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Experts Discuss Government's Proposed UPI Merchant Discount Rate Levy

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Experts Discuss Government's Proposed UPI Merchant Discount Rate Levy

Analysed 16 Sept 2026·2 sources analysed·Katihar, India·Business
Experts Discuss Government's Proposed UPI Merchant Discount Rate LevyPreviousNext

A panel discussion led by anchor Rajdeep Sardesai examines the government's proposal to levy a merchant discount rate on UPI transactions. Dr Krishnamurthy Subramanian, former Chief Economic Advisor, cautions that such a tax may conflict with UPI's design and could push small merchants back to cash. Professor Santosh Mehrotra argues against ongoing taxpayer subsidies for digital payments, suggesting transaction costs be shared among banks, platforms, and merchants. The panel also considers potential impacts on consumers and the digital payment ecosystem.

Sentiment
51%
TBN's observations

First-hand measurement across 2 sources

We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (51/100). Lens Score 36/100.

Outlets measured: indiatoday, indiatoday. See how each one headlined and framed the same story in the source comparison below.

AI analysis of 2 sources · Published under editorial oversight by The Balanced News
Analysed 16 Sept 2026· How this analysis is produced· Editorial standards· Corrections

AI Analysis

Sentiment — Neutral (51/100)

Sentiment was consistent across outlets (50–52/100), indicating broadly factual reporting rather than editorialising.

Coverage timeline

indiatoday broke this story on 16 Sept, 06:21 pm. Other outlets followed.

16 Sept, 06:21 pm2 sources · 0 min16 Sept, 06:21 pm
  1. 1
AI analysis by the TBN Bias Engine · beat methodology byMrunal Wange· Business & Economy Editor· editorial standards byOjas Kale
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  • Who's involved

    Institutions and figures named across source coverage.

    Government
    Government of India

    Story context

    Category
    Business
    Location
    Katihar, India
    Sources analysed
    2
    Last analysed
    16 Sept 2026
    Key entities
    Chief Economic Advisor to the Government of IndiaKrishnamurthy SubramanianRajdeep SardesaiThe News InternationalInterest rateUniversity of BathTransaction costMultinational corporationSubsidyMoney creationDigital economyFinancial transaction tax