SC declines stay on UPI MDR rollout, seeks response from Centre, RBI, NPCI on plea
The Supreme Court has declined to stay the October 15 rollout of the new Merchant Discount Rate (MDR) framework for specified UPI merchant transactions above Rs 2,000. The court has issued notices to the Centre, Reserve Bank of India (RBI) and National Payments Corporation of India (NPCI) on a plea…