National
Inflation showing a declining trend: Economic Survey
New Delhi: India’s inflation has shown a declining trend during April-December 2014-15, said the Economic Survey which was tabled in the parliament by Finance Minister Arun Jaitley Friday.
According to the annual report card on the state of the country’s economy, the average WPI (wholesale price index) based inflation declined to 3.4 percent during April-December, 2014-15 from an average of 6 percent during the previous year
The survey said that the decline in inflation was caused by lower food and fuel prices.
The retail inflation measured by the consumer price index (CPI) also declined to an all time low of 5 percent in the third quarter of 2014-15 after having remained stubbornly sticky at around 9-10 percent for the last two years.
The survey elaborated that the main factors causing moderation in inflation include both global factors as well as domestic measures.
“Global factors, namely persistent decline in crude prices and softness in the global prices of tradables, particularly edible oils and even coal, helped moderate headline inflation,” the survey sid.
Tight monitary policy, said the survey helped contain demand pressures, creating a buffer against any external shock and keeping volatility of the rupee under check.
“The swift decisive steps taken by the government also helped control the stubbornly persistent inflation-particularly food inflation,” the survey said.
The survey which was tabled a day ahead of the union budget said that substantial decline in inflation was observed in commodities where the government had taken effective measures.
The government took a series of measures to improve availability of food-grains and de-clog the distribution channel.
It allocated additional 5 million tonnes of rice to below and above poverty line (BPL and APL) families in the states, pending implementation of the national food security act (NFSA).
Allocation of 10 million tonnes of wheat was also made under open market sales for domestic market in 2014-15
There was also a moderate increases in the minimum support price (MSPs) during the last and current season.
The central government also send advisory to the states to allow free movement of fruits and vegetables by delisting them from the agricultural produce marketing committee (APMC) Act.
The survey pointed that by bringing onions and potatoes under the purview of the essential commodities act 1955 allowed the state governments to impose stock limits to deal with cartelisation and hoarding.
Imposing a minimum export price (MEP) of $450 per metric tonne (MT) for potatoes with effect from June 26, 2014 and $300 per MT for onions from August 21, 2014 also helped in subsiding food inflation, the survey added.
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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