Digital payments committee submits report to PM Modi, urges abolition of MDR

Digital payments committee submits report to PM Modi, urges abolition of MDR A committee on digital payments, led by Andhra Pradesh Chief Minister N. Chandrababu Naidu submitted its interim report to Prime Minister Narendra Modi at Niti Ayog here on Tuesday. In a press conference held here, Naidu put light on recommendations made by the committee to Prime Minister Modi. The Committee has urged the government to abolish Merchant Discount Rate (MDR). The committee was also of the opinion that the incentives should be extended to micro ATMs, adding that banking cash transaction tax should be collected above an amount of Rs. 15,000. The meeting was also attended by Madhya Pradesh CM Shivraj Singh Chouhan, Maharashtra CM Devendra Fadnavis and Sikkim CM Pawan Kumar Chamling. (ANI)