The Indian government has mandated that banks and payment providers cannot levy charges on UPI transactions up to Rs 2,000 or on payments made via RuPay debit cards. This directive follows an amendment to the Payment and Settlement Systems Act, 2007, aiming to sustain and expand the digital payments ecosystem.
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.
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.
Urban Indian millennials are caught in an algorithmically amplified consumption spiral where social media normalises spending patterns that systematically undermine retirement security.
India's Davis Cup team faces a significant challenge in their qualifier against South Korea as key doubles player Yuki Bhambri has been ruled out due to a thigh injury. This forces captain Rohit Rajpal to re-evaluate the doubles combination, a crucial aspect for advancing to the finals. The team is now experimenting with new pairings, with N Sriram Balaji emerging as a leading option.
'I will never say never to a sequel.'
Samantha shares pictures from her baby shower ceremony at the Isha Foundation.
At 23, Arishfa Khan has already mastered the art of looking like she's floating through a dream sequence.
The Congress party, through leader Jairam Ramesh, took a veiled swipe at Prime Minister Narendra Modi by invoking a Bollywood song and sharing Jawaharlal Nehru's notes from the 1955 Bandung Conference. This move came after the BRICS Delhi Declaration referenced the Bandung Conference, which advocated for a fairer and more inclusive multilateral system, amidst Modi's frequent criticism of Nehru.
The Centre has informed the Delhi High Court that adults, including those in non-heterosexual relationships, should be allowed to nominate partners for medical decision-making in cases of incapacity. This submission comes in response to a petition seeking recognition of same-sex partners as medical representatives, with the government stating this approach aligns with existing legal and ethical frameworks, respecting patient autonomy and ensuring continuity of care.
Tanya Chaudhary of Uttar Pradesh has set a new women's hammer throw national record at the Indian Athletics Series Final, achieving a distance of 68.35m and surpassing the previous record held by Anushka Yadav. Both athletes are part of the Asian Games team.
Meta has agreed to report child safety-related matters, including child sexual abuse cases, to appropriate law enforcement agencies in India, government sources confirmed, emphasising that online safety for children is a "non-negotiable" fundamental principle for social media platforms operating in the country.
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Following a disappointing performance against Afghanistan, Sanju Samson's inconsistent form has once again put his place in India's T20I squad under intense scrutiny.
The BJP has narrowly defeated the Congress in the Rajasthan urban local body elections by less than one percentage point. Independent candidates secured a significant share of votes, and NOTA outperformed several smaller parties. Prime Minister Modi lauded the BJP's performance, attributing it to public support for good governance.
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.
Aston Villa kicked off their Champions League journey with a hard-fought 3-2 away victory over Club Brugge, propelled by two assists from Pau Torres. Meanwhile, AEK Athens also secured a winning start, defeating Austrian side LASK 1-0 thanks to a stunning free-kick from Razvan Marin.
The Sports Ministry has invested over Rs 702 crore in the last three years to prepare Indian athletes for the upcoming Asian Games in Japan, featuring 310 debutants.
The Supreme Court has given actor Rajpal Yadav a final two-week opportunity to present a concrete proposal for repaying an outstanding amount to a private firm, directing him to deposit Rs 2 crore with the apex court registry. This comes after a series of cheque bounce cases, with the Delhi High Court previously upholding his conviction and sentencing him to three months' imprisonment. The court noted Yadav's past conduct did not inspire confidence but granted a last chance.
Indian golfer Krishiv Tekchandani, known for his philanthropic efforts, has launched an ultra-luxury watch brand called 'XII NOON'. The venture aims to create exclusive timepieces of Bharat origin and will dedicate a portion of its earnings to support widows of Indian Army soldiers.
Their message is blunt: Public scientific wealth should not be transferred at what they describe as 'throwaway prices'.capability, recruitment, promotional avenues and the voice of its employees.
