'They are claiming that they are very good in governance. All governments do propaganda. This is the propaganda of the government that they are doing very well, in spite of all the troubles.'
The Indian government has introduced a 0.4 per cent charge on UPI payments exceeding Rs 2,000 made to merchants, with a cap of Rs 300 for transactions of Rs 75,000 and above. This policy shift ends the zero-MDR regime, which was previously criticised by financial institutions. While essential sectors and capital markets have specific fee structures, small merchants with monthly UPI QR code earnings up to Rs 1 lakh remain exempt. Person-to-person transfers are unaffected, and measures are in place to prevent merchants from passing these costs to customers.
The RSS-affiliated Swadeshi Jagran Manch (SJM) has urged the government to reconsider imposing a merchant discount rate (MDR) on UPI transactions above Rs 2,000, arguing that the costs do not warrant such a move. This comes after the government announced a 0.4 per cent fee on merchant transfers over Rs 2,000 from October 15, while assuring that person-to-person and small payments remain free. SJM co-convener Ashwani Mahajan highlighted that banks have not demanded MDR and that UPI has reduced their transaction costs.
Microsoft has officially launched its fourth cloud region in India, located in Hyderabad, as part of its USD 20.5 billion investment in the country's digital and AI infrastructure. This new facility, which became available on August 6, features zero-water cooling technology and aims to enhance capacity and resilience for organisations in India and Asia, supporting the nation's rapid digital growth and projected increase in data centre capacity.
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.
Matt Renshaw scored a maiden one-day international century and Nathan Ellis took five wickets to guide Australia to a 59-run victory over Zimbabwe in the first match of their three-game series in Harare. Australia posted 294-8 batting first, with Renshaw making 109. Zimbabwe, despite fighting half-centuries from Craig Ervine and Sikandar Raza, were bowled out for 235.
The Vvaan weaves an old-fashioned yarn of spiritual beliefs against a theme of folklore horror that detours into an action-packed, bombastic Telugu supernatural territory concluding in a part harmless, part tedious watch, notes Sukanya Verma.
The Supreme Court has dismissed a Public Interest Litigation challenging the constitutional validity of the 2018 amendment to the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act. The amendment had restored restrictions on anticipatory bail and removed requirements for preliminary inquiry and prior approval before arrest. The court cited its 2020 verdict which had already upheld these amended provisions, rejecting arguments about potential misuse and "reverse discrimination."
Andhra Pradesh Chief Minister N Chandrababu Naidu has set an ambitious target for district collectors to achieve a 15-20 per cent growth rate, building on the state's 13.4 per cent growth in Q1 FY27, the highest in India.
From Hera Pheri to Krrish and Drishyam, these Bollywood franchises took their sequels in wildly different directions from the films that inspired them.
The All India Football Federation (AIFF) is facilitating discounted tickets for members of Mohun Bagan, East Bengal, and Mohammedan Sporting for India's upcoming FIFA tier-1 friendlies against Panama, Brazil, and Uruguay. These high-profile matches will be held in Bengaluru and Kolkata, with the AIFF also planning Fan Parks across districts to promote grassroots football and allow wider viewership. The matches are seen as a significant opportunity for the Indian national team to test itself against top-ranked opponents.
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 three-match ODI series against the West Indies, starting Sunday, is a vital preparatory stage for the ICC World Cup 2027. The series will focus on giving game time to young players like Yashasvi Jaiswal and assessing the form of key players like Rohit Sharma and Virat Kohli, who is nearing a significant ODI milestone. The development of all-rounder Nitish Kumar Reddy is also a priority. The West Indies team, grappling with recent losses and financial issues, will aim to overcome these challenges and deliver a competitive performance.
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.
'Treating stock brokers as merchants for MDR is fundamentally misplaced.'
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.
The central government has introduced a 0.4 per cent fee on UPI transactions exceeding Rs 2,000, prompting traders' associations to advocate for cash payments to avoid additional costs on digital payments. This move ends the zero-Merchant Discount Rate (MDR) regime, with traders expressing concerns about operating on tight margins and the potential for increased charges.
