devdiscourse

The revised fee framework for Unified Payments Interface (UPI) transactions could indirectly burden consumers through higher retail prices, even as merchants are barred from directly passing on the charges, an IIT Bombay report has warned, calling for changes to the proposed model. The report estimates that the Merchant Discount Rate (MDR) framework could generate around Rs 18,000 crore annually for payment service providers. However, it argues that businesses may incorporate the additional expe

The Reserve Bank of India is set to announce its monetary policy decision on Wednesday, with economists divided over whether the Monetary Policy Committee will raise the repo rate immediately or wait until December, even as most expectations point to a tightening cycle of up to 75 basis points amid rising inflation risks and global uncertainty. The MPC's three-day meeting, being held from October 5 to 7, comes after it kept the repo rate unchanged at 5.25 per cent in August and retained a neutra