‘Why Is Rahul Opposing?’ Govt Functionary Says Chidambaram, 4 Other Congress MPs Backed UPI Revenue Framework
The committee warned that zero MDR leaves a ₹20,700 crore cost gap and said UPI needs a tiered revenue model to stay financially sustainable.
- On Wednesday, the government questioned Congress leader Rahul Gandhi's criticism of new UPI merchant payment fees above ₹2,000, citing prior support from a parliamentary standing committee.
- The Parliamentary Standing Committee on Finance had recommended a tiered Merchant Discount Rate framework for the Unified Payments Interface, urging immediate notification and operationalization to ensure financial sustainability.
- Five Congress MPs, including former Finance Minister P. Chidambaram and Manish Tewari, attended the August 12 meeting where the report was adopted with no dissent recorded in published minutes.
- The committee expressed concern over a mismatch between the ₹2,000-crore budget allocation and the industry's estimated ₹20,700-crore operational cost, warning that inadequate subsidies threaten cybersecurity and network infrastructure investments.
- Reacting to the fee implementation, Gandhi alleged that Prime Minister Narendra Modi decided to "prostrate" before U.S. President Donald Trump, claiming the decision transfers significant funds to America.
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‘Why is Rahul opposing?’ Govt functionary says Chidambaram, 4 other Congress MPs backed UPI revenue framework
The functionary said five Congress MPs — P Chidambaram, Manish Tewari, Gaurav Gogoi, Kishori Lal and K Gopinath — were present when the panel adopted its report
Government functionary questions Rahul's criticism of UPI charges, says Congress MPs in panel gave nod
Why is Rahul Gandhi opposing something his own MPs, including former finance minister P.Chidambaram and former minister in the UPA government Manish Tewari supported within the parliamentary panel, says a senior government functionary
Government sources and the BJP have responded to Rahul Gandhi's criticism of the decision to impose a fee on UPI payments over ₹2,000. Government sources say the Parliamentary Standing Committee on Finance recommended implementing the MDR system in a phased manner, and Congress MPs present at the committee meeting did not oppose it.
UPI Fee Row: 5 Congress MPs, Including P Chidambaram, Supported MDR Framework in Parliament | 🗳️ LatestLY
As Rahul Gandhi criticised the Centre over its decision to "impose" fees on UPI transactions above Rs 2,000, five Congress MPs -- P. Chidambaram, Manish Tewari, Gaurav Gogoi, Kishori Lal and K. Gopinath -- actually supported a tiered Merchant Discount Rate (MDR)/revenue framework for UPI in the Parliament. 🗳️ UPI Fee Row: 5 Congress MPs, Including P Chidambaram, Supported MDR Framework in Parliament.
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