Indian Economy (UPSC): Taxation & Other Laws Amendment Bill 2026 & UPI MDR

UPI లావాదేవీలపై ఛార్జీలు పడబోతున్నాయా? టాక్సేషన్ సవరణ బిల్లు 2026, మెర్చంట్ డిస్కౌంట్ రేట్ (MDR) & FII పన్ను రాయితీలు పూర్తి విశ్లేషణ | What are the economic and structural implications of the Taxation and Other Laws (Amendment) Bill, 2026 passed by Lok Sabha? In this lecture, we analyze the August 6, 2026 passage of the Taxation and Other Laws (Amendment) Bill in Parliament, replacing the Income-tax (Amendment) Ordinance, 2026, curated specifically for Santhosh Rao Sir Classes and civil services aspirants (UPSC / State PSCs). Using this major legislative overhaul, we break down core concepts of fiscal policy, digital payment infrastructure, and foreign direct investment under Indian Economy and Governance (GS Papers 2 & 3). We examine the controversial amendment to Section 10A of the Payment and Settlement Systems (PSS) Act, 2007, which removes the statutory zero-MDR mandate to create an enabling framework for banks and payment service providers (PSPs). We dissect the tax exemptions granted to Foreign Institutional Investors (FIIs) and the Bank for International Settlements (BIS) on Government Securities (G-Secs), the extension of electronics contract manufacturing tax incentives till FY 2040–41, the relaxation of offshore fund management criteria, and the regulatory ease provided to global cloud providers operating in Indian data centers. Taxation and Other Laws Amendment Bill 2026 Lok Sabha passage UPSC Payment and Settlement Systems Act 2007 Section 10A zero MDR removal Merchant Discount Rate MDR on UPI transactions economic sustainability Income tax exemption FIIs and BIS Government Securities G-Secs GS 3 Electronics manufacturing tax incentives 2041 and offshore fund management Taxation and Other Laws Amendment Bill 2026 UPSC, Payment and Settlement Systems Act 2007 Section 10A Amendment, Merchant Discount Rate MDR on UPI Transactions Zero MDR Removal, Income-tax Act 2025 and Finance Act 2026 Amendments, Foreign Institutional Investors FII Capital Gains G-Secs Exemption, Bank for International Settlements BIS Income Tax Exemption, Electronics Manufacturing Contract Tax Incentive Extension 2041, Eligible Investment Funds EIFs Offshore Fund Management Relaxations, Global Cloud Service Providers Data Centres Leased Infrastructure Ease, Business Trusts REITs and InvITs Dividend Surcharge Changes, RBI Digital Payments Infrastructure Sustainability, Fiscal Policy Ease of Doing Business EoDB GS Paper 3, Civil Services Exam Indian Economy Lectures Telugu, Santhosh Rao Sir Classes UPSC Preparation. 📣App link for Android users: hclpdiy4.page.link/2Tn7 Apple: ORG code (qhjvqh) Santhosh Rao Sir classes iPhone App link: Link: "happs.apple.com/in/app/classplus/id1324522260. Registration process: ✔️ Step 01: Students will need to download this IOS app by using the above link ✔️ Step 02: Enter your contact number ✔️ Step 03: Enter ORG code (qhjvqh) ✔️ Step04: You will be redirected to Santhosh Rao Sir Classes app and will be able to use the app. "Welcome to Santhosh Rao sir classes: Your Ultimate UPSC and Competitive Exams Guide! 📚🌟 Are you aspiring to crack the UPSC or other competitive exams with flying colors? You're in the right place! Our channel is your one-stop destination for expert guidance, comprehensive study materials, and insightful strategies to help you excel in your UPSC and competitive exams. Here's what you can expect from us: 📖 In-depth Exam Syllabus Coverage 📝 Proven Exam Strategies and Tips 📊 Current Affairs Updates 📚 Subject-wise Study Materials 🎯 Mock Tests and Practice Papers 🧠 Mind-blowing Success Stories #UPSC #TaxationBill2026 #UPI #MDR #IndianEconomy #TaxReforms #NirmalaSitharaman #CurrentAffairs2026 #GS3 #SanthoshRaoSir#GS2#santhoshraosirclasses #santhoshraoupsc #santhoshraomenneni 00:00 - Taxation & Other Laws (Amendment) Bill 2026 Passed in Lok Sabha 02:15 - Payment & Settlement Systems Act: Removal of Statutory Zero-MDR 04:30 - What is Merchant Discount Rate (MDR) & Why Reconsider Zero-MDR? 06:50 - Foreign Investor Relief: FIIs & BIS Tax Exemptions on G-Secs 09:15 - Electronics Manufacturing Boost (Tax Incentives Extended to 2041) 11:40 - Fund Management Relaxations & Data Centre Infrastructure Reforms