Modi govt surrendering to US: Rahul

In Short

Congress leader Rahul Gandhi alleges that the Modi government's new Merchant Discount Rate on UPI transactions is a surrender to American pressure and will ultimately impact consumers.

Congress leader Rahul Gandhi
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Congress leader Rahul Gandhi

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New Delhi: Congress leader Rahul Gandhi has alleged that the Modi government has quietly paved the way for imposing fees on UPI transactions and that a "compromised" Prime Minister Narendra Modi was "once again surrendering" to American pressure.

The Congress raised questions over the government’s notification on UPI transactions, claiming that the stage is clearly being set for people to pay a fee for such transactions and asking whether this is being done to open digital payments for American firms to “appease” US President Donald Trump.

In a post in Hindi on X on Tuesday, Gandhi alleged that the Modi government has quietly paved the way for imposing fees on UPI. “Now, MDR can be levied on merchant UPI transactions above Rs 2,000.

Even if these transactions account for just 5% of the volume, they make up nearly 65% of UPI’s total transaction value,” Gandhi said. “The government says no fees will be charged to customers. But where will the fees imposed on shopkeepers ultimately come from?

Added to the prices, straight out of the customer’s pocket,” the Leader of Opposition in the Lok Sabha said, adding that American payment companies have long opposed India’s zero-MDR policy.

Now, the Modi government has opened the path to changing the policy in exactly that direction, Gandhi claimed. “Just like with the US Trade Deal, Compromised PM Modi is once again surrendering to American pressure,” the former Congress chief alleged.

The Hans India
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The Hans India

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