Merchants will be subject to an 18 per cent Goods and Services Tax (GST) on the Merchant Discount Rate (MDR) for UPI payments exceeding Rs 2,000, but can mitigate this burden by claiming input tax credit (ITC), according to tax experts.
'The biggest difference between our marriage and that of our parents' generation is not simply that times have changed. It is that modern marriages require two people to continuously understand, support and adapt to each other while navigating a much more demanding world,' says Rahul Kulkarni.
Suriya and Jyotika marked their 20th wedding anniversary by renewing their vows in a touching ceremony.
Tax experts clarify that merchants will pay 18% GST on Merchant Discount Rate (MDR) for UPI payments exceeding Rs 2,000, effective October 15. However, registered merchants can claim Input Tax Credit (ITC), mitigating the tax burden. This move is expected to generate significant GST revenue for the exchequer while funding payment infrastructure.
The National Payments Corporation of India (NPCI) stated that the Merchant Discount Rate (MDR) "is distributed only amongst the UPI ecosystem, to further invest into infrastructure resilience, innovation, cybersecurity (protecting the UPI infrastructure with banks and non-banks) and customer service."
The opposition has strongly criticised the government's decision to introduce a 0.4% Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 for merchants, effective October 15. They allege the move is a result of US pressure and will lead to increased commodity prices, calling it a "betrayal" of the common man. The government, however, clarifies that customers will not be charged, and the MDR applies only to merchants for larger transactions.
GIS intelligence solutions provider Mirai Aerospace Systems and Software Solutions has signed an MoU with US-based GreenValley International Inc to strengthen India's geospatial and LiDAR remote sensing manufacturing base. The collaboration focuses on local assembly, manufacturing, technical support, and the development of AI-driven LiDAR applications, aiming to meet India's growing demand across various sectors.
The Union Cabinet has approved an increase in the mandatory wage ceiling for Employees' Provident Fund Organisation (EPFO) coverage from Rs 15,000 to Rs 25,000 per month. This move, the first revision in 12 years, is set to extend social security benefits to over 51 lakh additional employees and reflects sustained wage growth and formal employment expansion.
China's dominant table tennis team is preparing for the Aichi-Nagoya Asian Games, bringing a mix of Olympic champions and young debutants. They are wary of the host nation Japan, particularly in the women's game, while also focusing on developing talent for the 2028 Olympics.
Opposition MPs have voiced strong criticism against the government's new fee on UPI payments exceeding Rs 2,000 to merchants, calling it "anti-people" and expressing widespread "outrage". The issue was raised in a Parliamentary Standing Committee meeting, where concerns were also flagged regarding the methodology of GDP growth calculation and the government's stance on Virtual Digital Assets.
Infinix has expanded its tablet portfolio with the global debut of the Xpad 30 Pro. The new model sports an 11-inch panel with 2.5K resolution and comes in three colour variants.
The Supreme Court has rejected pleas to reconstitute a high-powered committee investigating alleged police excesses against student protesters in Delhi, stating that the allegations against the panel were based on conjecture. The court emphasised the committee's role in ensuring fairness and transparency, and directed it to proceed with its inquiry into various issues including the use of pellet guns, targeted violence, and property destruction, while ensuring protection and confidentiality for vulnerable witnesses.
TOPGUN Shooting Academy is set to launch Vision Impaired (VI) Shooting across its branches in India. This initiative aims to make the sport accessible to visually impaired individuals, utilising sound-based technology for target aiming, and is recognised by World Shooting Para Sport (WSPS).
The Congress party has accused the Indian government of imposing new charges on UPI transactions due to pressure from the United States, specifically to benefit American card companies. The opposition party demanded the withdrawal of the decision, calling it "anti-national" and alleging it fills the coffers of US firms while burdening Indian citizens. The government, however, clarified that the Merchant Discount Rate (MDR) charges apply only to commercial transactions above Rs 2,000 and are not levied on consumers, a stance supported by the BJP which accused Congress of spreading "fake news".
Indian boxer Parveen Hooda is set to compete in the Asian Games, aiming to win a medal after her previous bronze was revoked due to a WADA suspension for whereabouts failures. Her comeback journey has been marked by significant challenges, including changing weight categories multiple times, overcoming injuries, and adapting her training to a new division. Hooda is determined to prove herself and achieve a podium finish, viewing it as unfinished business.
The Retailers Association of India (RAI) has voiced concerns that the government's new 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 could reverse the progress of digital payment adoption among small retailers. This fee, effective October 15, places the burden on merchants operating on thin margins, potentially pushing them back to cash transactions and undermining the government's formalisation agenda, especially ahead of the festive season.
Here's a fun way to test your memory!
Researchers from IIT Guwahati and BHU have devised an eco-friendly biological method to treat textile wastewater, specifically targeting toxic azo dyes. Their novel bacterium, 'Brevundimonas sp. AJZ05', effectively degrades 98.50 per cent of Direct Blue-6 dye, producing non-toxic byproducts, offering a sustainable alternative to conventional chemical treatments.
