00:00The political showdown over UPI MDR charge has intensified amid criticism from the opposition, the BJP has hit back.
00:07The BJP has accused the Congress of hypocrisy, pointing out that the Parliamentary Standing Committee on Finance
00:12had pressed for early implementation of the tiered MDR framework for high-value UPI transactions.
00:18The BJP claims that five Congress MPs, including Chidam Ram and Manish Tiwadi, recorded no dissent when the report was
00:25adopted.
00:26And in asking why Rahul Gandhi is now opposing the move that his own party MPs did not object to
00:31in the Parliamentary Panel meeting.
00:33Now, this comes in response to Rahul Gandhi and the Congress calling the fee Modi tax, claiming the government has
00:40imposed UPI charge under US pressure.
00:44Meanwhile, Neeti Aayog Vice Chairman Ashok Kumar Lahiri has backed government's decision, asking who will pay for the costs incurred
00:52in running UPI.
00:53The Neeti Aayog VC says the government cannot keep subsidising everything and that businesses should bear a modest transaction cost.
01:04As for the EU, there will be a lot of value in the EU that has created a зар-sirpanic
01:05deal with the BEFAD.
01:06If you pay for the EU, there will be less than 2-2-0-RUPDI, we will not give it
01:11to thealia.
01:14There's a lot of value in the EU.
01:18The EU is not the problem in this situation.
01:18Every man, he will think that we don't need a income to get in the EU.
01:24So, how can we get out of this situation?
01:25We have to charge each other, so we don't have to charge so much in the market.
01:30First, there is no charge of money from person to person.
01:37After that, there will not be charge of individual consumers until you don't cross a ceiling.
01:51We don't have to charge this UPI system.
01:57We don't appreciate it properly.
02:06The charges of the people of the people of India should not be charged.
02:11We don't have to charge this to the government of India.
02:13The transaction which was not at all taxed is now going to get taxed if it's above Rp2,000.
02:20This will only lead to a creeping taxation policy because once the bureaucracy has got its toe into the door,
02:33it's only a matter of time before they step in fully and start imposing tax on all transactions.
02:42We don't have to charge this to the government of India.
02:44After selling price, this will be on the merchant.
02:50If we buy the money of the government, we don't have to charge this to the government.
02:56We don't have to charge this to the government.
02:59We don't have to charge this to the government.
03:04We don't have to charge this to the government.
03:06The amount of tax is in the government,
03:07which will not be charge of the PAYMENTS where the PAYMENTS,
03:11which is the total $1,000,000 to $4,000,000.
03:27So while short term
03:29we are looking at an additional charge
03:31on a very small percentage of transactions
03:34but long term
03:36if the UPI adoption is increasing
03:38and more people will pay for the UPI
03:41and more merchants will accept the UPI
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