Retailer groups call off October 2, 'No UPI Day' after meeting Finance Minister
- Retailer groups called off their planned October 2 No UPI Day after meeting Sitharaman.
- All India Mobile Retailers Association
- AIMRA and All India Consumer Products Distributors Federation AICPDF raised concerns over the proposed UPI merchant discount rate.
- Retailers urged the government to defer MDR implementation until after the festive season.
- Groups suggested gradually introducing MDR at 0.20% before increasing it to 0.40%.
Source: ndtvprofit.com
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