Eye on Dalits, PM Modi launches Bhim pay app

December 31, 2016

New Delhi, Dec 31: With his gaze fixed on UP and the larger Dalit constituency, PM Narendra Modi launched on Friday an app whose acronym Bhim (Bharat Interface for Money) beamed a political message to the socially disadvantaged.

pmThe app, which seeks to ensure easy, fast and secure digital transactions, saw Modi invoking Dalit icon B R Ambedkar several times at an event here as he argued digitalisation would empower the poor -rather than disadvantage them, as maintained by some demonetisation critics.

The acronym is reminiscent of pro-Dalit outfit BSP's "Jai Bhim" slogan and carries an association with Dalit movements. Apart from challenging BSP in the UP polls, the move seeks to counter the flak BJP received over violence against Dalits in some of the states it rules and also the Rohith Vemula suicide. The mantra of Dr Ambedkar was to work for uplift of the poor. And the biggest power of technology is that it can empower the poor," Modi said as he extolled the app's feature that allows a thumb print to activate it. Earlier, use of a thumb impression for legal purposes was a sign of illiteracy (angutha chhaap) but technology and the new app could turn this into an instrument of personal empowerment, the PM said. "Your thumb is your bank now. It has become your identity now."

The political application of Bhim was all too evident as the launch of the app comes just before the crucial assembly elections in UP where BJP is struggling to detach the Dalits from BSP chief Mayawati. The social enlargement Modi had in mind seemed to be an attempt to expand the constituency beyond the party's more traditional catchment of upper castes to the less well-off OBCs and SCs.

Addressing the gathering of party workers and officials, Modi recalled Ambedkar as an economist and even went on to utter "Bahujan Hitay Bahujan Sukhay".

"The RBI was born on principles he (Ambedkar) wrote in his thesis. How the federal structure should run economically. The Finance Commission that was formed for this purpose was a result of his principles. If there is one person whose contribution stands out in India's economic framework, it is Babasaheb Ambedkar's," Modi said.

"No matter how far a country has gone, even for them, they have to go to Google, ask Google Guru what is Bhim. At first, they will see Bhim from Mahabharat. If they dig deeper, they will find Bharat Ratna Bhimrao Ambedkar. This was the goal of his life, to empower the poor. And this is what the app will do. This is the poor's treasure. This will empower the poor, farmers, tribal people," the PM said.

Arguing that Bhim app will bring Ambedkar centrestage, Modi said, "Be it a smartphone or feature phone of Rs 1,000-1,200, Bhim app can be used. There is no need to have internet connectivity .One only needs a thumb" Modi's dedication of the app to Ambedkar is a part of his strategy over the past year to seek to position BJP as being truly mindful of his legacy . He has repeatedly attacked Congress for ignoring and even downplaying Ambedkar in comparison with Nehru-Gandhi leaders.

BJP and Sangh Parivar have tried to appropriate a piece of the Dalit icon's legacy as the Modi government accelerated construction of an Ambedkar memorial in Delhi.

BJP government in Maharashtra decided to buy the London flat where Ambedkar stayed and the Sangh Parivar celebrated the birth centenary of the framer of the Constitution on a big scale through the year.

But BJP suffered setbacks because of Hyderabad Central University student Rohith Vemula's suicide and the atrocity committed by gau rakshaks on Dalits at Una in Gujarat. But the incidents have not fazed BJP and Sangh Parivar as only on Thursday, the government relaxed guidelines to facilitate the constriction of Ambedkar memorial in Mumbai. The government also plans to announce the mega draw of Rs 1 crore under "Lucky Grahak Yojana" and "DigiDhan Vyapar Yojana" on April 14, the birth anniversary of Ambedkar.

Comments

Skazi
 - 
Sunday, 1 Jan 2017

In India Feku is acting like BHIM and Arjuna ....But, but Google and You tube have placed Modi in the list of top 10 CRIMINALS of the world ....

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 19,2020

New Delhi, Jun 19: Petrol price on Friday was hiked by 56 paise per litre and diesel by 63 paise a litre, taking the cumulative increase in rates to Rs 7.11 and Rs 7.67 per litre respectively in less than two weeks.

