Govt Sources say: Banks will monitor merchants that MDR (Merchant Discount Rate) should not be passed on to consumers.
Indian Bank Association (IBA) will make a mechanism and make sure that MDR on UPI is not passed on to consumers
Finance Ministry will hold meeting with IBA (Indian Banks' Association) on UPI issue
Finance Ministry will also meet with merchants and CAIT (Confederation of All India Traders) on MDR issue
IBA to start an explanatory campaign in every regional language for consumer awareness
GST Council likely to take a view with respect to GST on MDR
Congratulate @ONGC_ on discovering gas in the deep waters of Mahanadi Basin. Glad to know that there is encouraging flow and reservoir pressure from the discovered wells. #Odisha will strengthen the energy resilience of the nation and boost economy.