Indian Economy: News and Discussion

Anupu

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FalconSlayers

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another_armchair

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Another Pajeet republic masterstroke
Looks like a move to boost toplines of banks as its being reported that other peer to peer UPI transactions will also come under charges at a later date. Rising rates will shrink their margins and hit profitability.

HDFC Bank had been demanding charges on UPI for a few years.

A plus for card companies too.

STT on option selling was recently raised from 0.05% to 0.062%.

HNI option writers have a hit rate of more than 90% and they adjust their annual profits towards end of the year by buying out of the money options through a nexus of brokers and launder it.

It would be fuckin criminal to charge P2P UPI transactions while keeping STT criminally low to benefit HNIs and fund managers.

Public ko looto bas..
 
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prasadr14

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PAN, Aadhaar linking deadline extended to June 30.

When will they start linking property with Pan and Aadhaar? Oh wait... guess never.
I like how the word 'never' has been used in last 9 years.
best 'never' ever was by Kashmiri parties who laughed and said 'never' and then we know what happened.
 

FalconSlayers

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I like how the word 'never' has been used in last 9 years.
best 'never' ever was by Kashmiri parties who laughed and said 'never' and then we know what happened.
Because Modi had balls to control J&K because he knew its not a votebank at all and is highly militarised. But CAA-NRC-UCC-NPR and Farm laws were all directly affecting his core voterbase (positively) in India but some Abdools and Khalis on streets made him bend down in front of them. So your assessment is wrong.

He should've been actually behaving like a semi-dictatorship for his absolute majority in the parliament but he's been behaving as if he's in a coalition.
 

jai jaganath

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I like how the word 'never' has been used in last 9 years.
best 'never' ever was by Kashmiri parties who laughed and said 'never' and then we know what happened.
U can't compare kashmir to national issues
There u don't have the complexities involved in mainland
If he really has guts let him implement nrc caa farmers law changes in labour law and land acquisition
Then we can talk
 

prasadr14

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U can't compare kashmir to national issues
There u don't have the complexities involved in mainland
If he really has guts let him implement nrc caa farmers law changes in labour law and land acquisition
Then we can talk
If you think guts is even in the equation, then I think you are way off in the assessment.
 

sauntheninja

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Looks like a move to boost toplines of banks as its being reported that other peer to peer UPI transactions will also come under charges at a later date. Rising rates will shrink their margins and hit profitability.

HDFC Bank had been demanding charges on UPI for a few years.

A plus for card companies too.

STT on option selling was recently raised from 0.05% to 0.062%.

HNI option writers have a hit rate of more than 90% and they adjust their annual profits towards end of the year by buying out of the money options through a nexus of brokers and launder it.

It would be fuckin criminal to charge P2P UPI transactions while keeping STT criminally low to benefit HNIs and fund managers.

Public ko looto bas..
Nirmala Tai a few months ago has said UPI will always be free guess will need to start carrying some cash now
 

another_armchair

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Who is “they” being referred to here?
The same folks who enforced linking Aadhaar with Bank account & Pan Card, Aadhaar with Pan Card & Aadhaar with ration distribution.

Also Aadhaar & bank account linked DBT.
 
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another_armchair

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Nirmala Tai a few months ago has said UPI will always be free guess will need to start carrying some cash now
Hopefully someone in FinMin cracks the whip and ensures there is a ceiling amount till which all UPI transactions are free.

They could have pushed the legislation through in the Finance bill that was passed a few days back if they were serious about keeping UPI free.

Lets see where this ends up.
 

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