75% of India's 60 million digital-payment merchants have never recorded a transaction above 2,000.
Paralympic Committee of India president Devendra Jhajharia expressed confidence in the Indian contingent's performance at the upcoming Asian Para Games in Japan. He highlighted the team's focused training, stress-free environment, and recent successes, while also outlining long-term plans for the 2028 and 2032 Paralympics and addressing grassroots development challenges.
Brighton and Hove Albion delivered a stunning 3-0 defeat to Arsenal, ending the Premier League champions' perfect start to the season with goals from Pascal Gross, Charalampos Kostoulas, and Chema Andres.
RBI Deputy Governor Shirish Chandra Murmu has dismissed concerns that the new Merchant Discount Rate (MDR) on UPI payments above Rs 2,000 will increase cash transactions. He also clarified the 'cash paradox' of rising digital payments alongside cash in circulation, explaining cash's dual role. Murmu further detailed the RBI's extensive regulatory changes aimed at reducing compliance burdens and emphasised that accountability for AI-driven decisions in finance will remain with institutional boards.
Paytm CEO Vijay Shekhar Sharma stated that the government's new Merchant Discount Rate (MDR) on large-value UPI transactions will significantly increase the company's revenue and profitability. The 0.4% fee on UPI transfers exceeding Rs 2,000 to merchants, effective October 15, is expected to give Paytm a competitive edge. Sharma also highlighted the company's focus on generating free cash flow, expanding internationally, and developing proprietary artificial intelligence capabilities to drive future growth.
Zoho has launched Zia Chat, a unified AI interface designed to streamline business operations across various functions by providing a single conversational platform for information, lead generation, and data analysis. Concurrently, the company has expanded into vertical SaaS with seven new industry-specific applications for sectors like retail, automotive, healthcare, and education, reinforcing its position as a homegrown alternative to global tech giants.
India experienced a day of mixed results at the Asian Games, securing a gold medal in shooting through Suruchi Singh and Kamaljeet, and a silver in men's 10,000m with Gulveer Singh. However, a major setback occurred with the unexpected early exit of top badminton men's doubles pair Satwiksairaj Rankireddy and Chirag Shetty. The nation also added several bronze medals in pole vault, shot put, table tennis, and assured more in squash, pushing its total medal count to 23.
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.
Homegrown software company Zoho has launched Zia Chat, a unified AI interface designed to streamline business operations across various functions. Alongside this, Zoho announced its entry into vertical SaaS with seven industry-specific applications for sectors like retail, automotive, healthcare, and education, reinforcing its position as a 'Swadeshi' alternative to global tech giants.
The opposition has intensified its criticism of the government's decision to impose a 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, effective October 15. Leaders like Rahul Gandhi and Jairam Ramesh allege the move is a result of US pressure, particularly from American card companies, and demand an immediate rollback, warning of increased costs for consumers.
Trade and business associations across India are organising a 'No UPI Day' on October 2 to protest the upcoming 0.4 per cent merchant discount rate (MDR) on Unified Payments Interface (UPI) transactions exceeding 2,000, effective from October 15.
India-EU FTA opens a bigger European market for Indian carmakers while giving European brands greater access to India.
The Chintan Shivir is expected to discuss the progress of government schemes, policy implementation, time management, inter-ministerial coordination, and public service delivery, among others.
Comparing the two states is comparing an apple to an orange. I ate apples for years. Then I felt I needed some citrus, and I moved to oranges. That doesn't make the apple a lesser fruit, reflects Binu Alex.
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.
Infinix has expanded its tablet portfolio with the global debut of the Xpad 30 Pro. The new model sports an 11-inch panel with 2.5K resolution and comes in three colour variants.
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 Supreme Court has issued a landmark directive against immediate arrests in Protection of Children from Sexual Offences (POCSO) Act cases where the accused is a parent or family member living with the child, and a matrimonial dispute exists. The ruling mandates psychological evaluation of the child by experts before police or courts form an opinion to arrest, aiming to prevent the misuse of the law in estranged couple cases.
I have to thank the 1980s for its soul-stirring music. It added so much melody and cheer to my life -- there hasn't been so much lovely music like that since, recalls Vaihayasi Pande Daniel.
