India's wholesale price-based inflation (WPI) increased to 9.92 per cent in August, up from 9.78 per cent in July, primarily due to rising prices across food, manufactured items, and fuel and power sectors.
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.
The Reserve Bank of India (RBI) has proposed a standard operating procedure (SOP) for banks to implement temporary debit holds on accounts or transactions suspected of being involved in money-mule activity and cyber-enabled financial fraud, with a maximum duration of 60 days.
Union Home Minister Amit Shah lauded UPI on its 10th anniversary, highlighting its role in India's digital transformation. Launched by NPCI in 2016, UPI has become the world's largest real-time payment system, witnessing a massive surge in transaction volume and value, demonstrating its success in empowering people with swift, seamless, and secure digital transactions.
Indian rower Salman Khan, who once worked as an Uber driver, has won a historic bronze medal in men's double sculls at the Asian Games. His journey from supporting his family after his father's death to joining the Indian Army and becoming an Asian Games medallist is truly inspiring.
Indian benchmark indices Sensex and Nifty rebounded on Wednesday, driven by value buying in banking stocks and select heavyweight counters, with the Sensex climbing 332.63 points and the Nifty ending above 23,200.
Former West Bengal Chief Minister Mamata Banerjee has filed a plea in the Supreme Court challenging the Election Commission's interim decision to freeze the Trinamool Congress' name and party symbol. The EC had allotted separate names and symbols to two rival TMC factions ahead of upcoming bypolls, a move Banerjee has strongly criticised as a "black day" for democracy.
Reserve Bank Governor Sanjay Malhotra announced that India's foreign exchange reserves stand at a healthy $682.3 billion as of May 29, 2026, providing approximately 11 months of import cover and strong protection against external shocks.
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.
Indian rowers at the Asian Games are contemplating a complaint to the sports ministry over last-minute crew changes, which they claim affected their performance. The Rowing Federation of India president, Balaji Maradapa, stated the changes were necessary due to weather-induced schedule compression and accused a former coach of influencing the players.
Satnam Singh and Salman Khan secured India's first-ever men's double sculls bronze medal at the Asian Games, a significant achievement amidst an otherwise challenging performance by the Indian rowing team. The medal comes despite pre-competition controversy regarding team selections, with the duo forming their partnership just five days before the event.
RBI Deputy Governor S C Murmu stated that the introduction of merchant discount rate (MDR) on UPI transactions is unlikely to cause a shift back to cash, despite some concerns, emphasising that MDR will help the payments ecosystem recover costs.
National selectors are set to convene in New Delhi to finalise India's ODI and T20I squads for the upcoming home series against West Indies, with Rishabh Pant's potential white-ball return and Hardik Pandya's fitness being the primary discussion points.
BJD MP Santrupt Misra has voiced strong concerns over the Centre's decision to impose a 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, arguing that the government or large financial institutions could easily absorb the costs of maintaining the digital payment network instead of burdening merchants and consumers.
The Supreme Court has questioned the reliability of legislative majority as the sole determinant for political party ownership, especially when disqualification proceedings are pending against the very legislators forming that majority. This query arose during arguments concerning the Shiv Sena faction dispute between Eknath Shinde and Uddhav Thackeray.
Economists widely anticipate the Reserve Bank of India's Monetary Policy Committee will increase the repo rate by 50 basis points, likely split between the October and December meetings, as retail inflation is projected to peak at 6.1 per cent in the third quarter, exceeding the RBI's tolerance limit.
Satnam Singh and Salman Khan secured India's first-ever men's double sculls bronze medal at the Asian Games, a significant achievement amidst an otherwise disappointing performance by the Indian rowing team. The team faced internal controversy regarding last-minute crew changes, which some rowers found disturbing. Despite the challenges, Satnam and Salman's bronze was lauded by the Prime Minister, and their individual journeys highlight their dedication to the sport.
India's foreign exchange reserves decreased by USD 7.052 billion to USD 709.759 billion in the week ending March 13, according to the Reserve Bank of India (RBI). This decline follows a previous drop and comes after reserves reached an all-time high in February.
'Election Commissioners are Constitutional authorities and they are not supposed to go to the Cabinet secretary. They are not supposed to write letters. And if they are aggrieved, they should straight go to the President of India.'
India's foreign exchange reserves decreased by USD 11.413 billion to USD 698.346 billion during the week ending March 20, primarily due to a significant reduction in gold reserves, according to the Reserve Bank of India (RBI).
India's forex reserves dropped by $11.683 billion to $716.810 billion during the week ended March 6, the RBI said on Friday.
The Supreme Court has questioned the Election Commission's decision to allot the Shiv Sena's bow-and-arrow symbol to the Eknath Shinde faction, asking if the possibility of denying the symbol to both factions was adequately considered. The court also raised concerns about using legislative majority as a test while disqualification proceedings against MLAs were pending. The Shinde faction argued for the validity of the legislative majority test, citing significant vote share and legal precedents.
