Political Row Erupts Over New UPI Rule as Opposition and Centre Clash Over MDR Charges
A new Unified Payments Interface (UPI) notification has sparked a political clash between the central government and the opposition over the digital payments ecosystem. The opposition has criticised the 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions exceeding 2,000 rupees, alleging that citizens are being taxed for adopting cashless payments and accusing the government of giving in to external pressure. In response, the ruling party maintains that person-to-person UPI transactions remain completely free and that the common man will not face any additional financial burden.
