Indian police battle anti-Modi protesters over disputed law
January 12, 2020, 2:15 pm

Indian police battle anti-Modi protesters over disputed law

Indian police baton-charged protesters Sunday to stop them reaching Prime Minister Narendra Modi’s cavalcade as nationwide protests against a bitterly disputed citizenship law entered a second month.

Tens of thousands staged protests through the night in the eastern city of Kolkata to denounce Modi’s weekend visit to the capital of West Bengal state, whose local rulers have strongly opposed the legislation.

Police said they were forced to act after protesters tried to storm past barricades to stop Modi’s vehicle outside a stadium, where the leader again defended the law and insisted the demonstrators were “misguided”.

Nearly 2,000 protesters gathered outside chanting “Fascist Modi, Go Back” before the showdown between demonstrators and police. More than 100 protesters were detained, a police official said.

Protesters have burned effigies of the prime minister during his visit and brandished black flags, which is considered an insulting gesture in Indian society.

“The government can’t suppress our voice. We are not afraid. We are determined to fight for our rights,” Samit Nandi, one of the protesters, told AFP. “We will continue our protests until Modi leaves our city.”

West Bengal has become a political battlefield between Modi’s right-wing Bharatiya Janata Party (BJP) and regional powerhouse Mamata Banerjee, whose Trinamool Congress party leads the state.

Banerjee is among state leaders nationwide who have said they will not implement the Citizenship Amendment Act, which excludes Muslims from a list of ethnic minorities from Pakistan, Afghanistan and Bangladesh who are allowed to seek Indian nationality.

Opponents say the government has created a religious test for citizenship in the secular country.

Many among India’s 200 million Muslims fear the law is a precursor to a national register of citizens that could leave them stateless in the country of 1.3 billion. Many poor Indians do not have documents to prove their nationality.

“CAA is not about taking away citizenship, it is about giving citizenship,” Modi told supporters.

He has accused political opponents of “misleading” and “inciting” people against his government.

Widespread demonstrations have rocked the Hindu-majority nation since the law was approved by parliament last month.

At least 27 people, mostly Muslims, have been killed with police accused of using disproportionate force in several states.

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).

Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.