Ministry of Finnace to engage with banks and traders to allay Merchant Discount Rate concerns
The Economic Times has reported a new India-focused policy development: “Ministry of Finnace to engage with banks and traders to allay Merchant Discount Rate concerns.” The publisher's feed describes the story as follows: In an effort to shield consumers from additional Merchant Discount Rate (MDR) charges, the finance ministry is set to consult with the Indian Banks Association. Meetings with traders' organizations are also scheduled to directly address their concerns about the recent MDR levy
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