National
Economic Survey gives no proof to support growth claims: Chidambaram
New Delhi, Jan 29 (IANS) Picking holes in the growth projections made by the Economic Survey, senior Congress leader and former Union Finance Minister P. Chidambaram said the Survey offered “little evidence” in support of its claims and added that the fiscal is likely to end with a growth rate of “between 6 and 6.5 per cent”.
Calling the Survey as a “refreshingly candid document that has brought to surface internal contradictions within the government”, Chidambaram pointed out that as per the document, the future course of economy is conditional on many “ifs”.
“Although the Economic Survey claims that the growth rate for 2017-18 will be 6.75 per cent (implying a second half growth rate of 7.5 per cent), it offers little evidence in support of this claim. The growth rate in the first half was 6 per cent, and the year is likely to end with a growth rate of between 6 and 6.5 per cent,” Chidambaram said in a statement.
“The future course of the economy is conditional on many ifs. After listing the unfinished work, the Survey seems to prepare the grounds for failure by praying that (a) the world economy maintains its growth momentum and (b) oil prices do not persist at current levels. The outlook is therefore uncertain, if not bleak,” the former Finance Minister said.
He said that going by the ‘Introduction’ and paragraphs 1.31 to 1.33, it emerges that after nearly four years in office, the NDA government has “admitted that it has failed to address the challenges in education, employment, and agriculture, and hopes to do so in the last year of its 5-year term”.
He said the Survey “admits” that some of the Narendra Modi government’s major programmes (such as toilets, Jan Dhan accounts, LPG connections and village electrification) have “not resulted in tangible outcomes”.
“The Survey admits to the two underlying macroeconomic vulnerabilities – fiscal deficit and current account deficit and hints at slower consolidation. This admission belies the government’s claim of ‘sound macroeconomic fundamentals’,” Chidambaram said.
He said the government “has thrown in the towel” and hopes that the private sector will come to the rescue of the economy.
“Altogether, it is a depressing report of the fiscal year that will come to an end in two months,” he said.
–IANS
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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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