'Treating stock brokers as merchants for MDR is fundamentally misplaced.'
Some decades are worth remembering exactly as they were, unfiltered, because that's the only way the people who survived them get to be seen at all, points out Binu Alex.
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.
'If he settles on something, there are fifty considerations behind it -- the pros and cons, all of it.'
Raphinha's hat-trick led defending champions Barcelona to a 3-1 victory over Sevilla, extending their winning streak in La Liga. Elsewhere, Lautaro Martinez secured a 2-2 draw for Inter Milan against Roma in Serie A, while Borussia Dortmund claimed the top spot in Germany. Premier League saw Arsenal lose its top position after a defeat to Brighton.
Zach Cregger's Resident Evil delivers a scary, bloody and surprisingly funny ride that mostly gets away with its bold choices.
Salman Khan lost his cool on Bigg Boss 20 while taking a strong stand against trolls, influencers and paparazzi who shame and abuse people based on their age, body and physical appearance.
Defending champions PSG will face Barcelona and Manchester City in the Champions League league phase, while Real Madrid meet Inter Milan and Arsenal in marquee clashes.
Shares of fintech firms, particularly Paytm, saw significant movement after the Indian government introduced a 0.4 per cent fee on UPI transfers exceeding Rs 2,000 made to merchants, effective October 15.
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).
Urban Indian millennials are caught in an algorithmically amplified consumption spiral where social media normalises spending patterns that systematically undermine retirement security.
Paris St Germain, Bayern Munich, and Napoli all secured crucial victories in their respective European football leagues, with Ferran Torres, Harry Kane, and Stanislav Lobotka scoring decisive goals. Juventus, however, suffered a late defeat to Sassuolo.
The Delhi Traffic Police has issued a detailed advisory regarding traffic restrictions and diversions during the upcoming BRICS Summit from September 12-13. While Delhi will not be shut down, commuters should expect temporary stoppages and diversions, especially on routes used by VVIP convoys. The advisory covers movement for residents, essential services, public transport, and advice for exam candidates and hospital visitors, urging reliance on official updates.
The Supreme Court has asked the CBSE to consider deferring the implementation of its three-language policy for Class 6 students, which mandates two native Indian languages, until the academic session starting 2027. The CBSE stated it would consider the suggestion. The policy, aligned with NEP-2020, makes two native Indian languages compulsory for Class 6 and Class 9, with provisions for foreign languages as additional options and no board exams for the third language in Class 10.
Gaganyaan astronaut Prasanth Balakrishnan Nair stressed the critical importance of AI sovereignty for national cybersecurity, citing the increasing difficulty in distinguishing between real and fake content due to AI. Speaking at the Kerala Cyber Suraksha Summit, Nair highlighted that future conflicts and industries would involve a 'whole-of-nation approach,' blurring physical and digital boundaries. He urged greater awareness of digital threats and emphasised India's need to build on its technological capabilities in AI and cybersecurity, drawing parallels with the success of Chandrayaan-3. Other speakers also underscored the rising threat of cyberattacks and the potential for Kerala to contribute to national technology requirements.
'I like to make films where I am also conflicted. I don't want to make films with themes that I am sure about because then it easily becomes agenda-driven.'
The Indian men's and women's hockey teams commence their Asian Games campaign in Japan, with both aiming for a gold medal to secure direct qualification for the Los Angeles Olympics. The men's team seeks to recover from a recent World Cup slump, while the women's team looks to build on their strong World Cup performance, facing significant challenges from opponents like China.
Iranian President Masoud Pezeshkian declared that Iran will not succumb to "bullying" from the US and Israel, vowing to protect national interests amidst escalating West Asian hostilities. During his visit to New Delhi for the BRICS summit, Pezeshkian also discussed strengthening bilateral ties with Prime Minister Narendra Modi and advocated for local currencies in BRICS trade, positioning Iran as a strategic energy and transport partner.
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.
Hosts Anil Kapoor and Rohit Sharma bring their own brand of charm and humour to two new game shows that promise to make your weekends more entertaining, observes Divya Nair.
India's Davis Cup team secured a crucial doubles victory against Korea, with Dhakshineswar Suresh and N Sriram Balaji winning their match 6-3, 3-6, 6-3. This win keeps India's hopes alive after falling 0-2 behind in the tie. The pressure now shifts to Sumit Nagal to win his reverse singles match and complete a rare comeback.
Manoj Bajpayee has expanded his real estate portfolio with the acquisition of 4.45 acres of agricultural land in Pune's scenic Mulshi taluka.
