Droupadi Murmu

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Last Updated: Just Now

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National Governance & Policy Just now (06:22 PM IST)

Murmu, Modi Praise Pilot Smit Machchhar for Averting Flydubai Disaster

President Droupadi Murmu and Prime Minister Narendra Modi have publicly lauded Captain Smit Machchhar for his role in preventing what they described as a potentially catastrophic flydubai flight incident. Modi said the pilot acted with exceptional courage and without regard for his own safety, while Murmu praised his heroic presence of mind and composure under pressure.

By RDU Global Wire5 min read

Banking, Fintech & InsuranceJust now (10:19 PM IST)

RBI Deputy Governor Says UPI Merchant Fee Will Not Trigger Cash Surge as MDR Returns on High-Value Payments

The Reserve Bank of India’s Deputy Governor Shirish Chandra Murmu has said the reintroduction of a Merchant Discount Rate on UPI payments above Rs 2,000 will not automatically push consumers back to cash. His remarks come as policymakers prepare for the October 15 rollout, reigniting debate over the economics of digital payments, merchant costs and the future of India’s fast-growing cashless ecosystem.

6 min readRead →

Banking, Fintech & InsuranceJust now (01:35 AM IST)

UPI MDR Set for October 15 as RBI Deputy Governor Says Merchant Fees Will Not Automatically Drive Cash Usage

India’s payments landscape is heading into a new phase on October 15, when a merchant discount rate on UPI transactions above Rs 2,000 is set to take effect. RBI Deputy Governor Shirish Chandra Murmu said the move should not be read as a trigger for a return to cash, arguing that digital payments and cash circulation can rise at the same time for different economic reasons.

5 min readRead →

Banking, Fintech & InsuranceJust now (02:58 PM IST)

UPI MDR to Begin October 15 as RBI Says Merchant Fees Won’t Trigger Cash Surge

The Reserve Bank of India’s deputy governor has sought to calm concerns that the return of merchant discount rates on select UPI payments will push consumers back to cash. Shirish Chandra Murmu said digital payments and cash circulation have been rising in parallel, arguing that cash serves both as a transaction medium and as a store of value. The clarification comes ahead of the October 15 rollout of MDR on UPI transactions above Rs 2,000, a move that could reshape merchant economics in retail-heavy sectors, including automotive and mobility. The policy debate now centers on whether the fee will be absorbed by businesses, passed on to customers, or simply become another cost in India’s fast-expanding digital payments stack.

4 min readRead →

Banking, Fintech & InsuranceJust now (07:39 PM IST)

UPI MDR Set for October 15 as RBI Says Merchant Fees Won’t Drive Cash Back

The Reserve Bank of India’s deputy governor has sought to calm concerns that the return of a merchant discount rate on UPI payments above Rs 2,000 will push consumers and businesses back toward cash. Shirish Chandra Murmu said digital transactions and cash circulation can rise together, arguing that cash serves both as a payment tool and a store of value in the economy.

6 min readRead →

Banking, Fintech & InsuranceJust now (06:14 PM IST)

UPI MDR from October 15 Won’t Trigger Cash Surge, RBI Deputy Governor Says

The Reserve Bank of India’s Deputy Governor Shirish Chandra Murmu has said the introduction of a merchant discount rate on UPI payments above Rs 2,000 from October 15 is unlikely to push consumers back to cash. He argued that India’s payments landscape shows digital transactions and cash circulation can rise together, with cash continuing to serve both as a medium of exchange and a store of value.

5 min readRead →

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Co-Occurring Entities

Entities frequently referenced alongside Droupadi Murmu:

Smit Machchhar(1)New Delhi(1)Narendra Modi(1)flydubai(1)