1. House panel chief affirms Congress MPs backed MDR on UPI transactions

House panel chief affirms Congress MPs backed MDR on UPI transactions

India

  • Finance panel chief Bhartruhari Mahtab said Congress MPs’ participation and approval of the MDR report are “on record”.
  • He said Congress MPs Manish Tewari and Pramod Tiwari, along with TMC’s Saugata Roy, took part in deliberations on MDR.
  • The panel backed a tiered MDR framework, citing a funding gap as UPI transactions and users continue to grow.
  • Congress MPs, however, said the panel never discussed the Centre’s specific MDR proposal, including its rate, limits and exemptions.

Source: timesofindia.indiatimes.com

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