This is a very serious matter now.
A German citizen and OCI cardholder, Navneet Pal, is playing a background role in instigating students in the IIT Bombay suicide case.
We need an investigation into her role with Marxists.
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.
UPI transaction fee is most unfortunate. It’s demeaning an achievement of Bharat, which has global appeal. Policy makers have failed to factor in reduced logistic cost due to UPI, making Bharat more competitive. My take https://t.co/5NR7sqUNxS
The most expensive part of a hospital bill may never touch the hospital at all.
A patient admitted for care has no way of knowing whether the price on a medical consumable reflects its actual cost or a markup fixed long before it ever reached the ward. That gap in information is, at its core, a public health issue.
A survey of hospital consumables in Maharashtra found an IV infusion set with a trade price of ₹11.05 carrying a printed MRP of ₹325 ; a markup of 2,841%. A syringe procured at ₹6.75 carried an MRP of ₹57.20. A catheter procured at ₹29.41 carried an MRP of ₹310.
These are not elective purchases. Patients cannot compare prices, seek alternatives, or question a number printed on a box while receiving care and the MRP itself is often fixed upstream by manufacturers and distributors, disconnected from the trade price by a wide, unexplained margin. The result is a system where the party bearing the cost has the least information to evaluate it.
The regulatory gap is structural: scheduled medicines are capped under the Drugs (Prices Control) Order, 2013. Most medical devices and consumables are not leaving both the pricing and the information around it almost entirely unmonitored.
A review of these findings and clear guidelines on the permissible gap between trade procurement price and declared MRP have been recommended to the Department of Pharmaceuticals and the NPPA ; a step toward closing not just a pricing gap, but the information gap patients are left to bear alone.
#PublicHealth #GoodGovernance #Leadership #TukaramMundhe
https://t.co/Ye9CVzr8qU
India mein koi 5 minutes number Google kar le to doodh ka doodh paani ka paani ho jaye.
RBI surplus to Govt : ₹2.87 Lakh Crores (US$30 Bn)
Total listed bank profits : ₹4.11 Lakh Crores (US$42 Bn)
NPCI - which runs UPI pre tax ‘surplus’ : ₹ 1,888 crores (US$200 Mn)
To nuksaan kis ka ho raha hai UPI se aur kaunsi subsidy de rahi hai Govt UPI pe jo chubh rahi hai?
Cost of running ATMs and cash logistics in India is ₹30,500 crores (US$ 3.0 Bn). If you want to optimise shut ATMs and promote UPI instead.
Any levy on UPI is just tax collection. UPI is the one scientific achievement of India everyone acknowledges par ab tax ki bali chadhegi.
Not so long ago, we saw 33-year-old Sarthak Mattoo's parents crying on TV after losing their young son to hit and run accident by Mahindra Thar owner in Gurugram
THERE IS NOTHING LIKE JUSTICE IN INDIA....INFACT, THE VICTIMS AND THEIR FAMILIES SUFFER MORE DRAGGING THEMSELVES TO COURT FOR YEARS
Kalyan Bainsla arrested after nearly 50 hours in the Gurugram woman rider hit case.
Covered enough hit and run cases over the last two decades, to know arrest is usually delayed by 48 hrs so alcohol can leave the body, and milder charges filed.
Fortunately in this case, an attempt to murder charge has been brought.
Shocking Victim Shaming by Naveen Bainsla, lawyer of Kalyan Bainsla, the man who rammed his car into a female biker, unable to answer my most basic question- if his client/"brother" is “innocent” as is being claimed by them; why did Kalyan flee the scene of the crime ? Nor could he explain why Kalyan tried to flee from police custody a second time , before being arrested in Rajasthan and charged with attempted murder
If this is how lawyers talk no wonder that women think 100 times before filing FIRs and fighting legally. Simply appalling.
Full coverage @themojostory- and my full grilling interview of the lawyer here https://t.co/VlOD2ncex0
सबसे भीतरी लेन से ये हत्यारी मानसिकता का इगोटिस्ट लौंडा सबसे बाहरी लेन में जा रही लड़की को केवल और केवल धक्का मारने के लिए ही आया था। अब भोला बन रहा है। ऐसे लोगों का उदाहरण बनाया जाना चाहिए।
To hell with Make in India. @cbic_india
307 kg single shipment of high-value leather goods, manufactured by us for one of the largest financial institutions in the world, was held at Kolkata customs for physical inspection.
They physically opened 5 of the 17 cartons to "inspect".
And this is not a one-time instance. I am certain this continues to happen with many exporters. Chemicals, pharma, textiles, etc. Please, please comment if you've been/going through this tunnel as well.
Ours, after all, are simple leather goods. Can Indian customs assure that none of these goods was retained during this "inspection"?
I bring USD to India. Through back-to-back e-commerce orders and customised high-value shipments. We aspire to compete with Montblanc and Cartier. How do we do that when our consignments are held up for days at Indian customs during exports (even barring this particular 307 kg shipment)?
I am happy to share the SB no. with the relevant authorities.
Kalyan Bainsla has been arrested.
