National
PNB fraud a systemic failure: Venkaiah Naidu
New Delhi, Feb 26 (IANS) In wake of an alleged Rs 11,300 crore fraud on state-run Punjab National Bank (PNB), Vice President M. Venkaiah Naidu on Monday said there was no use of blame game as the banking system in the country was going through a systemic falure.
“There have to be some regulations and those regulations must work effectively. If there is a systemic failure, we have seen what will happen like in the banks. Systems have to be rectified. There is no meaning and no use of blame game,” Naidu said after giving away the Prime Minister’s Shram Awards to over 300 workers here.
“The solution can be found only by understanding the reason behind the systemic failure and trying to correct it… Politics would go on,” he said.
The Vice President said that India was the economic hope of the world and that the picture was both “fascinating and complex as our economy is fast expanding”.
He also called for improving the education level of labour force and improving their access to quality training.
“A small difference in annual productivity growth can add up to a bid difference in standards of living of a generation. It was pointed out that a productivity growth of 2 per cent per year can double the living standards in about 35 years,” he said.
“But if productivity growth is slower, say at 1 per cent every year, it means doubling of average standards of life only every 70 years.
“So, it is essential that all necessary initiatives and interventions are undertaken to improve the productivity of our workforce by ensuring an enabling environment both at workplace and home,” Naidu added.
The Vice President also called for evolving a political consensus on reforms in labour laws.
“We can not live with rules which come in the way of creating more job opportunities. Rules that make running of an enterprise difficult need to be relooked at.
“There is widespread acknowledgement that present labour laws are coming in the way of increased investment flows. If that is the case, should they not be examined to find solutions?” he asked.
Naidu asked the government and private sector to address the concerns, needs and aspirations of the work force by ensuring an appropriate ecosystem.
“At the same time, we need to create enough opportunities for those aspiring to join the ranks of workforce,” he said.
–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.