Tax & ComplianceLiveMint — Money

‘Seems to be an issue between the broker and client; no govt talks on new UPI MDR’: NSE CEO Ashish Chauhan

26 Sept 2026 · 20h agoSource: LiveMint — Money

NSE CEO Ashish Chauhan stated there have been no talks with the government regarding the new Merchant Discount Rate for UPI payments, which he claims is a matter for brokers and clients to resolve. The new MDR framework takes effect on October 15, impacting capital-market transactions.

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‘Seems to be an issue between the broker and client; no govt talks on new UPI MDR’: NSE CEO Ashish Chauhan

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