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Moody’s ratings proof of growing capitalism in India: Yechury
Kolkata, Nov 17 (IANS) Criticising India’s sovereign rating upgrade by the global agency Moody’s Investors Service, CPI-M General Secretary Sitaram Yechury on Friday said the improved ratings signify the beneficial atmosphere for the international capitalist groups under the Narendra Modi regime.
He said the nation has seen deterioration in all aspects related to human welfare and human rights.
“Today Prime Minister Narendra Modi’s government held a massive press conference to announce that the imperial forces around the world are lauding his government because as per Moody’s ratings India has gone ahead.
“However, the agency gives higher ratings to the country that provides better environment for the international capitalist groups to make more profit,” Yechury said in a public meeting on the occasion of 100 years of Russian Revolution here.
“This means the colonial rulers across the world are saying that they have had a greater scope to make higher profit in India after Modi’s ascendancy to power,” he said.
US credit rating agency Moody’s on Friday upgraded India’s sovereign rating to Baa2 from its lowest investment grade of Baa3 after 13 years.
Claiming that the country has steadily headed towards privatisation in all sectors in the last three years to give benefit to the foreign capitalist groups, Yechury said India is struggling with its ratings in issues like women rights and gender equality.
“The other global index shows the country has gone downwards. India’s position has gone up in the hunger index and child malnutrition index while in issues like gender equality, and women rights India’s rank is lower than countries like Bangladesh.
“The only index where India’s rank has gone up in the Modi regime, is in giving benefits to the foreign investors,” the veteran Left leader said.
“There is not one sector that has not moved towards privatisation in the last three years. Starting from railways to public transport to bank loans, everything has gone towards privatisation to aid foreign capital,” he said.
He also alleged that the present government is making policies to complement the growing colonialism in the country instead of trying to counter it and trying to weaken the fundamental point of revolution against capitalism.
“The Russian Revolution have taught us that unless a revolution is aimed against the colonialism and capitalism of a nation, it can never be successful. The rulers of this country are weakening that fundamental point of revolution here,” he said.
Referring to the Paris commune, Yechury said the nation has to unite all its working classes to revolt against the capitalist powers that are at work if it wishes to take its revolution forward.
–IANS
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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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