The Government has proposed changes to India’s payment laws. According to official estimates, the Rs 2,000 limit will affect only about 5 percent of all UPI transactions. These transactions account for nearly 65 percent of the total transaction value. Everyday purchases such as milk, vegetables, groceries, or auto and taxi fares will remain unaffected. The proposal, introduced as part of amendments to the Payment and Settlement Systems Act by Finance Minister Nirmala Sitharaman, proposed removing the existing prohibition on banks and payment service providers from levying MDR on electronic payment modes. It is worth noting that if the proposal is implemented, ordinary users will not be affected, but large merchants will no longer enjoy free UPI payments. Post navigation Textbook Errors Row: ସଂଶୋଧିତ ପାଠ୍ୟ ପୁସ୍ତକ ତ୍ରୁଟି ସମ୍ପର୍କିତ ଦାବିକୁ ଖଣ୍ଡନ କଲେ ରାଜ୍ୟ ସରକାର: ସଂଶୋଧନ ପ୍ରକ୍ରିୟା ଜାରି ରହିଥିବା ସୂଚନା मार्क जुकरबर्ग ने बच्चों के शोषण से जुड़ा कंटेंट, डीपफेक और ऑपरेटिंग एरर पर मांगी माफी
