India TV

Centre rebuts external pressure claims over UPI fee as 'myths', says 0.4% MDR fee won't be revoked

Amid opposition targeting the government for introducing a 0.4 per cent fee on UPI transactions above Rs 2,000, a top official said there is no question of rolling back the decision. When a decision has been taken, the question of its rollback doesn't arise, a government official was quoted as saying by news agency PTI.The opposition has alleged that the government has bowed before American imperialism by introducing the MDR framework for UPI. The move would push up prices of most commodities, the opposition claimed.The BJP hit back, accusing the Congress of spreading fake news and saying that the government had made it absolutely clear that MDR charges would not be levied on consumers.