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Don’t play with India’s economic sovereignty: Congress to Modi
New Delhi, Nov 6 (IANS) The Congress on Tuesday accused the Narendra Modi government of playing with India’s economic sovereignty by trying to demolish the Reserve Bank of India (RBI) and seeking transfer of Rs 3.6 lakh crore or one-third of the central bank’s reserves.
The Congress said if the “unprecedented” demand by the Modi government was allowed to materialise it would tantamount to the “great Indian bank robbery”.
“Rs 36,00,00,00,00,000, that’s how much the Prime Minister (Narendra Modi) needs from the RBI to fix the mess his genius economic theories have created. Stand up to him Mr. Patel. Protect the nation,” Congress President Rahul Gandhi tweeted ridiculing Modi’s economic policies that have messed up the Indian economy, urging the RBI Governor Urjit Patel to resist the Centre’s demand at all cost.
Later addressing the media, Congress spokesperson Manish Tewari said: “The RBI has been strongly resisting the unprecedented demand by the government. But if this demand were to fructify, this would tantamount to great Indian robbery.”
Citing reports that the Modi government “may have invoked” section 7 of the RBI Act to get its wish fulfilled, Tewari said such a move was unprecedented and reflected the government’s bid to demolish the central bank’s autonomy.
“This is going to have a profound implication on the macroeconomic stability of India as it is the RBI’s autonomy which provides confidence to foreign and Indian investors with regard to the stability of the Indian economy.
“The Modi government wants to demolish that confidence and demolish the RBI in the process,” said the former Union Minister asserting that the Congress would strongly resist the government’s move to demolish the RBI autonomy.
Tewari alleged that the Modi government was seeking the money to dole out freebies ahead of the 2019 general elections.
“The Modi government is prepared to play with the economic sovereignty of India and the reasons for it are the mounting fiscal and current account deficits.
“The government revenues are not growing because the economy has shrunk because of their policies. In order to bridge the fiscal deficit, the government has started eying the RBI reserve.
“What is even more disturbing is they want to use the money to give out freebies before the 2019 Lok Sabha elections,” said Tewari accusing the Modi government of playing with India’s national interest.
He said that the RBI was extremely concerned over attempts to curb its economy and “if the push comes to shove”, then all options including legislative and judicial were open for it to safeguard the Indian economic sovereignty.
–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.