If India is bowing to US anyways, why not open Indian market to American agriculture, dairy, meat, cars etc ?!
They will benefit the long suffering Indian middle class and undercut dhandhos and madarkissans who are burden on India.
Madam @nsitharaman your department of income tax passes down MDR to tax payers the moment they select to pay taxes using cards.
Fix your own house before preaching, try funding a ladli behan yojna less.
VIDEO | PTI Exclusive: MDR on UPI payments above Rs 2,000 will not be passed on to customers, says Finance Minister Nirmala Sitharaman.
She says, "This is a complete misconception. Today, the opposition is levelling allegations against the government without fully understanding the issue. I wish to clarify, so that both traders and citizens are well-informed that this is neither a tax nor a cess. We are not imposing a surcharge, and the funds collected from this will not go into the government's coffers or treasury. This is a decision mutually agreed upon by the entities involved such as the banks providing POS machines, QR service providers, and collecting banks. Regarding the 0.4 percent charge applied to transactions exceeding Rs. 2,000, the proceeds will be shared among these four parties: the NPCI, the banks, the POS machine providers, and the merchant banks. I want to make this clear. Even now, traders accept various cards: Visa, debit, or credit cards, on which an MDR (Merchant Discount Rate) is applicable, yet this cost is not passed on to the customer. For instance, if you purchase an item worth Rs 5,000, the bill reflects that exact amount plus GST, of course, but the MDR is not added to it. Traders do not charge the consumer the MDR for other cards, similarly, the cost here will not be passed on to the consumer either. Since this system helps grow their business, the merchants and bankers handle these arrangements among themselves; the government plays no role in this process. If they do not pass the cost on to the consumer for other cards, why would they do so in this instance?"
(Full video available on PTI Videos - https://t.co/bIyFWTfmBd)
All government has to do is pay 5000 instead of 10000 to ladli behans and we get upi for free, but alas be ready to pay increased prices for literally everything.
Govt Sources say: Banks will monitor merchants that MDR (Merchant Discount Rate) should not be passed on to consumers.
Indian Bank Association (IBA) will make a mechanism and make sure that MDR on UPI is not passed on to consumers
Finance Ministry will hold meeting with IBA (Indian Banks' Association) on UPI issue
Finance Ministry will also meet with merchants and CAIT (Confederation of All India Traders) on MDR issue
IBA to start an explanatory campaign in every regional language for consumer awareness
GST Council likely to take a view with respect to GST on MDR
@credofly India is crooked place where I have seen tax to pay on top of tax.
You earn more then 50L, you pay surcharge, and additional cess.
You earn more then 1cr, additonal cess on top of tax unlocks.
She will personally visit stores and arrest folks who now will be demanding 1rs - 5rs extra on top of everytime item mrp, she will also personally verify if redi walas have not bumped prices.
@madanmohansoni@Jayrathore9068 Scammer milked everyone for money, influencers milked scammer for engagement, actual people who got scammed are left stateless, influencers and scammer are the winner here.
एक व्यक्ति ने फेक ID बनाकर अपनी बहन की झूठी बीमारी की ट्विटर पोस्ट करके डेढ़ लाख कमा लिए,
अब ट्विटर के कुछ संभ्रांत मूर्ख उस व्यक्ति को स्पेस में बुलाकर उससे लगातर बातें कर रहे हैं,
और उस चोर को भगवान बनाने पर तुले हैं, दो साल पहले कानपुर के रीजेंसी अस्पताल के एक कैंसर के मरीज की फाइल एडिट करके एक व्यक्ति ने ट्विटर से 3 लाख कमाए थे,
हमने उसकी शिकायत पुलिस,अस्पताल और डॉक्टर से की जिसके बाद उसपर कार्यवाही हुई थी ,मामला मीडिया में उतना आया नहीं और खुरपेंच तब छोटा सा अकाउंट था,
@Jayrathore9068 एक स्कैमस्टर है, उसके खिलाफ हम पुलिस और साइबर कार्यवाही करवायेंगे ताकि भविष्य में कोई ऐसी धोखाधड़ी न कर सके
There is left wing guy @DrNimoYadav with a crazy take on scam, if money is returned then its not a scam but a social experiment, I wonder which university is teaching such stuff.
@Jayrathore9068@NotAfangirll_ you are a moron right? here there is a live scam going on, talk to those who gave this guy money and are feeling cheated, and you have time to insert your own agenda, how is this connected? Are you promoting scam here? This left wing folks have zero brain left.