‘In­dia can­not lag be­hind in digital cur­rency era’

Prime Min­is­ter Naren­dra Modi said digi­ti­sa­tion was aimed at bring­ing in ac­count­abil­ity and added that more cash would bring with it so­cial evils

Times of Oman - - WORLD -


(Kar­nataka): Prime Min­is­ter Naren­dra Modi on Sun­day as­serted that In­dia could not lag be­hind in the “digital cur­rency era”, as he took a dig at “stal­warts” who had mocked his gov­ern­ment’s push for digital trans­ac­tions.

“Now an era of digital cur­rency has started, and In­dia should not lag be­hind,” Modi said at a rally here, about 50km from Man­galuru in the coastal dis­trict of Dak­shina Kan­nada.

He said digi­ti­sa­tion was aimed at bring­ing in ac­count­abil­ity and added that more cash would bring with it so­cial evils. The prime min­is­ter also hit out at peo­ple who saw them­selves as “Tees Maar Khan” — a col­lo­quial phrase used for those who pre­tend to be smart or heroic — and had been scep­ti­cal of digital trans­ac­tions.

“Last Novem­ber, De­cem­ber and Jan­uary, stal­warts made speeches in the Par­lia­ment. If you haven’t heard them, hear them. These stal­warts who see them­selves as “Tees Maar Khan”, those who think them­selves as the epit­ome of knowl­edge, used to say that in In­dia there is poverty, lack of ed­u­ca­tion, how can digital trans­ac­tion work,” Modi said.

They also won­dered how peo­ple could go cash­less, he said.

“They spared no ef­fort to speak ill about digital trans­ac­tions,” he said at a rally of the Sri Kshetra Dhar­mas­thala Ru­ral De­vel­op­ment Project, where he sym­bol­i­cally pre­sented a ben­e­fi­ciary with a Ru­Pay card, an In­dian version of a credit or debit card.

Un­der the project, run by the or­gan­i­sa­tion man­aged by the Dhar­mad­hikari (hered­i­tary ad­min­is­tra­tor) of Dhar­mastala, Veeren­dra Heg­gade, about 1.2 mil­lion Prad­han Mantri Jan Dhan Yo­jana ac­count hold­ers would ben­e­fit from the Ru­Pay card.

“Our mothers and sis­ters who live in vil­lages, whether they are ed­u­cated or not, have taken a pledge. Twelve lakh peo­ple have taken a pledge that they will trans- act their self-help group re­lated busi­ness cash­less; they will go with digital trans­ac­tion, with Ru­Pay card,” Modi said.

Com­pli­ment­ing Heg­gade for his ef­forts, Modi said he worked to­wards en­sur­ing digital In­dia. Not­ing that the times had changed, Modi said cur­ren­cies had been chang­ing with time, too.

“At one point of time it used to be stone. Then came leather, then gold and sil­ver, or­na­ments, pa­per and plas­tic. It has been chang­ing from time to time. Now an era of digital cur­rency has started and In­dia should not lag be­hind,” the prime min­is­ter said.

The prime min­is­ter also spoke of the gov­ern­ment’s ef­forts at en­sur­ing that ev­ery ru­pee from the Cen­tre was used for the wel­fare of In­di­ans and that it reached the in­tended ben­e­fi­ciary with­out any scope for leak­age.

“One of our for­mer prime min­is­ters had said if one ru­pee goes from Delhi, by the time it reaches a vil­lage it will be­come 15 paise. Who are these peo­ple who do this,” he asked.

High­light­ing the di­rect ben­e­fit trans­fer scheme, Modi said be­cause of the gov­ern­ment’s ef­forts, Rs 570 bil­lion “go­ing into some­one’s hand il­le­gally” had been stopped and the money was now reach­ing the right ben­e­fi­ciary. Full story @ time­so­fo­man.com/world


ELATED: Prime Min­is­ter Naren­dra Modi dis­tribut­ing the Ru­Pay card to a ben­e­fi­ciary at the Shri Kshetra Dhar­mas­thala Ru­ral De­vel­op­ment Project, at Ujire in Kar­nataka on Sun­day. Union min­is­ter Ananth Kumr is also seen.

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