UPI MDR fee hike: Government stands firm, Congress raises objections

The government has declined to reverse the recent hike in UPI Merchant Discount Rate (MDR), maintaining its position despite pushback from opposition parties. Congress leader Rahul Gandhi has criticised the move, arguing it will burden small merchants and traders.

The MDR increase affects the fees charged to merchants for UPI transactions. The Centre's decision to proceed with the hike underscores its stance on the policy, even as political opponents contend the measure could harm small businesses and informal economy players.