CM Revanth Reddy outlines steps to resolve 22-A land issues

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SJM believes the amount involved in the fee is not significant enough to justify the imposition of MDR, calling the move "most unfortunate"

CM Revanth Reddy
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CM Revanth Reddy

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The state government has announced a series of measures to address various issues relating to properties included in the prohibited lands list under Section 22-A of the Registration Act. The government said it would introduce new regularisation policies and constitute committees to examine pending applications and facilitate registrations in eligible cases.

The Swadeshi Jagran Manch, an RSS affiliate, is strongly advocating for the Union government to reconsider its decision to impose a merchant discount rate on UPI transactions exceeding Rs 2,000, citing that the move is unwarranted by actual costs and could undermine a significant national achievement. SJM argues that banks have not demanded MDR, as UPI has reduced their operational costs by decreasing the need for physical infrastructure like ATMs. SJM believes the amount involved in the fee is not significant enough to justify the imposition of MDR, calling the move "most unfortunate". The remarks come a day after the government introduced a 0.4 per cent fee on transfers worth more than Rs 2,000 made to merchants through the platform from October 15 while explicitly ring-fencing everyday person-to-person transactions as well as small payments from any charge.

The Hans India
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