News Analysis India

Tag: Prime Minister Modi

  • Mastercard Lodges Protest Over PM Modi’s ‘Protectionist Policies’ Promoting RuPay

    Mastercard told the United States government in June that Prime Minister Narendra Modi was using nationalism to promote the use of a domestic payments network RuPay, and New Delhi’s protectionist policies were hurting foreign payment companies, a document seen by Reuters showed.

    PM Modi has in recent years backed India’s homegrown payments network RuPay, whose rise has broken the dominance of U.S. payment giants such as Mastercard and Visa. More than half of India’s 1 billion debit and credit cards now go through the RuPay payment system, and that means companies such as Mastercard face an uphill task to expand rapidly in one of the world’s biggest payments growth markets.Modi has publicly endorsed the indigenous card payment network, saying using RuPay was like serving the country as its transaction fee stays within India and could help build roads, schools and hospitals.

    In a written reference to PM Modi’s stance, Mastercard told the Office of the United States Trade Representative (USTR) on June 21 that the prime minister “associated the use of RuPay cards with nationalism, claiming it serves as ‘kind of national service’.”

    The note, which was sent by a Mastercard Vice President for Global Public Policy, Sahra English, said that, while Modi’s digital payments push was “commendable”, the Indian government had adopted “a series of protectionist measures” to the detriment of global companies.

    U.S. companies in India have been increasingly battling policies they perceive to be protectionist. This year, U.S. technology companies have protested against an Indian law that would require them to store more data locally, raising their costs.

    The previously unreported note, which was seen by Reuters, shows the extent to which the PM spport for RuPay frustrated the Purchase, New York-based company, which is the world’s second-largest payments processor.

    “Increasing rhetoric from the prime minister and government mandates on promotion and preference for RuPay … continues to create market access issues for U.S. payments technology companies,” Mastercard said in the note.

    “The Indian government’s preferential treatment of RuPay coupled with fallacies on pricing must be discontinued,” the company asked the U.S. government to propose.
    In response to Reuters queries, Mastercard said in a statement it “fully supports” the Indian government’s initiatives and is “deeply invested” in the country. The company did not comment on its USTR note and its executive Sahra English did not respond to questions.

    The USTR did not respond to a request for comment and it was not clear whether the U.S. agency raised Mastercard’s concerns with New Delhi. Visa did not respond to Reuters queries.

    There was no response to requests for comment from Prime Minister’s office.

    Mastercard, whose president and chief executive is India-born Ajay Banga, has a planned investment outlay of $1 billion in its key Indian market for 2014-2019. With 2,000 people, India accounts for 14 percent of the global Mastercard workforce, the largest outside the United States.

    DIGITAL BOOST

    In November 2016, PM Modi started promoting the use of digital payments after demonetization of high-value currency notes in an attempt to crack down on the black economy.

    That increased card usage: Indians in August clocked transactions worth $51 billion on debit and credit cards, nearly double the amount recorded in November 2016, according to data from the central bank, which does not provide separate usage statistics comparing Indian and foreign payment networks.

    Foreign card companies have also had to contend with a growing use of mobile wallets and state-backed digital money transfer services.

    RuPay received a major boost due to the so-called financial inclusion programme launched in 2014, which meant that all Indians opening a bank account for the first time were offered a RuPay card, not a Mastercard or Visa.

    The Indian card network was developed by the National Payments Corporation of India (NPCI), a group largely owned by state banks but which also counts private and foreign banks among its shareholders. It also oversees the payments services in India.

    In its note to the USTR, Mastercard said the government had mandated banks to support the NPCI directly and indirectly, making it the “sole beneficiary” of the financial inclusion programme.

    The NPCI acted both as “a quasi-regulator and a competing payment network”, Mastercard said, adding that this was “compounded by the government’s open preference for RuPay with misleading statements and inaccurate information on pricing, despite Mastercard being priced lower than RuPay”.

    Pricing refers to the fee paid by banks to payment processors such as Mastercard for card transactions. The company did not detail which specific statements it was referring to.

