Indore, Sept. 18 -- Congress MP Pawan Khera on Friday targeted the BJP-led Union government over the 0.4 per cent Merchant Discount Rate on UPI transactions above Rs 2,000, alleging that the ruling party is dismantling its own initiative of a cashless economy due to "fear of the United States."

"Out of fear of America, you are completely abandoning your own initiative in your own country. You even stole the credit from Nandan Nilekani and Dr. Manmohan Singh, claiming you were bringing a cashless economy to this country. And now, you're the one working to destroy that cashless economy," said Khera.

Addressing a press conference in Indore, Khera claimed that consumers under the new NPCI framework will bear the cost of the 0.4 per cent MDR...