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US can restore India's trade benefits, but a $6-bn condition apply

US wants India to buy another $5-6 bn worth of poultry and farm goods for reinstatment of GSP benefits.
The Economic Times

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MERCHANT DISCOUNT RATE

No MDR on RuPay,UPI payments will kill industry, warns industry

The move will apply to all companies with a turnover of Rs 50 crore or more. Merchant Discount Rate is the fee paid by a merchant to a bank for accepting digital payments. The move is part of the budget announcement in July.

Banks suffer Rs 3,800 crore loss to run current payment infra system, says SBI report

Factors like low merchant discount rates (MDR), low car...

Card payments push may land banks with a Rs 3,800 crore annual hole

After note-ban last November, the Modi government has pushed banks into d...

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