Finance Minister Nirmala Sitharaman has called for enhanced accountability and safeguards for artificial intelligence, particularly as it integrates into critical sectors like finance. Speaking at the Global Fintech Fest, she highlighted the dual nature of AI, capable of accelerating transactions but also amplifying fraud and cyberattacks. Sitharaman stressed the need for human and institutional responsibility in AI-driven decisions, urging regulators and companies to scrutinise high-risk AI applications. She also proposed a federated industry platform for Indian tech companies to navigate international regulations and ensure tax compliance globally.
Finance Minister Nirmala Sitharaman criticised commentators who express pessimism about India's demographic dividend, asserting that the country's youth are actively driving economic growth and innovation. She also highlighted the dual nature of AI and the need for robust safeguards in emerging technologies like quantum computing to balance innovation with safety.
'Gurmmeet Singh was extremely sure in his head that the canvas should be bigger. The movie should look big on screen. It should look like the Mirzapur world but at the same time, much bigger.'
The Congress party has criticised the government's recent notification regarding UPI transactions, alleging it paves the way for users to be charged fees, particularly for transactions above Rs 2,000. The party claims the government lacks transparency and questions if the move is to benefit American firms. The government, however, states that charges are necessary for the system's sustainability and infrastructure upgrades, with the Finance Minister clarifying that Merchant Discount Rate (MDR) applies to merchants, not customers.
India may have a vast coastline and a strategic location, but it will become a true maritime nation only when its people understand, value and actively participate in the maritime ecosystem, asserts Vice Admiral Biswajit Dasgupta (retd).
The company's India head, Arun Srinivas, has been summoned by the child rights body on Thursday.
A gym owner has been arrested in Rajasthan for allegedly ramming his car into a woman biker in Gurugram, knocking her off her vehicle. The incident, captured on video, led to charges of attempt to murder and stalking after the victim claimed the accused made indecent comments and deliberately hit her. The accused, Kalyan Bainsla, along with a cousin, was apprehended after a two-day search.
The National Investigation Agency (NIA) has filed a chargesheet against seven foreign nationals, including a US citizen and six Ukrainians, for illegal entry and alleged terror conspiracy with ethnic armed groups, though the stringent UAPA anti-terror law was not invoked at this stage.
Vivo is bringing another 5G smartphone to Indian buyers, with the T5 5G set to go on sale from September 9. It will be sold through Flipkart.
The Supreme Court has listed for hearing on August 31 an appeal of Sumit Roy, personal assistant to Trinamool Congress MP Abhishek Banerjee, challenging the August 6 order of the Calcutta high court denying him pre-arrest bail in the Salboni land-grabbing case.
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 Congress party has criticised the Modi government over a notification regarding UPI transactions, alleging it paves the way for imposing fees, especially on transactions above Rs 2,000. Rahul Gandhi claimed the government is surrendering to American pressure, while Mallikarjun Kharge highlighted the potential burden on common citizens amidst inflation. The government's notification prohibits charges on UPI transactions up to Rs 2,000 but remains silent on higher amounts, sparking fears of a "Digital Payments Tax."
Congress leader Rahul Gandhi has accused the Modi government of quietly paving the way for imposing fees on UPI transactions, alleging it's a surrender to American pressure. The government's recent notification exempts charges only up to Rs 2,000, sparking concerns that higher value transactions and eventually all UPI payments could incur fees. Finance Minister Nirmala Sitharaman, however, clarified that Merchant Discount Rate (MDR) applies to merchants, not customers, and supports digital infrastructure.
Iranian President Masoud Pezeshkian concluded his visit to India for the 18th BRICS Summit, announcing that Iran and the UAE agreed to move past previous tensions. This diplomatic breakthrough occurred during talks with Abu Dhabi's Crown Prince on the summit sidelines. Pezeshkian also met with PM Modi to discuss bilateral ties and West Asia developments, with Modi emphasising dialogue for regional peace. The BRICS summit adopted the New Delhi Declaration 2026, calling for global governance reforms and de-escalation in West Asia.
The US District Court for the Eastern District of New York has revoked the naturalisation of Gurmeet Singh, an Indian-origin man, after he was convicted of rape and kidnapping. Singh had concealed these serious criminal acts during his naturalisation process, leading to the federal court's decision to strip him of his US citizenship.
Pradhama Drishtiya Kuttakkar is a gripping cat-and-mouse game that benefits from smart writing.
The Indian government has introduced a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant (P2M) transactions exceeding Rs 2,000, effective October 15. This move ends nearly six years of fully free UPI payments, though person-to-person (P2P) transfers and small P2M payments remain free. The charges aim to bolster investment in UPI infrastructure, with specific exemptions and caps for essential sectors.
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.
A Pakistani court has ordered the return of 21-year-old Hindu girl Shirimati Reeta to her parents after she was allegedly lured, pressured to convert to Islam, and marry a Muslim man. Reeta, who had gone missing from Sindh, was recovered by police in Punjab and stated in court her desire to return home, highlighting the ongoing issue of forced conversions among minority girls in Pakistan.
