Instead of all this UPI charge debate, Govt should just allocate the bank accounts of people in election bound states to everyone, we can then directly transfer the money into their accounts.
Since itโs peer to peer transfer, thereโll be no charge on the UPI transaction also โบ๏ธ
I think MDR on UPI was probably inevitable at some point, especially given how widespread UPI adoption has become. It could also lead to more competition, instead of just three apps accounting for more than 95% of the market.
That being said, there are some use cases, like investing and broking, where the proposed MDR structure doesnโt really make sense.
The problem with broking is that there is no guarantee that money transferred to a broker will actually result in a transaction.
As brokers, we canโt force a customer to trade after transferring money. And if we canโt pass the UPI charge on to the customer, there is essentially no limit to the cost a customer can impose on a broker without generating any revenue.
Just as an example, 10,000 customers could each make 50 UPI transfers of โน2 lakh in a month without executing a single trade. At the proposed MDR, this could potentially cost the broker around โน2 crore, without generating any business.
What makes this even more challenging is quarterly settlement (QS). This is a SEBI regulation that requires brokers to send unused funds back to clients every month or quarter.
Most customers then transfer these funds back to their broking accounts, with more than half of these transfers happening through UPI. So regulation essentially forces this movement of money every month or quarter, and the broker could end up bearing the cost when the money comes back, without any incremental benefit or revenue.
By the way, we currently donโt charge brokerage on equity delivery trades because the economics allow us to offer them for free. But if every UPI transfer starts carrying an additional cost, irrespective of whether the customer actually trades, I donโt see how we can absorb this indefinitely.
I think having an MDR is okay. It still doesnโt solve the problem of customers transferring money without transacting, but something like 0.02% with a cap of โน5 or โน10 per transaction seems much more reasonable for broking, instead of a cap as high as โน300.
MDR on UPI is here - meaning, some merchants will pay money to receive payments on some UPI transactions. First, those that won't pay at all even after this:
1) You and me types, individuals paying each other. Pay like there's no tomorrow, and you won't be charged.
2) Everyone else is a "merchant". So Any payment under Rs. 2000 to a merchant for anything regardless of what anyone says. Yes, you can even pay a merchant in multiples of Rs. 1500 and no one will be charged.
3) Small merchants that make less than Rs. 100,000 in UPI payments per month (including the less than Rs. 2000 ones). They don't have to pay.
Now who will pay: (Next item in thread)
Jio Hotstar : Free Subscription For 1 Month.
Working Again If You Availed This Offer Last Month.
Link : https://t.co/2m0zdKXTwk
Steps :-
โข Open The Link In Broswer/Incognito Mode > Login Your Number.
โข Pay โน1 via PhonePe UPI Mandate (It shows up to โน149, but only โน1 will deduct).
โข After payment, go to PhonePe > Profile > AutoPay and delete JIO Hotstar.
Anything which moves becomes a topic for a podcast and news.
This is peddled as research and analysis.
You will be a better investor if you avoid all of this completely.
#JustIn | Ministry of Road Transport and Highways directs ride aggregators to remove pre-ride tipping prompts
๐Tipping option to be visible only after journey completion
๐No โAdvance Tipโ prompts or similar features before ride completion
๐Aggregators cannot suggest that tipping may improve ride confirmation or driver acceptance
๐Entire tip amount must go to the driver; aggregators cannot deduct any portion
Kuch bhiโฆ I receive threats too. Almost everyday. Simply because my point of view doesnโt suit a section of people.
Stop celebrating as if democracy has suddenly been restored!
What you really miss is not democracy.. you miss monopoly. You miss ur narratives, your cultural approval.
ANNOUCEMENTโ๏ธ
๐๐ง๐ฒ ๐ ๐๐ ๐๐ข๐ญ๐ก๐๐ซ๐๐ฐ๐๐ฅ ๐๐ฒ ๐๐๐ฅ๐ก๐ข ๐๐จ๐ฅ๐ข๐๐ ๐จ๐ ๐๐๐ ๐๐ซ๐จ๐ญ๐๐ฌ๐ญ ๐ฐ๐ข๐ฅ๐ฅ ๐๐ ๐๐ก๐๐ฅ๐ฅ๐๐ง๐ ๐๐ ๐ฅ๐๐ ๐๐ฅ๐ฅ๐ฒ ๐๐ฒ ๐๐๐ข๐ฉ๐ฎ๐ซ ๐๐ข๐๐ฅ๐จ๐ ๐ฎ๐๐ฌ
In light of the recent public statements and administrative commitments concerning the blanket withdrawal or quashing of First Information Reports (FIRs) related to the agitations led by the CJP and associated acts of public disorder, our Clients wish to assert their legal rights and standing. They vigorously oppose any such executive concessions or applications filed pursuant to Section 360 of the Bharatiya Nagarik Suraksha Sanhita (BNSS), 2023 (formerly known as Section 321 of the CrPC).
It is well-established in law that the withdrawal of criminal prosecution cannot be permitted as a mere political compromise or executive leniency in cases involving cognizable offenses such as public violence, obstruction of public servants in the line of duty, and disturbance of public peace. Consequently, our Clients will be submitting appropriate Intervention Applications and Impleadment Petitions to the competent jurisdictional Courts. They aim to demonstrate that any unilateral withdrawal of prosecution threatens the rule of law, and the dismissal of such criminal proceedings without judicial review would be entirely illegitimate, legally unsound, and against the public interest.
๐๐ ๐ฐ๐ข๐ฅ๐ฅ ๐๐ก๐๐ฅ๐ฅ๐๐ง๐ ๐ ๐๐ง๐ฒ ๐๐๐ฅ๐ก๐ข ๐๐จ๐ฅ๐ข๐๐ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ฌ๐ค๐ข๐ง๐ ๐๐จ๐ซ ๐๐ข๐ญ๐ก๐๐ซ๐๐ฐ๐๐ฅ ๐จ๐ ๐ญ๐ก๐๐ฌ๐ ๐ ๐๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ฅ๐๐ฏ๐๐ง๐ญ ๐๐จ๐ฎ๐ซ๐ญ๐ฌ @SachdevaAmita
#BREAKING: Activist Sonam Wangchuk has ended his hunger strike at Medanta Hospital in Gurugram after Prime Minister Narendra Modiโs statement in presence of Union Minister JP Nadda and MoS PMO Dr. Jitendra Singh.
Misleading information is circulating on social media claiming that the Commissioner of Police, Delhi, has been granted detention powers under the National Security Act (NSA) specifically to suppress the ongoing CJP protests.
In this regard, it is officially clarified that the order in question is a routine, quarterly extension of powers under the NSA, which is conventionally renewed every three months. The current renewal was issued on 07.07.2026 for the period effective from 19.07.2026 to 18.10.2026, predating the commencement of the CJP protests.
Furthermore, no specific request was initiated for this order in relation to recent events. The renewal constitutes a standard administrative procedure and has been misinterpreted out of context.