DelJargon

HEARTBROKEN: a phenomenal actor but most importantly a dear friend, Nana Patekar is no more. Passed away in Goa short while ago. Spoke to him only yesterday. His last words to me: Kaalji Ghe Raja (take care Raja). Will miss you Nana sir on and off screen . You were always there for me, through good times and bad. Om Shanti 🙏🙏🙏

Speculation and claims that the MDR will be charged on UPI transactions are completely false, baseless, and misleading. Such baseless and sensation-creating speculations cause needless uncertainty, fear and suspicion among our citizens. The Government remains fully committed to promoting digital payments via UPI.

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.

NIFTY is down 3% since the 7.8% GDP data was released. Most of the sessions since then have seen negative close. Why are investors not excited about India's growth?

Retailers 🙃🙃

How about a swimming competition between @KirenRijiju and @RahulGandhi? Not in a pool, but in a river... I'm sure Rijiju ji won't run and will accept the challenge, but I can't say the same about Rahul Gandhi.

ISRO को बंद करने के बाद Space Technology से बनी सड़क का हाल बेहाल👇

Yes this also is the millenium city #Gurugram where streets turn filthy rivers and looking for way ahead is biggest challenge

📢 UGC-NET June 2026 | Important Notice NTA had received several complaints about multiple errors in the papers of English, Commerce and Sociology. NTA formed a committee to enquire into and look into these errors and as per the recommendation of the committee, NTA will re-conduct exams in these subjects to ensure a fair and error-free examination. 🗓️ Re-examination schedule: •English: 9 Sep 2026, Shift 1 •Commerce: 9 Sep 2026, Shift 2 •Sociology: 10 Sep 2026, Shift 1 ✅ No additional fee for these candidates. ✅ Results for the other 84 subjects will be declared as scheduled. ✅ Allocation of seats will not be reduced. Details: ugcnet.nta.nic.in Rely only on official NTA communications. #NTA #UGCNET

This meme will serve us well next season

Forgotten that Neymar had taken the worst penalty in history