WEDNESDAY, JULY 7, 2021 DAILY EXCELSIOR, JAMMU daily Dr Ashwani Mahajan nities, declining income and burden of disease. In such a situation, due to the efforts of the Govern- Excelsior ecently, former Governor, Reserve Bank of ment of India to create jobs in the rural areas, free Established 1965 India, Duvvuri Subbarao has expressed his Increasing inequalities ration to 80 crore people during the first wave and deep concern towards the growing inequal- Founder Editor S.D. Rohmetra R repetition of the same during the second wave, the ities in the country. Though, economic recovery of the world, which is becoming a cause of con- ties in India and the world. impact of Corona on poverty could be abridged to was experienced after the first wave of the corona cern all over the globe. Significantly, in the last one In the past, due to the hard work of the people some extent in our country, but this cannot be an pandemic, however, its benefits are very uneven- year of Corona, the number of billionaires world- of all developing countries, new technology and alternative to creation of employment opportuni- Works first, tenders ly distributed. The rich are getting more benefit in wide increased by 493. Significantly, according to social welfare policies of the governments, the ties through normal economic activities. this recovery, due to which the gap between the the definition of Forbes magazine, a billionaire is Human Development Index had continuously been What is the solution? improving. Per capita income, education facilities rich and the poor is widening. It is not only moral- a person whose assets are more than one billion US To deal with this severe poverty, unemploy- and health facilities, all had been witnessing later; new rule in SMC ly correct wrong, but 'politically corrosive' too. dollars. This is the biggest jump ever in the num- ment, inequalities, health crisis etc., arising out of unprecedented progress. But in the Corona era, that About surprise surge in stock markets, he says ber of billionaires in the world. If the assets of all Corona, some special efforts will have to be made. process has come to a halt. According to a recent he extent to which imagination could go in that on the one hand the economy is facing severe 2755 billionaires are considered, then they are In the coming times, we cannot continue our turmoil due to the pandemic, on the other hand due report by the United Nations Development Pro- 13100 billion dollars in 2021, which was only 8000 dependence on imports, and huge trade and pay- making a fun of established rules , proce- to inflow of investments by foreign institutional gram (UNDP), for the first time since the 1990s billion dollars in 2020 (with 2092 billionaires), that ment deficit; and financing the same by foreign dures and probity could be actually seen investors in the greed of earning more profit, the when the concept of the Human Development T is, an increase of 5000 billion US dollars ( 5 tril- exchange coming from FDI and FPI, as we did in having brazenly taken place in Srinagar Municipal stock markets are skyrocketing. Therefore, it can lion US dollars) in a single year (of pandemic). Index was first conceived, most countries are be understood that today the growing stock mar- expected to see a decline in the Human Develop- the past. The first condition for poverty alleviation Corporation in that only after as many as 50 dif- Another important fact which is attracting is employment generation and the condition for kets have no linkage with the economy. It's attention is that due to the increasing demand and ment Index in 2020. Global per capita income is expected to decline by 4 percent; and as the World employment generation is production by labour ferent works were "fully executed" than tenders believed that the boom in the stock markets is pure- high prices for medicines and vaccines during pan- Bank has said, an additional 40 to 60 million peo- intensive technology. If along with GDP growth, ly the result of speculation. demic, many people have now joined the 'billion- were floated to do the rituals of formality and Subbarao has expressed concern that due to the ple will be pushed into extreme poverty. African employment is also increased proportionately, the aires club' and already rich companies have make payments. Again, this having been done in second wave of Corona, employment opportuni- countries and Asian countries will be the worst income of the masses will increase and inequali- become even more richer. A coalition of organiza- 2019 , till date neither the Mayor on whose direc- ties have started diminishing again, but the process affected. The International Labour Organization ties will automatically start coming down. It has to of increasing the wealth of the rich people contin- tions called the 'People's Vaccine Alliance' says (ILO) says that more than half of working people be understood that the welfare of the common man tions these irregularities were committed