A new Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, effective October 15, could force small merchants and price-sensitive consumers to revert to cash, according to economic think tank GTRI. The move, which introduces a 0.4 per cent MDR with a Rs 300 cap and concessional rates for specific categories, is questioned by GTRI founder Ajay Srivastava, who suggests it's not a revenue issue for the government but potentially a response to US pressure regarding UPI and RuPay's preferential market position.
Experienced golfer Shiv Kapur shot a 69 to extend his lead to 13-under at the AM Green IGPL Invitational. His performance has helped RVR Delhi Blue Bulls share the team lead with Auro Goa Eagles at 17-under. Varun Chopra of Auro Goa is in second place individually, three shots behind Kapur.
Tokyo Olympics silver medallist Mirabai Chanu secured a silver medal at the Asian Games, completing her medal hunt across major tournaments. She attributes this success to intense training, a strong focus on injury prevention, and rehabilitation, especially after narrowly missing a medal at the Paris Olympics. Chanu is now preparing for the 2028 Los Angeles Olympics, planning to change her weight category and improve her snatch technique.
The Lava Bold N4 Pro 5G sports a sleek flat back, with its dual-camera module neatly housed in a raised rounded-rectangle unit at the top-left.
Indian men's doubles badminton player Satwiksairaj Rankireddy discusses the reasons behind his and Chirag Shetty's unexpected first-round exit from the Asian Games. He highlights the need to improve their mental game and acknowledges their opponents' strong comeback, while Chirag Shetty admits they could have played smarter.
The Supreme Court has refused to grant an interim stay on the imposition of Merchant Discount Rate (MDR) on UPI person-to-merchant transactions exceeding Rs 2,000, which is set to take effect from October 15. The court has agreed to examine the challenge to this new fee and has issued notices to the Centre, RBI, and NPCI, seeking their responses within four weeks. A Public Interest Litigation (PIL) argues that the levy lacks statutory safeguards, transparency, and public consultation, and could adversely affect merchants and consumers.
The BJP has accused the Congress of spreading "fake news" regarding UPI transaction charges, asserting that the government has clarified that consumers will not be levied merchant discount rate (MDR) charges. This comes after the Congress criticised a government notification, alleging it paves the way for imposing fees on UPI transactions. The BJP has strongly refuted these claims, highlighting that most UPI transactions remain free and the government provides incentives to maintain a charge-free ecosystem for users.
Ace Indian shuttler PV Sindhu voiced strong displeasure regarding the "not really well organised" badminton scheduling at the Asian Games, citing three matches in 24 hours and insufficient recovery time.
Indian badminton doubles pair Satwiksairaj Rankireddy and Chirag Shetty, world No. 5, suffered a surprising first-round exit at the Asian Games, losing to Thailand's Pakkapon Teeraratsakul and Peeratchai Sukphun. The duo cited a demanding schedule, lack of recovery, and mental struggles as factors, while also acknowledging their opponents' strong performance.
US President Donald Trump on Monday (local time) defended his decision to bar CNN, MS NOW, and POLITICO from the White House, characterising the media access ban as an action against "fake news" rather than an attack on constitutional press freedoms.
Abhijeet Dipke has issued a strong call to Indian opposition parties, urging them to boycott elections if they genuinely believe the electoral process is rigged, arguing that their continued participation only legitimises alleged unfairness.
Khalin Joshi has extended his lead to two shots at the inaugural Rs 1 crore Nava Raipur Open after a bogey-free four-under 30 in the second round. The Bengaluru golfer now stands at nine-under 59, showcasing consistent ball-striking despite challenging weather conditions that shortened rounds to nine holes.
The Indian government has introduced a 0.4% transaction fee on UPI payments above Rs 2,000 for merchants, effective October 15, sparking a political row. The Congress party has labelled it a "Modi tax" and accused the government of succumbing to US pressure, while the BJP has defended the move, clarifying that consumers will not be charged and small vendors are protected. The finance ministry reiterated that the charge is on merchants, not customers.