He was not arrested for 48 hours, ( first the Sunday passed, then yesterday was allowed to pass) , so that alcohol test doesn't go against him.
The guy gave the interview to TV channels yesterday.
If they wanted they had him.
But 48 hours gap, alcohol free test.
Less serious sections.
The footpath near my society at Koramangala has been broken since years!
I complained to BBMP, sent email to GBA, raised ticket and chatted with their WA helpline but got no response.
Finally, decided to fix it myself.
It costed me Rs. 2700 including labor charges and the cement to build a ramp.
Parents with stroller and senior citizens on wheelchair can use it conveniently now.
#WATCH | Delhi: Gurugram's Golf Course accident case | Victim Sia says, "I have injuries on my knees. I am grateful to God that I was wearing my riding shoes and riding gloves. If I hadn't been wearing my riding shoes and gloves, the impact on my hand could have even broken my shoulder. My leg could have been broken too..."
She adds, "This incident has been unfolding since yesterday. He hit someone, left them on the road to die, and drove off; yet, he is still roaming around freely. He’s giving soundbites to news reporters and presenting his side of the story. How is he getting so much time? Why isn't the police arresting him? I even included the vehicle's number in my caption, and despite that, the police still haven't managed to arrest him. This shows negligence on the part of the department..."
ತಿ. ನರಸೀಪುರದಲ್ಲಿ ಗಣೇಶೋತ್ಸವ ಆಚರಣೆಗೆ ಸಂಬಂಧಿಸಿದಂತೆ ತಿ. ನರಸೀಪುರ ಠಾಣೆಯ ಪೊಲೀಸ್ ಇನ್ಸ್ಪೆಕ್ಟರ್ ಧನಂಜಯ ಅವರು ಗಣೇಶೋತ್ಸವ ಆಚರಣೆಗೆ ತೀವ್ರ ಷರತ್ತು ಹಾಗೂ ನಿಬಂಧನೆಗಳನ್ನು ಹಾಕುವುದರ ಜೊತೆಗೆ ಯುವಕರಿಗೆ ಬೆದರಿಕೆ ಹಾಕಿರುವುದನ್ನು ಖಂಡಿಸಿ, ಅವರನ್ನು ರಾಜ್ಯ ಸರ್ಕಾರ ಅಮಾನತುಗೊಳಿಸುವಂತೆ ಮಾನ್ಯ ವಿರೋಧ ಪಕ್ಷದ ನಾಯಕರಾದ ಶ್ರೀ ಆರ್ ಅಶೋಕ್ ಅವರ ನೇತೃತ್ವದಲ್ಲಿ ನಡೆದ ಪ್ರತಿಭಟನೆಯಲ್ಲಿ ಭಾಗವಹಿಸಲಾಯಿತು.
ಈ ಸಂದರ್ಭದಲ್ಲಿ ಮಾಜಿ ಸಂಸದರಾದ ಶ್ರೀ ಪ್ರತಾಪ್ ಸಿಂಹ ಅವರು, ಶಾಸಕರಾದ ಶ್ರೀವತ್ಸ ಅವರು, ಮೈಸೂರು ಗ್ರಾಮಾಂತರ ಜಿಲ್ಲೆಯ ಬಿಜೆಪಿ ಅಧ್ಯಕ್ಷರಾದ ಶ್ರೀ ಸುಬ್ಬಣ್ಣ, ಮೈಸೂರು ನಗರ ಬಿಜೆಪಿ ಅಧ್ಯಕ್ಷರಾದ ಶ್ರೀ ಎಲ್.ನಾಗೇಂದ್ರ ಅವರು ಸೇರಿದಂತೆ ಪಕ್ಷದ ಸ್ಥಳೀಯ ಮುಖಂಡರು, ಕಾರ್ಯಕರ್ತರು ಹಾಗೂ ಹಿಂದೂ ಪರ ಸಂಘಟನೆಗಳ ಮುಖಂಡರು ಹಾಗೂ ಕಾರ್ಯಕರ್ತರು ಉಪಸ್ಥಿತರಿದ್ದರು.
Participated in a protest led by the Hon’ble Leader of the Opposition, Shri R. Ashoka, condemning the stringent conditions and restrictions imposed by T. Narasipura Police Station Inspector Dhananjaya on Ganeshotsava celebrations, as well as the alleged threats issued to youth.
The protest demanded that the State Government take appropriate action, including the suspension of the Inspector.
The protest was attended by former MP Shri Pratap Simha, MLA Sri Srivatsa, Mysuru Rural District BJP President Shri Subbanna, Mysuru City BJP President Shri L. Nagendra, along with local party leaders, workers, and leaders and members of Hindu organisations.
#Ganeshotsava #GaneshaUtsava #YKCW #YaduveerWadiyar #MysuruKodaguMP
@krishnabgowda@ICCCBengaluru Please check Kasturi nagar / banaswadi area too, its impossible to walk, and the situation has been the same for 3 years i have been here. The photos are from the main road which has thirdwave, sendoor cafe etc ( mentioning them as landmarks, not problems, just to be clear)