has ued unabated. He has warned that the prospects of that nine new billionaires have emerged purely due could lose jobs and the global economy is expect- can be ensured through economic development been formally booked by the Anti Corruption economic growth can be adversely affected in view to that reason, during the pandemic; and their net ed to lose $1 trillion. The World Food Program says along with employment generation, decentralised worth is estimated have increased by $ 19.3 bil- production system, upliftment of rural economy, Bureau nor any Regular Departmental Action of the disruption in the incomes of the poor. Sig- that if no steps are taken, 26.5 million additional nificantly, according to Forbes magazine, the lion. During this period, the net worth of all phar- people may become victims of hunger. The organ- based on the principles of Swadeshi and self- (RDA) having been taken against against wealth of India's 100 richest people has increased ma companies has increased by $32.2 billion. That ization believes that 40 million people can slip into reliance, that is, Atmanirbhar Baharat. This is the Executive Engineer , Srinagar Municipal by 14 percent from last year (2020) to $ 517.5 bil- is, it can be said that while the common people are poverty in India alone because most of the people only effective way to deal with growing inequali- lion in 2021. losing jobs during the Corona period, absolute in India are employed in the unorganized sector. ties and making lives of people better by lifting Corporation who was instrumental in actually It has to be understood that these inequalities poverty has been increasing, the increasing wealth It's understood that the incidence of poverty is their living standards. executing the sham plan of "floating " tenders. are increasing not only in India but also in the rest of the rich is naturally going to worsen inequali- increasing due to depleted employment opportu- (The author is Professor, PGDAV College, University of Delhi) The Executive Engineer is instead posted in a Satish Singh Manhas although through a process, political, more important department like J&K Housing economic, and developmental. But the he recent all party meet called by All Party Meet Board as Executive Engineer. Why such a blatant bugle has sounded now! the Prime Minister at Delhi seems Modi will definitely decrease the Dili disregard of set and established rules and proce- to accelerate the political process, T Ki Dooriwith Dil Ki Doori. This has been albeit no elections in the UT for the time A consonance under compulsion dures could take place and what was the motive said by Mehbooba Mufti when she was being. It was the first such historical is never any hard to comprehend. To create room controversial issues. They are also in race Atal Bihari Vajpayee for helping Mufti who all talked in almost a similar tone to the coalition chief minister that, "Agar meeting of any UT or state where all par- Koi Kashmir Ka Smadhan Nikal Sakhta for favouritism, corrupt practices and generating- ties were invited for an open discussion to showcase their sincerity to Delhi dur- Sayeed to raise PDP. This is called real get the thing done through constitution- bar and are in the mad race to cash first, politics, and visionary politics. Rise of al and peaceful means. Hats off to all! But Hai To Vo Modi Ji hein". Dil ki doori is corruption , rules are broken and they have been to decide the future of the state/UT. Sab almost gone now after this meeting, ka sath, sab ka vikas and sab ka vishwas come first, and get first. They don't want Saajjad lones popularity is also another Altaf Bhukari meeting second time in broken in SMC with impunity . Public funds can- to miss the offer. They have fully real- factor and compelled the NC and PDP to two days with Amit Shah may have giv- because in politics there no permanent proved to be the hallmark of this begin- friends and permanent enemies. Next not be allowed to be treated as some one's fief. ning as at least all parties participated. ized that, nothing is going to happen toe the PM's line, although now they are en sleepless nights to the likes of Omar, without the backing of Delhi. Mehbooba flickering in their statements as they are Mehbooba etc. Chankya of BJP in action will be a fast paced delimitation, holding If Anti CorruptionBureau (ACB) has any rele- The PM showing his vision and lion's election and forming popular Govern- heart once again gave an open invite as Mufti saying, will fight constitutionally usually habitual of "one statement in Del- mode! Worth watching! vance and purpose to function andit is often is a big gesture although under compul- hi, another in Jammu and the final in Sri- Now coming to Jammu, many peo- ment and if that popular government well as challenge to discuss any issue of comes up to the expectations of Delhi, boasted about its autonomy in functioning , then your choice to all regional as well as sion may be she, as all sides seem closed nagar".