Supreme Court PIL Challenges 0.4% MDR On UPI Transactions Above ₹2,000 Before October 15 Rollout
New Delhi, Sep 16: A public interest litigation (PIL) matter has been filed in the Supreme Court, challenging the Centre's decision to impose a merchant discount rate (MDR) on specified UPI person-to-merchant transactions of above Rs 2,000, saying the levy has been introduced without adequate statutory safeguards, transparency or public consultation. UPI MDR framework challenged The government…
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