National
Indian banks’ credibility at all-time low, says Congress
Bengaluru, March 30 (IANS) With several fraud cases worth thousands of crores of rupees surfacing in Indian banks, the banking sector gone into a “deep crisis” with credibility at all time low due to failure of regulatory oversight, Congress said on Friday.
“Unimaginable sums of thousands of crores have been looted by select few by faking letters of undertaking (LoUs), not paying loans and fraudulent means under a complicit banking system,” party spokesman Randeep Singh Surjewala told media persons here.
About Rs 61,000 crores was swindled through the 11 banking fraud cases that were uncovered over the past few months, he said.
“India’s banking sector is in deep crisis due to the undermining of integrity of regulatory institutions and the failure of regulatory oversight.”
Accusing Prime Minister Narendra Modi of being on an indefinite vow of silence, Surjewala said under his “direct watch”, the duping, loot, cheating and swindling of banks were taking place.
“‘A scam a day’ and ‘Let the looters run away’ were the slogans of the Modi government.
“People’s money was allowed to be brazenly looted by the likes of (liquor baron) Vijay Mallya, (former Indian Premier League Chairman) Lalit Modi and (Punjab National Bank fraud accused diamantaire) Nirav Modi, who were all allowed to flee the country,” the Congress leader said.
As a result of the scams, the gross non-performing assets (NPAs) of the banking sector in the country have tripled, he alleged, adding that there isn’t any bank in the country that is unaffected by the scams.
Attacking the Modi government, he said it has been in deep slumber and has also refused to acknowledge publicly the “looting and duping” of common man’s money by Nirav Modi and his uncle Mehul Choksi through Ponzi gold schemes.
Even as the frauds were piling up, the PM and Finance Minister Arun Jaitley were maintaining their deafening silence, Surjewala added.
–IANS
bha/vd
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.