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Govt defers 0.4% UPI MDR past Diwali; Ashneer Grover quips govt should defer its own Diwali to 2047.

Name: Govt defers 0.4% UPI MDR past Diwali; Ashneer Grover quips govt should defer its own Diwali to 2047.
Uploaded: 2026-10-13T10:41:32+00:00
Description: The government has deferred the proposed 0.4% MDR on UPI merchant transactions until Diwali, giving merchants and payment companies more time to prepare. Reacting to the decision, Ashneer Grover took a dig at the government, saying it should defer its own Diwali until 2047, when India aims to become a developed nation.

Published 13 October 2026

The government has deferred the proposed 0.4% MDR on UPI merchant transactions until Diwali, giving merchants and payment companies more time to prepare. Reacting to the decision, Ashneer Grover took a dig at the government, saying it should defer its own Diwali until 2047, when India aims to become a developed nation.

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Producer: Spot On
Topics: Government accountability
Last updated: 13 October 2026