A PIL in the Supreme Court challenges the Centre's 0.4% MDR on UPI merchant transactions above Rs 2,000, effective Oct 15. Filed by advocate Anjan Datta, it alleges the levy lacks statutory safeguards, transparency, and public consultation. It questions unguided powers under the Payment and Settlement Systems Act and seeks quashing or reconsideration of the framework.
Business
SC PIL Challenges 0.4% MDR In UPI Payments Above Rs 2,000
