When America targeted and killed 3 Indian sailors with pinpoint accuracy, he remained dead silent, but when a single video of his got restricted, he is throwing tantrums.
You pay tax when you earn your money. You pay stamp duty and registration charges when you spend that already-taxed money on property. Then the bank charges you for transferring the money if you use UPI. And if you withdraw your own money from an ATM beyond the free limit, you are charged for accessing it. By the time you're done, everyone seems to have made money from your money except you.
@Raman NEFT, IMPS is free. RTGS with lakhs of rupees transfer barely costs ₹50. Cheque transfer is free too. Cards on UPI already has a MDR. UPI should be compared with NEFT, IMPS and RTGS and not with cards.
CapitalMind had written an amazing article long back on benefits to the Gov't for keeping UPI free. The subsidies barely cost anything compared to the massive increase in white economy and tax base. No sensible patriotic Gov't would charge for UPI transactions.
The only reason why Gov't is now contemplating to charge UPI, is to benefit US companies - Google and Walmart who process almost all UPI transactions. Bc kitna surrender karege.