Top events today: Gen Rawat to take over as CDS, Railway fare hike, & more

Business Standard brings you top events that are lined up for Wednesday

No MDR charge on online payment modes from Jan 1

Users will no more be required to pay merchant discount rates (MDR) when they make a digital payment using RuPay debit card, UPI, or UPI QR code starting next year. In a gazette notification, the revenue department of the Finance Ministry announced to amend Income-tax Rules, 1962, and prescribed use of the RuPay card and UPI for digital transactions to avoid MDR charges. The rule will come into effect from January 1, 2020 i.e Wednesday. Read more...

General Rawat to take over as CDS on