UPI MDR Row: CAIT-Led Delegation Meets Finance Minister Sitharaman, Protest Withdrawn
- On October 2, the All India Mobile Retailers Association will observe a 'No UPI Day' protest, with Delhi NCR President Tarvinder Singh announcing retailers will cover UPI QR codes with black cloth on Gandhi Jayanti.
- Retailers oppose the government's proposal to impose a 0.4% Merchant Discount Rate on UPI transactions exceeding ₹2,000, which revises the zero-MDR framework that has governed UPI payments in India for approximately six years.
- AIMRA estimates the 0.4% fee will impose a financial burden of nearly ₹500 crore annually on small mobile retailers across India, with individual shopkeepers facing monthly losses ranging from ₹2,000 to ₹12,000.
- Meanwhile, traders' body CAIT denied reports that it called for a nationwide 'No UPI Day' on October 2, stating these reports are factually incorrect and misleading.
- AIMRA emphasized the protest is not against Digital India but aims to maintain the zero-MDR framework for UPI, with Delhi NCR President Tarvinder Singh stating, 'The MDR on UPI must remain zero.
34 Articles
34 Articles
No UPI Day: The Delhi Chamber of Trade and Industry has announced a 'No UPI Day' on Friday, October 2, on the occasion of Gandhi Jayanti. However, CAIT has distanced itself from this.
UPI MDR row: CAIT-led delegation meets Finance Minister Sitharaman, protest withdrawn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.
Mobile Retailers Announce ‘No UPI Day’ on October 2 Over Proposed 0.4% Transaction Fee; Check What Changes for Customers
RRBs have started online applications for 590 paramedical posts under CEN 05/26. Candidates can apply on regional RRB websites till October 14, 2026. Nursing Superintendent has the most vacancies at 365. The CBT exam dates are yet to be announced by the board. Mobile Retailers Announce ‘No UPI Day’ on October 2 Over Proposed 0.4% Transaction Fee; Check What Changes for Customers.
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