The Indian government has rejected calls to withdraw a new 0.4 percent Merchant Discount Rate on high-value UPI transactions, denying claims of foreign influence.
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Rahul Gandhi
2 quotes“Modi ji, please stop lying down in front of the United States. Have a spine, stand up and take back the UPI tax”
“Modiji has a completely diff concept, he's neither left or right he has decided to completely lie down straight and in front of Donald Trump. He's put a tax on every single Indian person by taxing UPI and giving huge amount op money to the United States”
Ministry of Finance
2 quotes“Some claims suggest the change is due to foreign influence. This is false. India’s UPI policy decisions are made independently”
“Debunking the ‘External Pressure’ Myth: Some claims suggest the change is due to foreign influence. This is false. India’s UPI policy decisions are made independently, with the clear goal of building a self-sustaining, inclusive, and affordable digital payments ecosystem”
Ashok Kumar Lahiri
1 quote“Businesses should bear modest UPI transaction costs, govt cannot subsidise everything”
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Sources2
All filed from IndiaSingle originNamed India · United States · India · Ashok Kumar Lahiri · Congress · Donald Trump · Government of India · Ministry of Finance · Narendra Modi · NITI Aayog · Rahul Gandhi · Standing Committee on Finance · United States
- [1]The Times of Indianeutral'Govt can't subsidise everything': Niti VC's 'bees & honey' defence for UPI charges
- [2]The Times of Indiadefensive'No question of rollback': Govt defends UPI charges, refutes 'external pressure' charge