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Demonetisation anniversary: Congress tears into Modi (Second Lead)
New Delhi, Nov 8 (IANS) Ridiculing Prime Minister Narendra Modi’s “knowledge of economics”, the Congress on Thursday ripped into him for the “reckless” decision of demonetisation that it said wrecked the economy and consumed many lives.
On the second anniversary of the Modi’s 2016 decision to ban Rs 1,000 and Rs 500 notes, the Congress launched a campaign “Destruction by Demonetisation” highlighting the havoc caused by the move and how it was a complete failure.
The party will also hold a nationwide protest on Friday.
A host of party leaders including former Prime Minister Manmohan Singh came out in stringent criticism of demonetisation.
Calling it an “ill-fated” and “ill-thought” exercise, Singh said the scars and wounds of the decision were only getting more visible with time and its deeper ramifications were still unravelling.
He asked the government not to indulge in any further unorthodox, short-term economic measures that could cause more uncertainty in the economy and financial markets.
Singh said November 8 was a day to remember how economic misadventures can roil the nation for a long time and asked the government to restore certainty and visibility in economic policies.
“Today marks the second anniversary of the ill-fated and ill-thought demonetisation… The havoc that it unleashed on the Indian economy and society is now evident to everyone.
“It is often said that time is a great healer. But unfortunately, in the case of demonetisation, the scars and wounds of demonetisation are only getting more visible with time,” he said in a statement.
Singh said that beyond the steep drop in headline GDP growth numbers after demonetisation, the deeper ramifications of note ban were still unravelling.
“Small and medium businesses that are the cornerstone of India’s economy are yet to recover from the demonetisation shock,” he added.
“Notebandi (note ban) impacted every single person, regardless of age, gender, religion, occupation or creed.”
Addressing the media, former union minister and Congress leader Anand Sharma held Modi solely responsible for the note ban and called it a money laundering scheme that helped the BJP and its industrialist cronies.
“It was an arbitrary and reckless decision that led to economic disaster and misery, deaths of large number of citizens, loss of millions of jobs and wiping out of small traders and businesses,” said Sharma.
“The PM will never oblige with answer either to the media or Parliament. He is less than literate in economics and less knowledgeable in history. So he makes his own history and his own economics. He thinks he is wiser then (John Maynard) Keynes when it comes to economics because no PM in the world would do what he has done,” he said.
Sharma also said that Modi’s claims that the Indian economy was running on black money tarnished the country’s image globally.
The Congress leader also ridiculed Finance Minister Arun Jaitley who on the day sought to justify demonetisation saying it was aimed at “formalising the economy”.
“The Finance Minister should stay away from defending the decision as he was never consulted before when it was taken. His defences are an insult to the people of the nation who suffered countless miseries.
Never before a finance minister has been reduced to an apologist of an arrogant Prime Minister,” said Sharma dismissing Jaitley’s arguments in support of demonetisation.
–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.
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