UPI CHARGES: MDR is neither a tax nor a cess, says FM Nirmala Sitharaman
STC NEWS MONITORING DESKSRINAGAR, SEPTEMBER 23 (STC): The revised merchant discount rate (MDR) framework for select UPI transactions is “neither a tax nor a cess”, and that the charge is not to be collected from consumers.Union Finance Minister Nirmala Sitharaman stated this on Monday.The framework, announced by the National Payments Corporation of India (NPCI), will…

