The Economic Times

'Dubious claims': Congress' Jairam Ramesh hits back at Nirmala Sitharaman on taxation bill

Jairam Ramesh countered Nirmala Sitharaman's claims regarding a new taxation bill. He stated government assurances do not replace statutory safeguards for UPI. Ramesh argued that MDR charges would inevitably affect consumers and small businesses. He questioned why RBI's capacity to support UPI without charges is ignored. The bill removes zero-MDR guarantees, raising concerns about foreign platform dominance.