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'Dubious claims': Congress' Jairam Ramesh hits back at Nirmala Sitharaman on taxation bill
Jairam Ramesh countered Nirmala Sitharaman's claims regarding a new taxation bill. He stated government assurances do not replace statutory safeguards for UPI. Ramesh argued that MDR charges would inevitably affect consumers and small businesses. He questioned why RBI's capacity to support UPI without charges is ignored. The bill removes zero-MDR guarantees, raising concerns about foreign platform dominance.
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economictimes.indiatimes.com
MDR on UPI will hit businesses, not users: FM Nirmala Sitharaman hits back at Congress' Jairam Ramesh - The Economic Times
Sitharaman accused the opposition leader of "spreading a canard" and clarified that MDR "applies only on the merchants and not on the end users/customers," adding that the revenue…
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timesofindia.indiatimes.com
Will you have to pay to use UPI? FM Sitharaman clarifies who bears MDR
