LocalCircles Impact: Government removes MDR charges for large merchants

We are pleased to share with you that the announcement made by the Government in Budget July 2019 to make it mandatory for businesses with turn over above 50 crores to accept UPI and Rupay modes of digital payments. Also, the MDR charges for both these digital payments have been brought to zero so the merchant cannot refuse digital payments from consumers nor can they pass on the processing charges to them. the link below has the additional information:

No MDR on UPI and Rupay

For those of you have been in the circle for long, know that since Nov 2016 i.e.demonetisation, LocalCircles has been actively taking up the cost of excessive transaction charges for card transactions and been pushing the Government to get the MDR fee eliminated so the merchants don't push consumers to get cash for their purchase/services.

Also, we hope that in the near future the Government will also include businesses above annual turn over of INR 1 Crore to accept UPI and Rupay digital payments. You are welcome to share your inputs and experiences! more  

View all 209 comments Below 209 comments
Unless Cash is restricted to 200 and 2,000 NO USE OF Even Triple Trillion BUDGET more  
It may be both the sides to insist for cash. Cash accepting establishment must register online the cash transactions with necessary details. That means cash / card purchase/ transaction must be made online verifiable. more  
I a. regular sufferer while booking ticket through IRCTC. I endorse all the points raised by Mr. V. Shankar narayanan. And on getting the ticket booked, I have not to only read the slogans of LIC, but also to type these slogans whereas I feel it to be a cheating company. more  
It is unfortunate that in spite of government's sops, still charges are being levied on customers and the merchants for digital payments. To cite examples, though Rs.5/- discount was offered digital payment for booking refill cylinders, but while making actual digital payment, levy of 1% was charged nullifying the discount, defeating the very purpose of making cashless economy. In the last 2 months, I noticed no discount was offered but one is not able to make digital payment as error occurs immediately you press the button for online payment.

Secondly, if recharge is to be done for IRCTC ewallet, 2% levy is charged even for unreserved ticketing for local trains travel. Coming to booking tickets through IRCTC site, passenger has to pay Rs. 35.40 as convenience fees besides respective bank charges ranging from Rs. 11.40 to certain percentage of ticket cost.

From the above, it looks like that government is busy in announcing various schemes or policies but it is not monitering whether they are followed or implemented. Government must address this issue on top priority. more  
La.. La.. It ONLY SPELLS ONE WORD - TRANSPARENCY!!! ๐Ÿ˜ธ

Which means.. The big cats are liable to pay taxes๐Ÿ˜ผ

Revenue to the govt thru MDR CHARGES.. WHATEVER THAT MDR IS FOREGONE BUT I GUESS THE GOVT WILL EARN A LOT MORE THRU TRANSPARENCY OF SALES REVENUE!

AB THO, FOR EVERY 10 TRANSACTIONS ONLY AT MAX 5 ARE SHOWN IN BOOKS
AND TAXES PAID IS ACTUALLY ONLY AT MAX 50% OF ACTUAL TAXES LIABLE!!

SO WITH THE F**KING TRANSPARENCY IN PLACE.. THIS AT MAX NUMBER IS BOUND TO GO UP & UP๐Ÿ˜ธ

๐Ÿ˜ธ๐Ÿ˜ผ๐Ÿ˜ธ๐Ÿ˜บ๐Ÿ˜ธ๐Ÿ˜บ๐Ÿ˜ธ๐Ÿ˜บ๐Ÿ˜ธ๐Ÿ˜บ๐Ÿ˜ธ๐Ÿ˜บ๐Ÿ˜ธ๐Ÿ˜บ๐Ÿ˜ธ๐Ÿ˜บ๐Ÿ˜ธ more  
Post a Comment

Related Posts

    • VIRUS AND ANIMAL MEAT :

      Coronaviruses originate in animals — like camels, civets and bats — and are usually not transmissible to humans. There have been other ones originating from other animals and birds also...

      By Jayakumar Daniel
      /
    • Pricing of Medical Devices - Way Forward

      Many of you who have been in the circle since 2017 know that LocalCircles has been instrumental in escalating the issue or price capping so medical devices become affordable for the common citizen ...

      By LocalCircles Manager
      /
    • Citizen and Business pulse on Coronavirus

      Many of you over the course of last 30 days have written about Coronavirus including issues, concerns and solutions and participated in the recent circle survey on the subject. Below is the full re...

      By LocalCircles Manager
      /
    • BAn Animal Slaughter

      Both SARS and Coronavirus pandemics have been found to be directly linked to slaughtering of animals. Coronavirus originated from Wuhan animal market where bats, dogs, snakes are all slaughtered. L...

      By Amod Agarwal
      /
    • Preventing Spread of Coronavirus: Govt actions needed

      Coronavirus has claimed 131 lives in China so far and is slowly spreading within and outside China. India has quarantined less than 10 individuals so far for further testing. As we look at the pote...

      By LocalCircles Manager
      /
    • Vodafone bankruptcy should require consumer compensation

      Vodafone Idea will go bankrupt soon as they owe 40000 crores to Govt. Vodafone should not be allowed to go bankrupt like this. Why did they take this liability If they knew they did not have the wh...

      By Sudesh Rai
      /
    • Coronavirus and India advantage

      Excellent info being shared in circles on Coronavirus. The one on where to sit in plane was very helpful. While those traveling out of India and all the trade still has risk the good ne...

      By Harsimran Kaur
      /
    • Electric Vehicles: How should India proceed

      Many of you participated in the Electric Vehicles survey in the circle last week. Below is the full survey report: Will India mo...

      By LocalCircles Manager
      /
    • Delhi Election results show local governance matters

      Over 50,000 members of the Delhi circle participated in one or more polls to evaluate 5 years of Delhi Government performance last month with 49% rating it as meeting or exceeding expectations whil...

      By LocalCircles Manager
      /
    • Coronavirus China Death Count may be much higher

      The official coronavirus death toll in China is a little over 800. But an exiled Chinese businessman says crematoriums are leaking the real figure. A billionaire whistleblower alleges Wuhan has cre...

      By Sridhar Mohan
      /
    • Coronavirus Impact on Travel

      Coronavirus will massively impact travel in the next few months. Look at the video from singapore airport from yesterday. This airport is so vibrant full of people usually as its a major hub of asi...

      By Mala Sehgal
      /
Share
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)