How India's Jumbo King Is Taking On McDonalds And Burger King Without Selling Chicken Burgers.
NPCI chief Dilip Asbe stated that only about 10 per cent of the total value of UPI transactions might see charges passed to consumers under the merchant discount rate (MDR). He clarified that large corporates are expected to absorb most costs, and a significant portion of transactions will remain charge-free. A new fund from MDR collection is also proposed to boost UPI acceptance among small merchants.
NPCI chief Dilip Asbe stated that only about 10% of UPI transaction value might see charges passed to consumers, primarily from large corporates already absorbing credit card fees. He highlighted that 80% of Merchant Discount Rate (MDR) would come from businesses with over Rs 1,000 crore turnover, and a significant portion of transactions will remain charge-free. A new fund, potentially Rs 3,000 crore, will also be created from MDR collection to support small merchants and accelerate UPI acceptance.
Prime Minister Narendra Modi has called upon India's youth to dream big, assuring them of government support and resources, including a Rs 1 lakh crore Innovation Fund, to bolster the country's burgeoning startup ecosystem and drive its journey towards becoming a developed nation.
Underlining that students are the "architects of India's future," President Droupadi Murmu on Friday said the government is taking comprehensive steps to reform public examinations to completely curb paper leaks and unfair means, making the system transparent, secure, and trustworthy.
Prime Minister Narendra Modi celebrated 11 years of the Digital India initiative, highlighting its role in redefining governance, empowering citizens, and accelerating all-round development. He emphasised its impact on digital payments, direct benefit transfers, and expanding digital public infrastructure, making technology a powerful instrument for 'Ease of Living' across India, including tier-2 and tier-3 cities.
Former Hurriyat Conference leader Bilal Gani Lone on Sunday held a workers' rally in north Kashmir's Handwara constituency, signalling his entry into mainstream politics while asserting his claim to the political legacy of his slain father, Abdul Gani Lone.
In her address to the nation on the eve of the country's 80th Independence Day, the president stressed that just as government and society remain united to ensure national security, everyone must contribute through joint and concerted efforts to safeguard the present and future of students.
V D Satheesan was sworn in as Kerala's Chief Minister, with Governor Rajendra Vishwanath Arlekar administering the oath of office. The swearing-in ceremony was attended by prominent political figures, including Congress leaders and Chief Ministers of Congress-ruled states.
Kerala, Tamil Nadu and West Bengal have been fiscally stressed for a considerable period of time, and there are no easy ways to mobilise revenues to meet the cost of the promised freebies, particularly in the prevailing difficult economic scenario, points out M Govinda Rao.
The amazing story of how a little known cheese from Ladakh stunned the world!
Congress leader Rahul Gandhi has accused Kerala Chief Minister Pinarayi Vijayan of being 'afraid' of Prime Minister Narendra Modi, citing corruption allegations and a desire to protect his children.
Congress leader Rahul Gandhi has accused Kerala Chief Minister Pinarayi Vijayan of being 'afraid' of Prime Minister Narendra Modi, alleging corruption and a compromise of governance to protect his children.
Shiromani Akali Dal (SAD) president Sukhbir Singh Badal has criticised the Aam Aadmi Party (AAP) government in Punjab, alleging a decline in law and order and accusing them of using financial schemes to sway voters ahead of elections.
When her parents insisted Rajini Bhargava pursue an MBA, she presented them the idea of investing in a food truck.
Upset over being denied tickets by the Bharatiya Janata Party despite being its 'loyal workers for years', several aspirants have rebelled against the party and are now contesting the upcoming elections to the Nagpur Municipal Corporation (NMC) as independent candidates.
The event is aimed at raising about $1 billion.
'What made Gopi a man above others was his belief that business carried a broader purpose -- creating opportunity and bridging cultures.' Lakshmi Mittal, executive chairman, ArcelorMittal, pays tribute to Gopichand Hinduja who passed into the ages on November 4, 2025.
Amit Grover, founder, Nurture Talent Academy that trains young entrepreneurs, lists out ten common mistakes made by young entrepreneurs and offers solutions to tackle the same. Read on.
If you are an ace at solving crises, you have already mastered the game.
TiE Delhi invites applications from young Delhi students to its 2nd TiE Young Entrepreneurs Program. Read on for details.
Naveen Selvadurai, 28, co-founder of social networking app 'Foursquare', 26-year old Vikas Reddy who co-founded technology start-up 'Occipital', Sachin Agarwal, 30 of San Francisco-based start up 'Posterous' and 22-year old Stanford graduate Ooshma Garg have been named in the '30 under 30' 2010 list of 'America's Coolest Young Entrepreneurs' by the New York based magazine.
Youth Employment Summit Inc, a US-based non-profit organisation on Wednesday launched a global fund to provide seed capital and business development support to young entrepreneurs across the world.
'Success isn't about a single brilliant idea; it's about the relentless execution, the ability to withstand the storms, and the unwavering belief in your mission, even when no one else sees it,' Madhu Lunawat, founder, The Wealth Company.
With a budget of Rs 60 crore, Business Blasters, which is part of the Delhi government's Entrepreneurship Mindset curriculum, aims to nurture entrepreneurial skills among students, including taking calculated risks and bouncing back from failure.
'...are young Indians with aspiration to go to the US.' 'The dream has to be more about working in India...'
From using lavender in traditional Dogri embroidery to making essential oils, beauty products and food syrups infused with this flowering plant, Bhaderwah, once known for its maize fields, is embracing lavender to bring about an economic transformation to their small town.
Citing evolving needs and aspirations of the citizens, he said that the civil service must adapt to contemporary challenges to remain relevant.
'I tell young entrepreneurs if you don't have a great idea, if you don't have a good business model, don't think of a start-up.'
Starting up an independent business? Virender Kapoor has these words of advice for you.
Announcing Entrepreneurship Week India supported by the Wadhwani Foundation and run by the National Entrepreneurship Network.
'You don't need massive industry or huge energy resources.' 'You could start with just 3 or 4 people in a coffee shop and invent the world.'
'Can we give young India the tools to solve the problems the country or society faces and uplift the community?'
'The message that we intend to leave with at the end of this trip is one of real gratitude for the friendship and the close partnership that President Biden and Prime Minister Modi have enjoyed over the last four years, but also one of tremendous optimism because we see a lot of opportunity in the future.'
'Before you work on your business plan, before you build your team, you should have a clear idea about what your product is, who your customer is, how valuable the product is, and whether the market is deep and wide.'
BusinessWeek.com's annual competition finds a thriving startup culture in the region.
Ratan Tata was one of the world's most influential industrialists yet he never appeared on any list of billionaires. He controlled over 30 companies that operated in over 100 countries across six continents yet lived an unpretentious life. Ratan Naval Tata, who died at a Mumbai hospital on Wednesday night at the age of 86 years, enjoyed a perhaps unique status -- a corporate titan who was considered a 'secular living saint' with a reputation for decency and integrity.
This young CEO believes that one needs to think differently in order to succeed.
'It is the responsibility of industry to take the very bright talent whose knowledge of software engineering basics is very high, and then give them additional skills.'
Lavender cultivation employs around 5,000 farmers and young entrepreneurs in geographically remote areas of Kashmir.