    The chief executive of the NPCI, Dilip Asbe, did not respond to a request for comment.

    At one point, RuPay levied a transaction fee which was half of that charged by Mastercard and Visa, one industry source said, but the U.S. card companies reduced charges in recent months. The pricing and charges are not publicly available.

  • Editorial :- Raaphel Deel Par Congress ke Jhooth ka Pardaaphaash .

    Rahul Gandhi and his Congress now have no confidence in themselves nor on voters of India.

    Now they have confidence, only on the foreign powers operating in anti-India activities in Pakistan, China and the enemy country of India.

    Rahul Gandhi thinks that the lie will be publicized again and people will understand it as true.

    Rahul Gandhi was born in Italy. There is also the effect of Italy in their blood. Rahul Gandhi’s maternal grandfather was in Mussolini’s party of Italy. Mussolini was a companion to Hitler. Hitler’s Propaganda Minister was Goebbels. So Rahul Gandhi is a clone of Goebbels.

    Rahul Gandhi himself said at the time of the Gujarat assembly elections that no leader of Congress should use abuses against Prime Minister Modi of India. In the same election, Mani Shankar Aiyar called the prime minister low, and Rahul Gandhi had suspended the Congress for a while and then withdrew it to show that seeing his own manhandling was going down.

    The question is, does Rahul Gandhi himself do the same type of objection, who will get him from the Congress? People can learn lessons at the time of their election.

    Rahul Gandhi’s media campaign chief Divya Pundanan is spreading a lot of false rumors to spread in the social media. He published a picture of Modi ji on Twitter and wrote the thief. After this, Rahul Gandhi removed Divya from the media campaign head on the advice of Jairam King to avoid criticism.

    Now the question arises that who will punish Rahul Gandhi by calling him a bad word while doing even more disgusting politics? Voters are those who can punish them.

    Rahul Gandhi is now corrupt and Prime Minister of Anil Ambani after the thief has called the prime minister. He did all this in his press conference on Thursday afternoon.

    Rahul Gandhi, at the time, walked on the behest of Pakistan and China, spreading false news in a French website that the 10th Aviation had no alternative but to compromise with Reliance Defense.

    This report was also published in Navbharat Times. Soon after and a few hours after Rahul Gandhi’s press conference, a news story was published in the Navbharat Times:

    Rafael Deal: The new quote after the website’s new disclosure, the choice of Reliance done by itself.

    Navbharat Times.com Scholarship: January 11, 2018, 09: 12

    It was said in the news that after the new disclosure of France’s Investigative website MediaPart in Rafael Deal, the response of French company Das has been revealed. The company, which gave the Rafael airline to India, while rejecting the report of the website, has said that he had chosen Reliance as a partner of Joint Venture himself. Let us tell you that in the new revelations, the French website has claimed that there was no other alternative than having a settlement with Reliance Defense.

    In his explanation on Wednesday, Dewan Aviation said that in order to comply with the Indian rules (defense procurement process) it had to make an offset contract of 50 percent. Das decided to build a joint venture for this. The company further said that Dewi Aviation has independently selected Reliance Group for this. On June 10, 2017, joint venture double Reliance Aerospace Limited (RC) was formed

    Follow-up of French Regulation

    Das has told that other partnerships have also been signed with companies such as BTSL, Prabhashastas, Kinetic, Mahindra, Ruddhbuddhb, Srunjashvaru. Apart from this, negotiations are going on with 100 other potential partners. The company has said that the French regulation has also been fully followed in this process. Under this, Chief Operating Officer Loik Segalan informed the Central Works Council on the formation of joint venture on May 11, 2017.

    In fact, the ruthless attempt to repeal the Rafael Deal on rumors, lies and propaganda is continuing and the international conspiracy has been started to give ‘Rahul Gandhi and Company’. This thing was strengthened when ABP News’s journalist Vikas Bhadauriya tweeted on September 28. He wrote, “Leaders of international arms companies, Amars dealers and two political parties are engaged in defaming the Modi government under international conspiracy to their advantage so that this government repeals the Rafael Deal.”

