Fixed Net Char Event displays values without selecting an element

Changes:
- onUpdateElement was getting called separately for type and name, so the change in type was not happening because of timing delay.
So added separate code for updating it only once.
- Removed 8081 port for MEEP_HOST in package.json since it is not required now

Test:
- All UT's and Cypress test passed
- Manually checked, the old behaviour is not observed