{"id":25086,"date":"2026-09-16T18:13:08","date_gmt":"2026-09-16T18:13:08","guid":{"rendered":"https:\/\/koshalsambada.in\/?p=25086"},"modified":"2026-09-16T18:13:08","modified_gmt":"2026-09-16T18:13:08","slug":"upi-charges-row-chidambaram-among-5-congress-mps-who-had-backed-revenue-framework-india-news","status":"publish","type":"post","link":"https:\/\/koshalsambada.in\/?p=25086","title":{"rendered":"UPI charges row: Chidambaram among 5 Congress MPs who had backed revenue framework | India News"},"content":{"rendered":"


\n<\/p>\n

\n
\n
\n
\n
\n
\n
\n
\"UPI<\/div>\n<\/div>\n<\/div>\n
Former finance minister P Chidambaram<\/span><\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n

NEW DELHI: As Rahul Gandhi<\/a> stepped up his criticism of the government over the MDR announcement and demanded its rollback, calling it a \u201cUPI tax\u201d, a Standing Committee on Finance report had earlier emphasised the need for a viable revenue mechanism to ensure the UPI ecosystem remains financially sustainable without placing a perpetual burden on the government exchequer.The report was prepared by a committee that included Congress leaders, including former finance minister P Chidambaram.The Standing Committee on Finance, which includes Congress MPs such as P Chidambaram, Manish Tewari, Gaurav Gogoi, Kishori Lal and K Gopinath, in its report presented to Parliament on August 12 this year, called for a tiered MDR or revenue framework for UPI.The panel also said the framework should be notified and operationalised without delay.In its report, the Committee noted the \u201cmassive Rs. 2000 crore budgetary allocation for 2026-27 designed to offset ecosystem costs caused by the zero-MDR policy on RuPay and low-value UPI transactions\u201d.The Committee observed that while UPI is projected to process up to 150 billion transactions a month and add 600 million new users, the current government incentive covers only 11% of the industry’s actual costs and 14% of potential MDR collections. It said this creates a structural funding gap that could affect long-term investment in infrastructure.\u201cThe Committee would like to emphasize that establishing a viable revenue mechanism is critical to ensuring the UPI ecosystem achieves financial sustainability without perpetually straining the Government exchequer,\u201d the report said, as cited by ANI.\u201cIn the view of the Committee, while statutory enablement now exists to permit calibrated MDR on high-value transactions, any delay in notifying and operationalizing this framework leaves payment service providers heavily dependent on inadequate subsidies, thereby threatening critical investments in cybersecurity, fraud prevention, and network infrastructure,\u201d it added.The report, headed by BJP MP Bhartruhari Mahtab, was adopted by the panel, and no dissent was recorded in the published minutes, officials were quoted as saying by news agency ANI.The development comes as Leader of Opposition in the Lok Sabha Rahul Gandhi on Wednesday attacked Prime Minister Narendra Modi over the Centre\u2019s new Merchant Discount Rate (MDR) framework for Unified Payments Interface (UPI) transactions, accusing the government of yielding to pressure from the United States and urging Modi to \u201chave a spine\u201d.In a video posted on X, Gandhi referred to former Prime Minister Indira Gandhi while comparing her stance with Modi\u2019s approach to the new UPI measures. \u201cIndiraji was once asked whether she leans left or right, and her response was, \u2018I don’t lean left or right. I stand straight\u2019,\u201d Gandhi said.<\/p>\n

\n
\n
\n

Share your thoughts in the comments<\/p>\n<\/div>\n