Lok Sabha Passes Bill Amending Payment Act Fees Electronic Transactions
2 UPDATES · 1 DAY · 6 AUG 2026 — 6 AUG 2026
Nirmala Sitharaman
Latest · 6 Aug 2026
The Lok Sabha passed a bill amending the Payment and Settlement Systems Act to allow banks and providers to charge fees on UPI and other electronic payments.
What this timeline covers
This event covers the passage of the Taxation and Other Laws (Amendment) Bill, 2026, by the Lok Sabha on August 6, 2026, and includes reactions, analyses, and follow-up developments related to this specific occurrence. It excludes other legislative actions or unrelated political activities by the Lok Sabha, parties involved, or regions, unless they directly relate to or are a consequence of this particular bill's passage.
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