount is low when compared to the economic impact the central government’s decision had on trade and manufacturing sectors. Ramadoss urged the government to put into circulation more currency notes so that the people are not put to hardship any longer.

 

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Foodman Vishal Singh Honored for Hunger Free World Mission in Bangkok

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Lucknow: Vishal Singh, a renowned social worker from Lucknow, also known as Foodman, has once again made India proud. He was honored by the Happy Hands Gloves Cooperative Limited Company in Korathai, Thailand, for his work with the Hunger Free World Mission.

The Hunger Free World Mission’s meeting was held in Korathai, Thailand, under Vishal Singh’s leadership. Representatives from several countries, including Mr. Raja Dwivedi (Managing Director of Happy Hands Gloves Limited), Thailand Coordinator Mr. Raja Mishra, and member Mr. Varun Singh, attended the event.

Under Vishal Singh’s leadership, the attendees took a pledge to work together toward creating a hunger-free world.

Speaking on the occasion, Vishal Singh explained that the main goal of the Hunger Free World Mission is social participation. He said the mission is not just about feeding people but also about meeting other basic needs of those who are struggling. The mission focuses on helping families of terminally ill patients in hospitals by providing food and shelter. It also works to fulfill essential needs like education, jobs, and care for the elderly.

For the last 16 years, the Vijay Sri Foundation has been providing free services, benefiting thousands of people. Vishal Singh highlighted that the mission aims to gain global recognition like other organizations such as WHO, WWF, and Red Cross, which work for social causes.

During this meeting, Vishal Singh was appointed as the Chairman of the Hunger Free World Mission by representatives from various countries. They also discussed holding regular meetings in different countries to push the mission forward.

Business tycoon Dr. Abhishek Verma has also supported this humanitarian mission, vowing to promote the idea of “Seva Parmo Dharma” (Service is the highest duty) worldwide. Vishal Singh praised him, stating that people like Dr .Abhishek Verma inspire others to work for the betterment of society.

Recently, Romania’s Ambassador, Mr . Daniela Sezonov Ţane, invited Vishal Singh to the Romanian Embassy in Delhi, where they discussed the mission in detail. Impressed by his humanitarian work, she honored Vishal Singh and invited him to Romania to take the mission forward .

Food man Vishal Singh has been serving the people of India for the past 16 years. Through the Vijay Sri Foundation, he provides free meals to cancer patients & their families ,shelter, and education for women & children along with running free old-age homes in Lucknow.

In addition to his humanitarian work, Vishal Singh also addresses issues like crime and corruption through his role as Chairman of Seva Path Media and Managing Director of Vijay Sri Foundation.

During the COVID-19 pandemic, Vishal Singh and his team worked tirelessly to provide food and help to the needy, including starving children, elderly citizens, and pregnant women. Despite contracting the virus himself, he continued to assist others after his recovery. He even created a life-saving oxygen regulator using household items, which was praised by doctors both in India and abroad.

In his address at the meeting, Vishal Singh spoke about his mission to create a hunger-free world. He pointed out that India’s large population, along with issues like unemployment and poverty, has caused the country to fall on the Hunger Index. He urged people to contribute just one handful of grains daily to help create a hunger-free world.

He concluded by saying that through social participation, we can empower the people around us, meet their basic needs, and work together to build a stronger, more prosperous, and developed society.

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