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UPI and the cost of policy reversal
Economy

UPI and the cost of policy reversal

The government’s proposal to allow an MDR of 0.25–0.5% on UPI transactions above ₹2,000 reverses a decade-long policy; taxing the payment rail could weaken incentives for banks and fintechs to invest in UPI while undermining its role in financial inclusion, formalisation and wider digital adoption

BTC News Desk · 11 Aug, 9:25 am

Trump’s media company, which also owns Truth Social, reports $238m loss
Media

Trump’s media company, which also owns Truth Social, reports $238m loss

Company also announced a paid service for early access to president’s posts on policies to the social media siteDonald Trump’s media company – which owns the Truth Social platform favored by the US president – posted a $238m loss in the second quarter.Trump Media & Technology on Monday reported that losses in the three months through June came as the company branched into new ventures including crypto. The company’s new chief executive, Kevin McGurn, announced at a conference call about the

BTC News Desk · 11 Aug, 6:24 am