The Indian government has clarified that consumers will not be charged for UPI transactions, and most merchant transactions will also remain free. This comes amidst speculation following an amendment to the Payment and Settlement Systems Act, 2007. Any future merchant discount rate (MDR) would be nominal, threshold-based, and aimed at ensuring UPI's long-term sustainability and infrastructure development.
Tata Motors expands its market leadership in India's electric passenger vehicle (ePV) segment, capturing 39 per cent of the market in Q1FY27, while simultaneously strengthening its position as the nation's second-largest carmaker amidst fierce competition and rapid market growth.
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Student organisations across India celebrated the resignation of Union Education Minister Dharmendra Pradhan, attributing it to their nationwide protests against alleged NEET irregularities. While welcoming the move as a victory, groups like NSUI, AISA, and SFI affirmed their commitment to continue agitations until broader demands for accountability, transparency, and education reforms, including scrapping the NTA and NEP, are met.
The Supreme Court is reviewing a plea challenging the 2025 SHANTI Act, which caps liability at Rs 3,000 crore for nuclear plant incidents, raising concerns about victim compensation and operator accountability.
Education sector experts agree that using the "best technology" was essential to ensure students did not have to sit for an examination all over again because of a question paper leak.
'They talked bad about our leaders. They said India was a dead economy. They were not sensitive to the Indian psyche.'
Employees never truly disconnect from their minds, which leads to chronic stress, poor sleep and lower productivity levels, says Kumar Rajagopalan, vice president-strategic initiatives and head of operations of Dexian India.
India's retail inflation rose to 4.38 per cent in June, driven primarily by costlier food items, pushing it above the Reserve Bank of India's median target of 4 per cent for the first time under the new series.
Tata Sons, the holding company of the Tata group, continues to be classified as an 'upper-layer non-banking financial company' (NBFC) by the Reserve Bank of India (RBI), despite its application to deregister as an NBFC-Core Investment Company (CIC) remaining under consideration. This classification subjects it to enhanced regulation and a mandatory listing requirement, which remains uncertain.
India's foreign policy establishment is adjusting with alacrity in real time -- an extraordinary spectacle in itself, considering the manifest reluctance to indulge in public diplomacy critical of American moves, observes Ambassador M K Bhadrakumar.
India and Bangladesh are seemingly moving closer to resuming bilateral cricket ties, with a six-match white-ball series in September now appearing likely after a gap of nearly a year in scheduled meetings between the two sides.
The United States and India are on the verge of finalising a landmark bilateral trade deal, aiming to boost trade to USD 500 billion by 2030, according to US Deputy Assistant Secretary of State Bethany Poulos Morrison. The agreement seeks to open India's 1.4 billion-strong market to American goods on reciprocal terms, with ongoing high-level discussions to recalibrate the pact after recent changes in US tariff policy.
The Jharkhand government is holding fresh discussions with student aspirants protesting alleged recruitment exam irregularities, even as the health of key protest leader Devendra Nath Mahto has significantly deteriorated after being on an indefinite hunger strike for about a week.
Meta Platforms CEO Mark Zuckerberg has issued an apology for the temporary removal of Prime Minister Narendra Modi's Facebook post, while company executives acknowledged significant content moderation failures, including issues with child sexual abuse material, deepfakes, and the paid boosting of certain content.
The India-Africa Forum Summit, scheduled for May 28-31 in New Delhi, has been postponed due to concerns over the Ebola virus outbreak in Africa. The Ministry of External Affairs announced that new dates will be finalised in consultation with African nations.
The CBSE has mandated the study of three languages, including at least two native Indian languages, for Class 9 students starting July 1, aligning with the National Education Policy (NEP) 2020 and the National Curriculum Framework for School Education (NCF-SE) 2023.
'Tariff action relating to the excess-capacity investigation will be even more susceptible to judicial overturn.'
The Asian Development Bank (ADB) has revised down India's GDP growth forecast for fiscal year 2026-27 (FY27) to 6.6 per cent from an earlier 6.9 per cent, primarily attributing the change to elevated energy prices stemming from the Middle East conflict. Despite this moderation, India is still expected to remain the world's fastest-growing major economy.
Congress Parliamentary Party chairperson Sonia Gandhi has launched a scathing attack on the Modi government, accusing it of responding to student demands for accountability and educational reforms with 'cowardice and wanton cruelty,' treating them as 'enemies of the nation.' She further alleged that the government has degraded India's education landscape and routinely chooses violence over dialogue.