The Indian rupee experienced its sharpest single-day decline in eight weeks, settling at 94.83 per dollar, primarily due to escalating crude oil prices and persistent risk-off sentiment driven by heightened geopolitical tensions and limited foreign inflows.
Finance Minister Nirmala Sitharaman stated that India is likely to sustain economic growth of 7 per cent or more in 2026-27, continuing the pace recorded since the Covid-19 pandemic, despite geopolitical uncertainties and supply-chain disruptions.
The Reserve Bank of India (RBI) has introduced new features for India's digital payment ecosystem, including UPI tap-to-pay for PIN-less transactions up to 5,000 and multi-currency capabilities for forex on Bharat Connect, supporting Euro, British Pound, and other major currencies.
RBI Deputy Governor Rohit Jain discussed the future of India's foreign exchange markets, highlighting the increasing role of local currencies in cross-border trade, the impact of technology, and existing challenges. He emphasised the need for market evolution to facilitate India's global engagement, absorb shocks, and serve all users efficiently. Jain also addressed concerns about unauthorised forex trading platforms and the importance of customer awareness.
SBSP chief Om Prakash Rajbhar has revived the long-standing discussion about dividing Uttar Pradesh, claiming Prime Minister Narendra Modi assured him the state could be split into four parts after a caste census. Rajbhar's statement, made at a rally in Deoria, links the division to the 27% reservation issue and suggests a Rajbhar could become chief minister of a new Purvanchal state. The demand for UP's division has historical precedents, notably from former Chief Minister Mayawati.
India has removed a key regulatory hurdle, allowing exporters to receive payments in Indian currency while retaining incentives under the country's foreign trade policy, a move aimed at promoting wider use of the rupee in international trade.
Prime Minister Narendra Modi celebrated the Unified Payments Interface (UPI) completing a decade, calling it a major turning point in India's digital payment journey. Launched in 2016, UPI has become the backbone of India's digital payments ecosystem, showing exponential growth in transaction volume and value, and is a key pillar of the Digital Public Infrastructure.
'Nitishji as CM never supported the UCC and publicly expressed his strong reservations over UCC.'
India's foreign exchange reserves saw a substantial increase of USD 9.063 billion, reaching USD 697.121 billion for the week ended April 3, 2026, according to the Reserve Bank of India (RBI). This surge follows a previous week's decline and brings the reserves closer to their all-time high.
The Mamata Banerjee-led faction of the Trinamool Congress has unveiled a new logo featuring a football player as its interim election symbol. This move comes after the Election Commission froze the party's original name and symbol due to an internal dispute. The new symbol, along with the name 'Mamata All India Trinamool Congress', will be used in the upcoming October 6 bypolls, with the faction actively publicising it to familiarise voters.
RNFI Services Ltd has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator - Physical (PA-P). This approval allows the company to expand its financial infrastructure into physical, offline, and in-store payments, complementing its existing regulated financial services portfolio.
The National Stock Exchange (NSE) has set its initial public offering (IPO) price band at Rs 1,700-1,785 per equity share, with the subscription period running from September 17 to September 21, aiming to raise up to Rs 22,569 crore.
Tilak Varma is emerging as India's potential middle-order backup, offering left-handed batting variety and developing off-spin as selectors seek younger, flexible options ahead of the ODI World Cup.
The Trinamool Congress has submitted new names and symbols to the Election Commission for the upcoming West Bengal bypolls, following an interim order that temporarily barred the party from using its original name and "flowers and grass" symbol due to an ongoing internal dispute and split. The party submitted its choices under protest.
India's deposit growth has reached a 15-year high of 17.8 per cent, primarily driven by a surge in foreign currency non-resident (bank), or FCNR(B), deposits. This influx of funds is expected to lead to a softening of corporate loan rates as banks seek to deploy their excess liquidity.
The Unified Payments Interface (UPI) has completed a decade since its launch, becoming the backbone of India's digital payments ecosystem. It has seen exponential growth in transaction volume and value, expanding financial inclusion and setting a global benchmark for real-time payments.
RBI Governor Sanjay Malhotra stated that the central bank consistently views fintechs as 'valuable partners' in shaping India's future financial system, crediting the sector with expanding financial inclusion, enhancing customer experience, and streamlining credit delivery, particularly for MSMEs.
The Union environment ministry's expert panel has approved a fourth underground coal mining project in Madhya Pradesh's Umaria district, close to the vital Bandhavgarh-Achanakmar tiger corridor. These clearances, granted since July, raise concerns about biodiversity and tiger movement, despite conditions for wildlife conservation plans and compensatory afforestation. The projects involve significant forest land diversion and pose risks like land subsidence and habitat disturbance for Schedule-I species.
