BJP Slams Congress Over UPI MDR Charge; Row Erupts Over Proposed Digital Payment Fee
A political confrontation has escalated between the Bharatiya Janata Party and the Congress party over the proposed Merchant Discount Rate (MDR) framework for high-value Unified Payments Interface (UPI) transactions. The BJP accused the Congress of hypocrisy, stating that Congress members on the Parliamentary Standing Committee on Finance, including former Finance Minister P. Chidambaram and Manish Tewari, did not record dissent when tiered MDR implementation was recommended. The Congress had previously termed the proposed charge a 'Modi Tax', alleging government pressure. Meanwhile, experts and stakeholders discussed transaction thresholds, merchant cost bearing, and the long-term sustainability of the digital payments ecosystem.