Indian athletes, including wushu and table tennis players, faced initial check-in difficulties upon arrival for the Asian Games in Nagoya. While some wushu players and coaches reportedly had issues with room allocation on the designated cruise ship, officials stated the problems were resolved. The Games' accommodation plan involves a mix of cruise ships, container rooms, and hotels, with some contingents already raising concerns about the quality and availability of lodging.
Indian steeplechase champion Avinash Sable faced a career-threatening knee injury and subsequent psychological struggles, leading to 14 months on the sidelines. Despite a tough upbringing, the physical and mental toll of inactivity and a second injury pushed him to the brink of retirement. With renewed determination and support, Sable has overcome his fears and is now back in competitive shape, aiming to defend his Asian Games title.
India's cement industry is on the brink of an oversupply situation as aggressive capacity expansion by major players is set to outpace demand growth over the next two financial years, potentially leading to pricing pressures and moderated utilisation rates.
Two students from Satyawati College were injured and two SUVs damaged during an altercation in northwest Delhi's Bharat Nagar area, near the college, while campaigning for student union elections. Police are investigating the incident, which involved reports of assault and firing, and are examining potential links to college rivalries or personal disputes.
rediffGURU Radheshyam Zanwar, founder of Zanwar Classes, clarifies doubts and guides young aspirants on eligibility for science, and engineering entrance exams.
Opposition parties, including Congress, TMC, and RJD, have strongly criticised the government's decision to impose a 0.4% Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000 made to merchants. They allege the move is a result of "American imperialism" and will lead to increased commodity prices, while the government maintains the charge is on merchants and not consumers, with person-to-person transactions remaining free.
Rinku Singh is making the most of his break in the UK, swapping cricket for football and basketball.
The Supreme Court has refused to quash proceedings under the Prevention of Corruption Act against former NSE MD and CEO Chitra Ramkrishna, stating that the trial court will determine whether she can be considered a 'public servant' under the Act.
Leg-spin all-rounder Vipraj Nigam has been named as the replacement for senior spinner Varun Chakravarthy in India's Asian Games cricket squad. Chakravarthy was ruled out due to a side strain, marking a setback after his recent return from injury. Nigam, a Delhi Capitals player, brings IPL experience to the team.
The RSS-affiliated Swadeshi Jagran Manch (SJM) has urged the government to reconsider imposing a merchant discount rate (MDR) on UPI transactions above Rs 2,000, arguing that the costs do not warrant such a move. This comes after the government announced a 0.4 per cent fee on merchant transfers over Rs 2,000 from October 15, while assuring that person-to-person and small payments remain free. SJM co-convener Ashwani Mahajan highlighted that banks have not demanded MDR and that UPI has reduced their transaction costs.
South Korean male professional tennis players face a unique challenge: mandatory military service, which interrupts their careers for 18 months. This article explores how players like Seong-chan Hong, Hyeon Chung, and Soonwoo Kwon adapt to this obligation, with some earning exemptions through sporting achievements while others navigate a return to the professional circuit after their service.
India has summoned Pakistan's Charge d'Affaires to protest the "unacceptable conduct" of a Pakistan Navy vessel that collided with an Indian Navy ship in international waters. The Ministry of External Affairs lodged a strong protest, citing a contravention of a 1991 agreement on military movements, and instructed its envoy in Islamabad to do the same.
Opposition MPs have voiced strong concerns regarding the government's decision to levy a 0.4 per cent fee on UPI payments above Rs 2,000 made to merchants, effective October 15. They argue that this "anti-people" move will negatively impact a large segment of the population, despite the finance ministry clarifying that the charge is on the merchant ecosystem and not directly on customers for P2P or small payments.
Thank you, Dear Readers, for sharing your pictures of Lord Ganesha.
Sanjukta Parashar, an IPS officer with a formidable background in counter-insurgency, has made history by becoming the first woman inspector general of the CRPF's elite CoBRA force.
Indian para shooters Millie Shah, Mona Agarwal, and Avani Lekhara secured a gold medal in the R2 women's 10m air rifle standing SH1 team event at the Changwon 2026 WSPS Para Shooting World Championships. The men's team also won silver, and individual medals were claimed by Mona Agarwal (silver) and Avani Lekhara (bronze), significantly boosting India's medal tally.
A minor argument over a matchbox in northwest Delhi escalated into a fatal stabbing incident, leaving one man dead and another injured. Police have apprehended three individuals, including the main accused who allegedly used a knife, following the Tuesday night incident in Keshav Puram.
Salman Khan gets the Ganpati rituals wrong, and sister Arpita Khan Sharma sweetly guides him.
PAYD suits infrequent drivers who can estimate annual mileage.
Shares of fintech firms, particularly Paytm, saw significant movement after the Indian government introduced a 0.4 per cent fee on UPI transfers exceeding Rs 2,000 made to merchants, effective October 15.
The government is introducing a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant payments above Rs 2,000, effective October 15. This move ends the zero-MDR regime, aiming to fund UPI infrastructure and sustainability, as the previous government subsidy was insufficient to cover operational costs. Payments between individuals and most everyday merchant transactions will remain free.
