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Jaitley bats for cashless economy to check crime, graft

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7 years ago

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Bengaluru, Aug 26 (IANS) As crime, corruption and graft thrive on the use of cash, Union Finance Minister Arun Jaitley on Saturday hoped the country would move from using less cash to eventually a cashless economy to benefit from digital transactions.

“As India is a cash using society with economic and social costs involved in excessive use of cash, its anonymity allows owners to risk while the state suffers due to tax non-compliance,” said Jaitley after unveiling 100 digital villages, 100 branches and 100 ATMs of state-run Vijaya Bank here.

Asserting that crime, corruption and terrorism flourish on cash, the Finance Minister said larger amounts of cash flowing into the economy had their own consequences.

“Technology is rapidly changing the banking sector, which soon will become a part of smartphones. Transforming into a developed economy would mean embracing cashless economy,” said Jaitley.

Recalling the impact of the November 8 demonetisation of higher currency, the Minister said banning Rs 1,000 and old Rs 500 notes had eliminated the anonymity of cash ownership and was taking the economy toward more digitisation.

“Demonetisation also helped to widen the tax base with more people coming into the formal economy from the informal sector,” reiterated Jaitley.

The Minister also hoped the Goods and Services Tax (GST) would expand the indirect tax base and eliminate cash dealings due to lack of benefit from input credit.

“The new tax regime will expand the base of indirect tax, as the possibility of cash dealings gets eliminated due to lack of benefit from input credit,” Jaitley pointed out.

The Minister also told the gathering that the central government and the Reserve Bank of India (RBI) had taken steps to adopt digital payments, and incentives were being given to the people for shifting to the digital mode.

“We have also reduced the cost of digital transactions to encourage people to use less cash and make payments digitally,” added Jaitley.

–IANS
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Foodman Vishal Singh Honored for Hunger Free World Mission in Bangkok

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2 months ago

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September 19, 2024

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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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