Prime Minister Narendra Modi, Union ministers and leaders of the National Democratic Alliance allies on Tuesday attended the ruling coalition's weekly meeting of parliamentarians, where the absence of three Nationalist Citizens Party of India (NCPI) MPs stood out amid signs of differences within the 20-member group of Trinamool Congress rebels over its association with the alliance.
Indian benchmark indices Sensex and Nifty saw a significant rebound in early trade, driven by softer-than-expected US inflation data which has reinforced expectations of a less aggressive monetary policy stance from the Federal Reserve, providing relief to global risk assets.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries
Dharmendra Pradhan's political career faced an unexpected jolt as he resigned as Education Minister following nationwide protests over the NEET paper leak, marking a significant departure from the government's initial dismissive response to the agitation.
'Ultimately, everything has to be shared. That's why you have that talent. To share it. Unless you share, it won't continue.'
India now ranks among the world's top three destinations for both AI and STEM talent, holding roughly a 6 per cent share of globally mobile AI talent and a 7 per cent share of STEM talent.
Defence Minister Rajnath Singh on Sunday slammed Pakistan for making terrorism a "part of its state policy", and said there will be no talks with the country other than on Pakistan-Occupied-Kashmir, which is a "part of India illegally occupied" by it.
It is an unusual choice to depute a retired general for the funeral of a revered religious figure but a thoughtful one in an attempt to inject verve into the bilateral relationship and restore the equilibrium in India's West Asian policies, notes Ambassador M K Bhadrakumar.
The Indian Sports Ministry, led by Minister Manuskh Mandaviya, is establishing a dedicated Task Force to explore the revival of Formula One racing in India. This initiative follows a meeting with key stakeholders, aiming to assess the challenges and benefits of hosting major motorsport events, with a target of bringing F1 back by 2028. The Task Force will recommend a comprehensive policy framework to support motorsports growth, leveraging India's significant F1 fanbase.
The visit was expected to project Assam as the gateway to Southeast Asia and reinforce the state's emergence as a preferred investment destination.
Senior Indian officials highlight the indispensable role of the private sector in translating India-US cooperation in AI, semiconductors, quantum technologies, and critical minerals into tangible outcomes. The collaboration aims to build trusted, resilient technology ecosystems and position India as a global electronics and semiconductor hub.
Presenting the full text of Prime Minister Narendra Modi's address to the nation on May 12, 2025, in which he dictated India's new doctrines on countering terrorism.
US Federal Reserve Chairman Kevin Warsh has picked former RBI governor Raghuram Rajan, Harvard University economics Professor Raj Chetty and Microsoft XBOX CEO Asha Sharma to be part of task forces constituted to examine the central bank's approach to monetary policy and propose transformational changes.
The RBI once again said the Tata group holding company's application for deregistration as an NBFC remains under examination.
India has urged the United Nations to update its sanctions regime against Afghanistan, arguing that it must reflect the changed political reality and focus on incentivising positive actions rather than solely relying on punitive measures. India highlighted its ongoing humanitarian and development support for the Afghan people.
India may press for an automatic review mechanism in its proposed interim trade deal with the United States (US), mirroring a sunset clause introduced by the European Parliament in its trade agreement with Washington, people aware of the negotiations said. The European Parliament last week approved the EU-US trade deal but inserted a sunset clause requiring the arrangement to expire on December 31, 2029, unless both sides agree to extend it.
The Central Board of Direct Taxes (CBDT) has released a 198-page guidance note to assist crypto-asset service providers in complying with reporting obligations under the Income-tax Act, 2025, aligning India with the OECD's Crypto-Asset Reporting Framework (Carf) for automatic exchange of tax information.
HCLTech, India's third-largest IT services company, announced plans to establish a global technology centre and an AI-optimised data centre in Bhubaneswar, Odisha, with a total investment of approximately Rs 15,000 crore, marking its entry into the AI infrastructure business.
The Reserve Bank of India (RBI) has issued amended directions for bank boards, effective October 1, 2026, to rationalise agenda items and enable more focused engagement on strategy and risk governance, while explicitly defining matters reserved for board approval and periodically reviewing delegated powers.
The Reserve Bank of India (RBI) has mandated that banks must dispose of immovable assets acquired against bad loans within seven years through public auction, effective October 1, 2026, and has also barred their sale back to the original borrower or related parties.
