National · National
What happens when merchants pass on UPI MDR costs to customers?
Source: Hindu BusinessLine · 1 day ago
Summary
A study by IIT Bombay found that when merchants add the UPI merchant discount rate to their prices, customers buying items above a certain amount end up paying more. This price increase also spreads to lower‑priced purchases, so even shoppers spending less experience higher costs.
AI-generated summary. Verify important details at the source.
From the original report
An IIT Bombay study mentions two aftereffects: First, consumers who purchase goods/services for more than ₹2,000 pay a higher price; second, the higher selling prices percolate even to those making purchases of less than ₹2,000
Excerpt from Hindu BusinessLine.
ScanSeva shows summaries and short excerpts only and always links to the original publisher.
More like this
National · National
Pico-Union shooting: Los Angeles dad kills his kids, 10 and 4, before attempting suicide – what we know so far
A father in Los Angeles' Pico‑Union neighborhood shot his two children, who were under ten years old, killing them. After the murders, he attempted to take his own life but survived. The incident is being investigated.
Hindustan Times · 21 hr ago
National · National
Why is stock market down today? Sensex, Nifty 50 crash - Top 3 factors behind stock market decline explained
The Sensex fell by more than 600 points, dropping close to 1% to an intraday low of 71,845. At the same time, the NSE’s Nifty 50 slipped 0.75% and reached a low of 22,352 for the day.
Livemint · 21 hr ago
National · National
NH-65 expansion work in Telangana to begin by January 2027: NHAI chief
The National Highways Authority of India told Telangana officials that the widening of the Hyderabad‑Vijayawada stretch of NH‑65 will start by January 2027, after tenders close in November 2026. The project will enlarge the current four‑lane road to six lanes with service roads and controlled‑access features, aiming to ease congestion and improve safety on this major inter‑state route.
The Hindu · 21 hr ago
National · National
Anti-CEC row LIVE: Delhi Police denotify Jantar Mantar as protest site; suggest three new locations
Delhi police have removed Jantar Mantar’s status as a designated protest site and offered three alternative locations for demonstrations. A bloc of participants is set to begin a march at 1:30 p.m. from the Barakhamba intersection near Connaught Place. Meanwhile, the chief justice has turned down a request for a meeting, noting that the matters raised are already under judicial consideration.
The Hindu · 21 hr ago
National · National
India wastes 4% of solar power amid power shortages in July, August
In July and August, roughly four percent of the electricity produced by solar plants was not taken up by the grid, indicating that the transmission network is insufficient. The shortfall was identified by a study from a research group focused on energy and air quality.
Hindu BusinessLine · 21 hr ago
National · National
Integrate workforce health into business strategy, says Neerja Birla
Neerja Birla emphasized that companies should make employee health a core part of their business plans. She noted that workplace health now includes not only physical safety but also preventive medical care, counseling services, and wellness benefits. Integrating these elements can help improve overall workforce well‑being.
Hindu BusinessLine · 21 hr ago