Lucknow Jan 8 2016: The Bahujan Samaj Party (BSP) on Sunday announced
its final list of candidates for 101 Assembly seats in Uttar Pradesh.
With Sunday’s announcement, the party has so far released list of 401
candidates. Candidates on the remaining two seats in Sonebhadra will
be decided after a decision is made if they are general or reserved for
ST, a release issued by the party said.

BSP has given 87 tickets to SC/STs, 97 to Muslims and 106 to OBCs, according to BSP supremo Mayawati.

Out of 403,
the BSP has announced its 401 candidates for the 2017 assembly polls and
according to Mayawati, the upper caste candidates are still the largest
block of the candidates with 111 tickets given to them.

The party chief is relying on the time-tested formula of a rainbow coalition of Sarvajan Samaj Brahmin SC/STs and Muslims.

The whole country is for Sarvajan Hitay Sarvajan Sukhaya i.e., for
peace, welfare and happiness of the entire society as enshrined in our
constitution and for democracy, equality, liberty and fraternity. They
are not for manuvad which discriminated the society with hate politics.

BSP’s election manifesto is our Modern Constitution unlike the politics
of stealth, shadowy discriminative hindutva cult rashtra that wishes to
install temples and huge for haters murderers like nathuram godse and
the RSSised leaders like Vallababai patel, Shivaji etc. And who have
become looters with DEMONitisation.

Jaitley Another Hidden BURDEN .25% to 1% E-Transaction Cost
January09, 2017 (C) Ravinder Singh progressindia2015@gmail.com

Arun Jaitely is Turning Out to be biggest Tragedy of India.

Every day he keeps People in Dark and Lies to them. I had already
reported cost of E-Transaction shall be huge burden on Poor & Middle
Class – Rich have options of Net Banking.

Banks decided to
charge 0.25% and 1% E-Transaction Cost to pay for additional cost. GoI
& Banks decided to charge it to Petrol Pump owners than Automobile
Owners which was Suicidal in View State Election Comming Up next month.
E-Transaction Cost charged by Banks is Temporarily Withdrawn – but would
be Charged Ultimately to recover cost.

Cashless Idea itself is to Weaken Fight against Difficult To Find Black Money.

In fact when Account Holders were making 1-2 transactions a month
depositing Check and Withdrawing Cash, there may be scores of
transactions every day in certain cases.

Cost of E-Transaction of
Rs.10 for a Tea Cup and Rs.10,000 worth of say Water Purifier is same
therefore had to be Charged to Consumers. PayTM can’t operate free and
not charging for Cost of operations.

Cashless Means HUGE BURDEN on poor –

1. Carry a Smart Mobile with say Rs.5000 Loaded in it for Mobile Banking, Pay for Internet and keep ‘Minimum Balance in It’.

2. There are security features But A Lost Mobile Means Account Holder has to register FIR.

3. Cost of operating could be substantial.

4. BUT THE ROOT CAUSE OF ALL THE PROBLEMS IS ARUN JAITLEY – REDUCING
Deposit & Credit Interest Rates WHICH BENEFIT BIG CREDITORS LIKE
AMBANI & ADANI –

5. Individual Depositor Suffer substantial
LOSS – 25% Income from Interest on Fixed Deposits and who is now
Charged 10% Income Tax By Banks even for those who are not in IT Limit
and have no source of Income like Senior Citizens.

Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, New Delhi-110016, India. Ph; 091- 9871056471, 9718280435, 9650421857
Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation,
Smart Cities, Water, Energy Saving, Agriculture, Manufacturing, Technologies and Projects

Fuel pumps agree to accept cards after late-night deal
1% Transaction Fee on Cards Waived For Now

Through Sunday, the media was buzzing with reports that petrol pumps
would refuse to accept card payments for fuel from Monday. Anxious
consumers, already grappling with a shortage of cash, pointed out that
this would directly clash with the government’s efforts to wean people
off cash and encourage digital payments.

Finally, there was some
relief late on Sunday night after banks agreed to defer their decision
to charge 1% transaction fee on card payments at petrol pumps from
Monday. The move had prompted dealers to say they would stop accepting
plastic money for fuel unless a mechanism to compensate them was also
put in place.

Following the bankers’ decision, petroleum dealers
too put off their decision to stop accepting cards till January 13. The
decision by the banks to defer the fee came after prodding by oil
minister Dharmendra Pradhan during discussions among bankers, dealers
and representatives of state-run fuel retailers. “Banks have agreed to
defer the fee for 4-5 days,“ a senior oil ministry official told TOI,
indicating that a mechanism to compensate dealers would be worked out
during this interval. At the heart of the dispute is the merchant
discount rate (MDR). As in any other card transaction, the bank passes
on the money to the petrol pump owner after deducting fees in the form
of merchant discount rate. The agreement between the bank and the
merchant has a clause that does not allow the merchant to pass on the
charge. But petrol pumps have argued that their margins are not enough
to absorb this charge.

So there has historically So there has
historically been a tacit agreement between banks and petrol pumps
whereby banks charge a lower MDR of 1% and the petrol pumps pass on the
MDR to the customer, calling it a surcharge. The banks would turn a
blind eye to this, but would refund this surcharge to high end
customers.

Following demonetisation, the government said that
petrol pumps would not pass on charges to customers and would in fact
give them a discount. The government also asked banks and payment
companies to waive off charges on debit cards to merchants until
December 31. However, once the December 31deadline lapsed, banks said
MDR could not be zero as this would make electronic payments a
loss-making business for both card issuers and POS installers. Petrol
pumps say they do not have the margins to absorb it.
__._,_.___

Lucknow Jan 8 2016: The Bahujan Samaj Party (BSP) on Sunday announced
its final list of candidates for 101 Assembly seats in Uttar Pradesh.
With Sunday’s announcement, the party has so far released list of 401
candidates. Candidates on the remaining two seats in Sonebhadra will
be decided after a decision is made if they are general or reserved for
ST, a release issued by the party said.

