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This month Bhagwan Krishna is asking us to do 5 Kanyadaan Please support Target Rs 250,000 Raised Rs 14,500 so far UPI in the thread

51,026 views • 7 months ago •via X (Twitter)

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The United States Govt has also complained about UPI and RuPay cards affecting the business of American Visa and Mastercard in India, which charge a transaction fee of 1-1.5%. Is this also a reason that the Modi Govt has decided to impose a transaction fee on the free UPI transactions, in order to cater to these demands? The surreptitious change in law appears to suggest so. NPCI IS IN PROFIT, THEN WHY IMPOSE A UPI TRANSACTION TAX? ● NPCI has shown a pre-tax operating profit of Rs. 1900 Crore. The Modi Govt earned Rs. 1000 Crore in tax from NPCI last year. In addition, NPCI’s balance sheet has Rs. 6119 Crore in hard cash. ● What then is the justification for changing the law and imposing a UPI transaction tax, except for foreign pressure at the cost of ordinary Indians? MODI GOVT’s & NPCI’s LAME-DUCK EXPLANATION OF INABILITY TO SUBSIDISE FREE UPI TRANSACTIONS IS A HOAX ● The lame-duck explanation of free UPI transactions and security protocols requiring Rs. 20,000 Crore annually as a reason for imposing a UPI transaction tax is not only hollow but exposes the malintent of the BJP Govt. ● Let us juxtapose this farcical argument with the profit of PSU banks in 2025-26, which was Rs. 2 Lakh Crore (PIB Press Release Dated 29th May 2026). ● RBI also transferred surplus funds to the Modi Govt to the extent of Rs. 2.86 Lakh Crores for the year 2025-26. ● Even leaving this aside, PSUs/Private Banks earned Rs. 57,259 Crores only by way of Minimum Amount Penalty, Debit Card charges & Account Maintenance fees as per a Rajya Sabha reply dated 28th July 2026. ● Also, NPCI has a pretax operating profit of Rs. 1900 Crores and hard cash reserves of Rs. 6000 Crores. So this demolishes the entire Subsidy Argument being given as an excuse for imposing UPI Transaction Tax.The hoax is writ large. NATION DEMANDS ANSWERS!

Randeep Singh Surjewala

15,232 views • 3 days ago