Supreme Court refuses to stay MDR on UPI payments, but questions Centre over move: 'What is it?'
India, Sept. 28 -- The Supreme Court on Monday sought the response of the Centre on a petition challenging the government's decision to introduce a Merchant Discount Rate (MDR) on UPI person-to-merchant transactions over Rs.2,000.
Hearing a public interest litigation (PIL) filed by advocate Anjan Datta, a bench headed by Chief Justice of India (CJI) Surya Kant said, "This is less of a legal and more of a technical issue. We need you (Centre) to state the facts on a short affidavit."
The petition filed and argued by Datta along with advocate Ashutosh Dubey challenged the September 14 notification issued by the Ministry of Finance that will take effect from October 15. Under the proposed framework, the Centre proposed a 0.4 per cent MDR o...
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