The proposed 0.4 per cent merchant discount rate (MDR) on UPI payments above ₹2,000 will not result in any additional cost for consumers, news agency PTI reported, citing government sources. The new MDR is scheduled to come into effect from October 15 and will apply only to merchants exceeding ₹2,000. Person-to-person UPI transfers will remain free, irrespective of the transaction…
The parents of student Sahil Wakode, whose alleged suicide has led to accusations of caste discrimination, on Thursday began a hunger strike seeking action against their son's 'tormentors' while the institute deferred its mid-semester examinations amid the controversy and reissued an apology over an earlier statement.Congress leader Rahul Gandhi has spoken to Sahil's parents and assured them all help in…
The Centre will ask the Indian Banks’ Association (IBA) to undertake awareness campaigns and firm up a mechanism to ensure that a proposed charge on select Unified Payments Interface (UPI) transactions isn’t passed on to consumers, according to two senior finance ministry officials.The planned outreach by the bankers’ body aims to “put the truth in the public domain” and allay…
