Finance Minister Nirmala Sitharaman clarified that the Merchant Discount Rate (MDR) on digital transactions applies to merchants, not customers, and aims to support banks and fintech in infrastructure investment. She countered Congress leader Jairam Ramesh's claims, stating that a committee will decide on MDR only after Parliament passes the Taxation and Other Laws (Amendment) Bill, 2026, a process currently stalled by parliamentary disruptions.
The Delhi government is establishing a multidisciplinary committee to develop a regulatory framework for coaching institutes. This initiative follows recent tragedies, including the Saket building collapse and the Old Rajendra Nagar coaching centre incident, and aims to address issues like fee structures, student safety, infrastructure, and grievance redressal.
The Supreme Court has been informed that the Aircraft Accident Investigation Bureau's final draft report on the June 2025 Air India flight AI-171 crash in Ahmedabad will be submitted in October. The court is hearing petitions seeking an independent probe into the accident, which claimed 260 lives.
FICCI FLO and UP BJP MLA Rajeshwar Singh are collaborating to train 100 women as 'drone pilots' in Lucknow. This initiative aims to provide employment and entrepreneurship opportunities in the burgeoning drone economy. The announcement was made at an event where MLA Singh also highlighted his efforts in public grievance redressal and establishing women's empowerment centres in his constituency.
Vertex Group has launched its 'Responsible AI Lab' with a Rs 100 crore investment in research and development, focusing on ethical, transparent, and accountable AI solutions for businesses.
Andhra Pradesh and Punjab National Bank (PNB) have signed an MoU to establish the PNB Quantum Finance Hub at Amaravati Quantum Valley. This initiative aims to foster innovation and adopt next-generation technologies like AI and Quantum Computing in the banking sector, focusing on cybersecurity, fraud detection, and customer experience.
The Odisha government has begun efforts to rescue five migrant workers from Kendrapada district who are reportedly stranded in Thailand. The workers, who travelled on tourist visas but were employed in a plywood company, claim they are being held against their will, denied wages, and subjected to harassment.
The Uttar Pradesh government has provided financial assistance to the family of a man who was murdered in Baghpat district. The family received Rs 5 lakh from the Chief Minister Relief Fund following instructions from Chief Minister Yogi Adityanath.
The CBI has conducted searches across Chandigarh, Panchkula, and Delhi-NCR in connection with an alleged Rs 661 crore fraud involving the siphoning of government funds from Haryana government departments and the Chandigarh administration. The probe targets public servants, bank officials, and a private consultancy, with a chargesheet already filed against some accused.
The government is questioning the visiting Meta team on whether the company is adhering to the law of the land, following summons to the social media giant over temporary restriction of Prime Minister Narendra Modi's Facebook post recently, sources said on Thursday.
A study by researchers at Indraprastha Institute of Information Technology Delhi (IIITD) has used artificial intelligence to analyse over 118,000 recipes from 26 cuisines, revealing statistical 'laws' that govern cooking across cultures.
A study by researchers at Indraprastha Institute of Information Technology Delhi (IIITD) has used artificial intelligence to analyse over 118,000 recipes from 26 cuisines, revealing statistical 'laws' that govern cooking across cultures.
Growth in AI engineering hiring is being driven by rapid AI adoption across organisations of all sizes, said the LinkedIn report.
Delhi Chief Minister Rekha Gupta inaugurated the Commonwealth Table Tennis Championship at the Thyagaraj Sports Complex, highlighting the Delhi government's commitment to promoting sports. The event features top players from 25 Commonwealth nations and will conclude on August 2.
Brijesh Singh, Principal Secretary (Information and Publicity), Maharashtra, highlighted the transformative role of Artificial Intelligence in journalism and encouraged women journalists to embrace this technological shift to enhance their skills and drive positive change.
The Supreme Court has directed the Centre to submit an affidavit detailing the steps taken to implement the recommendations of the Radhakrishnan panel and the Nandan Nilekani committee for institutionalising reforms in the National Testing Agency (NTA) and improving NEET exam processes.
Chandigarh is set to launch the Central Bank Digital Currency (CBDC), or digital rupee, for Direct Benefit Transfer (DBT) under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) on August 14. This initiative makes Chandigarh the first Union Territory to fully roll out CBDC-based DBT for food subsidy, enhancing transparency and efficiency in welfare delivery. The digital rupee, issued by the RBI, will be purpose-bound for purchasing foodgrains from authorised merchants.
Six Arab football federations, including 2030 World Cup co-host Morocco and Qatar, have publicly declared their "full support" and "confidence" in FIFA President Gianni Infantino. This backing comes as Infantino faces significant backlash and withdrawals of support from European and Oceania federations over his failed $20 billion private investment plan for the World Cup, highlighting a growing schism within global football governance.
The Payments Council of India has confirmed that Unified Payments Interface (UPI) services will continue to be free for consumers and small merchants, despite a recent Lok Sabha Bill. This clarification addresses concerns about potential charges, emphasising that while a sustainable financial model for UPI infrastructure is being developed, transaction charges will not be passed on to users or small businesses.
The central government has revamped the Khelo India Scheme's funding pattern, allocating a Rs 565 crore component for states to co-share the cost of future sports infrastructure development projects over a five-year plan. This new model, part of a Rs 29,054 crore outlay, aims to increase state ownership and participation in sports development, significantly expanding the scheme's reach and athlete base.
