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Terror funding through counterfeit notes has fallen: Jaitley

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New Delhi, Nov 8 (IANS) A year after demonetisation, Finance Minister Arun Jaitley on Wednesday said terror funding through counterfeit currency had come down drastically in Jammu and Kashmir and Chhattisgarh.

“It is very clear that terror financing has dropped drastically. We have learnt from security agencies in Jammu and Kashmir and Chhattisgarh that cash flow has come down. The number of incidents of stone throwing has dropped in Jammu and Kashmir,” he told DD News.

Jaitley also said cash acted as a lubricant in terror funding.

The Indian government banned Rs 500 and Rs 1,000 notes on this day a year back.

“It was an effort to change the prevalent (economic) situation. India wants to migrate from middle income economy to a developed one. But in our system most big investments are done through black money. Even in businesses people maintain two types of (accounts) books. People are always trying to evade taxes.”

The minister said when an honest citizen pays tax, he also pays for the one who evades tax.

“That is the reason you have to change the situation. It is not possible to change it if there is more cash in the system. If we want more development, we have to have less cash in the system.”

Jaitley dwelt on the importance of digital transactions.

Admitting that one demonetisation drive will not do away with all the bad economic practices, Jaitley said: “It is one year of demonetisation and one address by the Prime Minister will not stop it. But in the last one year, taxpayers’ number has gone up. Terror funding has been squeezed.”

He said demonetisation had made it clear that bigger amounts of black money accumulation in cash was no longer possible.

“We have learnt from authorities in Switzerland that Indians have deposited less cash.”

Talking about decreasing cash-to-GDP ratio, Jaitley said the Reserve Bank of India was trying to bring it down further. Cash-to-GDP ratio has come down from 12.5 per cent to 9 per cent.

“When you have alternative, why will you depend on cash?”

Regarding the Goods and Services Tax (GST), he said: “It is the fourth month of GST and the number of assesses has increased by 40 per cent.”

–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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