England defender Djed Spence will play in the upcoming World Cup wearing a protective mask after sustaining a broken jaw in a recent Premier League match. The Tottenham Hotspur player confirmed he will need to wear the mask for three months.
Security in most of India is a facade, discovers Binu Alex.
A long-standing Janmashtami celebration in Kolkata's Mominpore, known for its syncretic culture with significant Muslim participation, is undergoing a major change. BJP leader Rakesh Singh has taken charge, forming an exclusively Hindu organising committee, sparking a debate about religious harmony, political influence, and the nature of shared festivals in the city.
Fighting in Yemen has intensified as Houthi rebels advance on strategic government-held areas like Marib and Taiz, putting pressure on Saudi Arabia to respond. The conflict is also linked to wider US-Iran tensions affecting shipping in the Strait of Hormuz, with former US President Trump commenting on the situation.
Kolkata's Viraj Madappa overcame a three-shot deficit with a bogey-free 64 in the final round to win the Rs 1 crore Chennai Open golf tournament. This marks his fourth professional title, earning him Rs 15 lakh and significantly improving his standing on the DP World PGTI Order of Merit. Ajeetesh Sandhu finished runner-up, while Amardeep Malik and Rashid Khan also secured top positions.
The UN General Assembly has adopted a resolution, co-sponsored by India, to designate November 27 as the International Day for the Elimination of Child, Early and Forced Marriage. This global initiative aims to raise awareness and accelerate efforts to combat this harmful practice, which disproportionately affects women and girls, hindering their education, health, and overall human rights.
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'.
BAFs seek to offer a smoother experience across market cycles, not the full upside of a bull market.
Odisha Police's STF and the Wildlife Crime Control Bureau are investigating the rescue of five baby orangutans in Balasore, suspecting an international wildlife trafficking network. The probe focuses on a black SUV seen near the rescue site and potential routes from West Bengal, with officials believing the animals were trafficked from Southeast Asia. Chief Minister Mohan Charan Majhi has called for stringent action against those involved.
Delhi Police has implemented a comprehensive multi-layered security system for the upcoming BRICS Summit in New Delhi, deploying 15,000 personnel, 200 paramilitary companies, and over 500 CCTV cameras. The arrangements aim to ensure maximum security for visiting dignitaries while minimising public inconvenience, with extensive coordination across agencies and states, and robust measures at the main venue, Bharat Mandapam.
The Delhi High Court has sought WFI's response on Vinesh Phogat's plea to participate in the September 14 selection trials for the 2026 World Championship.
A Delhi consumer commission has directed Punjab and Sindh Bank to refund Rs 10,000 to a customer whose ATM transaction failed to dispense cash but debited the amount. The bank was also ordered to pay compensation for delayed reversal, mental agony, and litigation expenses, highlighting a deficiency in service.
A Reddit post about a hidden camera in a shared living room has reopened an old question -- how far can a landlord interfere in a home he no longer fully controls? Here's what two Mumbai lawyers have to say.
The Supreme Court has granted four weeks of protection from arrest to Bihar-based contractor Rishu Shree, who is accused of acting as a middleman in government tender manipulation. Shree is alleged to have charged commissions to facilitate contracts, with the Enforcement Directorate investigating a "larger conspiracy" involving multiple Bihar departments.
The Delhi High Court has ruled that live-in relationships between consenting adults are akin to marriage, granting police protection to a couple facing threats. The court emphasised that fundamental rights to choose a partner cannot be curtailed by societal prejudices, reinforcing the legal sanctity of such relationships.
Self-proclaimed Hindutva influencer Swatantra Bhardwaj was questioned by Delhi Police during his remand in connection with an alleged assault on a student activist's father at Jantar Mantar. Bhardwaj, who showed no remorse, was confronted with his viral videos. The case now includes charges under the SC/ST Act and POCSO Act, following outrage and further complaints.
BRICS finance ministers and central bank governors have called for increased representation of emerging-market and developing economies in the IMF and World Bank, while also criticising unilateral tariffs and trade measures, as the expanded bloc aims to bolster financial cooperation amidst global fragmentation.
India is actively integrating payment system harmonisation into its Free Trade Agreement (FTA) negotiations, especially with countries hosting a large Indian diaspora. This strategy aims to leverage India's growing fintech ecosystem, facilitate cross-border financial services, and position India as a global hub for financial services exports, particularly through platforms like GIFT City.
Buyers should check their scope and triggers and whether they need such policies alongside their regular health insurance.
During the 18th BRICS Summit in New Delhi, Chinese President Xi Jinping and Prime Minister Narendra Modi held a bilateral meeting, outlining a four-point approach for the steady and long-term development of China-India relations. The leaders stressed strategic understanding, win-win cooperation, mutual respect, and inclusive multilateral engagement, reaffirming their commitment to resolving the boundary question and addressing economic concerns. They also discussed global challenges and strengthening people-to-people ties.
Prime Minister Narendra Modi cautioned against the 'weaponisation' of technology and critical minerals at the BRICS summit, advocating for cooperation to foster shared prosperity. Concurrently, Chinese President Xi Jinping announced plans for an open-source AI ecosystem for BRICS nations, positioning Beijing as a key technology partner amid global AI competition.
