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By:

Sumit Ranjan Das

21 August 2024 at 4:08:59 pm

UPI Must Stay Free

AI Generated Image Yesterday, I went to my neighbourhood shop to buy aloo chop and vegetable chop to eat with muri. I reached for my phone to pay by UPI, as I do for almost everything. The shopkeeper stopped me. “This is the last time we’ll accept UPI. From tomorrow, CASH ONLY.” I didn’t argue or explain that payments up to Rs. 2,000 remain free. It would have been a waste of breath. So I let it go, but I kept thinking about it on the walk home because I think I know what he was afraid of....

UPI Must Stay Free

AI Generated Image Yesterday, I went to my neighbourhood shop to buy aloo chop and vegetable chop to eat with muri. I reached for my phone to pay by UPI, as I do for almost everything. The shopkeeper stopped me. “This is the last time we’ll accept UPI. From tomorrow, CASH ONLY.” I didn’t argue or explain that payments up to Rs. 2,000 remain free. It would have been a waste of breath. So I let it go, but I kept thinking about it on the walk home because I think I know what he was afraid of. Picture a vegetable vendor with a pushcart at the corner of your lane. Call him Ramesh. He studied up to Class 8. Two years ago, he put a QR code on his cart because someone told him one thing: “Bhaiya, UPI is free. The money comes straight to your bank.” That one sentence did more for Digital India than any seminar. No card machine, no fee, no paperwork. Now tell Ramesh that a Merchant Discount Rate (MDR) may apply to specified transactions above Rs. 2,000, subject to exemptions. He won’t argue. He will put up a board: CASH ONLY. MDR is the fee a merchant pays to accept a digital payment, and UPI has been free for merchants since 2020. The new framework proposes a fee of 0.4 per cent on specified merchant transactions above Rs. 2,000, with a cap of Rs. 300 on transactions above Rs. 75,000. Payments up to Rs. 2,000 remain free. Person-to-person transfers are not covered, and under the announced plan, customers are not charged directly. On a Rs. 10,000 merchant payment, the merchant would pay Rs. 40. Small merchants receiving less than Rs. 1,00,000 a month through UPI were proposed to be exempt. One report adds that the committee was reportedly considering exempting businesses with annual turnover of up to Rs. 40 lakh. On October 13, the National Payments Corporation of India (NPCI) said the fee, due to be implemented on October 15, would be introduced immediately after Diwali, on a date to be notified separately. The decision merley postpones the fee. Consider Ramesh again. Suppose he sells Rs. 5,000 worth of vegetables a day, mostly through payments of Rs. 30 to Rs. 300. That amounts to around Rs. 1,50,000 a month, or roughly Rs. 18 lakh a year. Every one of his payments is below Rs. 2,000, so under the proposal, they remain free. But his monthly receipts exceed Rs. 1 lakh, which means he cannot simply assume that the small-merchant exemption covers him. Who will tell him? Who will explain it in Bengali, Hindi or Maithili, at his cart, in two minutes? A vendor who cannot understand the rules will choose the option that feels safest: cash. Cash is not the enemy. But for a small merchant, it also means hunting for change and losing customers who do not have it, facing the risk of theft, loss and counterfeit notes, spending time counting, storing and depositing money, and having fewer digital records to show a bank when seeking credit. “Free” does not mean UPI costs nothing to run. Security, fraud control, banking systems and customer support all require money. In March 2025, the Union Cabinet approved an incentive of Rs. 1,500 crore for low-value BHIM UPI merchant transactions for the financial year 2024–25. Genuine welfare must never be treated as a piggy bank. Every rupee, whether spent on welfare or infrastructure, should deliver greater value. Five measures would help keep UPI simple. First, person-to-person UPI transfers must remain free. Sending money to family should never come with an unexpected charge. Second, protection for small merchants must be straightforward. Thela-walas, tea stalls and kirana shops need one clear exemption, not five clever ones. Third, UPI must be funded transparently. The government and relevant institutions should publish what it costs to run the system, how much public money supports it, how much any proposed fee collects and what results follow. Fourth, the rules must be explained in local languages. A one-page notice or a short voice message through a payment app would reach Ramesh faster than a 20-page circular. Finally, the impact must be measured before any fee is extended. Changes in small-merchant acceptance and transaction volumes should guide the next step. India did not build UPI by making it clever. It built it by making it simple and free. (The writer is a Cost and Management Accountant and founder of TaxoDas. Views personal.)

