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A political row has escalated over the UPI merchant discount rate (MDR) framework, with the BJP targeting Lok Sabha Leader of Opposition Rahul Gandhi. The BJP highlighted that the Parliamentary Standing Committee on Finance that approved the MDR revenue framework included five Congress MPs: P. Chidambaram, Manish Tewari, Gaurav Gogoi, Kishori Lal, and K. Gopinath. All five MPs were present on 12 August when the report was adopted without any recorded dissent in the published minutes. The parliamentary committee had noted that delaying the framework would leave payment service providers reliant on inadequate subsidies, potentially impacting investments in cybersecurity, fraud prevention, and network infrastructure.

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00:00Breaking news coming in at the top of this bulletin, the political war over the UPI merchant fee continues to
00:05escalate
00:06and in the latest, BJP has upped the ante against Lokasawa leader of opposition Rahul Gandhi
00:13saying that the finance panel that approved the MDR framework had five congress entities as well
00:18including Pichu Damram, Manish Tiwari, Gaurav Provaid, Ushourilal and K. Gopinathu were all present
00:24in the 12th of August when the report was adopted and there was no dissent recorded in the published minutes
00:30so therefore the BJP is asking why is Rahul Gandhi opposing something his own MPs
00:35including former finance minister Pichu Damram and former UPM minister Manish Tiwari supported within the parliament
00:41Let me go across to my colleague Piyush joining us with more details
00:44Piyush, a very scathing attack coming from the BJP asking why Rahul Gandhi was silent when his own congress MPs
00:50was supporting or at least not opposing this proposal in the cabinet
00:54Well that's right Ritanshu, you know basically this is about the standing committee report on finance
01:00which was adopted by the entire committee which was basically talking about the MDR revenue framework for UPI
01:07and the report at the time when it was adopted it was also notified that it is very important to
01:14come up with such provisions
01:16and it should be notified and operationalized without any kind of delay
01:20when this report was adopted five congress MPs including Pichu Damram, Manish Tiwari, Gaurav Gogoi, Kishul Daal and K. Kokinath
01:27were present on 12th of August and they had expressed no dissent and this is also recorded in the published
01:37minutes
01:38In fact, the committee had also mentioned that any delay in notifying and operationalizing
01:44this framework leaves payment service providers heavily dependent on inadequate subsidies
01:49thereby threatening critical investments in cyber security, fraud prevention and network infrastructure
01:55Now what is happening when these details have come out, Vidya is asking why is Rahul Gandhi opposing
02:01which his own MPs including Pichu Damram and Manish Tiwari supported who is in the parliament
02:08It remains to be seen how the congress is going to react but yes it's a big fact check coming
02:13to be formed
02:13where these MPs who were part of his standing committee on finance had accepted the recommendations of the committee
02:20they had adopted with his report and they did not accept any kind of dissent
02:25Alright Pichu, thanks a lot for joining us with those details
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