World
US dollar rallies after Fed chair nominee’s comments
New York, Nov 29 (IANS) The US dollar rose against most other major currencies after US Federal Reserve chair nominee Jerome Powell said he expected the central bank to continue monetary tightening and to ease regulatory burdens on financial system.
“If confirmed, I would strive, along with my colleagues, to support the economy’s continued progress toward full recovery,” said Powell in remarks to be delivered at his Senate confirmation hearing on Tuesday, Xinhua reported.
“We expect interest rates to rise somewhat further and the size of our balance sheet to gradually shrink,” he added.
The dollar index, which measures the greenback against six major peers, increased 0.45 per cent at 93.318 in late trading.
In late New York trading, the euro fell to $1.1839 from $1.1899 in the previous session, and the British pound rose to $1.3376 from $1.3317 in the previous session. The Australian dollar lost to $0.7597 from $0.7607.
The US dollar bought 111.55 Japanese yen, higher than 111.02 yen of the previous session.
The US dollar climbed to 0.9844 Swiss franc from 0.9813 Swiss franc, and it moved up to 1.2816 Canadian dollars from 1.2763 Canadian dollars.
Powell, who is currently a member of the Fed’s Board of Governors, was nominated by President Donald Trump to replace chair Janet Yellen, whose term as chair expires in February 2018. He is expected to face smooth confirmation at the Senate.
On the economic front, the international trade deficit came in at $68.3 billion in October, up $4.2 billion from $64.1 billion in September, the US Commerce Department said on Tuesday.
Meanwhile, the S&P CoreLogic Case-Shiller US National Home Price NSA Index reported on Tuesday a 6.2 per cent annual gain in September, up from 5.9 per cent in the previous month.
–IANS
pgh/
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.