The Finance Ministry has refuted allegations that US pressure influenced the decision to levy a 0.4 per cent Merchant Discount Rate (MDR) on select UPI payments. The ministry clarified that the NPCI guidelines prioritise RuPay credit cards on UPI to promote domestic alternatives and ensure a self-sustaining revenue model for smaller domestic companies, countering claims of favouring foreign payment providers.
Iranian President Masoud Pezeshkian urged BRICS nations to expand trade in national currencies and build an inclusive global economic framework. He criticised "unilateral sanctions" by Western powers, stating they make emerging economies vulnerable and impact global food security. Pezeshkian emphasised BRICS' role in creating a balanced world order and highlighted Iran's geopolitical and energy capacities for cooperation.
Finance Minister Nirmala Sitharaman announced that the Goods and Services Tax (GST) Council's October 7 meeting will focus on 'GST 2.0' process reforms, including e-invoicing and input tax credit rules, while also addressing complex issues surrounding the taxation of the digital economy and cryptocurrency.
The West Bengal government has transferred approximately 32 acres of land to the Border Security Force (BSF) for fencing along the India-Bangladesh border, a process that had been pending for several years. The state cabinet also approved proposals for additional land transfers for permanent border outposts and further fencing work in various districts.
Fintech giant PhonePe has launched 'PhonePe UPI 123Pay', a new service enabling UPI transactions for feature phone users without requiring an internet connection. This initiative aims to bring digital payment capabilities to over 200 million feature phone users, promoting financial inclusion across India.
The Delhi High Court has dismissed a Public Interest Litigation (PIL) challenging the closure of Visakhapatnam Airport for commercial flights, directing the petitioner to approach the Andhra Pradesh High Court instead. The court cited "forum non conveniens," stating that the primary impact and cause of action lie in Visakhapatnam, where a similar PIL is already pending. The petitioner argued that the decision to close the existing airport for 30 years, transferring operations to a new airport 60 km away, was arbitrary and wasted public funds.
Manchester United have agreed a deal to sign Brighton & Hove Albion midfielder Carlos Baleba for an initial 65 million, with potential add-ons.
West Bengal's Chief Minister has ordered a special investigation into alleged fake accounts linked to the Lakshmir Bhandar scheme, a women's cash transfer initiative by the previous government, citing illegal cash transfers and men falsely claiming benefits.
SCTIMST and Invasive Technologies have launched "Chitra Core," a new drug-eluting coronary stent designed with significantly less metal to reduce complications. This indigenous innovation, developed in collaboration, aims to provide advanced and cost-effective cardiac care, building on decades of Indian medical device development. The institute is also developing a unique TiN-coated stent for global markets.
Prime Minister Narendra Modi presented Russian President Vladimir Putin with a Russian translation of the Thirukkural, the classical Tamil work by poet-philosopher Thiruvalluvar, ahead of the BRICS Summit in New Delhi.
The West Bengal government has transferred 142.79 acres of land to the Border Security Force (BSF) to facilitate the construction of outposts and barbed-wire fencing along the India-Bangladesh border, according to Chief Minister Suvendu Adhikari.
Infosys Chairman Nandan Nilekani stressed the need for India to develop population-scale tokenisation infrastructure capable of handling billions of transactions, rather than merely focusing on issuing tokens. He highlighted the importance of interoperability, liquidity, and high volumes for tokenisation to expand across various asset classes and use cases.
The Supreme Court has refused to stay contempt proceedings initiated by the Bombay High Court against a judicial officer for an "unwarranted outburst" in court. The apex court observed that a judicial officer cannot shout at judges and deemed the officer's conduct as "gross indiscipline," advising him to tender an unconditional apology to the High Court. The High Court had initiated proceedings after the officer allegedly blamed the court administration in a high-pitched tone during a hearing on fast-track court posts.
Rajya Sabha MP Raghav Chadha has accused the Aam Aadmi Party (AAP) government in Punjab of political vendetta after his name was marked as 'shifted' in the draft electoral rolls despite being registered in Mohali. The AAP has refuted the claims, stating that Chadha has been living in Delhi and was attempting to get his voter registration made in Delhi through a 'backdated process'.
A deleted video posted by actor Vikram, showing him cuddling a Lar Gibbon, has brought to light the illegal possession and transfer of these endangered primates in Tamil Nadu, prompting a forest department investigation.
Chief Justice of India Surya Kant has stated that allegations of "maladministration" and "favouritism" made by Supreme Court judge Justice Sandeep Mehta against Acting Chief Justice of Rajasthan High Court Sanjeev Prakash Sharma cannot be adjudicated in the public domain, emphasising that Justice Sharma must be given a fair opportunity to respond.
Finance Minister Nirmala Sitharaman has urged the Reserve Bank of India to accelerate its central bank digital currency initiatives, emphasising the need to sharpen capabilities with the digital rupee amidst rapid advancements in tokenisation, agentic AI, and quantum computing. She also highlighted critical concerns regarding cybersecurity, warning that autonomous AI systems are evolving rapidly and require robust safeguards. Sitharaman proposed a federated industry platform to give India's technology ecosystem a collective international voice.
