January 14, 2017 8:43:41 pm
In a letter to Jaitley, AAP’s Delhi Trade Wing Convener Brijesh Goyal said 0.25 per cent Merchant Discount Rate (MDR) is levied on purchase below Rs 1,000, 0.50 on purchase of Rs 1,000-2,000, and one per cent beyond Rs 2,000 of purchase.
“When the profit margin of merchants is 2-3 per cent in some cases, how can they do business,” Goyal said.
“We should also be given similar concession extended to petrol pump dealers,” he said.
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