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Sanju Verma Profile picture
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2 Aug, 5 tweets, 4 min read
What is #eRUPI?

eRUPI is a gamechanger by @narendramodi,showing his commitment to last mile delivery with zero tolerance for corruption

#eRUPI is a non-cash&contactless tool for digital payments;It acts as a voucher,based on QR code or SMS &is sent to beneficiary’s mobile phone
#MudraBank #eRUPI digitally connects service initiators with beneficiaries,sans physical interface

It also ensures payment is made to service provider only after transaction is completed

eRUPI is prepaid in nature,with timely payment to service provider without any intermediary
eRUPI’s single payment mechanism will allow users to redeem coupons at service providers without a card, digital payment application,or access to online banking

#eRUPI is developed by National Payments Corporation of India, #NPCI,on its UPI platform&will enhance #Digitisation💪
NPCI developed #eRUPI in cooperation with Ministry of Financial Services,Ministry of Health &Family Welfare&National Health Service

eRUPI is revolutionary as it will ensure that welfare services are leak free,something that #JAMTrinity under @narendramodi govt,is facilitating💪
eRUPI can also be used to provide services under Maternal&Child Benefit Plan,Tuberculosis Eradication Plan,the Support Plan for medicine&nutrition under Medication&Diagnosis Plan schemes like #AyushmanBharat, Fertilizer Subsidies&other programs

NPCI to launch eRUPI website soon

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More from @Sanju_Verma_

Sanju Verma Profile picture
31 Jul
8.9% YoY #CoreSector growth in June 2021,rise in Exports by 48.34% in June,with #ServicesExports rising from $17bn in 2001 to $205 bn in 2021,under @narendramodi govt,V shaped recovery,is gaining traction

India's IT sector recruited 69132 people in 1QFY22

My thread on #Economy
Almost every month,over 2.5 billion transactions are done in India,via #UPI,worth Rs 5 lakh Cr+

#eRUPI,developed by NPCI under aegis of @narendramodi govt,will now add to #DigitalTransformation

#DigitalEconomy set to be a Trillion Dollar one,by 2025-26,thx to cashless payments Image
#GST Revenue at 1.16 lakh Cr in July'21 bodes well

Since Oct 2020,#GSTRevenue has been over Rs 1 lakh Cr every single month,barring June,when it dipped to 92849Cr

Biggest drop in contribution is from #Maharashtra,due to continued uptrend in #Covid,thx to inept @CMOMaharashtra👎
Read 6 tweets
Sanju Verma Profile picture
5 Jul
Why is #HathrasLobby,upset about #StanSwamy?

Special Judge of NIA Court DE Kothalikar rejected Bail plea of Stan Swamy,who had links with banned #Maoist Organisation

Why is dimwit @RahulGandhi upset at death of Stan Swamy,who wanted to Murder Democracy?

m.timesofindia.com/india/stan-swa…
@INCIndia,#RahulGandhi,his acolytes& #KhanMarketGang need to explain,why so much love for hardcore #Maoist,Stan Swamy,who wanted to overthrow democratically elected govt of the day in India?

#StanSwamy took money from Comrade Mohan for conspiring to act against the Indian State
Case was registered vide FIR No 04/2018 dated 08.01.2018 at PS Vishrambaug,Pune,Maharashtra regarding inciting people&giving provocative speeches during #ElgarParishad organized by activists of #KabirKalaManch on 31.12.2017 at Shanivarwada,Pune

#StanSwamy,lobby,misguiding people
Read 18 tweets
Sanju Verma Profile picture
3 Jul
As part of #Rafale deal,#Dassault investing around €100 million in JV with #RelianceDefence (RD),as part of Offset obligations,which is less than 3% of total #Offset obligations

RD,not getting US$20 billion or even US$4 billion as liar Rahul Gandhi claimed,but less than $120mn
Reliance Defence,was formed after purchase of #PipavavDefence,which was in business of building warships &other vessels for Indian navy for years

So Reliance Defence,not a new company,as alleged by #Congress troll #RahulGandhi&his foolhardy acolytes
#Rafale deal,completely clean
During earlier round of bidding for #MMRCA,under @INCIndia led #UPA govt,#Dassault tied up with Reliance Aerospace,which was newly formed company,without any experience in defence or aircraft business

So it is not @narendramodi govt but #Congress that has lot to explain

#Rafale
Read 8 tweets
Sanju Verma Profile picture
30 Jun
Rural Broadband project, #BharatNet,rolled out by @narendramodi govt,to be implemented via PPP model,will ensure,every inhabited village in 16 States will have Optical Fibre Connectivity,with overall cost at 19041 Cr

3.61 lakh villages will get broadband,OTT&Multi media Services Image
On economic front,good news is,for FY21,India saw Current Account Surplus (CAS) of 0.9% of GDP,versus Current Account Deficit (CAD) of 0.9% in FY20

Under inept #Congress,#CAD rose to 6.8% in 2013 but it has been less than 2% in last 7yrs,under @narendramodi govt,which bodes well
Just look at the kind of transformative work being done by @narendramodi &his team

PM Matsya Sampada Yojana to boost #Pisciculture,with a Rs 20000 Cr corpus &subsidy in the range of 40%-60%,is a huge boost to agri&allied services sector

#Modinomics #PMModi #ModiHaiTohMumkinHai Image
Read 9 tweets
Sanju Verma Profile picture
30 Jun
GST is Destination based tax,levied at place of Consumption&not place of Origin

Sugar,Edible Oils,Tea,Coffee(not instant),taxed at 5%&milk 0%

Average fall in tax rate is 43%+, across array of items,in last 4yrs,thx to #OneNationOneTax executed by @narendramodi govt

My thread👇
#GST is value added tax&less inflationary;GST rate is multiplied by total pre-tax cost

In case of zero-rated supplies,retail sale is not taxed&firms claim credits for GST paid on inputs

GST was first implemented in 1954& it took a @narendramodi to have it implemented in India💪
Since Oct 2020,till May 2021,GST Collections have been in excess of Rs 1 lakh Cr,for 8 months in a row, endorsing uptick in economic activity

One Nation One Tax has reduced number of submissions from over 495,to barely 12,ensuring Ease in Tax filing
#4yearsofGST #OneNationOneTax Image
Read 4 tweets
Sanju Verma Profile picture
23 Jun
Of Rs 18170 Cr worth of assets attached,Rs 9371Cr will be transferred to PSBs

This is a huge achievement,thx to Fugitive Economic Offenders Act,brought in by @narendramodi that gives banks power to monetise assets of fugitives,who fled India

#VijayMallya #NiravModi #MehulChoksi
.@INCIndia used to evergreen bad loans which means,once a loan came up for repayment,terms of repayment were changed repeatedly, due to which repayment kept getting postponed

This happened with full blessings of @PChidambaram_IN&Co

#ZombieLoans by Congress wrecked India's banks
Zombies are firms with interest coverage ratio of less than one;it is ratio of a firm’s profit after tax to its total interest expense;Such firms cannot meet interest obligations from their income

Share of #ZombieLoans rose from 5% in 2007 to 27% in 2014,under corrupt #Congress
Read 4 tweets

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