The question for the next 20 years is not whether India can become a $5 trillion or $10 trillion economy. Those are attractive targets, but the real question is whether India can create enough productive jobs, educate its children properly, make its cities liveable, and give hundreds of millions of people a substantially better life, asserts Ramesh Menon.
Sakhi Gokhale is the real surprise in Adkitta, who gives her most mature performance yet, cheers Mayur Sanap.
The Indian men's and women's hockey teams are set to compete at the Asian Games in Kakamigahara, Japan, with the primary goal of winning gold to secure direct qualification for the Paris Olympics. The men's team aims to defend its title and overcome recent World Cup disappointment, while the women's team, buoyed by a strong World Cup performance, seeks only its second Asian Games gold. Both teams face tough competition, with the men needing to prove their dominance against regional rivals and the women confronting a strong Chinese side.
A report by Bain & Company and HealthQuad identifies remote patient monitoring, OT/ICU optimisation, and chronic disease management as key opportunities for Artificial Intelligence in Indian healthcare. The report highlights a shift from experimental AI to real-world applications, driven by government initiatives, increasing EMR adoption, and a robust startup ecosystem. AI's autonomous capabilities are rapidly advancing while costs decrease, creating significant growth potential for providers and startups.
The Indian Air Force has launched 'Dronathon 2026' at the Pokhran range in Jaisalmer, a three-day event showcasing advancements in unmanned aerial systems (UAS) and counter-UAS technologies by domestic manufacturers. The initiative aims to bolster the IAF's capabilities in the unmanned domain, align with the 'Atmanirbhar Bharat' objective, and assess indigenous technologies against operational requirements through live demonstrations. It also fosters interaction between the IAF, industry, and even students, promoting the development of scalable unmanned solutions.
'...in which our names are written with our phone numbers.'
The Reserve Bank of India (RBI) has endorsed the introduction of a Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000, effective October 15. This move, which levies a 0.4 per cent fee on merchant payments above the threshold, aims to bolster the long-term sustainability and growth of India's digital payments ecosystem. The RBI clarified that person-to-person (P2P) transactions and small person-to-merchant (P2M) payments below Rs 2,000 will remain free for users, ensuring no direct charge on customers.
India failed to qualify for the Davis Cup Final 8 after losing 3-1 to Korea in the Qualifier Round 2 tie. Despite a fighting doubles victory by Dhakshineswar Suresh and N Sriram Balaji, Sumit Nagal's defeat in the reverse singles sealed India's fate, making Korea the first Asian team to reach the knockout stage under the new format.
The Congress party has strongly criticised the Modi government's decision to introduce a 0.4% Merchant Discount Rate (MDR) on UPI transactions over Rs 2,000, alleging it is a result of US pressure to benefit American card companies. The party also linked this move to broader US actions against India, including tariffs and H-1B visa issues, coining the term "Narendra's Ongoing Trump Appeasement." The government, however, clarified that consumers will not bear the charge, which applies only to merchants.
The Congress party has accused the Modi government of succumbing to US pressure by introducing a 0.4% Merchant Discount Rate (MDR) on UPI transactions over Rs 2,000 for merchants. The party alleges this move aims to benefit US card companies and links it to broader US actions against India, including tariffs and H-1B visa issues. The government, however, clarifies that consumers will not be charged.
'She was not burdened by the knowledge of her craft and the world. She just was a child till her last days.' 'When she smiled, everybody in the room would light up.'
Pradhama Drishtiya Kuttakkar is a gripping cat-and-mouse game that benefits from smart writing.
Non-resident Indians are increasingly investing in luxury homes in India, driven by geopolitical uncertainties, particularly the Iran war. This trend is observed across major cities like Mumbai, Bengaluru, and the National Capital Region, with developers noting a significant rise in NRI pre-sales. While some see it as a temporary shift, others believe India is becoming a stable, long-term investment destination for NRIs, especially those from West Asia.
The Finance Ministry has clarified that the decision to impose a 0.4% Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 was made independently, refuting claims of foreign influence. The ministry stated the policy aims to build a self-sustaining digital payments ecosystem, with MDR funding infrastructure and supporting small merchants.
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.
Director Tigmanshu Dhulia returns to the Chambal world with Ghamasaan, pitting Pratik Gandhi's police officer against Arshad Warsi's dreaded Maharaj.
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.
A senior coach from India's shooting contingent for the Aichi-Nagoya Asian Games has voiced disappointment over the logistical arrangements, particularly the long travel times to the training venue.
