BusinessTrade Bodies Withdraw from No UPI Day Protest After Meeting FM
The All India Consumer Products Distributors Federation and the All India Mobile Retailers Association withdrew from the No UPI Day protest on October 2 after meeting Finance Minister Nirmala Sitharaman. Led by CAIT's Praveen Khandelwal, they requested deferral of the proposed UPI merchant discount rate (MDR) until after the festive season, a review of the ₹1 lakh threshold to ₹5 lakh, exclusion of M2M transactions from MDR, and formation of a committee to address concerns.
Business Standard·3h ago


