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AAP traders' wing asks Jaitley to waive off MDR

Press Trust of India  |  New Delhi 

Aam Aadmi Party's traders' wing today asked Union Minister to waive off the MDR, a concession given to petrol pump dealers, as it was eating into the profits of merchants.

In a letter to Jaitley, AAP's Trade Wing Convener Brijesh Goyal said 0.25 per cent Merchant Discount Rate (MDR) is levied on purchase below Rs 1,000, 0.50 on purchase of Rs 1,000-2,000, and 1 per cent beyond Rs 2,000 of purchase.

"When the profit margin of merchants is 2-3 per cent in some cases, how can they do business," Goyal said.

"We should also be given similar concession extended to petrol pump dealers," he said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, January 14 2017. 20:22 IST