UPSC daily current affairs

UPSC daily news summary — 20 September 2026

The Supreme Court stayed a High Court order striking down Section 147A of the Income Tax Act while parliamentary discussions on UPI Merchant Discount Rate frameworks continued.

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1 polity Section 147A Income Tax Act Supreme Court Stay The Supreme Court stayed a decision by the Punjab and Haryana High Court that declared Section 147A of the Income Tax Act unconstitutional. GS2

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2 economy Merchant Discount Rate Framework UPI Standing… The Parliamentary Standing Committee on Finance defended its report proposing a structured revenue model for digital payments. GS3

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3 economy Merchant Discount Rate UPI Transactions The Reserve Bank of India clarified that the introducing of a Merchant Discount Rate on select high-value UPI transactions will not cause a resurgence in cash usage. GS3

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