  • Editorial :- Eran ke tel ke liye Modi Sarakaar Dvaara Choval ka Niryaat….

    India and Iran have planned to overcome the trick of US sanctions by working on the barter system, on a new method of buying crude oil together.

    1. India’s Prime Minister Modi has made it clear that despite strong reactions by the United States, it will not weaken its relations with Iran.

    2. Similarly, US President Trump had also threatened India on the S-400 agreement being done by Russia. But India’s Modi government is not scared and the agreement happened.

    3. In the same way, Pakistan also threatened Musharraf that if India does the same as the surgical strike in Myanmar, then Pakistan’s nuclear bombs are not meant for splash in marriage, but to answer India. This threat also resulted in India’s Modi government not scared and surgical strikes.

    4. Rahul Gandhi, who is making an international conspiracy against the Modi government, should say anything but one of America’s top defense expert Homes has said that India is behaving like “a mature power” in the ongoing demise of Sikkim, Appears as a teenager.

    5. Prime Minister Narendra Modi refused to support China’s One Belt One Road project at the Sovereign Summit. At the same time, China also gave clearance to respect for transparency and sovereignty.

    India is the only country in outstanding member countries, which is not supporting the Chinese project.

    In this way, we see that Prime Minister of India Narendra Modi is such a Chanakya that his courage is fought in the world without taking the war and making constant decisions in the interest of India.

    India and Iran are working together on new ways to pay for crude. India buys crude oil from Arab countries and Tehran proposes to adjust it with imports of rice and other items. After this, the payments which are left to be paid in the Euro

    A few days ago, India came to visit Iran’s President – Modi’s meeting with him was agreed to increase the import of crude oil. In the next financial year, Iran will export more than 5 lakh barrels of crude oil daily to India. This export will be around 25 million barrels throughout the year. This will be 35 percent higher than the year 2017-18. This year, India will buy about 18.5 million barrels of crude oil from Iran. India imported 214 million barrels of crude oil during the year 2016-17.

    The administration of American President Donald Trump is taking a tough stand against Iran. It wants all oil imports from Iran to end by November, and it is not clear if any waiver will be granted. Under previous sanctions under Barack Obama, the government allowed the nations to continue buying at lower levels. This means that the countries will not be able to trade with Iran, and by doing so, they can take the risk of approving themselves.

    But India has made it clear that despite strong reactions by the United States, it will not weaken its relations with Iran. The Petroleum Ministry issued a statement that despite India’s sanctions, India would continue oil trade with Iran.

    India is not endangering its relations with Iran nor will it break its relations with Russia. In addition, the country will maintain its defense relationship with the United States.

    India’s strategy

    In fact, India has planned to enter into a new trade agreement with Iran, which will be effective from November 4, 2018 to remove the American sanctions against Iran’s payment of dollars. Under this new agreement, Iran In return for crude oil purchased from India, rice will be sent from India. This is a modern form of old style barter system. When we give something in return for getting something, then our dependence on the dollar will be less and the rupee will get a new life.

    India is already following the Barter system with the Soviet Socialist Republican Union. Now with Iran, it will also take advantage of this system. India’s barter system with Iran will be effective from November this year.

    The US has banned the dollar payments with Iran, but it has no right to question the prevailing barter system between the two countries. The government has carefully and actively taken advantage of this 4 year old. It is called an arrow with two targets. This is the style of Prime Minister Modi’s rule. Iran is also happy and even India is happy. America is also moving along with India and India is also running with Russia.

    India has now entered a new era where it is mainly concerned about its interests and later rests all things. This is the representation of New India. This is not an old India, which will keep the country at stake. This is the new India of Prime Minister Modi; We have a powerful government which is not afraid to take any decision under international pressure while talking about national interests. By using diplomacy, perseverance or power, we will move forward with our own interests.

