NITI Aayog Vice Chairman Supports 0.4% UPI Merchant Charge
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AI-generated summary of the coverage listed below: NITI Aayog Vice Chairman Ashok Kumar Lahiri defended the government’s decision to impose a 0.4% merchant discount rate on UPI transactions over Rs 2,000, arguing that the system requires sustainable funding. He said the fee would help cover operational costs without burdening ordinary consumers. The move follows criticism from some politicians who view the charge as a new tax on digital payments.
Covered by 3 outlets across the spectrum: 33% left, 0% center, 67% right.
Who is covering this story
- Left-leaning (1): The Federal
- Right-leaning (1): Times Now
Sources
- Assocham backs new UPI framework, says it will boost sustainability — The Federal (left-leaning)
- 'Just As Bee Collects Honey From Flower': NITI Aayog VC Defends Govt On UPI Charges — Times Now (right-leaning)
- Omar Abdullah Ditches Congress Line On 'UPI Charge', Says 'System Not Cheap' — Times Now (right-leaning)