If neither tax nor fee, what is this ‘expropriation’, Supreme Court asks Govt on UPI MDR charges
According to the government, an MDR of 0.4% would be introduced on Person-to-Merchant (P2M) UPI transactions above ₹ 2,000. File | Photo Credit: ANI The Supreme Court on Monday (September 28, 2026) refused a plea for an interim stay of a decision by the government to levy 0.4% charge on merchants for specified UPI person-to-merchant…