National
Modi government has mastered art of economic disasters: Congress
New Delhi, Nov 15 (IANS) The Congress on Wednesday accused the Modi government of mastering the art of indulging in economic disasters owing to its faulty policies, leading to a fall in exports and expanding trade deficit, apart from rising prices.
“A disaster called the Modi government has struck the Indian economy for the last three and a half years. Be it demonetisation or a flawed Goods and Services Tax regime, the Modi government has struck one blow after another and hit India’s economy,” Congress Spokesperson R.P.N. Singh said.
“The most glaring aspect of ‘Modinomics’ is that it has diminished India’s strong trade fundamentals and left its image battered due to its faulty policies, which have led to miserably plunging exports and expanding trade deficit,” he added.
The Congress leader said: “If this was not enough, a fresh crisis is brewing as price rise raises its ugly head.”
He said India’s trade deficit was close to a three-year high. “Trade deficit, the gap between imports and exports, stood 25 per cent higher compared with last year at $14 billion, according to Commerce Ministry data.”
“The trade gap stood at $8.9 billion in September. This trade deficit is the widest since November 2014. The value of exports in October fell 1.1 per cent over last year to $23.1 billion. Due to the government’s ad-hoc and amateurish policies, exports have been on a downtrend since 2014,” he added.
Singh said due to the flawed GST, exports in labour-intensive sectors have been hit hard. “Twelve of the 30 major export groups registered a decline in October.”
Reeling out statistics, the Congress leader said the fall in exports included 39.2 per cent in readymade garments, 24.5 per cent in gems and jewellery, 9.8 per cent in leather and its products, 6.9 per cent in electronic goods and 27.53 per cent in fruits and vegetables.
“Wholesale inflation accelerated to 3.59 per cent in October, a six-month high, on the back of increasing prices. This was mostly driven by food and fuel prices,” said Singh.
“The food articles segment saw inflation at 4.3 per cent in October, climbing from 2.04 per cent the previous month. Price of electricity and fuel have risen at the highest point in three months,” he added.
Singh pointed out that cooking gas prices have increased by 26.53 per cent, diesel prices by 15.43 per cent and petrol by 12.87 per cent.
–IANS
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National
Foodman Vishal Singh Honored for Hunger Free World Mission in Bangkok
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.