{"id":1038880,"date":"2026-09-26T09:15:12","date_gmt":"2026-09-26T03:45:12","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1038880"},"modified":"2026-09-26T09:29:09","modified_gmt":"2026-09-26T03:59:09","slug":"upi-mdr-not-tax-cess-or-surcharge-wont-burden-consumers-says-fm-nirmala-sitaraman","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/09\/26\/upi-mdr-not-tax-cess-or-surcharge-wont-burden-consumers-says-fm-nirmala-sitaraman\/","title":{"rendered":"UPI MDR not tax, cess or surcharge; won\u2019t burden consumers, says FM Nirmala Sitaraman"},"content":{"rendered":"<p>The proposed Merchant Discount Rate (MDR) on select high-value UPI transactions is neither a tax, cess nor surcharge, and will not be passed on to consumers, Finance Minister Nirmala Sitharaman said on Friday. <\/p>\n<p>The 0.4 per cent MDR on specified person-to-merchant (P2M) UPI transactions above Rs 2,000 will be borne within the merchant payment ecosystem and will not accrue to the government, Sitharaman told PTI. <\/p>\n<p>\u201cThis is not a tax, this is not a cess, this is not even a surcharge. And the collection is not coming to the Consolidated Fund of India,\u201d she said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The proposed Merchant Discount Rate (MDR) on select high-value UPI transactions is neither a tax, cess nor surcharge, and will not be passed on to consumers, Finance Minister Nirmala Sitharaman said on Friday. The 0.4 per cent MDR on specified person-to-merchant (P2M) UPI transactions above Rs 2,000 will be borne within the merchant payment ecosystem and will not accrue to the government, Sitharaman told PTI. \u201cThis is not a tax, this is not a cess, this is not even a surcharge. And the collection is not coming to the Consolidated Fund of India,\u201d she said.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[75,4,17],"tags":[],"class_list":["post-1038880","post","type-post","status-publish","format-standard","hentry","category-it-2-the-new-indian-express","category-newspapers","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1038880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1038880"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1038880\/revisions"}],"predecessor-version":[{"id":1038897,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1038880\/revisions\/1038897"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1038880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1038880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1038880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}