Shirish Chandra Murmu

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Last Updated: Just Now

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Automotive, EVs & Mobility Just 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.

By RDU Global Wire6 min read

Automotive, EVs & MobilityJust 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.

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National Governance & Policy6h ago

Naidu Backs Election Commission's SIR Clarification, Says Misconceptions Have Been Put to Rest

Andhra Pradesh Chief Minister N. Chandrababu Naidu has welcomed the Election Commission's unanimous clarification on the Special Intensive Revision of electoral rolls, saying it reaffirmed the integrity and credibility of India's constitutional institutions. He said the process was conducted collectively and in line with established protocols, and warned against attempts to erode confidence in the democratic system for short-term political gain.

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Corporate, M&A & Industry6h ago

Tata Family Tussle Puts TVS-Hanno Warehousing Deal Under the Lens as India's AI Bets Deepen

A corporate dispute involving the Tata group has drawn fresh scrutiny to a warehousing arrangement between TVS Motor and Hanno One Warehousing, a company run by family members of Tata Sons chairman N Chandrasekaran. Regulatory filings reviewed by YourStory indicate the deal is more extensive than previously understood, involving a 29-year lease, a build-to-suit structure and a facility in Tamil Nadu's Krishnagiri district. The development comes as India's tech funding landscape shows a sharp concentration of capital into fewer, larger bets and as Google Cloud says India is moving quickly from AI experimentation to deployment, with partnerships spanning consumer hardware, agriculture and commerce.

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Co-Occurring Entities

Entities frequently referenced alongside Shirish Chandra Murmu:

Reserve Bank of India(2)New Delhi(2)