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Congress targets Modi on jump in Indians’ Swiss bank deposits (Lead)

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New Delhi, June 29 (IANS) Congress President Rahul Gandhi on Friday targeted Prime Minister Narendra Modi for 50 per cent jump in Swiss bank deposits by Indians, saying he had promised to bring back all illegal money stashed abroad but his government was now virtually saying that there was no illegal money in Swiss banks.

The Congress also questioned Modi on the rupee’s falling value, which touched an all-time low to breach the Rs 69 per dollar mark on Thursday.

In a tweet, Gandhi, referring to Interim Finance Minister Piyush Goyal’s remarks earlier in the day about the latest data released by the Swiss National Bank that showed a rise in Indian deposits last year, said that the Modi government had carried out demonetization to supposedly curb black money but its stance now was totally different.

“In 2014, he said: I will bring back all the ‘BLACK’ money in Swiss Banks and put Rs 15 lakh in each Indian bank account. In 2016, he said: Demonetisation will cure India of ‘BLACK’ money. In 2018, he says: 50 per cent jump in Swiss Bank deposits by Indians, is ‘WHITE’ money. No ‘BLACK’ (money) in Swiss banks!” the Congress chief said.

Goyal, responding to a query about the data on rising Indian deposits last year in Switzerland, said 40 per cent of these were account of the Reserve Bank of India’s Liberalised Remittance Scheme brought during the UPA government under which a resident Indian can remit $250,000 per year.

He had however promised action if any wrongdoing is revealed, while noting due to various measures of the government, Indians’ Swiss bank deposits have been decreasing.

Attacking the government on the rupee’s falling value, Congress spokesperson Randeep Singh Surjwewala said: “India’s rupee weakening: $1 = Rs 69.10; Promise was $1 = Rs 40; Black money in Swiss banks increased by 50 per cent to Rs 7,000 crore.”

“The promise was to bring back Rs 80 lakh crore in 100 days from foreign banks! Good days (achhe din) turned into ‘Jumla’. Where are those days of truth,” he said in tweets.

Terming Modi’s promise of bringing back all illegal money stashed abroad as a “jumla”, another party spokesman R.P.N. Singh said that a jump in Swiss bank deposits by Indians happened only twice and that too under BJP government – in 2004 and 2018 – and the party will raise these issues in the Parliament and on the streets.

He said the same questions were raised by Modi when UPA was in power, asking if the Prime Minister will reply to the same questions now.

Noting the BJP promised that when in power, they would work towards bringing the rate of a dollar to Rs 40, he said: “Today, the entire nation is watching that the value of rupee in terms of dollar has touched almost Rs 70. For the first time in 70 years, the rupee has fallen to such a low and it has happened under the BJP government.”

Recalling Modi, as Gujarat Chief Minister, used to make fun of then Prime Minister Manmohan Singh’s age and compared it with the value of rupee in terms of dollar, he said: “Rupee is currently the worst performing currency in the world today. But, we shall not point fingers at the Prime Minister in this manner.”

Attacking the government on the condition of the public sector banks, he said their non-performing assets, or bad loans, have gone up to Rs 10 lakh crore in four years and according to an RBI report, will go up to Rs 15 lakh crore.

“Deposits in the saving accounts of banks have gone down by 7 per cent. People are losing their faith in banks,” he also said.

–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

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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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