UPI payments will not attract any tax or transaction charge: FM Sitharaman
Finance Minister Nirmala Sitharaman has clarified that UPI payments will not be subject to any new taxes or transaction charges. This statement aims to dispel rumors and reassure the public regarding the cost-free nature of digital transactions in India.
Why it matters
UPI is a critical component of India's digital economy, and public confidence in its cost structure is vital for continued adoption.
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