Transfin.

Cabinet Clears Strategic Disinvestment of Five PSUs, Government Could Scrap MDR on All Debit Cards

Cabinet clears strategic disinvestment of five small PSUs. Government reportedly considering waiving MDR on all debit cards. CCI bats for self-regulation by ecommerce companies.

 

POLICY

Cabinet clears strategic disinvestment of five small PSUs.

Private Matters: Yesterday, the Union Cabinet cleared the proposal for the strategic disinvestment of five small PSUs. These are Neelachal Ispat Nigam Ltd, Minerals and Metals Trading Corporation Ltd, National Mineral Development Corp, MECON and Bharat Heavy Electrals Ltd. Business Today

 

Cabinet Clears Strategic Disinvestment of Five PSUs, Government Could Scrap MDR on All Debit Cards

 

Government reportedly considering waiving MDR on all debit cards.

Digital Dilemmas: The government is reportedly planning to waive the Merchant Discount Rate (MDR) on all debit cards. The move could be announced on February 1st, when the Union Budget will be unveiled.

 

Recently, MDR on payments made through Rupay debit cards and Unified Payments Interface (UPI) was scrapped. While scrapping MDR can incentivise digital payments, it also results in revenue loss for commercial banks and digital payments platforms. Moneycontrol

 

CCI bats for self-regulation by ecommerce companies.

Help Youselves: In a recent report published by the Competition Commission of India (CCI), it has called for self-regulation by ecommerce companies to mitigate some of the issues plaguing the sector. The CCI batted for ecommerce companies setting out a clear and transparent policy on data that is collected on [their platforms], the use of such data...and also the potential and actual sharing of such data with third parties or related entities.” More details here.

FIN.

Hand-curated Business News from Top Publishers & Platforms, Richly Crafted to Fit into One Wholesome Email. Subscribe Now to receive a nuanced 360 Degree account of key events from the World of Business and Finance every day.