Sitharaman Declares No Tax on UPI Charges, Stay Cool Everyone

So, Finance Minister Nirmala Sitharaman just dropped a truth bomb: the new Merchant Discount Rate on UPI transactions is not a tax, folks! It’s like those pesky fees on your credit card — merchants absorb it, not you. She’s saying, 'Hey, this isn’t a government cash grab; it’s just business.' And guess what? 96% of UPI transactions won't even feel a pinch. So, let’s keep calm and carry on swiping!