The Indian government has introduced a 0.4 per cent Merchant Discount Rate (MDR) on UPI payments exceeding Rs 2,000 made to merchants, effective from October 15, with a comprehensive framework set to take full effect by October 15, 2026. This policy aims to regulate transaction fees while protecting small merchants and person-to-person transactions.
'The money I owed was all mine. I didn't borrow it from anyone. I didn't owe anyone anything. I just had to sell my own assets and pay back.'
E-Eye, which cost about Rs 3,500 to develop, can test a sample for around Rs 2, making it particularly suitable for field-level water quality monitoring in areas where access to sophisticated laboratories is limited.
Rikin Dewey went from unused gym memberships and late-night partying to six days of training, losing nine kg and completing his first HYROX.
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.
The CBI has arrested Abhishek Kumar, an alleged kingpin in the Mahadev Online Betting Application case, upon his arrival from Dubai at Hyderabad airport. Kumar is accused of actively operating the betting activities, coordinating panels, collecting funds, and acquiring assets using illicit proceeds. He has been remanded to police custody as the investigation into the Rs 80,000 crore scam continues, with efforts underway to extradite other main promoters.
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 National Testing Agency (NTA) has debarred Aditya Motegaonkar, son of NEET-UG paper leak accused Shivraj Motegaonkar, from the examination for two years and withheld his result, following alleged irregularities in the May 3 exam and a retest.
The National Testing Agency (NTA) has clarified its 'answer key challenge' system, stating it is designed for fairness and that the fee charged is to deter frivolous challenges, with refunds issued for successful objections. This comes amidst recent criticism regarding exam conduct.
SEBI Chairman Tuhin Kanta Pandey stated that the National Stock Exchange (NSE) has not submitted any proposal seeking approval to trade on its own platform after getting listed, and such trading is currently not permitted. He also confirmed that SEBI would examine concerns raised by brokers and asset management companies regarding the new UPI Merchant Discount Rate (MDR) framework.
Tata Motors Passenger Vehicles Ltd (TMPV) announced a price hike of up to Rs 25,000 across its ICE and electric vehicle models, effective September 1, to mitigate rising input costs and inflationary pressures.
Spider-Man: Brand New Day has swung into the exclusive Rs 400 crore club at the Indian box office, captivating audiences with its remarkable performance.
Gandhinagar's in-charge Chief Fire Officer, Rajeshkumar Patel, was arrested by the Anti-Corruption Bureau (ACB) for allegedly accepting a Rs 20,000 bribe. The bribe was demanded for issuing a Fire Safety Renewal No Objection Certificate (NOC). The ACB successfully trapped Patel after a complaint was lodged.
The Brihanmumbai Municipal Corporation's 12-month fellowship offers young graduates an opportunity to gain first-hand experience in civic administration and contribute to initiatives related to Mumbai's development.
The Directorate of Revenue Intelligence (DRI) has dismantled a large-scale network involved in fraudulently importing South-East Asian areca nuts into India. The syndicate falsely declared the nuts as Bangladeshi origin to evade customs duty, leading to a potential revenue loss of over Rs 2,500 crore. Nine individuals have been arrested in connection with the scam.
Ranchi police have arrested two individuals, including a woman, and seized 7.88 grams of brown sugar, nearly Rs 1 lakh in cash, and a motorcycle during a raid. The arrests were made following a tip-off, and a case has been registered under the NDPS Act.
88 per cent of individual traders lost money during FY26. Until we recognise gambling dressed up as option buying for what it is, we will keep treating the wrong disease, asserts Harsh Roongta.
A court in Bhadohi has sentenced Rajkamal alias Kariya to 20 years in prison and imposed a fine of Rs 1.10 lakh for the abduction and rape of a nine-year-old Dalit girl. The incident occurred on July 11, 2025, and the fine amount is directed towards the victim's medical treatment.
A Bahraich court has sentenced a young man to 20 years of rigorous imprisonment and a fine of Rs 54,000 in a rape case from four years ago. The convict, a juvenile at the time of the incident, was identified through DNA evidence after the victim became pregnant. He will be held at a 'Government Place of Safety' until he turns 21, then transferred to district jail.
The Finance Ministry has clarified that the 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, effective October 15, is not expected to increase cash transactions or cause inflation. The ministry also dismissed allegations of US pressure influencing the decision, asserting that the policy aims to promote RuPay credit cards within the UPI ecosystem, and a monitoring mechanism will ensure the MDR burden is not passed on to consumers.
