- K'taka sting Op row: Siddaramaiah moves court; BJP accuses Cong of betrayal
- BJP women MPs turn up heat on Cong MP caught in ‘sex for marks’ row, to meet President
- MDR Inevitable, But Only After Deepawali
- Ensure terror networks do not find haven in region: Shah to BIMSTEC countries
- Vijaya Sai Reddy to announce new party soon, says will create active leadership
- Tamil Nadu Vijay to discuss water issues with Chandrababu
- Pooja Hegde Turns 36: Sri Sri Makers Unveil Her First Look
- ‘Rahul Gandhi has lost his mental balance’: BJP MP Ravi Kishan
MDR Inevitable, But Only After Deepawali
In Short
MDR on UPI transactions above ₹2,000 deferred until after Deepawali, with a proposed 0.40% merchant fee and uncertainty over exemptions for small businesses.

MDR Inevitable, But Only After Deepawali
The implementation of the merchant discount rate (MDR) on UPI transactions above Rs 2000 from October 15 has been deferred till after Deepawali. It may be mentioned here that Hans had carried a report saying that there was a possibility of deferring the implementation of MDR on October 8.
Various stakeholders had raised several questions regarding the impact of the MDR on traders and whether or not it will be passed on to the consumer. Following several rounds of meetings with the Services Steering Committee of UPI headed by NCPI the officials felt that deferment would help the merchant payments be free of MDR during the festival season.
MDR is a fee merchants pay for processing digital payments. Under the announced framework, a 0.40% charge would apply to eligible person-to-merchant (P2M) UPI transactions above ₹2,000, capped at ₹300 per transaction.
While the government has said that the MDR would be implemented after Deepawali, it is not yet known whether it would agree to exempt businesses with annual turnover of up to ₹40 Lakh or not, sources said.
K'taka sting Op row: Siddaramaiah moves court; BJP accuses Cong of betrayal
PM Modi has given India direction it did not have before: Canadian envoy
Madhuri Dixit reveals why she chose to marry a heart surgeon outside Bollywood
‘Kyunki Saas Bhi…’ gang Smriti Irani, Apara Mehta, Gauri Pradhan & others reunite ahead of show’s finale
Telangana Dy CM Bhatti Vikramarka announces measures for Singareni workers
SIR Hearing Deferred to Thursday; Rahul Must Refile Petition
Modi says India grows 'with the world, not at anyone's cost', cites strong economic fundamentals
CJP Challenges Jantar Mantar De-notification; Police Register Four FIRs Against Congress
Srisailam Project earns international recognitionl, included in World Book is Records
CJP Leaders Saurav Das, Ashutosh Ranka Detained After Jumping Gate To Enter Jantar Mantar

