FM Sitharaman rejects UPI charge claims, accuses Jairam Ramesh of spreading ‘canard’

Responding to Ramesh’s allegations, FM Sitharaman clarified that Merchant Discount Rate (MDR) applies only to merchants and not to end users or customers. “Before spreading a canard, Jairam Ramesh, please consider this:Merchant Discount Rate (MDR) applies only on the merchants and not on the end users/customers. All users of UPI will reap the benefits of this investment,” FM Sitharaman stated. FM Sitharaman also criticised the Congress for raising the issue outside Parliament instead of debating it during the legislative process. “All this could have been discussed on the floor of the House if your party engages constructively in Parliament when the Bill was/is tabled,” FM Sitharaman added.