- RBI provides regulatory supervision and undertakes security initiatives for UPI, while officials discuss usage numbers.
- The Union Ministry of Finance proposed amendments to the Indian payment system, which the RBI is now regulating under the Payment and Settlement Systems Act.
Nirmala Sitharaman introduced the Taxation and Other Laws (Amendment) Bill, 2026 to amend payment laws.
7 reports, 3 independent
Updated Aug 6
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AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Nirmala Sitharaman introduced the Taxation and Other Laws (Amendment) Bill, 2026 to amend payment laws.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Sitharaman introduced a bill to amend payment laws.1 source
Sitharaman's amendment bills are being reviewed by the upper house (Rajya Sabha).1 source
Keep exploring
Part of
The Union Ministry of Finance proposed amendments to the Indian payment system, which the RBI is now regulating under the Payment and Settlement Systems Act.Also in this story
- The finance ministry has set the payment rail fees for UPI transactions.
- The government introduced a new structure for Merchant Discount Rate (MDR) via a ministry circular.
- Amazon operates a quick commerce unit and regulates payment systems in India.
The entities involved
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Nirmala Sitharaman
Indian politician