Deccan Herald ·
Economy, business and finance
No question of rollback of 0.4% MDR charges on UPI transactions over Rs 2,000: Top govt official
Government rules out any rethink on 0.4% MDR charges for UPI transactions over Rs 2,000 from October 15. Opposition calls it 'Modi Tax' while finance panel warns of strain on exchequer.
The decision has evoked strong opposition from several quarters including traders, shopkeepers and political parties who dubbed the move as 'Modi Tax'.