Trade Body Urges Finance Ministry to Scrap Proposed UPI Transaction Charges

·1 views

The Confederation of All India Traders (CAIT) has urged Finance Minister Nirmala Sitharaman to roll back proposed charges on UPI transactions. The trade body claims the move has disappointed approximately 6 crore traders across the country. CAIT warned that imposing a Merchant Discount Rate (MDR) on higher-value UPI payments could push businesses and consumers back toward cash transactions. The federation has formally requested the Finance Ministry to reconsider the decision, citing concerns over the impact on India's digital payments ecosystem.

Read the full story at NDTV

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

‘All decisions are unanimous… made by full Commission in the past year’: Election Commission response after Express Investigation

0 comments Read more at Indian Express

IndiaIndian Express ·

Deep depression likely to hit Andhra-Odisha coast today, red alert in multiple districts

0 comments Read more at Indian Express

IndiaTimes of India ·

A kidney wait since 2024 ends with an Army airlift and a rare double transplant

0 comments Read more at Times of India

IndiaNDTV ·

Nithari Serial Killer Surendra Koli Died of Asphyxia, Autopsy Confirms

Surendra Koli, convicted in the Nithari serial killings case, was found hanging at his tea stall in Haridwar last week. He had been widely known as the 'Butcher of Nithari' due to his role in the gruesome crimes. An autopsy conducted following his death has confirmed that the cause of death was asphyxia, according to reports. Police have disclosed the findings as part of the ongoing inquiry into the circumstances of his death.

0 comments Read more at NDTV