Mumbai is abuzz with Ganesh Chaturthi celebrations as Ganesha idols arrive in homes and pandals across the city. The 11-day festival, marked by devotional chants, elaborate pujas, and vibrant decorations, culminates in grand immersions on Anant Chaturdashi. The city is adorned with lights, and markets are bustling, while authorities have deployed extensive security measures to ensure safe festivities, despite recent idol collapse incidents.
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.
A high-level committee, including representatives from banks and payment associations, is set to decide on Merchant Discount Rate (MDR) for UPI transactions exceeding Rs 2,000 to merchants. While person-to-person and person-to-merchant transactions up to Rs 2,000 remain free, the move follows a recent amendment to the Payment and Settlement Systems Act, sparking debate and clarification from the Finance Minister that only certain high-value merchant transactions might incur charges.
From Virasat and Gardish to Tezz and Rangrezz, here's a look at Priyadarshan's serious side of Bollywood, ahead of his new movie Haiwaan.
'...Aditya's intensity.' 'The film is very gritty and character-driven, and I wanted Aditya to feel like a real person rather than just a heroic cop.'
A LinkedIn post by Pooja Sahu, detailing her husband Sourabh's sudden layoff from Oracle after 12 years of dedicated service, including working through holidays and even from a hospital, has gone viral, capturing the emotional toll of the tech giant's latest job cuts.
India's junior men's hockey team successfully defended their Asia Cup title, defeating Korea 4-1 in the final in Moqi, China. This victory marks their record sixth continental crown and secures their spot in the upcoming World Cup. The team displayed a dominant performance with goals from Ajeet Yadav, Anmol Ekka, Prabhdeep Singh, and Ashu Maurya.
South Africa opener Jordan Hermann equalled the record for the most runs on a One Day International debut, scoring a blistering 150 to help his side defeat hosts Namibia by 99 runs (DLS method) in the first match of their three-match series.
Seventeen-year-old table tennis sensation Syndrela Das has been called up to the senior women's side for the Asian Games. Ranked 99th globally, she aims for gold at the event and a rapid ascent into the top 50, attributing her success to rigorous training and a positive approach to pressure.
The opposition has intensified its criticism of the government's decision to impose a 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, effective October 15. Leaders like Rahul Gandhi and Jairam Ramesh allege the move is a result of US pressure, particularly from American card companies, and demand an immediate rollback, warning of increased costs for consumers.
South African opener Jordan Hermann smashed an unbeaten 150 runs off just 126 balls on his One Day International (ODI) debut against Namibia, equalling the world record for the highest score by a batter on ODI debut.
The Afghanistan Cricket Board hosted 'Koh-E-Zafar' in New Delhi to celebrate the strong cricketing friendship between India and Afghanistan.
A hooch tragedy in Sagar, Madhya Pradesh, has claimed 11 lives, with investigations pointing to a suspected link with cheaper spurious liquor supplied from neighbouring Uttar Pradesh. This incident echoes previous tragedies in the Bundelkhand region, highlighting the ongoing issue of cross-border alcohol trade.
Digital money is gradually starting to behave like software. It's no longer inert -- sitting passively in accounts. In the not-so-distant future, your money could become 'smart' and 'active,' understanding your preferences, paying your bills automatically, optimising your returns, and managing your risks -- all without you having to manage the details.
South African President Cyril Ramaphosa on Friday described BRICS as an important global forum, highlighting the grouping's growing demographic and economic weight and noting that its members account for around half of the world's population and 40 percent of global GDP.
India opener Smriti Mandhana has significantly strengthened her position in the ICC T20I rankings, moving closer to the top four after a remarkable 124 against Hong Kong, China.
The Congress party criticised the all-vegetarian menu served at the BRICS Summit gala dinner hosted by Prime Minister Narendra Modi, with Rahul Gandhi highlighting that 80% of Indians are non-vegetarian. The party accused the BJP government of imposing its dietary preferences and questioned why India's diverse culinary culture was not showcased.
'Everyone has a surname, and I think everyone has an equal responsibility to live up to that name.'