BSP has given 87 tickets to SC/STs, 97 to Muslims and 106 to OBCs, according to BSP supremo Mayawati.

Out of 403,
the BSP has announced its 401 candidates for the 2017 assembly polls and
according to Mayawati, the upper caste candidates are still the largest
block of the candidates with 111 tickets given to them.

The party chief is relying on the time-tested formula of a rainbow coalition of Sarvajan Samaj Brahmin SC/STs and Muslims.

The whole country is for Sarvajan Hitay Sarvajan Sukhaya i.e., for
peace, welfare and happiness of the entire society as enshrined in our
constitution and for democracy, equality, liberty and fraternity. They
are not for manuvad which discriminated the society with hate politics.

BSP’s election manifesto is our Modern Constitution unlike the politics
of stealth, shadowy discriminative hindutva cult rashtra that wishes to
install temples and huge for haters murderers like nathuram godse and
the RSSised leaders like Vallababai patel, Shivaji etc. And who have
become looters with DEMONitisation.

Jaitley Another Hidden BURDEN .25% to 1% E-Transaction Cost
January09, 2017 (C) Ravinder Singh progressindia2015@gmail.com

Arun Jaitely is Turning Out to be biggest Tragedy of India.

Every day he keeps People in Dark and Lies to them. I had already
reported cost of E-Transaction shall be huge burden on Poor & Middle
Class – Rich have options of Net Banking.

Banks decided to
charge 0.25% and 1% E-Transaction Cost to pay for additional cost. GoI
& Banks decided to charge it to Petrol Pump owners than Automobile
Owners which was Suicidal in View State Election Comming Up next month.
E-Transaction Cost charged by Banks is Temporarily Withdrawn – but would
be Charged Ultimately to recover cost.

Cashless Idea itself is to Weaken Fight against Difficult To Find Black Money.

In fact when Account Holders were making 1-2 transactions a month
depositing Check and Withdrawing Cash, there may be scores of
transactions every day in certain cases.

Cost of E-Transaction of
Rs.10 for a Tea Cup and Rs.10,000 worth of say Water Purifier is same
therefore had to be Charged to Consumers. PayTM can’t operate free and
not charging for Cost of operations.

Cashless Means HUGE BURDEN on poor –

1. Carry a Smart Mobile with say Rs.5000 Loaded in it for Mobile Banking, Pay for Internet and keep ‘Minimum Balance in It’.

2. There are security features But A Lost Mobile Means Account Holder has to register FIR.

3. Cost of operating could be substantial.

4. BUT THE ROOT CAUSE OF ALL THE PROBLEMS IS ARUN JAITLEY – REDUCING
Deposit & Credit Interest Rates WHICH BENEFIT BIG CREDITORS LIKE
AMBANI & ADANI –

5. Individual Depositor Suffer substantial
LOSS – 25% Income from Interest on Fixed Deposits and who is now
Charged 10% Income Tax By Banks even for those who are not in IT Limit
and have no source of Income like Senior Citizens.

Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, New Delhi-110016, India. Ph; 091- 9871056471, 9718280435, 9650421857
Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation,
Smart Cities, Water, Energy Saving, Agriculture, Manufacturing, Technologies and Projects

Fuel pumps agree to accept cards after late-night deal
1% Transaction Fee on Cards Waived For Now

Through Sunday, the media was buzzing with reports that petrol pumps
would refuse to accept card payments for fuel from Monday. Anxious
consumers, already grappling with a shortage of cash, pointed out that
this would directly clash with the government’s efforts to wean people
off cash and encourage digital payments.

Finally, there was some
relief late on Sunday night after banks agreed to defer their decision
to charge 1% transaction fee on card payments at petrol pumps from
Monday. The move had prompted dealers to say they would stop accepting
plastic money for fuel unless a mechanism to compensate them was also
put in place.

Following the bankers’ decision, petroleum dealers
too put off their decision to stop accepting cards till January 13. The
decision by the banks to defer the fee came after prodding by oil
minister Dharmendra Pradhan during discussions among bankers, dealers
and representatives of state-run fuel retailers. “Banks have agreed to
defer the fee for 4-5 days,“ a senior oil ministry official told TOI,
indicating that a mechanism to compensate dealers would be worked out
during this interval. At the heart of the dispute is the merchant
discount rate (MDR). As in any other card transaction, the bank passes
on the money to the petrol pump owner after deducting fees in the form
of merchant discount rate. The agreement between the bank and the
merchant has a clause that does not allow the merchant to pass on the
charge. But petrol pumps have argued that their margins are not enough
to absorb this charge.

So there has historically So there has
historically been a tacit agreement between banks and petrol pumps
whereby banks charge a lower MDR of 1% and the petrol pumps pass on the
MDR to the customer, calling it a surcharge. The banks would turn a
blind eye to this, but would refund this surcharge to high end
customers.

Following demonetisation, the government said that
petrol pumps would not pass on charges to customers and would in fact
give them a discount. The government also asked banks and payment
companies to waive off charges on debit cards to merchants until
December 31. However, once the December 31deadline lapsed, banks said
MDR could not be zero as this would make electronic payments a
loss-making business for both card issuers and POS installers. Petrol
pumps say they do not have the margins to absorb it.
__._,_.___