New IT rules: Social media firms get 2-hour deadline to remove sensitive content
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IndiaTimes of India ·
FM Sitharaman: UPI transaction charges to apply to merchants, not customers
Finance Minister Nirmala Sitharaman has clarified that any UPI transaction charges will be borne by merchants and not end users. She stated that a Merchant Discount Rate, if introduced, would help strengthen India's digital payments infrastructure. The clarification follows the passage of an amendment bill in Parliament related to digital payment policies. A dedicated committee will now be formed to review potential changes to the existing zero-MDR policy for UPI and other digital transactions.
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