Brief by Shorts91 Newsdesk / 08:32am on 28 Sep 2026,Monday India
The Supreme Court has sought the Centre’s response to a plea challenging the introduction of the Merchant Discount Rate (MDR) on certain UPI payments above ₹2,000. The petition, filed by advocate Anjan Datta, challenges the new framework announced by the government, which is scheduled to take effect on October 15. Under the rules, a 0.4% MDR will apply to specified merchant transactions above ₹2,000, with some sectors attracting lower rates. The petitioner has questioned the framework’s legal basis and alleged a lack of transparency. The plea also raises concerns about the potential impact on merchants and consumers. (PC: HT)