The removal of Goods and Services Tax (GST) on individual health and life insurance has led to a significant increase in new policy purchases and higher coverage levels, despite an initial surge moderating, according to industry experts.
Indian benchmark indices Sensex and Nifty saw a rebound in early trade, driven by a moderation in crude oil prices, despite persistent selling by Foreign Institutional Investors (FIIs) and mixed global market cues.
The Telecom Regulatory Authority of India (Trai) has mandated that service providers offer voice-and-SMS-only tariff plans, without bundled data, with a minimum validity of 30 days or less, aiming to provide more affordable and shorter-duration options for consumers who do not require data.
Police in Kanpur have arrested Subrat Manocha, son of pharmaceutical dealer Vineet Manocha, in connection with his father's murder. The arrest follows allegations by an alleged contract killer, Vishal Gautam, who claimed Subrat hired him for Rs 6 lakh to commit the crime. Investigators are verifying evidence, including call records, as Subrat denies the charges.
A 26-year-old woman accountant in Thane was allegedly cheated of Rs 6.97 lakh in an online "task" fraud involving product purchases and buybacks. Four individuals have been booked under the Bharatiya Nyaya Sanhita and IT Act, with efforts underway to apprehend them.
Shares will be allocated across different institutional investors, including domestic mutual funds, other domestic institutions and FPIs.
The BCCI has significantly revised the pay structure for umpires and match referees after a decade, introducing new categories and substantially increasing per-day fees. A merit-based promotion and relegation system has also been implemented to ensure high standards in domestic cricket officiating. Additionally, the board addressed its stance on the National Sports Governance Act, updated age-fraud policies, and called for support for physically challenged cricketers.
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.
The Enforcement Directorate has arrested Deepesh Bajoria, a principal bookie from Guwahati, in connection with a large-scale money-laundering investigation linked to an illegal T20 cricket-betting syndicate operating during IPL seasons across the Northeast. Bajoria allegedly used online platforms and encrypted channels to facilitate betting, routing over Rs 28 crore through a non-operational firm's bank account.
The combined market valuation of five of India's top-10 most valued firms eroded by Rs 1 lakh crore last week, with IT giant Tata Consultancy Services (TCS) experiencing the largest decline amidst a bearish trend in domestic equities.
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).
The Madhya Pradesh High Court has disposed of writ appeals concerning the partial demolition of Ujjain's Shahi Masjid for road widening ahead of Simhastha Kumbh Mela 2028, following an agreement between the Muslim side and the Ujjain Municipal Corporation. The agreement involves removing a smaller portion of the mosque than initially planned, relocating its minaret, and providing alternative shops. This resolution comes after earlier protests and arrests.
Indian benchmark indices Sensex and Nifty rebounded on Wednesday, driven by a decline in crude oil prices below USD 100 per barrel and optimism surrounding a potential de-escalation of the conflict in West Asia.
Indian benchmark indices, Sensex and Nifty, closed lower on Tuesday, with the Sensex declining 329.91 points to 74,529.08 and the Nifty dipping 85.30 points to 23,329, primarily dragged by underperformance in IT, financial, and capital goods stocks despite positive global market trends and easing crude oil prices.
Mairaj Ahmad Khan, a 50-year-old Indian skeet shooter, is set to compete in his fourth Asian Games, showcasing remarkable longevity. The article traces his unique journey from a promising cricketer, who even played with Virender Sehwag, to becoming a decorated shooter with Olympic appearances and World Cup medals. Despite past disappointments, Khan approaches the upcoming games with renewed spirit, embodying wisdom gained over decades in sport.
Prime Minister Narendra Modi has called upon India's youth to dream big, assuring them of government support and resources, including a Rs 1 lakh crore Innovation Fund, to bolster the country's burgeoning startup ecosystem and drive its journey towards becoming a developed nation.
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.
Indian benchmark indices, Sensex and Nifty, closed significantly higher, driven by a combination of easing crude oil prices, fresh foreign fund inflows, and a positive trend observed in global equities.
'Treating stock brokers as merchants for MDR is fundamentally misplaced.'
Left parties have strongly condemned the government's decision to impose charges on UPI payments exceeding Rs 2,000, with CPI General Secretary D Raja alleging the move was made under "US pressure" to favour foreign payment companies. Both CPI and All India Forward Bloc demand the withdrawal of this "anti-people decision," arguing it burdens consumers and merchants while undermining UPI's role as a public digital infrastructure. They highlight concerns that the charges weaken India's digital sovereignty and serve commercial interests of foreign corporations like Visa and Mastercard.
