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 ....

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News Network
March 26,2020

Srinagar, Mar 25: A 65-year-old man hailing from Hyderpora area of the city died on Thursday, becoming the first fatality in Jammu and Kashmir due to coronavirus.
"As we share the sad news of our first #Covid19 fatality, my heart goes out to the family of the deceased. We stand with you and share your grief," Mayor of Srinagar Junaid Azim Mattu tweeted.
Government spokesperson Rohit Kansal also confirmed the death via Twitter.
"First death due to Coronavirus- 65 years old Male from Hyderpora Srinagar. Four of his contacts also tested positive yesterday," Kansal said.
Four people had tested positive for coronavirus in J-K on Wednesday, taking the total number of cases to 11.
Authorities in Kashmir have expressed apprehensions that the cases could be more than reported in the Valley as a significant number of people appeared to have concealed their travel history.
As per a government bulletin on Wednesday in Jammu and Kashmir, as many as 5,124 travellers and people who came in contact with suspected and positive cases have been put under surveillance.

Among them 3,061 are in home quarantine (including facilities operated by the government), 80 in hospital quarantine and 1,477 in home surveillance.
Restrictions on movement imposed in Kashmir to prevent the spread of coronavirus were tightened on Wednesday.

 

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News Network
June 5,2020

New Delhi, Jun 5: On World Environment Day, Prime Minister Narendra Modi on Friday urged citizens to ensure that the flora and fauna thrive and take a pledge to preserve our planet's rich biodiversity.

"On #WorldEnvironmentDay, we reiterate our pledge to preserve our planet's rich biodiversity. Let us collectively do whatever possible to ensure the flora and fauna with whom we share the Earth thrive. May we leave an even better planet for the coming generations," the Prime Minister tweeted.

He also shared a clip from his last 'Mann Ki Baat' programme where he mentioned about conservation of rainwater and protecting the rich diversity of nature.

"On June 5, the entire world will celebrate 'World Environment Day'. The theme for this year's 'World Environment Day' is bio-diversity. This theme is especially pertinent in the current circumstances. During lockdown in the last few weeks the pace of life may have slowed down a bit but it has also given us an opportunity to introspect upon the rich diversity of nature or biodiversity around us," the Prime Minister had said.

"Much of the avian fauna had sort of disappeared due to sound and air pollution, and now after years people can once again listen to their melodic chirping in their homes," he said.

The Prime Minister also said that water conservation, in particular the conservation of rainwater, is essential and exhorted everyone to strive for saving rainwater in the upcoming monsoons.

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Agencies
March 15,2020

Financially troubled Yes Bank on Saturday reported a standalone net loss of ₹ 18,560.31 crore for the third quarter of the financial year 2019-20. This is amongst the biggest losses reported by the India Inc.

At present, the private lender is under a moratorium and is controlled by the office of the administrator appointed by the RBI.

The bank had reported a net profit of ₹1,001.85 crore during the corresponding period of the previous financial year.

Besides, the bank's total income fell to Rs 6,268.50 crore from Rs 8,849.81 crore earned during the October-December quarter of the previous fiscal.

On consolidated basis, Yes Bank reported a net loss of ₹18,564.24 crore for the December quarter from a net profit of Rs 1,000.57 crore in the corresponding period of the previous fiscal.

The independent auditor's review report on the consolidated results pointed out that there is a "material uncertainty related to going concern" of the bank.

"The said assumption of going concern is dependent upon the degree of success of the final reconstruction scheme, the quantum of capital infused into the bank and the bank's ability to stabalise its deposit balances post withdrawal of the moratorium by the RBI. Our conclusion is not modified in respect of this matter," the auditor said.

Furthermore, the bank recognised additional loans of ₹ 5,150.2 crore as NPAs and related provisioning requirements of ₹772.5 crore for the quarter ended December 31, 2019.

The bank has recognised an additional provisions of ₹15,422.0 crore in the quarter ended December 31, 2019.

Last week, the RBI placed Yes Bank under moratorium and capped the withdrawal limit at ₹50,000 till next Wednesday.

Additionally, the central bank also superseded Yes Bank's board of directors and appointed former SBI CFO Prashant Kumar as its administrator.

Meanwhile, Kumar has been appointed as the new Chief Executive Officer of the financially troubled lender. He will take over his new responsibilities once the moratorium on the stressed lender is lifted on Wednesday.

Apart from Kumar, Sunil Mehta, former non-executive Chairman of Punjab National Bank, will take over as the non-executive Chairman of Yes Bank.

Other board members include Mahesh Krishnamurthy and Atul Bheda, both as non-executive Directors.

Additionally, six private lenders have joined the SBI to rescue Yes Bank with Federal Bank committing ₹300 crore by subscribing to 30 crore shares of ₹2 each at a premium of ₹8 per equity share.

The six private lenders have now committed an investment of ₹3,700 crore in the cash-strapped private sector bank.

On Friday, ICICI Bank and Housing Development Finance Corporation (HDFC) Ltd had announced that they will be investing ₹1,000 crore each in Yes Bank's equity. Axis Bank and Kotak Mahindra Bank will be investing ₹ 600 crore and ₹500 crore, respectively, while Bandhan Bank will invest ₹300 crore.

The SBI board has already approved up to 49 per cent stake purchase in Yes Bank, as per the RBI's reconstruction scheme for the lender. It had said on Thursday that an investment of ₹7,250 crore would be made in Yes Bank to pick up₹ 725 crore equity shares.

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