MDR on UPI: Last month, the government ended the zero-fee regime for UPI by allowing merchants to be charged 0.4% on transactions above Rs 2,000. UPI is used by more than 500 million people across the country for payments ranging from roadside cups of tea to iPhones. The charge is scheduled to take effect on October 15, coinciding with the annual festive season.
RBI governor Sanjay Malhotra yesterday eased concerns over the new foreign exchange reporting framework, clarifying that individuals undertaking transactions of…
