FM Sitharaman: UPI MDR to Affect Businesses, Not Users; Rebuts Ramesh

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Finance

7 August 2026 at 7:56 am

FM Sitharaman: UPI MDR to Affect Businesses, Not Users; Rebuts Ramesh

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Summary

FM Nirmala Sitharaman clarified that MDR on UPI transactions will impact businesses, not users, and accused Congress' Jairam Ramesh of spreading misinformation, stating the revenue will support infrastructure and innovation.

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