{
  "id": 228250,
  "title": "Lok Sabha Passes Taxation Laws Amendment Bill, Clearing Path To Levy MDR On UPI Payments",
  "url": "https://urgent.news/2026/08/06/lok-sabha-passes-taxation-laws-amendment-bill-clearing-path-to-levy",
  "topic": "world",
  "section": "World",
  "published": "2026-08-06T15:35:05.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/lok-sabha-passes-taxation-laws-amendment-bill-clearing-path-to-levy-mdr-on-upi-payments/"
  },
  "original_language": "en",
  "account": "The Lok Sabha approved the Taxation and Other Laws (Amendment) Bill, 2026 on Thursday, paving the way for the central government to impose merchant discount rates (MDR) on UPI transactions. Finance Minister Nirmala Sitharaman introduced the bill, which will be presented in the Rajya Sabha. Sitharaman stated that MDR will only affect merchants, not end-users, and will benefit banks and fintech companies by enabling them to invest in infrastructure, innovation, and security. The NPCI's UPI and Services Steering Committee will decide on the MDR after the bill passes. RBI Governor Sanjay Malhotra noted that consumers will ultimately bear the cost of transactions. The Confederation of All India Traders (CAIT) has backed a nominal MDR on higher-value UPI transactions above ₹2,000 to businesses, while regular peer-to-peer (P2P) transactions are expected to remain exempt. UPI transactions grew by 4% monthly in July to 23.66 billion, with a 3% increase in transaction value to ₹29.88 lakh crore.",
  "summary": "The Lok Sabha on Thursday (August 6) passed the bill amending the Taxation and Other Laws (Amendment) Bill, 2026, to…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}