  • Editorial :- Congress conspiracy vs nationalism Former Presidential Address on Nationalism

    Former President Pranab Mukherjee joined the program of National Self-Service Association on June 7. He also addressed himself to the volunteers as a special guest. His full address was on national, nationalism and patriotism.
    Discussing in this regard, he told a country, a flag is necessary. The Congress of today, ie Rahul Gandhi’s Congress, presented the draft of a separate flag for Karnataka, just before the Assembly elections in Karnataka during his reign in Karnataka. Now the Congress should think about it.
    Prime Minister Modi talks about 125 crore Indians only when everyone explains the mantra of development, none of the appeasement is appealing. The Congress should also think about this.
    Pranab Mukherjee also said in his speech that India’s culture, civilization is centuries old. People from many religions, sects and culture came to India from time immemorial and they were adopted by Indians and they remained this.
    The Congress will have to think that India is not a new under-construction nation. That is, India is not only after 1947. India is not the only kingdom of Nehru and Gandhi dynasty. Therefore, in the true sense, Congress should understand the address of Pranab Mukherjee.
    At the time of Gujarat elections and at the time of Karnataka assembly elections, the fatwa issued by Christian Archbishop should be against the nationalism and against the nationalism that Vatican has endorsed. The fatwa issued by Deoband at the time of election did not match the address which Pranab Mukherjee had addressed.
    Today’s present Congress will have to leave politics of violence. The way a lion has a human’s blood, it can not live without it. In the same way, the Congress has been in power etc. It can not live without power. Therefore, it is intent on supporting violence or encouraging violence.
    The way in which the vulture sees only where there is a body of a deceased person, in the same way the President of the Congress and his leaders remain in the eyes of the person whose body is dead. He does not consider the corpse of the human being as the body of any Indian, and is interpreted by a person of a dalit, some or any other religion. All this does to the politics of divide and rule for votes.
    The conspiracy was hatched against the nationalists. During the Manmohan Singh government, the then State Minister of State, RPN Singh, gave a detailed account of the banned Maoist Communist Party and its 74 Front organizations in response to a question asked in the Lok Sabha. The name of the Committee for Release of Political Prisoners (CRPP), which was involved in the release of Maoists, was also included. It is mentioned in the letter of the people of this organization that getting legal and financial help from the Congress. Now the question arises that why those organizations which were considered by their government as Naxalites and terrorists, were provided support from the party. The letter has been told about the cooperation that Congress gets from the release of Maoist leaders arrested in the letter. According to the letter, some Congress leaders have talked about providing legal and financial support. In this regard, it has been instructed to take the services of Jignesh Mewani. According to CHI, the Congress party was allegedly providing financial resources to the Maoists. During the raid of Pune Police, a letter was received which was written on 2 January 2018 by Comrade Ru. The Maoists are referring to the Congress in the letter written to the Yalgard Council, that the Dalit movement will help in furthering the movement. Along with that, he says that Jignesh Mewani and Omar Khalid will work on the bridge between them and the Congress. Not only this, Ambedkar’s nephew Prakash Ambedkar has also been told about how he wants to take advantage of the Dalit movement together with the Maoists.
    Today, as it has been published in the newspapers that the conspiracy of killing Prime Minister Modi and both Koregaon violence are linked and the Congress has a hand in this conspiracy.
    Therefore, the Congress should think again that it is justified or unfair to take the path of violence to gain power.

