PoliticsSupreme Court Seeks Centre's Response on MDR for UPI Payments Over ₹2,000
The Supreme Court refused to stay the Centre's decision to impose Merchant Discount Rate (MDR) on UPI transactions above ₹2,000 starting October 15. It sought responses from the Centre and others on a plea challenging this imposition. The Centre stated that 96% of users are exempt. The court noted the issue is more technical than legal and directed counter affidavits within four weeks.
Hindustan Times·3h ago