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GDP to be closer to 7.5% in 2018-19: Debroy

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7 years ago

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New Delhi, Jan 29 (IANS) The real GDP growth in 2018-19 is likely to be closer to 7.5 per cent rather than 7 per cent, Prime Minister’s Economic Advisory Council Chairman (EAC-PM) Bibek Debroy said on Monday.

Endorsing the pick-up in growth highlighted in the Economic Survey 2017-18, he said the Survey was a reflection of government’s commitment to growth and development.

The Economic Survey for 2018-19 estimated a real GDP growth rate of 6.75 per cent for the full year in the current fiscal. For 2018-19 it projected a real GDP growth between 7 to 7.5 per cent.

“…The real GDP growth rate is likely to be closer to 7.5 per cent rather than 7 per cent,” a statement quoting Debroy said.

The EAC-PM said the Survey was optimistic in its tone because of government’s commitment to carry forward structural reforms like Goods and Services Tax, deregulation measures, bank re-capitalization and resolution through the Insolvency and Bankruptcy Code process.

“The government is committed to fiscal consolidation and prudent public expenditure. It would be in order if public expenditure is also financed through off-Budget instruments.

“It is rightly mentioned that growth drivers will have to fundamentally emerge through exports, private investments and consumption. The Survey has already noted the likely pick-up in both exports and private investments,” Debroy said.

He said while a lot of general statements were made about the impact of demonetisation on GDP growth, the Survey stressed that demonetisation was only a blip that did not last beyond mid-2017.

“One of the objectives of demonetisation and GST was an increase in the tax payer base. Correcting for trends, the Survey has figures to show that the number of tax payers has actually increased because of these policy measures, though many of these tax payers declared incomes that are close to the minimum threshold levels,” he said.

“There has also been lot of debate about job growth, despite the lack of credible data. The Survey has specific numbers to show that formal sector employment is much higher than what is commonly suggested.”

–IANS
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Foodman Vishal Singh Honored for Hunger Free World Mission in Bangkok

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2 months ago

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September 19, 2024

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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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