Five southern states are stepping up coordination on delimitation, tax devolution and language issues, reviving calls for a stronger collective South platform.
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.
The Indian government has introduced a 0.4% fee on UPI transfers above Rs 2,000 made to merchants, effective October 15, ending nearly six years of free merchant payments. This move led to initial rallies in fintech stocks like Paytm and Mobikwik, though some later pared gains. Person-to-person transactions and small payments remain free for customers, with the fee being a Merchant Discount Rate (MDR).
'I don't think the government will sacrifice such a fine institution for monetary gains.'
Hunkkaar: The Roar is a fairly familiar fight for justice that builds far too many flimsy narratives around its core conflict, runs out of ammunition and speaks out of turn in a needlessly cussing tone, notes Sukanya Verma.
The ongoing US conflict with Iran has cost the Trump administration an estimated $45.1 billion, according to a Pentagon estimate provided to the US Congress on Friday, CNN reported, citing two sources familiar with the matter.
If a bank sold the policy, complain to its grievance cell and, if necessary, escalate the complaint to the Reserve Bank of India Ombudsman.
'UPI has been free since Covid, so why is the government charging us now?'
'It is a blunt and dangerous attempt to pressure India to sign BTA on one-sided terms.'
Madhya Pradesh BJP MLA Usha Thakur has sparked controversy by claiming that 4.5 lakh girls elope with non-Hindu men during Garba celebrations annually, leading to demographic change. She advocated banning non-Hindus from Garba pandals, a stance supported by the VHP, which suggests Aadhaar checks to prevent "love jihad." The Congress has condemned her remarks, demanding an apology, and highlighted similar controversial statements from another BJP MLA.
'There are some films which are fully focused on violence and have violence for the sake of violence. The Paradise is not like that. Our film is a solid drama.'
India's economy is projected to lose momentum in the second half of fiscal 2026-27, with tighter financial conditions, elevated energy prices, and broadening inflation pressures posing significant risks, according to DBS Bank economist Radhika Rao.
Airtel Africa's mobile payments arm, Airtel Money, has filed for an initial public offering (IPO) on the London Stock Exchange, with the International Finance Corporation (IFC) agreeing to purchase shares worth up to $90 million at the final offer price.
Indian cricket fans and former players questioned India's decision to leave Vaibhav Sooryavanshi out of the XI for the second T20I against Afghanistan.
India needs to move beyond ease and cost of doing business and focus on the "speed of doing business" as the next leg of reforms to sustain economic growth and private investment, Confederation of Indian Industry (CII) President R Mukundan said.
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.
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.
Sreeti Mukerhi's cliched coming-of-age delivers its moments of sass but never quite defines the age of confusion, sighs Sukanya Verma.
Chinese President Xi Jinping began his second state visit to the US, meeting President Donald Trump at the White House. Both leaders expressed a desire for a better future for their nations, with Xi emphasising cooperation over confrontation and the avoidance of the "Thucydides Trap." Discussions also touched upon artificial intelligence governance and the extension of a trade truce. The visit was notably marked by a media boycott of White House coverage due to a dispute over press access.
Dewald "AB Baby" Brevis equalled JP Duminy's 71 sixes in just 35 T20Is, starred with 226 series runs, won Player of the Series, and helped South Africa clinch the title.
Opposition parties, including Congress, TMC, and RJD, have strongly criticised the government's decision to impose a 0.4% Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000 made to merchants. They allege the move is a result of "American imperialism" and will lead to increased commodity prices, while the government maintains the charge is on merchants and not consumers, with person-to-person transactions remaining free.
Dhoomakethu has a fun time-loop premise, a game Sajin Gopu and some genuinely funny moments, but runs out of steam long before Kuttan can break free.
Xiaomi has unveiled its first mid-sized book-style foldable in China, called the Xiaomi 18 Fold. Designed to blend compact dimensions with a larger viewing area, the handset folds down to roughly passport size and opens into a 7.58-inch tablet-style screen. Despite its larger inner display, it weighs just 219 gm and is 5.02 mm slim when opened.
