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Hari Krishna Exports Celebrates 12 Years at The Capital, Mumbai

Conducts Life-Saving Initiative: Blood Donation Drive and Eye Check-Up Camp at Bharat Diamond Bourse, BKC, Mumbai

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Hari Krishna Exports Pvt. Ltd. (HK), a globally renowned ethical diamond sourcing company, commemorated its 12-year milestone at The Capital, Bandra Kurla Complex (BKC), Mumbai, with a significant humanitarian initiative—a blood donation drive. This event was not just a celebration of HK’s growth but a reaffirmation of its deep-rooted commitment to social responsibility.

A Legacy Built Over Decades

HK’s journey in Mumbai began in 1994, when the Dholakia brothers—Savji, Tulsi, Himmat, and Ghanshyam—opened their first Mumbai office at Panchatantra, marking a crucial step in expanding their diamond business. As the company grew, so did its presence in the city, moving to Shreeji Chambers in 1997 and later to Prasad Chambers in 2003 to accommodate its rising workforce.

By 2013, HK had firmly established itself as a leader in the diamond industry, opening its prestigious 44,000 sq. ft. office at Bandra Kurla Complex, Mumbai’s financial hub. This expansion showcases the company’s commitment to the relentless pursuit of excellence and innovation.

Celebrating with Purpose

To mark this 12-year milestone at The Capital, HK organised a large-scale blood donation drive, bringing together employees, industry partners, and volunteers. The event, held at the Convention Hall, BKC, Bandra (E), Mumbai, from 10 AM to 6 PM, witnessed an overwhelming response, with 520 units of blood collected, contributing to a cumulative total of 19983 bottles donated over the years.

This remarkable event was graced by our esteemed Mr. Kiritbhai Bhansali Mumbai BJP-Treasurer and Vice Charmen GJEPC, and other notable figures from the Banking and diamond industry were in attendance, lending their support to the cause and recognizing the company’s efforts toward philanthropy and employee well-being.

A Commitment Beyond Diamonds

HK has always prioritised the health and well-being of its employees, ensuring comprehensive health check-ups and wellness programs. The blood donation drive is just one of many initiatives aimed at fostering a culture of care, solidarity, and responsibility.

The event was meticulously organised with the support of experienced medical professionals, ensuring a smooth and safe donation process. Donors were provided with refreshments and tokens of appreciation, symbolising HK’s gratitude for their selfless act.

A Message of Gratitude and Vision for the Future

In a statement  Ghanshyam Dholakia expressed,“We are deeply grateful for the overwhelming participation in our blood donation drive. Over the past 12 years, our journey at The Capital has been made possible by the unwavering dedication of our employees, partners, and customers. This initiative is not just a celebration of our achievements but a testament to our commitment to giving back to society. We look forward to continuing this tradition of care and responsibility for years to come.”

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National News

MDR For UPI: Credit Card Bill Payments and Jewellery Purchases Remain Free For Consumers

Consumers Are Advised That Merchant-Imposed Surcharges On Card Or UPI Payments Violate Current Payment Guidelines

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Following recent industry discussions regarding the updated Merchant Discount Rate (MDR) framework for Unified Payments Interface (UPI) transactions, financial experts and industry leaders have clarified that individual consumers will not incur any additional charges when paying credit card bills or purchasing high-value items like jewellery via UPI apps.

Zero Fees on Credit Card Bill Payments via UPI

Despite the implementation of the revised UPI MDR structure, consumers using UPI-enabled applications to pay their credit card bills remain entirely exempt from MDR fees.

No Cost Impact for Users: Cardholders can continue paying their bills through standard UPI QR codes or app-based transfers without losing reward points, credit float advantages, or incurring extra costs.

Understanding BBPS Fees: While standard bank-to-bank UPI transfers do not carry MDR, credit card bill payments processed through the Bharat Bill Payment System (BBPS) may incur small convenience or processing fees set directly by participating payment platforms under their own commercial terms—not as part of the UPI MDR framework.

Framework for Jewellery Purchases and High-Value Merchants

For high-value retail transactions, including jewellery purchases, regulatory guidelines mandate that the burden of MDR falls strictly on merchants, not customers:

Consumer Exemption: Merchants and payment platforms are prohibited from passing MDR charges or platform surcharges directly onto buyers.

Capped MDR for Jewellers: Under the revised Person-to-Merchant (P2M) framework for transactions exceeding Rs 2,000, jewellers and high-value merchants absorb a capped MDR of 0.4% (up to a maximum limit of Rs 300 per transaction for purchases of Rs 75,000 and above).

Payment Transparency: While jewellers absorb nominal fees for bank-linked UPI transactions, standard credit card fees continue to apply to credit card swipes and RuPay-credit card UPI transactions.

Consumers are advised that merchant-imposed surcharges on card or UPI payments violate current payment guidelines.

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