Beyond Money
Giving sight to the blind

Judith Fernandes  writes about how this unique organisation is working to make life easier for the visually challenged and ensure that they become contributing members of society

It all began one day in 1982 when a group of blind people decided to organise a one-day special workshop on social problems relating to employment, marriage, etc, for the blind. The workshop was a success and the group—Dr Rajendra Vyas, Rajnikant Mehta, Subash Dattarange and others—decided to formalise and broaden the activity—taking up issues relating to the blind community under the Blind Graduates Forum (BGF). The founders were all blind graduates who shared common issues such as scarce employment opportunities for the educated. In 1986, BGF was registered as a not-for-profit entity with the Mumbai Charity Commissioner with the objective to fulfil the aspirations of the blind, to spread awareness about their abilities, to strategise effective solutions on everyday problems faced because of disability and to develop soft skills and leadership to ensure that they become contributory members of society.

Over the years, this objective was well fulfilled and, by 1985, it became apparent that the Forum should have a national profile, so it changed its name to the Blind Graduates Forum of India (BGFI). In January 1985, Usha Saran became BGFI’s first president. Harish Kotian, who is the current president, says that one of their key objectives was to become a spokesperson or ambassador for the blind and to work towards all-round development of the visually challenged and to give them a voice in law and policy formation and its implementation.

Mahendra Galani, another founder member, says BGFI holds monthly lectures by prominent speakers, competitions and demonstrations of newer adaptive equipment for the blind (such as ultrasonic glasses for safer mobility), etiquette and grooming sessions and hypnotherapy, to promote self-development and increase awareness. He says that organising unique activities and events for BGFI has increased his own self-confidence tremendously. He says, Walk to Win, organised in December 1986 was made into a Film’s Division documentary called Yashyatra and helped spread awareness about BGFI’s activities in rural India as well.

A few years ago, BGFI came up with a broad range of suggestions for inclusion in the new draft of Disabilities Bill. This included setting up a disability disputes redressal forum to decide disability rights cases, at the district, state and national level; to clearly stipulate rules for human assistance (like scribes) during exams for the visually challenged and many more.

BGFI has also been taking up issues relating to transport problems and how indiscriminate digging up of pavements without any safety barricades endangers the visually challenged. A BGFI team also offered shramdaan and filled up a stretch of incomplete pavement abandoned by civic staff at Sion (Mumbai) generating substantial media attention. This was followed up by a public interest litigation filed in the Bombay High Court in 1992 on the condition of roads.

On 16 May 2012, Moneylife Foundation organised a meeting with the IRDA chairman J Hari Narayan, at which the Blind Graduates Forum requested the insurance regulator to issue a circular to all insurance providers clearly instructing them not to discriminate against persons with disabilities, especially those with low vision. They also pointed to the discrimination by Life Insurance Corporation of India (LIC). Similarly, at another Moneylife Foundation event, they met the Chief Election Commissioner Dr SY Quraishi and presented a memorandum on the difficulties faced by blind persons in voting booths and dealing with electronic voting machines.  

Interestingly, Mr Galani says, BGFI is not very concerned about donations (although they enjoy tax exemption under Section 80G) because they are more focused on specific projects and activities which they fund through sponsorships. This ensures support and empathy rather than sympathy; it also ensures that the donors know that their money is being utilised correctly and transparently. BGFI prefers donations in kind rather than
in cash.

Blind Graduates Forum of India
409 Swapnapurti,
J W Road, Parel East, Mumbai – 400012
Email: [email protected]



Nasdaq offers $62 million compensation for Facebook IPO


Nasdaq’s offer, however, falls far behind the $100 million in losses that wholesale trading firms which trade on behalf of online retail brokerages demanded

New York: The Nasdaq OMX group will provide funds to the tune of $62 million to compensate clients who were disadvantaged by technical problems that arose during the Facebook IPO on 18 May 2012, reports PTI.
Nasdaq will offer a $62 million fund for voluntary accommodations, which is $22 million larger than the 6 June 2012 proposal, the exchange said in a statement.
Facebook had begun trading publicly on 18 May 2012 following one of the most anticipated stock offerings in history. But the stock’s public debut was marred by technical glitches at the Nasdaq Stock Market that delayed trading.
On the opening day, the orders failed to be executed, or in trader parlance—‘print’. Nasdaq was unable to deliver trade execution messages until mid-afternoon, leaving traders in the dark about whether their orders had gone through.
The proposed voluntary accommodation programme will be filed with the Securities and Exchange Commission (SEC), Nasdaq said.
“We deeply regret the problems encountered during the initial public offering of Facebook,” Nasdaq OMX Group chief executive officer and president Robert Greifeld said.
The independent Financial Industry Regulatory Authority (FINRA) has agreed to evaluate claims submitted by firms under the voluntary accommodations program.
All claims will be paid in cash, simplifying the process and eliminating trading credits from the earlier proposal.
Nasdaq expects to compensate the entire accommodation plan within six months.
“We failed to meet our own high standards based on our long history of providing outstanding technology to our members and exchange customers. We have learned from this experience and we will continue to improve our trading platforms,” Mr Greifeld added.
Nasdaq’s offer, however, falls far behind the $100 million in losses that wholesale trading firms which trade on behalf of online retail brokerages like Knight Capital, Citadel, and units of UBS and Citigroup demanded.


No need to file tax returns if salary not exceeding Rs5 lakh


Earlier, it was obligatory for all salaried persons to file income tax returns under the Income Tax Act, 1961

New Delhi: Salaried employees earning up to Rs5 lakh a year need not file income tax (I-T) returns from this year, the finance ministry said today, reports PTI.
The exemption from filing I-T returns is applicable only if “the total income of the employee does not exceed Rs5 lakh ... (and) the annual interest earned from savings bank account is less than Rs10,000” for assessment year 2012-13.
Filing I-T returns is, however, necessary to claim refunds. The last date for filing tax returns is 31 July 2012.
There are about 85 lakh salaried persons in the country whose yearly income, including earnings from other sources like bank deposits, does not exceed Rs5 lakh.
The exemption will be permitted only if the assessee has received a certificate of tax deduction in Form 16 from the employer. The employees have to report income from interest on savings bank account to the employer to become eligible for exemptions.
Earlier, it was obligatory for all salaried persons to file income tax returns under the Income Tax Act, 1961.
Meanwhile, the tax department said special counters will be set up in Delhi and “Tax Kiosks” in various parts of Mumbai to assist people in filing income tax returns.
Unlike the previous years, the tax department will not set up any return receipt counters are at Pragati Maidan in New Delhi.
Instead, returns will be received at Civic Centre, opposite Ramlila Ground, New Delhi, from 26-31 July 2012.
The Mumbai Income Tax Department will set up “Tax Kiosks:, manned by Tax Return Preparers, at various locations in city to assist individual and the Hindu undivided family (HUF) taxpayers in preparation and filing of the returns. A tax payer will have to pay Rs250 to avail services of TRPs.
“Tax Kiosks” will be functional in certain residential areas on 22 July 2012 and in certain offices on 24th and 25th July 2012.
At present, income of Rs2-Rs5 lakh attracts 10% tax, Rs 5-Rs10 lakh 20% and above Rs10 lakh, 30%.


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