Current Affairs 04 | MDR on UPI Payments | CLAT 2027 Preparation

Lecture by Manu Mishra Sir 📕 Click Here To Download Free Notes of "CLAT NEXUS + 2027 Batch"👇 https://www.pw.live/study-v2/batches/... CLAT 2027 Paid Batches 📕 Click here to Enroll "CLAT POWER PREP 2027 BATCH" 👇 https://physicswallah.onelink.me/ZAZB... 📕 Click here to Enroll "CLAT SELF PREP 2027 BATCH" 👇 https://physicswallah.onelink.me/ZAZB... 📕 Click here to Enroll "CLAT Rank Booster 2027 Batch" 👇 https://physicswallah.onelink.me/ZAZB... 📕 Click here to Enroll "CLAT Titans 2027 Batch "👇 https://physicswallah.onelink.me/ZAZB... 📕Click Here To Get "CLAT KIT 2027"👇 https://physicswallah.onelink.me/ZAZB... ------------------------------------------------------- CLAT 2028 Paid Batches 📕 Click Here To Enroll "CLAT ZENITH 3.0 2028 BATCH"👇 https://www.pw.live/study-v2/batches/... 📕 Click Here To Enroll "CLAT ZENITH 2.0 2028 BATCH"👇 https://physicswallah.onelink.me/ZAZB... 📕 Click Here To Enroll "CLAT ZENITH PRO 2028 BATCH"👇 https://physicswallah.onelink.me/ZAZB... 📕 Click Here To Enroll "CLAT ZENITH 2028 BATCH"👇 https://physicswallah.onelink.me/ZAZB... ------------------------------------------------------- CLAT 2027 Free Batches 📕 Click Here To Enroll "MISSION 100 DAYS TO CLAT 2027 Batch" 👇 https://physicswallah.onelink.me/ZAZB... 📕 Click Here To Enroll "CLAT NEXUS + 2027 Batch"👇 https://www.pw.live/study-v2/batches/... 📕 Click Here To Download Free Notes Of "The Hindu Editorial Analysis/The Indian Express Explained Section/Weekly Current Affairs"👇 https://physicswallah.onelink.me/ZAZB... 📕 Click Here To Download Free Notes Of "LEGAL UPDATES For CLAT 2027"👇 https://physicswallah.onelink.me/ZAZB... 📕 Click Here To Enroll "All India Open Mock CLAT 2027"👇 https://physicswallah.onelink.me/ZAZB... 📕 Click Here To Enroll "CLAT Basic 2027 Batch"👇 https://physicswallah.onelink.me/ZAZB... ------------------------------------------------------- CLAT 2028 Free Batches 📕 Click Here To Enroll "All India Open Mock CLAT 2028"👇 https://physicswallah.onelink.me/ZAZB... ------------------------------------------------------- Master important Economy Current Affairs for CLAT 2026 & CLAT 2027 with Episode 04 of the Nexus Plus Series! In this session, Manu Mishra Sir decodes the critical policy update on Merchant Discount Rate (MDR) on UPI Payments, its legal and economic framework, and its relevance for law entrance exams. ⏱️ Timestamps 00:00 - Introduction & Session Roadmap (Nexus Plus Batch) 01:40 - Overview: NPCI Revision of UPI Merchant Charge Framework 04:00 - What is Merchant Discount Rate (MDR)? (0.4% on P2M ₹2,000) 06:00 - Impact on Consumers vs. Merchants (Why P2P & Sub-₹2,000 P2M Remain Free) 08:35 - Key Concepts: NPCI, UPI, MDR & Virtual Payment Address (VPA) 11:26 - Stakeholders Explained: PSP, Acquirer Bank, Issuer Bank & Interchange Fee 14:12 - Step-by-Step Flow: How a UPI Transaction & MDR Settlement Works 17:18 - Historical Timeline: Launch of UPI (2016) to the Zero-MDR Era (2020) 18:14 - Payment and Settlement Systems (PSS) Act, 2007 (Section 10A & Section 269SU) 19:15 - 2026 Reforms: PSS Act Amendment & Taxation Laws Amendment Act 21:45 - MDR Slabs Breakdown: P2P, P2M, Small Merchants, Utilities & Capital Markets 24:18 - Consumer Protection Act 2019 & Protection Against Hidden Surcharges 25:00 - Calculation Examples & Applicable 18% GST on MDR 26:36 - Legislative Journey & Regulatory Ecosystem (RBI, DFS, Payments Regulatory Board) 29:28 - Constitutional Challenges in Supreme Court (Anjan Dutta v. UOI & Article 110 Money Bill Issue) 31:22 - Economic Rationale: UPI Infrastructure Maintenance Costs vs. Government Subsidy 32:40 - Stakeholder Perspectives: Fintechs, Traders, Banks & Opposition 34:25 - Global Expansion of UPI: Live Countries (Nepal, Bhutan, UAE, France, Singapore, etc.) 35:00 - Wrap-up & Class Summary ------------------------------------------------------- Current Affairs | CLAT 2027 Nexus Plus Batch | CLAT 2027 Preparation | PW CLAT    • Current Affairs | CLAT 2027 Nexus Plus Bat...   ------------------------------------------------------- 📲 PW App/Website: https://physicswallah.onelink.me/ZAZB... 📚PW Store: https://physicswallah.onelink.me/ZAZB... ------------------------------------------------------- 📌 For any Queries or Complaints visit: https://bit.ly/PW_Queries OR give a Missed Call on 07019-243-492 66b0c542218f727d25274c48 ------------------------------------------------------- #CLAT2027 #CurrentAffairs #CLATPreparation #CLATGK #CLAT