The government on Tuesday summoned a top Meta executive after Prime Minister Narendra Modi's recent post addressing India's youth and promising stringent measures against paper leaks was briefly restricted by Facebook, and although the US-headquartered social media giant blamed it on a technical glitch and apologised, the IT Ministry found the explanation "inadequate".
A father and daughter have been arrested in Bengaluru for allegedly defrauding over 40 job seekers of more than Rs 5.30 crore by promising them government jobs through fake connections and training centres.
RBI Governor Sanjay Malhotra stated it is "premature" to discuss the implementation of Merchant Discount Rate (MDR) for digital payments, advising a "wait-and-watch" approach. He emphasised that investment in public payment infrastructure is necessary and someone must bear the cost, whether through taxes or MDR. The government is currently working on amendments to relevant statutes, and the RBI is focused on strengthening this infrastructure.
Senior officials from the Asian Football Confederation (AFC) and the All India Football Federation (AIFF) met in New Delhi to discuss key issues including the Indian Super League (ISL), the AIFF's Constitution, and compliance with the National Sports Governance Act, 2025. The AFC assured AIFF of continued support for Indian football.
Wipro has launched its AI-Data Centre solution, integrating NVIDIA's AI Enterprise platform, to accelerate enterprise-scale AI adoption and modernise data centre environments.
"Our endeavour is to bring headline inflation in line with the target over the medium term," said RBI Governor Sanjay Malhotra, addressing concerns about the central bank's policy stance and economic outlook.
Chief Economic Adviser V Anantha Nageswaran has urged the industry to invest in skilling, capability development, and innovation to counter the challenges posed by artificial intelligence, particularly for Global Capability Centres (GCCs). He noted that while the government has supported GCCs through Budget measures like simplifying transfer pricing and promoting expansion into tier-II/III cities, industry must move beyond low-cost execution to thrive in an an AI-driven landscape. Nageswaran emphasised that AI displaces routine tasks, necessitating a focus on higher-value work and continuous skill enhancement to maintain India's competitive edge.
Coforge believes that the rapid adoption of AI is disrupting the traditional labour model but also creating new high-margin opportunities in the IT services industry.
The CBI has filed two chargesheets in connection with the siphoning of Rs 657 crore from Haryana government and Chandigarh Smart City Limited funds held at IDFC First Bank. The fraud involved fictitious transactions, shell entities, and alleged gold purchases and real estate investments, with IDFC First Bank having already reimbursed the Haryana government.
A think tank, GTRI, has urged India to resist US pressure regarding its UPI policies, advocating for competition, policy autonomy, and a sustainable payments ecosystem. This comes as the Lok Sabha passed a bill allowing charges on UPI, and the US has criticised India's digital payment systems, raising concerns about the future of India's digital payment landscape.
'It is not because of the war in West Asia, which began on February 28.' 'Petroleum product prices are already going through the roof. They are bound to have a serious inflationary impact.' 'A country's leadership is tested in trying times. It is here that the current leadership is failing.'
Eleven-year-old Indian karting sensation Atiqa Mir has achieved impressive top-10 finishes in Round 4 of the FIA European Championship, becoming the youngest Indian to do so. She secured ninth and J10th place in heat races, qualifying P11 just 0.13 seconds off the fastest time. Her father, Asif Mir, believes she exceeded expectations and is poised for a full championship challenge next year.
'A favourable base, last year's policy measures, the carryover impact of a good monsoon and improving earnings should all help.'
Meta Platforms CEO Mark Zuckerberg has issued an apology for the temporary removal of Prime Minister Narendra Modi's Facebook post, while company executives acknowledged significant content moderation failures, including issues with child sexual abuse material, deepfakes, and the paid boosting of certain content.
The Enforcement Directorate (ED) has arrested a real estate businessman in connection with the alleged embezzlement of Rs 645 crore from bank accounts linked to the Haryana government, Chandigarh administration, and private schools.
Chhattisgarh Chief Minister Vishnu Deo Sai has announced a Rs 30 lakh cash reward and an out-of-turn promotion to Deputy Superintendent of Police for weightlifter Gyaneshwari Yadav. This recognition follows her silver medal win in the women's 53 kg category at the Commonwealth Games 2026. The Chief Minister lauded her perseverance and dedication, highlighting her achievement as an inspiration for youth and a testament to the state's sporting talent.
The Odisha vigilance department apprehended two government officers on Wednesday for accepting bribes in separate incidents. An Assistant Civil Supplies Officer in Keonjhar district was caught taking Rs 15,000, while a junior engineer with the National Health Mission in Sundargarh was caught taking Rs 5,000.
Experts urge internet platforms to adopt prevention-by-design and stronger AI systems to curb child sexual exploitation material and improve online child safety.
A think tank, GTRI, has urged India to resist US pressure regarding its UPI policies, advocating for the defence of competition, policy autonomy, and the long-term sustainability of its payments ecosystem. This comes as the Lok Sabha passed a bill allowing charges on UPI transactions, a move GTRI suggests should not be influenced by foreign trade complaints.
Tamil Nadu BJP chief Nainar Nagenthran has alleged that a government school in Tiruppur illegally collected fees from students for admission and has sought stringent action against the school authorities.
