The Supreme Court has declined to grant an interim stay on the government’s new merchant discount rate policy. This policy imposes a 0.4% charge on specific Unified Payments Interface transactions exceeding Rs 2,000. The decision comes as a public interest litigation challenges the legality of this levy. Notices have been issued to the government and financial organizations involved. The new policy is set to take effect on October 15.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.