Parliament passes Taxation and Other Laws Amendment Bill
The Indian Parliament has passed the Taxation and Other Laws (Amendment) Bill following its approval in the Rajya Sabha on Monday. Finance Minister Nirmala Sitharaman addressed concerns regarding digital payments, confirming that the legislation does not impose taxes or transaction charges on Unified Payments Interface (UPI) services. The bill, which had previously cleared the Lok Sabha, was returned by the Rajya Sabha via voice vote following a discussion.
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What Happened
The Rajya Sabha passed the Taxation and Other Laws (Amendment) Bill on Monday, completing the parliamentary approval process for the legislation. During the session, Finance Minister Nirmala Sitharaman clarified that the bill contains only enabling provisions and does not introduce any new taxes or transaction fees for UPI users. The proceedings in the upper house included a discussion and a subsequent voice vote, following the bill's earlier passage in the Lok Sabha.
The government stated that UPI has remained free for consumers since its inception and that this policy will continue. While the bill has been cleared, the Finance Minister noted that no specific framework regarding Merchant Discount Rates has been finalized at this time. The legislative session also saw the passage of the Bankers Books Evidence Bill amid an Opposition walkout.
Key Facts
- The Taxation and Other Laws (Amendment) Bill was passed by the Rajya Sabha on Monday.Source not recorded
- The bill was previously approved by the Lok Sabha.Source not recorded
- Finance Minister Nirmala Sitharaman stated that UPI will remain free for consumers.Source not recorded
- The government clarified that the bill does not impose any new transaction charges on UPI.Source not recorded
- The Rajya Sabha returned the bill following a voice vote.Source not recorded
The Timeline8
Every article on this story, in the order it was filed. We do not rank the outlets.
10 Aug
- ETThe Economic TimesParl clears taxation bill, UPI stays free, says FM
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11 Aug
CoverageWhat we read
Language reach
Dailies carrying this story, against the dailies we read in each language.
- English5 of 9
- Tamilதமிழ்1 of 2
- Kannadaಕನ್ನಡ1 of 1
- Odiaଓଡ଼ିଆ1 of 2
Regional reach
Where this story reached, and where it did not. National mastheads and wire agencies circulate everywhere and are counted separately, not drawn on the map.
- None carried this
- No source registered
- 1 outlet
- 2 or more
- NorthNot carried0 of 4
- WestNot carried0 of 5
- Central IndiaNot carried0 of 1
- EastCarried1 of 5
- North-eastNot carried0 of 2
- SouthCarried3 of 10
4 of the 26 states we read have local coverage. Concentrated in the South. Also carried by 4 national mastheads.
About This Analysis
One summary, built from every source. No single newsroom's voice.
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Paksh: the sides a story is told from. 8 newsrooms filed on this one, and every filing is listed above.