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TECHNOLOGY

UPI MDR Changes Must Balance Transaction Security and Rising Costs: CII President

CII President R Mukundan said changes related to the Merchant Discount Rate (MDR) on UPI transactions need to balance the security of digital payments with rising capital expenditure. He also highlighted opportunities to expand BRICS trade and investment by reducing non-tariff barriers, aligning standards and improving cross-border movement of goods.

Govt Proposes Stricter Rules for Schedule H, H1, X Drugs, CCTV at Medical Stores

The government has proposed amendments to the Drugs Rules, 1945 to strengthen oversight of Schedule H, H1 and X drugs, including recommending CCTV surveillance at medical stores. The move aims to prevent unauthorised access and sale of these medicines without valid prescriptions and enhance accountability across the pharmaceutical supply chain.

India to Supply Up to 654 MW Power to Flood-Hit Nepal Through Winter: Report

India has approved the export of up to 654 MW of electricity to Nepal for 18 hours a day through December 31 after flash floods damaged hydropower infrastructure.

Global spending

Global AI spending set to hit $2.7 trillion in 2026, up 49.5 pc

AI infrastructure remains the biggest spending driver as growing enterprise demand creates a $1.2 trillion AI services opportunity by 2030.

Delhi HC Asks Centre if Policy Planned to Address ‘Addiction-Causing’ Social Media Design

The Delhi High Court has asked the Centre whether it is considering a policy to address social media design features such as infinite scroll, autoplay and algorithmically curated feeds.

India Housing Price Index Rises 3.6% in Q1FY27 Despite Higher Inflation: Report

India’s Housing Price Index rose 3.6% year-on-year in Q1FY27, matching its growth rate a year earlier, according to a Bank of Baroda report. Chandigarh, Jaipur and Kanpur recorded the strongest annual price growth, while Tier-2 cities continued to drive housing demand amid higher construction and commodity costs.

AI, Real-Time Analytics Can Cut Customs Costs, Boost Trade Efficiency: CBIC

CBIC Chairman Vivek Chaturvedi has called for greater adoption of AI, machine learning and real-time analytics in Customs to create a near-touchless and paperless experience for businesses. He also stressed stronger support for MSMEs, deeper data integration and wider use of the Authorised Economic Operator programme to facilitate legitimate trade.

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