The use of Unified Payments Interface (UPI) has increased rapidly in the last few years in the country. The central government is not considering re -implementing the merchant discount rate (MDR) on these transactions. The Finance Ministry has given this information. The ministry has said that UPI will remain a low cost platform for the digital payments.

Recently a media report states that the government has more value Upi Zero MDR is reviewed again on payments. This report said that MDR is being considered to apply on transactions worth more than Rs 3,000. A report by the NDTV Profit quoted sources who are aware of the case as saying that a proposal is being considered to allow MDR on more value UPI transactions.

A senior official had said that last week, a meeting between the Prime Minister’s Office, Department of Financial Services and Department of Economic Affairs was considered to change the policy. However, sources have said that the government has no plans to implement MDR on low -value transactions. The National Payments Corporation of India (NPCI), which operates UPI, plans to add 20 to 30 crore new users for UPI. Its retail users have exceeded 45 crores.

UPI’s popularity increases rapidly and India’s contribution to digital transactions in the world is also increasing. A recent PWC report reported that in the last 12 years, retail digital payments have increased by about 90 times. NPCI’s plan also includes increasing UPI features. In the second half of the previous year, the value of transactions was increased to Rs 198 lakh crore with the use of mobile phones. This is an increase of about 30 percent on a year-on-year basis. It has an increased stake of UPI transactions. NPCI extended the volume limit for these transactions for two years. Apart from this, it was allowed to provide UPI services for all users of WhatsApp.

After the volatility of the last few days, the crypto market was on Wednesday. The biggest cryptocurrency in terms of market value was a slight loss in the price of Bitcoin. Apart from this, most of the cryptocurrencies were boom. The decisions associated with the tariff of American President Donald Trump may have an impact on the market.

International Crypto Exchange after this report is published Binance But the price of bitcoin declined by about 0.70 percent to more than $ 1,08,600. The second largest cryptocurrency Ether raised about 0.30 percent. The Ether’s price was trading at $ 2,632. Another prefit -pructocurrency included avalanche, tether, polkadot and BNB. There was a decline in the price of Solana and XRP. In the last one day, Crypto’s market capitalization rose by about one percent to about 3.43 million million dollars.

Market analysts say that bitcoin has declined after an attempt to cross the $ 1,11,000 level. However, the arrest is bullish due to increasing purchases in this most popular cryptocurrency. The price of the Ether is running near $ 2,600. This has indicated the trust of investors. However, there is consolidation in the market and traders are waiting for signals from the breakout. In an interesting development, Trump Media has a bitcoin treasury deal of about $ 2.5 billion with Crypto.com and Anchorage. Bitcoin accounts for about 63 percent in the Crypto Market.

Payments are also being accepted in cryptocurrency in some countries. Recently, Bhutan and Dubai have also joined the list of these countries. Earlier this month, Bhutan announced the launch of the crypto payment system. For this, one of the large crypto exchanges has been tie-up with a binance. The objective of this decision of Bhutan is to protect tourists from problems like currency exchange rates and low availability of international cards and provide easy means of payments. Tourism flight tickets going to this neighboring country of India will be able to make payments in Crypto for visiting hotels, tourist destinations and shopping. For this, Bhutan’s first fully Digital Bank – DK Bank and Binance have tied up. Payment for government services in Dubai can also be made in crypto.

Flipkart, one of the big e-commerce companies, will shift its holding company to India from Singapore. Flipkart’s parent company Walmart plans to bring its Initial Public Offer (IPO). Many Indian startups kept their base abroad due to more capital and low tax. However, some of these startups are returning from Singapore and America due to better IPO possibilities in India. Dual listing is not allowed in India.

Flipkart stated in a statement, “This step is a common process. Our holding structure is being associated with our main business.” Flipkart started from selling online books about 17 years ago. The company expanded many product categories after this. In India Amazon This is the rivalry. Flipkart shifted its holding company to Singapore in 2011. About seven years ago, American retail company Walmart bought a large stake in Flipkart. Walmart also got the ownership of Digital Payments Company PhonePe with it. The controlling stake was then with Flipkart in the PhonePe.