The Bombay Bar Association and senior lawyer Satish Maneshinde have strongly criticised the use of police force against students protesting the NEET leak issue in Mumbai. Maneshinde has offered pro bono legal assistance to any student facing legal action, while the BBA emphasised the constitutional right to peaceful assembly and dissent.
The Allahabad High Court has ruled against compelling employees to wear Santa Claus red caps, stating such actions can hurt religious sentiments and are not permitted in India's democratic system. The court partly allowed a plea challenging criminal proceedings against an individual accused of forcing subordinates to wear the caps, clarifying how such cases should be treated under law.
Virat Kohli, after becoming the second batter to reach 15,000 ODI runs and scoring his 55th ton, stated that personal milestones are not his primary focus.
'UPI has been free since Covid, so why is the government charging us now?'
Government sources clarify that the 0.4% merchant discount rate (MDR) on UPI transactions above Rs 2,000, effective October 15, will not be passed on to consumers. The charge, paid by merchants, aims to create a sustainable revenue framework for the digital payments ecosystem, with funds shared among banks and UPI entities. Small merchants using QR codes for up to Rs 1 lakh monthly are exempt.
The Indian government has confirmed there will be no rollback of the 0.4 per cent Merchant Discount Rate (MDR) charges on Unified Payments Interface (UPI) transactions exceeding Rs 2,000, effective from October 15. Despite opposition, officials state the decision aims to make the UPI ecosystem self-sustainable and secure, with charges applying only to merchant payments, not person-to-person transactions.
Fintech firm BharatPe has publicly supported the government's new Merchant Discount Rate (MDR) framework for UPI merchant transactions, which introduces a 0.4% fee on transfers over Rs 2,000. The company has also distanced itself from its former co-founder Ashneer Grover's strong criticism of these changes, stating his remarks are personal and do not reflect BharatPe's official position. BharatPe believes the new framework will strengthen digital payment economics while protecting consumers and small merchants.
The Enforcement Directorate has attached fresh assets worth Rs 442 crore belonging to online gaming company Gameskraft and its app RummyCulture, bringing the total frozen assets in the money laundering probe to Rs 2,843 crore. The agency alleges the company used bots to defraud users and generated proceeds of crime through platform commissions.
Chef Sabyasachi Gorai proves how delicious meat-free meals can be by filling in crisp tacos with juicy pulled plant-based meat, topped with fresh vegetables and Mexican flavours.
A court in Bhiwandi, Thane, rejected the anticipatory bail application of former BJP MLA Narendra Pawar in a gangrape case. The court deemed the allegations grave and a prima facie case, necessitating custodial interrogation. Pawar and another accused, Shailesh Patil, are accused of gangraping a woman at a farmhouse after luring her there.
A member of the National Traders' Welfare Board (NTWB) has urged the central government to withdraw its decision to impose a 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000, effective from October 15. He warned that the new charge, which will be borne by merchants, could negatively impact business growth and lead to higher prices, contradicting the government's 'ease of doing business' policy.
India's Agriculture Secretary Atish Chandra has warned that the upcoming rabi (winter) crop season is likely to be challenging for rainfed areas due to the strengthening El Nio weather pattern, potentially affecting foodgrain production. This comes as Maharashtra declares drought in nearly 74 per cent of its talukas, highlighting the immediate impact of climate change.
The Reserve Bank of India (RBI) has endorsed the introduction of a Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000, effective October 15. This move, which levies a 0.4 per cent fee on merchant payments above the threshold, aims to bolster the long-term sustainability and growth of India's digital payments ecosystem. The RBI clarified that person-to-person (P2P) transactions and small person-to-merchant (P2M) payments below Rs 2,000 will remain free for users, ensuring no direct charge on customers.
