Google Pay and PhonePe are Two ‘Ticking’ Time Bombs’ -Supriya Sule

In a discussion on “The White Paper on Indian economy” in Lok Sabha, Member of Parliament Supriya Sule expressed concerns about the state of digital payment platforms, citing the recent issues with Paytm Payments Bank Ltd (PPBL) as alarming and almost resembling money laundering. 

She labeled Google Pay and Phone Pe as “ticking time bombs” and questioned the government’s actions on the digital or cashless economy. Sule’s remarks come after the Reserve Bank of India (RBI) took action against Paytm, citing persistent non-compliance with regulatory guidelines. 

JMM leader Vijay Kumar Hansdak accused the government of misusing enforcement agencies against opposition MPs, calling for a white paper on the misuse of central agencies. 

The debate also touched on inflation rates, with BJP MP Sanjay Jaiswal highlighting the reduction in average inflation from 8% to 5% during the NDA government’s tenure. 

Various MPs expressed differing views on the economic situation, with IUML MP E T Mohammed Basheer suggesting that the white paper was biased in favor of the BJP.