Economy
Parliament Passes Taxation Bill; UPI Transactions to Remain Free
Moneycontrol1h
THE BRIEF
1
The Rajya Sabha passed the new Taxation Bill on August 10, 2026, with Finance Minister Nirmala Sitharaman confirming that UPI transactions will continue to be free for users.
2
The government clarified that there are no plans to impose charges on digital payments, aiming to maintain the momentum of India's digital infrastructure growth.
3
This legislative move provides clarity to the fintech sector and millions of users who rely on UPI for daily transactions, effectively ending speculation regarding potential service fees.