Srinagar, Sept. 18 -- The conclusion that US pressure has finally paid off-while this is a compelling one-is a compelling one, but a September 14th Finance Ministry notification requires some caution. The notification prohibits banks and payment system providers from imposing direct or indirect fees on UPI transactions and RuPay debit card payments up to Rs.2,000. However, no immediate consumer charges have been imposed on UPI payments above Rs.2,000; the notification only leaves open the possibility of future charges or MDR on larger transactions. Nevertheless, the concern is genuine. The impact of policies isn't simply measured by the words in the notification; it's also important to consider the subsequent market behavior. If a fee isn...