‘Modi Ji, Roll It Back Now’: Rahul Invokes Indira Gandhi Over New UPI Payments Charge
Opposition lawmakers say the charge will hit merchants and consumers nationwide, while the finance ministry says customers will not pay fees on UPI transactions.
- On Wednesday, Opposition MPs criticized the government's decision to introduce a 0.4% fee on merchant UPI transfers exceeding $2,000, starting October 15, labeling the move "anti-people."
- The Finance Ministry stated, "Customers will not be required to pay any charge when making such payments through UPI," clarifying the fee is an MDR charge within the merchant ecosystem.
- RSP MP Premchandran raised the issue at a Parliamentary Standing Committee meeting, citing a "sense of outrage" across the country regarding the new transaction charges.
- Chairman Bhartruhari Mahtab noted that MPs raised the issue during the session and indicated the matter may be formally taken up for discussion at the panel's next meeting.
- Separately, Opposition members expressed concerns regarding the government's GDP growth methodology, which recorded 7.8 per cent in the April-June period, with critics alleging "fudging of the data.
27 Articles
27 Articles
Prime Minister has decided to prostrate before Trump: Rahul Gandhi on 'UPI tax'
Rahul Gandhi alleged Prime Minister Narendra Modi would appease US President Donald Trump. He demanded a rollback of the government's decision to levy a fee on UPI payments. The government introduced a fee on transfers exceeding two thousand rupees to merchants. This fee will be effective from October fifteenth, impacting specific transactions. Gandhi urged the Prime Minister to stand firm and withdraw the UPI tax.
Despite Centre's denial, Rahul Gandhi sticks to UPI tax claim, says PM bowed to Trump
Rahul Gandhi demanded an immediate rollback of the new UPI merchant charge framework on Wednesday. The Centre said the MDR is not a tax, will not hit consumers and was decided independently.
Opposition Slams New UPI Charges, Questions GDP Calculation
Opposition MPs have voiced strong criticism against the government's new fee on UPI payments exceeding Rs 2,000 to merchants, calling it 'anti-people' and expressing widespread 'outrage'. The issue was raised in a Parliamentary Standing Committee meeting, where concerns were also flagged regarding the methodology of GDP growth calculation and the government's stance on Virtual Digital Assets.
"Modi Ji, Show Courage, Withdraw the UPI tax..." Rahul Gandhi Attacks the PM, Invoking Trump's Name.
The central government has announced a 0.4 percent charge on UPI payments over ₹2,000, effective October 15th. However, this charge will not be borne by the customer, but by the company or shop. Congress is demanding the withdrawal of this proposed tax.
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