Fintech company BharatPe has expressed strong support for the government's new Merchant Discount Rate (MDR) framework for UPI merchant transactions, which introduces a 0.4% fee on transfers exceeding Rs 2,000. The company explicitly distanced itself from critical remarks made by its former co-founder Ashneer Grover, clarifying that his views do not represent BharatPe's stance. BharatPe CEO Nalin Negi highlighted that the framework aims to strengthen digital payment economics, protect consumers and small merchants, and expand adoption in underserved markets, with most transactions remaining unaffected.
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.
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".
The Bahujan Samaj Party (BSP) has appointed Ishan Anand, Mayawati's younger nephew, as its new national coordinator. This decision follows the removal of his elder brother, Akash Anand, from all party responsibilities. The appointment was made at a national executive meeting, where Mayawati reiterated the party's commitment to avoiding dynastic politics.
The Congress party has strongly criticised the Modi government's decision to introduce a 0.4% Merchant Discount Rate (MDR) on UPI transactions over Rs 2,000, alleging it is a result of US pressure to benefit American card companies. The party also linked this move to broader US actions against India, including tariffs and H-1B visa issues, coining the term "Narendra's Ongoing Trump Appeasement." The government, however, clarified that consumers will not bear the charge, which applies only to merchants.
The Congress party has accused the Modi government of succumbing to US pressure by introducing a 0.4% Merchant Discount Rate (MDR) on UPI transactions over Rs 2,000 for merchants. The party alleges this move aims to benefit US card companies and links it to broader US actions against India, including tariffs and H-1B visa issues. The government, however, clarifies that consumers will not be charged.
CPI(ML) Liberation general secretary Dipankar Bhattacharya has strongly criticised the newly introduced Merchant Discount Rate (MDR) on select UPI transactions, labelling it a "UPI tax" and demanding its immediate rollback. He drew parallels with demonetisation, arguing that the new framework would negatively impact small shopkeepers, MSMEs, and ordinary citizens by increasing prices.
The Election Commission has issued an interim order preventing rival factions of the All India Trinamool Congress (AITC), led by Mamata Banerjee and Arup Roy, from using the party name and its "Flowers and Grass" symbol during the upcoming West Bengal by-elections. Both groups have been directed to submit preferred names and symbols by Friday morning for recognition and allotment for the bypolls, as the EC undertakes a substantive determination of the party dispute.
Spain, led by a brace from Lamine Yamal, defeated Croatia 4-1 to extend their unbeaten run and maintain a perfect start in the Nations League. Meanwhile, England secured a 2-0 victory over 10-man Czech Republic with goals from Anthony Gordon and Harry Kane, also continuing their strong performance in the tournament.
Haier has expanded its television portfolio in India with the Mini LED M70 series, bringing premium display technology, gaming-focused features and smart connectivity to a range of screen sizes.
Virat Kohli, after becoming the second batter to reach 15,000 ODI runs and scoring his 55th century, stated his primary motivation is team victory, not personal milestones.
The Finance Ministry has refuted allegations that US pressure influenced the decision to levy a 0.4% Merchant Discount Rate (MDR) on select UPI payments. It clarified that NPCI guidelines prioritise RuPay credit cards on UPI to foster a domestic payment ecosystem and that the MDR introduction aims to create a sustainable revenue model for smaller domestic companies, thereby protecting India's sovereignty in digital payments.
The RSS-affiliated Bharatiya Kisan Sangh (BKS) is set to host its inaugural women's conclave in New Delhi, aiming to advocate for increased representation of women farmers in agricultural policymaking. The event will bring together 7,000 women farmers to discuss their significant contributions to farming, livestock, and fisheries, and to push for policy changes, including a shift from MSP to MRP for produce.
Veteran golfer Khalin Joshi has significantly extended his lead to six shots at the halfway stage of the Bengaluru Open 2026, following a strong four-under 68 in the second round. He now stands at 15-under 129, with local teenager Manoj S in second place.
