business ๐ Congress slams UPI fee hike as 'Trump Appeasement'
Congress accused the government of yielding to US demands by imposing a 0.4% fee on UPI merchant transfers above โน2,000 starting October 15. Jairam Ramesh made these remarks on Wednesday, September 16, 2026, questioning if this enables US card companies to compete with UPI. He also referenced a US House Bill introducing 100% tariffs on India, which the Senate has already approved. Ramesh argued the PM has redefined NOTA, linking the fee to ongoing US pressure, especially concerning Indian immigrants. The government clarified that everyday person-to-person payments remain free, but the opposition continues to criticize the 'Modi tax'.