KL Rahul and the Inevitable Call

Feb 15
3 min read

In late January 2026, KL Rahul sat down with Kevin Pietersen and spoke with rare honesty about retirement. At 33, the elegant Karnataka batsman admitted the thought had crossed his mind. “I don’t think it’s gonna be that difficult,” he said. “If you’re honest with yourself, when it’s time, it’s time. And there’s no point dragging it. Obviously, I’m some time away.” Those words landed like a quiet full stop on a career that has been anything but quiet. Rahul has not retired yet—he recently scored a composed century in the Ranji Trophy to help Karnataka advance—but the conversation feels timely. His body has been sending signals for years. The question is no longer if he will retire, but how much cricket his fragile frame has left.


Rahul’s talent was evident from the moment he announced himself. A classical right-hander with a high backlift and even higher elbow, he made batting look effortless whether opening in Tests or keeping in white-ball cricket. His ODI average hovers around 50, a remarkable number for a top-order player who has also shouldered wicket-keeping duties. In Tests he has scored over 4,000 runs at a shade under 36, including big hundreds against Australia and England. In the IPL he has been a consistent anchor and, more recently, a calm captain for Lucknow Super Giants. Versatility defined him: opener, middle-order pivot, gloveman, and occasional leader.


Yet for every fluent cover drive, there has been a corresponding trip to the physio’s table. Rahul’s career reads like a medical journal of soft-tissue trauma. The list is long and painful.


In 2017, a shoulder injury sustained during the Pune Test against Australia forced him to play through pain for the rest of the series. He still scored 393 runs in that Border-Gavaskar Trophy, but the damage required surgery. He missed the 2017 IPL and the Champions Trophy. In 2021, acute appendicitis struck during the IPL; he underwent surgery and missed crucial games. Later that year, a left thigh strain ruled him out of a home Test series against New Zealand.


The 2022 sports hernia was particularly debilitating. A groin injury that had nagged him turned into a full-blown sports hernia. He flew to Germany for surgery and was sidelined for months, missing key Tests. Then came 2023—the year his body seemed to declare war. While chasing a ball in an IPL match for Lucknow against Royal Challengers Bengaluru, Rahul suffered a complete tear of his quadriceps tendon. “My tendon ripped apart from my quadricep,” he later described it. Surgery followed. The layoff stretched nearly four months. He missed the World Test Championship final and parts of India’s white-ball summer. A niggle delayed his Asia Cup return further, forcing him to sit out the first two games.


These were not isolated incidents. Hamstring strains, thigh muscles, wrist sprains, forearm tweaks, and recurring groin issues have punctuated his career since his international debut in 2014. Between 2021 and 2024 alone, he battled at least half a dozen significant setbacks. Each comeback was met with applause, but also with the creeping realisation that Rahul’s body simply does not recover like it once did. Modern cricket’s calendar is relentless—IPL, bilateral series, ICC events, Ranji Trophy for fitness proofs. For a player whose game relies on timing and footwork rather than brute power, every missed week is costly.


The injuries have shaped the narrative around Rahul more than his runs. Critics called him inconsistent, fragile, or accused him of lacking the “X-factor.” Dropped from the Test XI multiple times, questioned as a keeper-batsman, and occasionally pilloried on social media, Rahul absorbed the blows with characteristic poise. In his Pietersen interview, he revealed the mental strategy that helped: “I tell myself I’m not that important.” That humility has served him well, but it also masks the frustration of a supremely gifted player whose prime was repeatedly interrupted.


My view is this: KL Rahul has been one of the most unfairly maligned Indian cricketers of his generation. Injuries robbed him of the chance to become the undisputed No. 1 batsman many expected after his breakout years. Had his body held up, we might be talking about 8,000-plus Test runs and multiple World Cup titles. Instead, his career is a study in resilience. Every time he has been written off, he has found a way back—often with a stylish hundred that silences the noise, at least temporarily.


(The writer is a senior journalist based in Mumbai. Views personal.)

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