Tag: merchant discount rate UPI
Posted in Economy
India GDP forecast stays at 7%, uncertainty range remains wide: NITI Aayog’s Arvind Virmani
NITI Aayog Member Arvind Virmani has retained his forecast of 7% GDP growth for India this year, while maintaining a wide uncertainty range amid unresolved…
Posted in Economy
India can sustain around 7% growth despite global concerns: Nilesh Shah
New Delhi: India is likely to register around 7 per cent economic growth this year, with the momentum in the second quarter looking good despite…
Posted in Economy
Retailers push back against proposed 0.4% MDR on UPI transactions above Rs 2,000, warn of hit to thin margins
Kolkata: Retailers across the country are mounting a strong pushback against the proposed merchant discount rate (MDR) on unified payments interface (UPI) transactions above ₹2,000,…
Posted in Economy
MDR on UPI transactions faces PIL in Supreme Court
New Delhi: A PIL has been filed in the Supreme Court seeking quashing of the government’s move to levy a merchant discount rate of 0.4%…