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HomeIndiaKrushna Hegde Addresses UPI Merchant Discount Rate Row and BJP-Congress Tensions
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Krushna Hegde Addresses UPI Merchant Discount Rate Row and BJP-Congress Tensions

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News Analysis IndiaReporter
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September 18, 2026
12:42 PM
Krushna Hegde Addresses UPI Merchant Discount Rate Row and BJP-Congress Tensions

The spokesperson shifted focus to the ongoing dispute over the UPI Merchant Discount Rate (MDR). He cited statements by Congress MPs Gaurav Gogi and Manish Tiwari, who claimed the 0.4% MDR decision was taken without their consent. Hegde countered by referencing the parliamentary standing committee on finance, chaired by Bhartṛhari Mahatab, which recorded that both MPs had indeed approved the rate. He said the relevant documents have been made public, disproving the Congress claim, and accused the party of changing its stance after initially supporting the 0.4% MDR.

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