About three years ago, PhonePe broke away from Flipkart and shifted its headquarters from Singapore to India. This had to pay Walmart to pay a tax of about one billion dollars. Walmart plans to list both Flipkart and PhonePe in the next few years. Last year, Walmart’s Executive Vice President, Dan Bartlett reported that PhonePe started preparing for listing on stock exchange in India.

The market of e-commerce in the country is estimated to increase by 2028 to more than $ 160 billion. Violations of laws related to foreign investment have also increased the scope of Enforcement Directorate (ED) investigation against Amazon and Flipkart. These companies say that they follow the laws of the country. However, the ED has been investigating the allegations against these companies for the last few years. These companies were accused of controlling the inventory of Goods through selected sellers. Under the country’s law, foreign e-commerce companies cannot keep inventory of products sold through their website and can only operate as a marketplace of sellers.

Ola Electric, one of the large electric two-wheeler companies, has announced to start a hyper delivery for its vehicles. In this, customers will be delivered with vehicle registration within hours of purchasing electric scooters online or at the company’s store. Recently, the company formed a team to handle the process of registration of its vehicles.

Ola Electric told the stock exchange in a filing that the company has decided to handle the process of its vehicle registration itself as well as using Artificial Intelligence (AI) for automation. This has made it much easier from purchasing of the company’s vehicles to delivery. Ola Electric has started the trial of Hyper delivery in Bengaluru and will soon be expanded across the country.

Recently, the company had reported that its unit Ola Electric Technologies have resolved the case of the outstanding amount with its former vehicle registration service provider Rosmerta by mutual consent. Regarding this outstanding amount, Rosmerta filed a petition against Ola Electric Technologies to initiate insolvency proceedings. Ola Electric had reported that Ola Electric Technologies have settled with mutual consent by Ola Electric Technologies. Rosmerta has filed a memo to withdraw petitions related to insolvency from the National Company Law Tribunal (NCLT), Bengaluru. Ola Electric said that he is committed to maintaining strong business relations and timely disposal of any commercial disputes.

In March, Ola Electric sales declined by 56 percent. Last month, Ola Electric sales was around 23,430 units. This is a 56 percent decline in sales on year-on-year basis. Ola Electric has been facing difficulties for the last several months. In February, the government has sought information from Ola Electric for not matching the sale and registration data of the company’s vehicles. The company had said that in February it was sold around 25,000 vehicles. However, only about 8,600 registrations of the company’s vehicles were seen on a government portal. Ola Electric had said that this is a matter of temporary pending of registration of vehicles.

American President Donald Trump was greatly helped by Billionaire Elon Musk in the election. Tesla’s Chief Musk, one of the large electric vehicle (EV) companies, has also been given significant responsibility in the new US government. Trump has alleged that his opponents are trying to boycott Tesla by illegally alliances. Trump has decided to support Musk by purchasing a new Electric car from Tesla.

Tesla’s share price has declined by 47 percent since Trump took over as President on 20 January. Trump said in a post on his social media platform Truth Social, “I want to tell all the people of Republic, Conservatives and America that Musk is doing excellent work to help our country but the hardcore leftist is trying to boycott Tesla by combining the staunch leftist illegally. I am buying a new Tesla as a performance and support for Musk.” However, Trump did not say which model of Tesla would buy.

The people of America, who opposed Musk and Trump, are doing negative posts against Tesla on social media. In India too, Tesla is preparing to start a business. The company’s first showroom in the country may open at Brandra Kurla Complex (BKC) in Mumbai. The company has taken a space of about 4,000 square feet in BKC’s Maker Maxity Building. For this, a securities deposit of about 2.11 crore rupees has been given. The fare for this space will be Rs 35.26 lakh per month.

Last month, Musk had a meeting with Prime Minister Narendra Modi during his visit to America. Initially the company may import EV from its factory in Berlin, Germany. In the next few years, the company can set up its factory in the country. The central government is working on a new policy to promote the manufacturing of EV in the country. In March last year, the government reduced custom duty to 15 percent on the import of EV with special conditions. In the new EV policy, the turnover for car makers can be a condition to increase the turnover of Rs 2,500 crore within the second year of starting business.