- RBI provides regulatory supervision and undertakes security initiatives for UPI, while officials discuss usage numbers.
- The Union Ministry of Finance proposed amendments to the Indian payment system, which the RBI is now regulating under the Payment and Settlement Systems Act.
The government introduced a new structure for Merchant Discount Rate (MDR) via a ministry circular.
8 reports, 2 independent
Updated Sep 21
Gone quiet
Reached 4 outlets in its first 24 hours
- Reports
- 8
- Developments
- 2
- Repetition
- 88%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
The government introduced a new structure for Merchant Discount Rate (MDR) via a ministry circular.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Stakeholders submitted representations to the finance ministry regarding payment processing costs and MDR exemptions.Sub-event
New MDR structure introduced via ministry circular.1 source
Keep exploring
Part of
The Union Ministry of Finance proposed amendments to the Indian payment system, which the RBI is now regulating under the Payment and Settlement Systems Act.Also in this story
- A bill was passed by the Indian Parliament, permitting charges on electronic payment systems.
- Nirmala Sitharaman introduced the Taxation and Other Laws (Amendment) Bill, 2026 to amend payment laws.
The entities involved
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finance ministry
type of ministry responsible for government finances and economic policy