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Punjab approves new business development policy

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Chandigarh, Oct 16 (IANS) Faced with the daunting task of reviving economic and industrial activity in the state, the Punjab Cabinet on Monday approved a new business development policy, paving the way for fixing of industrial power tariff at Rs 5 per unit and a one-time settlement of industrial loans.

Under the new ‘Industrial and Business Development Policy-2017’, the industrial power tariff is proposed to be made effective from November 1 and will be applicable for five years. It will apply for the existing and new industries.

“Besides providing for incentives for expansion, modernisation and upgradation of existing units at par with new units, the new policy envisages a one-time settlement for industries against loans taken from the Punjab State Industrial Development Corporation, the Punjab Financial Corporation and the Punjab Agro Industries Corporation Ltd,” a state government spokesman said.

The meeting was chaired by Chief Minister Amarinder Singh.

“The One Time Settlement (OTS) Policy, 2017, would help in releasing the blocked industrial investments and assets to put the same into productive use so as to revive the existing industries in Punjab,” the spokesman added.

“It will also result in reducing the burden of litigation of these corporations and generate revenues for their developmental activities.”

Power Minister Rana Gurjit Singh abstained from discussion on the one-time settlement of loans as his company would also benefit from the move, said the spokesman.

Under the new industrial policy, industrial infrastructure development will be on priority agenda under the provisions, which provide for development of border districts, extreme border zone and ‘Kandi’ areas.

He said that the new policy is aimed at promoting ease of doing business to attract investment in Punjab.

–IANS
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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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