Petrol price in Delhi was hiked to Rs 78.37 per litre from Rs 77.81, while diesel rates were increased to Rs 77.06 a litre from Rs 76.43, according to a price notification of state oil marketing companies.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

This is the 13th daily increase in rates in a row since oil companies on June 7 restarted revising prices in line with costs, after ending an 82-day hiatus in rate revision.

In 13 hikes, petrol price has gone up by Rs 7.11 per litre and diesel by Rs 7.67 a litre.

The freeze in rates was imposed in mid-March soon after the government hiked excise duty on petrol and diesel to shore up additional finances.

Oil PSUs Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) instead of passing on the excise duty hikes to customers adjusted them against the fall in the retail rates that was warranted because of fall in international oil prices to two decade low.

International oil prices have since rebounded and oil firms are now adjusting retail rates in line with them.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
May 13,2020

New Delhi, May 13: Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 lakh crore collateral-free automatic loan for businesses, including MSMEs.

This will benefit 45 lakh small businesses, she said detailing parts of the Rs 20 lakh crore economic stimulus package.

The loan will have 4-year tenure and will have a 12-month moratorium, she said.

Also, Rs 20,000 crore subordinated debt will be provided for stressed MSMEs, she said adding this would benefit 2 lakh such businesses.

The Finance Minister said a fund of funds for MSME is being created, which will infuse Rs 50,000 crore equity in MSMEs with growth potentials.

Also, MSME definition has been changed to allow units with investment up to Rs 1 crore to be called micro-units in place of Rs 25 lakh now.

Also units with turnover up to Rs 5 crore to be called micro-units, she said, adding a turnover based criteria is being introduced to define small businesses.

The investment and turnover limits for small and medium businesses have likewise been raised to allow them to retain fiscal and other benefits, she said.

Global tenders will be banned for government procurement up to Rs 200 crore, she said, adding this would help MSMEs to compete and supply in government tenders.

Comments

JM
 - 
Thursday, 14 May 2020

Fully automatic loan..... not reachable to poor needy......

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
March 8,2020

Mumbai, Mar 8: A day after the Enforcement Directorate registered a money laundering case against Yes Bank founder Rana Kapoor and raided his premises, he was taken to the agency's office in Mumbai on Saturday for further questioning.

Kapoor, who was grilled by central agency's officials on Friday night at his Samudra Mahal residence in Mumbai, was shifted to the ED office in the metropolis around 12.30 pm.

ED officials said Kapoor was questioned throughout the night, with some rest time.

A senior ED official connected with the probe told IANS: "Kapoor will be questioned about Yes Bank loans to Dewan Housing Finance Limited (DHFL)."

The official said that during searches a lot of incriminating documents were found and the agency wanted to grill him on his links with DHFL promoters and other companies.

Kapoor's alleged role in the disbursal of loan to a corporate entity and kickbacks reportedly received in his wife's bank account are also under probe.

The ED had filed the money laundering case against Kapoor and raided his residence, apart from issuing a look-out circular so that he does not flee the country.

The ED registered a money laundering case against Kapoor as a continuation of its probe against the DHFL wherein it was allegedly found that Rs 12,500 crore was diverted to 80 shell companies using one lakh fake borrowers. The transactions with these shell companies date back to 2015.

An ED official in New Delhi told IANS that the DHFL probe revealed that funds diverted by the DHFL originated from Yes Bank.

He said that the searches at Kapoor's residence on Friday night were meant to find out any irregularity in grant of loans to the DHFL by the Yes Bank.

The ED has accused Kapil and Dheeraj Wadhawan of DHFL of purchasing shares in five firms -- Faith Realtors, Marvel Township, Abe Realty, Poseidon Realty, and Random Realtors -- after which they were amalgamated with Sunblink.

The outstanding loans of these five firms, totalling around Rs 2,186 crore till July 2019, were allegedly appropriated onto the books of Sunblink to cover up the diversion of loans acquired from DHFL.

The ED's action comes after the RBI superseded Yes Bank Board for 30 days and appointed an administrator, putting a cap of Rs 50,000 on withdrawals by account holders for a month.

The RBI said that the bank's board was superseded "owing to serious deterioration in the financial position of the bank".

Former SBI CFO Prashant Kumar was appointed as administrator of Yes Bank, which has over 1,000 branches and 1,800-plus ATMs across the country.

On Thursday, Union Finance Minister Nirmala Sitharaman said that the bank was on watch since 2017 and developments relating to it were monitored on a day-to-day basis.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.