organization · 5 records
Office of the United States Trade Representative
No US pressure behind UPI transaction fee introduction says Finance Ministry
The Union Finance Ministry clarified that there was no US pressure behind introducing a 0.4% Merchant Discount Rate on select UPI transactions.
Supreme Court Petition Challenges New MDR Charges on UPI Transactions
A public interest litigation has been filed in the Supreme Court challenging the Indian government's notification imposing a 0.4% Merchant Discount Rate (MDR) on UPI merchant payments exceeding ₹2,000.
Finance Ministry rejects US influence allegations regarding new UPI MDR policy
The Indian Finance Ministry denied that US pressure influenced new UPI Merchant Discount Rate policies, asserting they are designed to support domestic competition and RuPay.
India-US Bilateral Trade Agreement: Piyush Goyal reveals what US should announce to finalize deal
India's Commerce and Industry Minister Piyush Goyal stated that a bilateral trade agreement with the US will be finalized once preferential tariff terms are offered.
Twenty five US states sue Trump administration over new global tariffs
A coalition of 25 US states led by New York, California, and others has sued the Donald Trump administration over new tariffs on 60 trading partners including India, alleging they are illegal and unconstitutional.