
India to Restore UPI Merchant Fees, PhonePe Gains Most
India's government plans to amend the Payment and Settlement Systems Act to restore UPI merchant discount rates, ending the zero-MDR regime in place since January 2020.
Key Takeaways
May 3, 2026 · 2 min read · By Rishabh Bhardwaj
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Assam's 2021 Assembly election results will be declared on May 4, with votes counted across 40 centres spread over all 35 districts of the state. The outcome will settle whether the BJP secures a rare third consecutive term or Congress mounts a successful comeback.
A total of 722 candidates contested across 126 Assembly constituencies. Their fates, locked in Electronic Voting Machines (EVMs) since polling closed, will be unsealed simultaneously at the 40 counting centres under tight security.
For the BJP, a win would be a significant milestone, three back-to-back majorities in Assam would consolidate the party's grip on one of the Northeast's largest and most politically significant states. The party has held power since 2016, ending a 15-year Congress run.
Congress is leading a broad opposition alliance and is hoping to reclaim ground it lost in the previous two elections. A successful comeback would restore the party's foothold in the Northeast, a region where its presence has shrunk steadily over the past decade.
EVMs store votes digitally, removing the need for paper ballot counting. On counting day, machines are unsealed in a fixed sequence under the watch of candidates' representatives and election officials. Results from each round are announced progressively, so seat-by-seat tallies emerge through the morning and afternoon before a final picture forms.
The 40 counting centres covering all 35 districts are designed to process results across the state's geographically spread constituencies in parallel, which typically means a clear majority picture emerges within a few hours of counting starting.
Security arrangements at counting centres are standard practice to prevent any interference with machines or the process after polling has closed.
Watch for early leads in urban constituencies like Guwahati seats, which often signal broader trends. The final seat tally, and whether any party crosses the 64-seat majority mark in the 126-seat house, will determine who forms the next government.

India's government plans to amend the Payment and Settlement Systems Act to restore UPI merchant discount rates, ending the zero-MDR regime in place since January 2020.
India's government has introduced the Taxation and Other Laws (Amendment) Bill, 2026, proposing changes to payments regulation, income tax, and the Finance Act to attract FDI and support Make in India. The Bill's final shape will depend on parliamentary debate and committee review.
The government's Taxation and Other Laws (Amendment) Bill, 2026, proposes to replace the blanket UPI MDR ban with a system allowing the Centre to notify which payment modes stay fee-free.
Prime Minister Narendra Modi inaugurated the Rs 5,000 crore Bhogapuram greenfield airport in Andhra Pradesh, built under a public-private partnership model. He also laid foundation stones for infrastructure projects worth nearly Rs 18,000 crore in the state, signalling a broad investment push for the region.