UPI MDR Row: CAIT-Led Delegation Meets Finance Minister Sitharaman, Protest Withdrawn
- A delegation led by the Confederation of All India Traders met Finance Minister Nirmala Sitharaman in New Delhi to discuss the proposed 0.40% MDR on UPI transactions above Rs 2,000.
- The All India Consumer Products Federation and All India Mobile Retailers Association withdrew their planned “No UPI Day” protest for October 2 after the meeting.
- Trade groups sought deferment of the fee, a higher threshold, and exemptions for merchant-to-merchant transactions.
- The proposed fee remains scheduled to begin on October 15, while representatives were assured that traders’ concerns would be considered.
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LatestlyUPI MDR row: CAIT-led delegation meets Finance Minister Sitharaman, protest withdrawn
A delegation of senior trade leaders led by Confederation of All India Traders (CAIT) Secretary General and Chandni Chowk MP Praveen Khandelwal on Wednesday met Union Finance Minister Nirmala Sitharaman to discuss concerns over the proposed Merchant Discount Rate (MDR) of 0.40 per cent on UPI transactions above Rs 2,000.
Traders withdraw October 2 'No UPI Day' call after meeting FM Sitharaman
Trade bodies seek deferment of proposed UPI MDR ahead of festive season. A delegation of about 20 senior trade leaders from across states raised the traders' concerns of likely impact on small and medium businesses.
New Delhi: Traders' organisations have called off their 'No UPI Day' protest planned for October 2 against the move to introduce Merchant Discount Rate (MDR) for UPI transactions. The Union Finance...
New Delhi, Sep 30 (IANS) Major trade bodies have withdrawn their call for a proposed No UPI Day on October 2 following a meeting with Finance Minister Nirmala Sitharaman. The decision was taken after a meeting in the national capital on Wednesday in which the trading community expressed their opposition to the proposed 0.5% tax on merchant UPI transactions of over ₹2,000.
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