  • EDITORIAL :- FIR against Karnataka Congress MLA in ID scam

    Karnataka Congress in ID scam
    FIR against MLA Muneerathana Naidu
    Congress and Rahul Gandhi’s true face
    Easy to understand voters
    During the Gujarat assembly elections, Rahul Gandhi took lessons from his mother’s mistake and told Congress leaders and activists that no personal objection should be made on Prime Minister Modi. During the election of the Gujarat Assembly of 2007, Sonia Gandhi had told Modiji the death dealer. But Mani Shankar Aiyar stamped on the defeat of the Congress by calling Modiji downright.
    The same mistake Rahul Gandhi made in his press conference today His entire focus was on Modi ji. India TV correspondent has convinced Rahul Gandhi at the Press Conference that the Karnataka Assembly election is for the 2019 Prime Minister’s post. This question was asked because Rahul Gandhi’s heart had come to the fore, so he said that if his party came as a big party, he would be the Prime Minister.
    In today’s press conference, he took the matter to Rafael in an attempt to encroach on Modi. But, on the last day of campaigning in Karnataka, on the pretext of Rafael Deal, his strategy of encroaching Modiji would be a loss to the Congress?
    He also made clear the fact that he would become prime minister even during his last visit to America that he would be the prime ministerial candidate. This made it clear that there is no democracy in the Congress. Elections were made to show the Election Commission for the name of Congress President Rahul Gandhi while making Congress President. Shahzada Poonawala and another Congress leader wanted to be a candidate, but they were not allowed to do this.
    Now the Congress executive has not declared the candidate for the prime minister’s post from the Congress, nor is he going to make himself a prime ministerial contender.
    The Nehru-Gandhi family has been keeping the Congress in its fist. Now today’s press conference has proved that they also consider opposition parties in their own interest. So they understand themselves as the leader of the opposition. If there is a slight decrease, then they are trying to explain it to their statements.
    At the time of UPA rule, even at the press conference of Delhi, by tearing the copy of the Ordinance passed by the government of the same person, by blowing it up in the air, it had proved that the then Prime Minister Manmohan Singh did not run on the gesture of Madam Sonia Gandhi, but Rahul Gandhi would also throw his turban Have the power of
    Rahul Gandhi is keen to become the Prime Minister of Yen-Ken. In this haste it is neither the importance of the Parliament nor the Supreme Court. They do not even understand the Election Commission.
    This is the reason why despite the FIR lodged by the Election Commission of his Congress MLA in relation to the Fake ID card scam today, they understand this phenomenon as easily understood and unimportant. But Karnataka’s voters should understand that through this incident, it should be understood that the Congress is involved in corruption from the bottom till the UPA rule.
    How comical it is that Feroze Khan’s grandson and whose party was promoted by saffron terror and saffron terror, and in order to deepen the conspiracy, Rahul Gandhi himself said in America that there is more dangerous terrorism than the LeT .
    Now the people of India should recognize the true face of Manniriye Jainewadi.

    During the Gujarat assembly elections, Rahul Gandhi took lessons from his mother’s mistake and told Congress leaders and activists that no personal objection should be made on Prime Minister Modi. During the election of the Gujarat Assembly of 2007, Sonia Gandhi had told Modiji the death dealer. But Mani Shankar Aiyar stamped on the defeat of the Congress by calling Modiji downright.
    The same mistake Rahul Gandhi made in his press conference today His entire focus was on Modi ji. India TV correspondent has convinced Rahul Gandhi at the Press Conference that the Karnataka Assembly election is for the 2019 Prime Minister’s post. This question was asked because Rahul Gandhi’s heart had come to the fore, so he said that if his party came as a big party, he would be the Prime Minister.
    In today’s press conference, he took the matter to Rafael in an attempt to encroach on Modi. But, on the last day of campaigning in Karnataka, on the pretext of Rafael Deal, his strategy of encroaching Modiji would be a loss to the Congress?
    He also made clear the fact that he would become prime minister even during his last visit to America that he would be the prime ministerial candidate. This made it clear that there is no democracy in the Congress. Elections were made to show the Election Commission for the name of Congress President Rahul Gandhi while making Congress President. Shahzada Poonawala and another Congress leader wanted to be a candidate, but they were not allowed to do this.
    Now the Congress executive has not declared the candidate for the prime minister’s post from the Congress, nor is he going to make himself a prime ministerial contender.
    The Nehru-Gandhi family has been keeping the Congress in its fist. Now today’s press conference has proved that they also consider opposition parties in their own interest. So they understand themselves as the leader of the opposition. If there is a slight decrease, then they are trying to explain it to their statements.