UPI Fees Are Not About Revenue
Keeping UPI free costs the government an estimated ₹2,000–2,500 crore annually.
This is tiny compared with subsidies of ₹2.03 lakh crore for food, ₹1.68 lakh crore for fertilisers, ₹22,800 crore for agricultural credit and ₹12,500 crore for petroleum and LPG.
NPCI itself earned ₹3,270 crore and retained a surplus of ₹1,552 crore in FY2025.
Clearly, this is not a revenue problem.
Also, charging for UPI will not save public money.
RBI spent ₹4,875 crore in FY2026 on printing banknotes alone, excluding the cost of transporting, storing, guarding, counting and replacing cash.
MDR could push small merchants and price-sensitive consumers back towards cash.
The real pressure thus is not the need for revenue.
It could be Washington.
The USTR’s 2026 report objected to the preferential position of UPI and RuPay, RuPay card payments through UPI and NPCI’s proposed 30% market-share cap.
Free UPI and RuPay divert billions of transactions away from Visa and Mastercard, which typically earn network fees of 1–3% on card payments.
Brazil refused to weaken Pix, its UPI-like public payment system, despite US pressure and an additional 25% tariff.
India should have shown similar resolve.
The government can easily afford free UPI; weakening it would impose far greater economic and strategic costs on India.
And the US may soon press for restrictions on Rupay card, and withdrawal of NPCI’s proposed 30% market-share cap.
@lucknow_index Just the remaining lane of 2 flyovers at kamta and at chinhat will solve the issue. Idk what the authorities saw and built only one side of it.
Over 1300 years old Arulmigu Andal Sametha Rangamannar Temple, dedicated to Lord Vishnu and the female saint Andal, a devout devotee of Lord Vishnu in Srivilliputhur Virudhunagar, Tamil Nadu 🪷🛕🇮🇳
मेरे प्रिय प्रदेश वासियों,
25 नवंबर, 2025 को श्री अयोध्या धाम का नाम पुनः इतिहास के पृष्ठ पर स्वर्णिम अक्षरों में अंकित होगा।
आदरणीय प्रधानमंत्री श्री @narendramodi जी के मार्गदर्शन से श्री अयोध्या धाम में हो रहा हर कार्य प्रभु श्री राम के जीवन मूल्यों से प्रेरित है।
मेरी यही कामना है कि धर्म-ध्वजा की पुनर्स्थापना से प्रदेश में सुख, शांति और समृद्धि का नया युग आरंभ हो।
जय श्री राम।
पुलिस के चतुर्थ श्रेणी कर्मचारी राजेंद्र प्रसाद,श्रीप्रकाश व प्रमोटी SI सुरेंद्र रिटायरमेंट के बाद जब घर चले तो आईजी प्रवीण कुमार ने उन्हें रोका,अपनी गाड़ी में बैठाया,गाड़ी को खुद धक्का लगा सम्मानपूर्वक विदाई दी,छोटे कर्मचारियों संग बड़े नौकरशाहों के क्रूर व्यवहार की सैकड़ों घटनाएँ आए दिन आती हैं,ऐसे में ये तस्वीर अलग भी है,सुखदायी भी,शुभकामनाएँ @Praveenupips
India has a 7,500 km coastline but owns only 1.2% of the world’s ships.
Because of that, India spent $70B last year to use foreign ships.
Here’s how that’s changing—thanks to bold government moves and a gearing-up shipping sector.
Bookmark and retweet this thread on India’s shipping sector and government initiatives.
Comment below with your favorite shipping stock.
Exciting developments in #Lucknow!
@KPMG has qualified the technical bid to plan and develop the upcoming 70-acre AI City in the #Amausi area. This initiative aims to position Lucknow as a leading hub for artificial intelligence, fostering innovation and economic growth.
#AI #Lucknow #Innovation #EconomicGrowth #AiCity #AwanishKAwasthi