10 August 2026 at 10:18 pm
Summary
Parliament has passed the Taxation and other Laws (Amendment) Bill, with Finance Minister Nirmala Sitharaman confirming that UPI transactions will remain free for consumers. The legislation aims to attract foreign capital and promote domestic manufacturing by removing the linkage between payment systems and income tax, while also providing legal backing for modifying zero-MDR frameworks.
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Nirmala Sitharaman Confirms UPI Payments Will Remain Free for Consumers
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MyGovIndia Debunks Myths: UPI Peer Transfers and Grocery Payments Remain Free
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