The Lok Sabha has taken a vital step by passing a Bill aimed at simplifying tax rules to enhance investment attractiveness. The new legislation abolishes a limitation on specific electronic payment options, allowing banks and providers to charge merchants on transactions.
Additionally, the government is empowered to revise the zero-MDR scheme for UPI and RuPay. This initiative is poised to drive advancements in the financial sector’s infrastructure and innovative capabilities.
This story was reported by The Times of India. Read the full coverage at The Times of India.
