
India to Restore UPI Merchant Fees, PhonePe Gains Most
India's government plans to amend the Payment and Settlement Systems Act to restore UPI merchant discount rates, ending the zero-MDR regime in place since January 2020.
Key Takeaways
May 1, 2026 · 2 min read · By Rishabh Bhardwaj
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Reports of post-poll violence have emerged from several districts in West Bengal following elections, with clashes between Indian Secular Front (ISF) and Trinamool Congress (TMC) supporters reported in the Krishnamati area.
Locals in Krishnamati alleged that crude bombs were detonated multiple times during the unrest. Crude bombs, improvised explosive devices made from basic materials, have been used in previous rounds of political violence in the state. Police have launched a probe into the incidents.
West Bengal has a documented history of post-election violence, and clashes between rival political camps have followed multiple electoral cycles in the state. The ISF, a regional party with a base in parts of South Bengal, and the ruling TMC have been competitors in several constituencies.
The specific districts affected, the scale of injuries or damage, and the exact timing of incidents have not been detailed in available reports. Police have confirmed they are investigating.
The key questions going forward are whether security forces are deployed to affected areas, whether election authorities take cognizance of the incidents, and how quickly the investigation produces any arrests or findings. Any escalation in violence across more districts would raise pressure on the state administration to respond more forcefully.

India's government plans to amend the Payment and Settlement Systems Act to restore UPI merchant discount rates, ending the zero-MDR regime in place since January 2020.
India's government has introduced the Taxation and Other Laws (Amendment) Bill, 2026, proposing changes to payments regulation, income tax, and the Finance Act to attract FDI and support Make in India. The Bill's final shape will depend on parliamentary debate and committee review.
The government's Taxation and Other Laws (Amendment) Bill, 2026, proposes to replace the blanket UPI MDR ban with a system allowing the Centre to notify which payment modes stay fee-free.
Prime Minister Narendra Modi inaugurated the Rs 5,000 crore Bhogapuram greenfield airport in Andhra Pradesh, built under a public-private partnership model. He also laid foundation stones for infrastructure projects worth nearly Rs 18,000 crore in the state, signalling a broad investment push for the region.