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Lok Sabha passes bill to authorise govt to permit banks to levy charges on UPI transactions

New Delhi, Aug 6: Lok Sabha on Thursday passed a Bill to amend the Payment and Settlement Systems Act, 2007 that authorises the government to permit banks and other service providers to levy charges on payments through unified payments interface (UPI) and other notified electronic payment modes. The amendment passed by the House without discussion amid din seeks to remove the existing legal provision that prevents banks and payment service providers from charging Merchant Discount Rate (MDR) on

6 Aug 2026 5:47 pm
Rajnath chairs parliamentary panel meeting, discussions focus on Territorial Army

New Delhi, Aug 6: Defence Minister Rajnath Singh on Thursday chaired a meeting of a parliamentary committee, with discussions focusing on the Territorial Army and its members offering suggestions to further enhance its overall effectiveness. Singh said the Territorial Army creates surge capacity for the defence forces by building a reserve of trained soldiers who can be deployed immediately whenever the need arises. The Union minister chaired the meeting of the Parliamentary Consultative Committ

6 Aug 2026 5:42 pm