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Centre rejected claims UPI MDR was due to foreign influence to appease Trump, says Finance Ministry policy is independent. From Oct 15, UPI transactions over Rs 2000 attract 0.4% MDR capped at Rs 300, paid by merchants receiving over Rs 1 lakh monthly.
The decision was announced by Union Minister Ashwini Vaishnaw during a briefing after a union cabinet meeting.
The government cited the group’s alleged involvement in radicalising youth, mobilising resources for anti-national activities, and promoting terrorism through violent activities.
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