1% transaction fee: Petrol bunks to stop accepting cards from tonight

January 8, 2017

Jan 8: The petrol bunks across the country will stop accepting debit cards and credit cards for filling fuel from midnight on Sunday as banks will now debit a Merchant Discount Rate of 1 per cent from petroleum dealers, said President of All India Petroleum Dealers Association Ajay Bansal.

cardTalking to reporters after a two-day State-level convention of petroleum dealers here on Sunday, Mr. Bansal said each petroleum dealer was operating with a profit margin of 2 per cent.

On Saturday, banks referred to the Reserve Bank of India notification dated December 16 and said an MDR ranging between between 0.25 and 1 per cent will be deducted for each debit card transaction. An MDR of 1 per cent will be deducted for each credit card transaction.

“We are operating on a very thin margin. We cannot afford this deduction. Hence we have no other go than stop accepting debit and credit cards,” Mr. Bansal said. When pointed that the dealers are going against government directions, Mr. Bansal said they have no other option. Mr. Bansal said the decision to stop accepting debit and credit cards had been conveyed to Petroleum Ministry and Finance Ministry officials, he said.

Paytm and BHIM

Mr. Bansal said petroleum dealers will however accept payments through Paytm and Bhim apps. “But we have to stop accepting Paytm if they impose charge for each transaction,” he said. There are as many as 28,000 petrol bunks where Paytm was being accepted.

Mr. Bansal said the petroleum dealers are in favour of Central Government's move towards cashless transactions. “But we cannot afford to pay from our margin. We want our profit margin (of 2 per cent) intact,” he said.

Comments

Wonder Kotian
 - 
Monday, 9 Jan 2017

Wa master mind success, Fantastic \ cash less is not better than card less\" our great Anna!!!!!
\"While two fighting opponent fall down even he says my noose upside\" like all our great annaas say !!!!!!!
\" Now not wait and see, now wait and watch\""

Althaf
 - 
Sunday, 8 Jan 2017

Fenku ki tho Aisi ki taisi

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News Network
July 4,2020

Bengaluru, Jul 4: A case has been filed against a man who posed himself to be the PMO's National Security Council 'youth advisor' during his visit to Bengaluru.

According to the police, Ankit Dey (22 yrs) who had visited Bengaluru between 16 to 20 June and for his stay at ITC Gardenia, posed himself as a youth advisor to National Security Council at PMO.

As per the information given by the hotel staff, the police department had communicated with the PMO. They got clarification that there is no such person designated in the Prime minister's office. A complaint has been filed in Cubbon Park police station.

"The man found to be 22-year-old as per the identity shown in the hotel, left his visiting cards. Although he did not ask for any discount in the hotel," said Police.

A senior police officer said, "A criminal case has been filed against the accuse 'Ankit Dey' under the section IPC 420 (cheating and dishonesty), 465 (forgery), 468 (forgery for purpose of cheating), 471 (using as a genuine forged document), 417 (cheating).

Police have started its work to find him as per the clues we have got. At this point of time, we can not reveal more details," Officer said. 

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News Network
June 2,2020

Mangaluru, Jun 2: The Karnataka Muzarai department, whose main income comes through temple and other religious places of worship, has incurred a loss of Rs 600 Crore in revenue during the lock-down, Minister for Muzrai Kota Srinivas Poojary said on Monday.

Addressing reporters here, he said the Kollur Sri Mookambika temple alone lost revenue of about Rs 14 crore it was earning during April and May.

Around 300 A and B grade temples under Muzrai (Hindu religious institutions and charitable endowments) department in the State lost around 35 per cent of their annual income, he said.

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News Network
June 12,2020

Bengaluru, Jun 12: The Karnataka government is mulling to issue caste and income certificates to Brahmins though they are in a minority, accounting a mere three per cent of the southern state''s seven crore population, an official said on Thursday.

"Though Brahmins are in a ''minority'' in terms of their population across the state, they need caste and income certificates to benefit from the welfare schemes as in the case of the SC, ST and OBC groups," an official said here.

The Karnataka State Brahmin Development Board was set up in March 2019 as a state-run company with Rs five crore authorized capital and Rs five crore equity and is registered with the Registrar of Companies.

"The Board has petitioned the state government to implement the 10 per cent quota for the economically weaker sections, as its benefit is being given by the central government jobs and in admissions to the national educational institutions," said its chairman H.S. Sachidananda Murthy.

Responding to the demand, state Chief Minister B.S. Yediyurappa said the state government would consider issuing caste certificates to the Brahmins so that they too can benefit from the state''s various welfare schemes.

"Though Brahmins belong to the forward community, they are economically weaker and need financial support," said Yediyurappa on Wednesday after unveiling the Board''s official website for all its stakeholders here.

Brahmins whose gross annual family income is less than Rs eight lakh per annum will be eligible for the benefit schemes.

"The Board will soon be authorised to issue caste and income certificates to the members of the Brahmin community so that they can also benefit from the schemes," said the chief minister on the occasion.

Noting that every community has people who are forward and backward economically for various, including historical reasons, Yediyurappa said the Board would be empowered to serve the Brahmins.

"The Board also proposes to provide interest-free loans to the financially weaker sections of the people in the Brahmin community," added Murthy.

The community members urged the Chief Minister to provide 10 per cent of the state government jobs and seats in state-run educational institutions, including professional collages.

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