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UPSC Daily Current Affairs Analysis

Every morning our editors scan The Hindu, Indian Express, Times of India, PIB, Down To Earth, RBI, ministries, the World Bank, IMF and UN agencies, and turn the 10 most exam-relevant stories into syllabus-mapped analysis with infographics, Prelims MCQs and Mains model answers.

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Today's edition

Friday, 6 November 2026

5 analysed stories

Reference illustration of UPI digital payments, which enable real-time money transfers. The dispute concerns how merchant-payment charges should fund the system while preserving affordability.#3
EconomyGS 3

UPI Merchant Charges: NPCI’s Supreme Court Defence and the Zero-MDR Trade-off

NPCI has defended before the Supreme Court a reported framework imposing merchant discount rate charges of up to 0.4% on UPI person-to-merchant transactions above ₹2,000, arguing that universal zero MDR is financially unsustainable. According to its submission, person-to-person transfers and merchant payments up to ₹2,000 remain free. The dispute concerns how to finance payment infrastructure and cybersecurity without undermining affordability, merchant acceptance and legal safeguards.

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