Consumers won’t pay UPI charge, says FM Sitharaman as Parliament clears tax Bill
Parliament's Taxation and Other Laws (Amendment) Bill, 2026 passed without any UPI transaction charge for consumers. Union Finance Minister Nirmala Sitharaman clarified during a voice vote in the Rajya Sabha that the legislation would not impose any transaction charges on UPI payments for consumers or small merchants. She stated that the Merchant Discount Rate (MDR) framework is yet to be finalized.
The opposition raised concerns about a Ram temple donation theft and police action on protesters, but they walked out of the House during the discussion. The Bill also aims to admit electronic and digital banking records as evidence in legal proceedings, updating the law governing the use of bankers' books as admissible, valid, and legally enforceable evidence.
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