Jitendra Patel

Proud 🇮🇳 || Engineer || Investor || Stock Analysts/ Trader || Market + Finance | Economy || Geopolitics || Silent wealth creator || Learner

[Ravisutanjani @Ravisutanjani]

🚨 Convenience and PG Fees Charge by IRCTC

• Credit Cards : ₹30 + Upto 1.8% PG +GST
• UPI : ₹20 +GST

They Don't Even Accept RuPay CC on UPI

IRCTC Passes Payment Gateway Fees To Users

But Govt Expects Merchants Will Bear This Cost

Why Not Remove PG Fees From IRCTC First?

[CA Ruchita Vaghani @R_N_Vaghani]

Purchase - ₹15,000
+ GST @ 18% - ₹2700
--------------------------
Gross Total - ₹17,700
+UPI Charges - ₹70.8
+GST on MDR - ₹12.75
--------------------------
Total Payment - ₹17783.55

GST on GST , Tax on GST👏👏👏👏

Wow..... Wow..... Wow......

[Chota Don @choga_don]

When you realise that there is MDR on GST and also GST on MDR 😭

If you buy something for 5k, GST is 900, You pay 5900

MDR 0.4% applied on 5900 & not 5k which is 23.6

Then, there is again GST of 18% on MDR which makes MDR charges 27.8

So effectively, MDR is 0.56% and not 0.4%

[Jitendra Patel @MPatelJitendra]

@Nithin0dha Simple, crisp, and clear! Excellent. Still govt won't understand

[Nithin Kamath @Nithin0dha]

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 doesn’t 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 can’t force a customer to trade after transferring money. And if we can’t 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 ₹2 lakh in a month without executing a single trade. At the proposed MDR, this could potentially cost the broker around ₹2 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 don’t 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 don’t see how we can absorb this indefinitely.

I think having an MDR is okay. It still doesn’t solve the problem of customers transferring money without transacting, but something like 0.02% with a cap of ₹5 or ₹10 per transaction seems much more reasonable for broking, instead of a cap as high as ₹300.

[Jitendra Patel @MPatelJitendra]

@narendramodi @BJP4India

[Aaditya Aanand @biased_human]

Dear BJP,

I am your staunch ideological supporter.

It pains me to see your Vinash Kale Viprit Buddhi. You have completely lost touch with the ground reality. Except Amit Shah, you have an army of incompetent central leadership which will cost you 2029 elections.

First you brought Ethanol Policy that affects every single voter. Nobody is happy. Regardless of whether the damage to their vehicle will happen because of E20 or not, people will blame Ethanol Policy only.

Then you did massive blunder with Jantar Mantar protest. Nobody was bothered about the protest but you randomly took away Sonam Wangchuk one morning which created the unnecessary hype.

If that wasn’t enough, you want to charge people on UPI payments. Every single person today uses UPI and they will be impacted by it. UPI is our pride. Please don’t destroy it. If people have to pay ₹300 on a transaction, they will happily move to cash again.

When you bring acts like UGC, you are simply telling your core UC voter base to f*** off because you have taken their votes for granted. Please don’t.

If this continues, even Rahul Gandhi can’t save you in 2029 elections.

[Jitendra Patel @MPatelJitendra]

@moneycontrolcom @grok wht does this means for market

[शुभम कराड @shubham_9909]

MH 12 YJ 3333…

Maharashtra’s CM @Dev_Fadnavis doesn’t demand that traffic be stopped for him,so who exactly is this VIP?

There is no one even visible inside this vehicle,yet police personnel were seen stopping traffic for it.

Whoever this vehicle belongs to,one can only feel sorry for such VIP culture.

Is this really the Maharashtra we want where an empty car gets more importance than an ordinary citizen?

Does a poor common man have no value in this state?

[Shehzad Jai Hind @Shehzad_Ind]

Middle class earns.
Middle class pays.
But what does the middle class get back? 🤔

Bad roads.
Air pollution.
Toxic water.
Corruption.

Time to AXE THE PERSONAL INCOME TAX for Salaried Middle Class till we get WORLD CLASS FACILITIES.

#KhandanKaro #TheManifesto #MiddleClass #Taxes

Follow @KhandanKaro

What’s your view ? Comment here

https://t.co/pMmSpPhOjs

[Shehzad Jai Hind @Shehzad_Ind]

Middle Class is asking all governments..

If we pay Global Standard Taxes
Do we have Global Standard facilities ?
Overall our Public Schools, roads, breathing air and drinking water ? States need to answer this.

Personal Income Tax, GST, Tolls, Cess, Fuel Taxes, Local Taxes..

I don’t object to contributing . But after everything I contribute, what am I getting back?

Why can’t India’s middle class get the Singapore deal as a starter— lower taxes, better roads, better transport, better civic infrastructure and greater accountability for every rupee it pays from every authority that extracts a tax in one or other form.

[Tukaram Mundhe @Tukaram_IndIAS]

Maharashtra shows the Way

Food safety is ultimately about people, not files, inspections or statistics.

Every safe meal is a family protected. Every action against unsafe food is a step towards protecting someone’s health, dignity and future.

Maharashtra’s experience reminds us that governance earns people’s trust when purpose is clear, action is fair, and compassion remains at the heart of enforcement.

Public service is, at its core, about standing with people; especially when they need the system most.

#TukaramMundhe #FoodSafety #PublicHealth #PublicService #GoodGovernance #People #Leadership #Inspiration
https://t.co/Xauebv8LQf

[` @chixxsays]

Chandrashekar Ravan despite owning a Rolls Royce is eligible for reservations, while many GC students who don’t even own a vehicle receive no benefits

Absolute mockery of the Indian education system

[INDIAN MERIT @UnreservedMERIT]

Got 2nd rank among class , GATE rank 53 still missed by dream of getting into IIT MADRAS just due to General Category .
- IIT Kharagpur Alumini

#EndReservation

[𝐇𝐲𝐝𝐫𝐨𝐠𝐞𝐧 @ImHydro45]

Kudos to Harsh Dubey for openly highlighting the reservation issue in our education system.

Reservation leads to suicidal thoughts. Many GC candidates who don't get a college seat despite scoring good marks, They start thinking of suicide. But sadly no one talks about it.

[Abhinay Pandey @AbhinayWithYou]

Dear General Category brothers and sisters,

There is no alternative choice, bro.
You have to raise your voice, bro.

It’s time to make some noise, bro.
Write #EndReservation and join the right side, bro.

[Mohandas Pai @TVMohandasPai]

PM @narendramodi Sir This is a major source of grievance by students. A GC with 90%+ does not get a seat but some others in categories with very low marks get in! This is very wrong a 10% lower marks is ok but not so low. This is creating huge anger amongst students who work very hard for years to qualify. Needs a solution.

[Anuradha Tiwari @talk2anuradha]

General Category attending tomorrow's student protests- use these banners.

Reservation is one of the biggest issues affecting your future. Raise your voice.

Talk to the media. Share photos & videos on social media. Tag me- I will amplify them.

This is your moment. Use it.

[Anuradha Tiwari @talk2anuradha]

Medical college fees per year:

General Category - 10 lakh
SC/ST - ZERO

This education system has never been "fair" to General Category.