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11 August 2026

Rajya Sabha legislative business

The topic involves the passage of specific legislation and the functioning of parliamentary procedures, which are directly relevant to the GS2 syllabus regarding legislative processes and regulatory bodies.

1 min read Day 6 of 9 2 questions 1 prelims

Notes

  • Rajya Sabha passed the Bankers’ Books Evidence Bill and returned the Taxation and Other Laws (Amendment) Bill.
  • The Taxation and Other Laws (Amendment) Bill allows the National Payments Corporation of India (NPCI) to finalize the Merchant Discount Rate (MDR) for specific merchant transaction categories.
  • The Union Finance Ministry clarified that UPI transactions remain free for consumers, and no transaction charges will be levied on them.
  • The government stated that the vast majority of merchant transactions, including those involving small roadside vendors, will remain free of charges.
  • A statutory motion was moved in the Rajya Sabha to disapprove an ordinance issued by the Finance Ministry in June.
  • The legislative process involved the simultaneous discussion of a statutory motion and the corresponding Bill.

Part of a longer story

This is day 6 of 9 in Taxation and Other Laws (Amendment) Bill, 2026, which has been running since 5 August 2026. Reading it whole is usually worth more than reading today alone — the exam asks how something developed.

Questions

  1. Discuss the role of the National Payments Corporation of India (NPCI) in regulating digital payment ecosystems and the significance of the Merchant Discount Rate (MDR) in the context of financial inclusion in India. 150 words
    Attempt this — 150 words in 8 min
    0 / 150 words 8:00
  2. Examine the constitutional provisions and parliamentary procedures regarding the passage of Bills and the role of statutory motions in disapproving ordinances. How does the legislative process ensure accountability in the implementation of financial policies? 250 words
    Attempt this — 250 words in 11 min
    0 / 250 words 11:00

Prelims

  1. Which body is responsible for finalizing the Merchant Discount Rate (MDR) for digital transactions in India?

Syllabus

Topics

Sources

250words.in · https://250words.in/daily/2026-08-11/rajya-sabha-legislative-business