Prime Minister Narendra Modi has called upon the fintech industry to expand the global footprint of the Unified Payments Interface (UPI), advocating for its integration with international payment systems to reduce remittance costs for the Indian diaspora. Speaking at the Global Fintech Fest, Modi highlighted UPI's current presence in 11 countries and its connection with Singapore's local system, urging further expansion into nations with significant Indian populations or trade ties. He also stressed the need for India to set its own global payment standards and for the fintech sector to innovate beyond payments, focusing on cybersecurity, ethical data protection, and regulatory frameworks.
A cook at a government ashram school in Thane district, Ganpat Gavli, arrested for allegedly molesting 22 minor female students, was a habitual offender who had previously been jailed under the POCSO Act and reinstated, an official revealed.
Indian kabaddi player Brijendra Singh Choudhary has been stripped of his silver medal from the Asian Beach Games after testing positive for a prohibited diuretic. The International Testing Agency (ITA) confirmed the anti-doping rule violation, which Choudhary has accepted.
Unified Payments Interface (UPI) transactions in India reached Rs 29.8 lakh crore in August, approaching record levels. Volume also hit a new high of 24.51 billion transactions, driven by festive activities like Raksha Bandhan. The digital payment system continues its rapid growth, expanding its global presence to 11 countries, with further growth anticipated during the upcoming festive season and new use cases like credit on UPI.
US President Donald Trump is expected to sign the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 later on Friday (local time). A White House official confirmed the development to ANI without revealing further details.
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 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.
The Supreme Court has directed the Indian Coast Guard (ICG) to consider granting permanent commission to Short Service Appointee (SSA) officer Priyanka Tyagi and other similarly placed women, pending vigilance clearance. This follows earlier strong remarks from the court against the ICG's "vague" and "arbitrary" policy regarding women officers, emphasising gender equality in the armed forces.
West Bengal Chief Minister Suvendu Adhikari has ordered a special investigation into alleged fake beneficiaries of the Lakshmir Bhandar scheme, a women's cash transfer programme from the previous government, also initiating a money laundering probe.
India's Unified Payments Interface (UPI) recorded an unprecedented 24.51 billion transactions valued at Rs 29.8 lakh crore in August, largely propelled by the Raksha Bandhan festival. This surge marks a 22% annual increase in volume and 20% in value, highlighting the expanding reach and depth of the UPI ecosystem. Experts anticipate further growth during the upcoming festive season, while UPI's international acceptance now spans 11 countries.
India-born Manjit Singh Bedi has been placed on the FBI's most wanted fraudsters list for allegedly orchestrating a significant US government benefits fraud scheme and subsequently fleeing to India.
Chelsea manager Xabi Alonso addressed speculation surrounding midfielder Enzo Fernandez's future ahead of their Premier League opener against Fulham.
Ladakh Lieutenant Governor Vinai Kumar Saxena has approved new rules for the regularisation of 'nautor lands', granting proprietary rights to eligible landholders. This move aims to resolve a long-pending issue, provide legal certainty, and allow land to be used as a financial asset for thousands of residents in the Union Territory.
Emami Group has officially concluded its role as an investor and manager in East Bengal Football Club, transferring all shares and voting rights back to the club. The group will, however, continue its association with East Bengal FC as a sponsor, reaffirming its commitment to Indian football. This transition follows a successful period for the club under Emami's ownership, marked by significant victories for both men's and women's teams.
Hockey India has issued a show-cause notice to its Director General, Cdr R K Srivastava, immediately stripping him of all powers. The notice lists eight charges, prominently featuring the controversial change in the Indian team's World Cup jersey and Srivastava's unauthorised travel to the event despite directives to focus on the Hockey India League. He has four weeks to respond, failing which further action will be taken.
ISRO has successfully launched EOS-05, India's first geo-imaging satellite, into a precise sub-geosynchronous transfer orbit using a GSLV rocket. This 2,367 kg satellite, the heaviest ever carried by a GSLV, will provide real-time imagery for applications in agriculture and disaster management from an altitude of 36,000 km.
Tottenham Hotspur has reportedly agreed a 75 million deal, with an additional 10 million in add-ons, to sign Manchester City winger Savinho. This move follows a previous unsuccessful attempt by Spurs to acquire the Brazil international and comes as they also pursue City's Egypt forward Omar Marmoush.
The reforms, undertaken by the Department of Defence Production, remove stakeholder consultation for exports of non-lethal defence items to most destinations, while retaining safeguards for sensitive countries.
'Modi had his own cricket team in his school days. He was a good cricketer.'
Whether it's a five-star banquet hall, a school lunch supplier, a blood bank, or a Bollywood actors' surrogate advertisements, Tukaram Mundhe seems to have an opinion, a bye-law, and very possibly an inspection team on standby.
It is about proving that the agency can still deliver when the stakes are high.
The challenge for India lies in navigating complex landscape to its best advantage. The BRICS Summit will test its navigation skills, asserts former foreign secretary Shyam Saran.
Devastating flash floods near the Tibet-Nepal border have led to the evacuation of over 1,000 people, including tourists, from Gyirong County. The floods caused casualties in both Tibet and Nepal, disrupted infrastructure, and prompted a Level-IV alert due to a rapidly forming barrier lake with a high risk of breaching and causing further downstream flooding.