The Finance Ministry has dismissed allegations of US pressure influencing the 0.4% Merchant Discount Rate (MDR) on select UPI transactions. It clarified that NPCI guidelines prioritise RuPay credit cards on UPI and do not favour international cards. The ministry also asserted that the MDR, applicable to person-to-merchant transactions above Rs 2,000, is unlikely to increase cash transactions or cause inflation, with measures in place to prevent burdening consumers.
Students at IIT Bombay are demanding 'meaningful institutional reforms' and greater accountability following the death of Sahil Wakode, a second-year B Tech student. While condemning academic misconduct, students highlight systemic issues and have submitted a comprehensive set of demands to the Director, who has agreed to implement them. The protest also addresses the removal of Dean Suryanarayana Doolla during an investigation into alleged abetment to suicide and caste discrimination, emphasising the need for an independent probe.
Atletico Madrid defeated 10-man Real Madrid 2-1 in a heated LaLiga derby at the Metropolitano. Goals from Alejandro Grimaldo and Jonathan David secured the win, moving Atletico above Real in the standings. Real's Dean Huijsen was sent off, and Antonio Ruediger scored a late consolation goal.
The Supreme Court has taken a serious view of allegations of harassment against a minor girl who participated in the July Cockroach Janta Party protests. The court emphasised that nobody should be allowed to intimidate a victim or her family from pursuing criminal proceedings and directed the Solicitor General to ensure action on the girl's FIR, seeking reports from Delhi and Uttar Pradesh governments.
Congress leader Rahul Gandhi has launched a scathing attack, calling Prime Minister Narendra Modi, Home Minister Amit Shah, and Chief Election Commissioner Gyanesh Kumar 'deshdrohis' (traitors) for allegedly 'destroying' India's voting system and 'stealing elections'.
Andhra Pradesh Chief Minister N Chandrababu Naidu announced several new initiatives for Tirumala Tirupati Devasthanams (TTD), including Aadhaar-based devotee insurance for Rs 2 lakh, the establishment of an SV Museum by TCS Trust, and the introduction of electric buses donated by Reliance Foundation and Bharat Biotech. The plans also include global expansion of Srivari temples, improved Annadanam, integrated hospital services, and significant infrastructure development in Tirupati to make it a services and wedding destination with a Net Zero concept.
Zoho cofounder Sridhar Vembu dismisses exaggerated fears about AI's catastrophic potential and global development pauses. He advocates for India to adopt an independent AI strategy, fostering partnerships while avoiding entanglement in US-China tech rivalry. Vembu stresses extensive investment in foundational R&D across sectors, distinguishing it from costly frontier AI model development. He also highlights concerns about AI's impact on human judgment, skill erosion, and job disruption, particularly in software engineering, while remaining optimistic about new economic opportunities.
'These limits will change. Very soon restrictions, restrictions will come.'
The Sports Ministry has established a 20-member National Sports Election Panel, including former Chief Election Commissioners, to oversee fair elections in national sports bodies as mandated by the National Sports Governance Act. Concurrently, the deadline for applications to the National Sports Tribunal, which will handle sports disputes, has been extended.
Manchester City secured their position at the top of the Premier League table with a thrilling 5-3 victory over Sunderland. Despite a hat-trick from Sunderland's Brian Brobbey, City maintained their 100% start to the season, with Antoine Semenyo scoring a double and Erling Haaland sealing the win late on. Elsewhere, Liverpool secured a 1-0 win against Bournemouth, while Leeds United drew 0-0 with Crystal Palace.
Property insurance premium rates are increasing by 25-30 per cent, primarily due to a reduction in discounts, following substantial claims from natural calamities like the Gujarat floods, which caused an estimated 5,000 crore in losses.
Brentford secured a historic 3-0 victory over Chelsea in a Premier League match, with second-half goals from Jaidon Anthony, Igor Thiago, and Fabio Carvalho. This marks Chelsea's third consecutive league game without a win and Brentford's first home win against Chelsea since 1938.
Real Madrid, Manchester City, Borussia Dortmund, Real Betis, Aston Villa, and AEK Athens all secured victories in their opening Champions League matches.
Foreign institutional investors have withdrawn nearly $40 billion from Indian equities in the last two years and, according to Bernstein analysts, have 'little reason' to invest for the long-term, though they may 'return to trade'. The brokerage highlights challenges such as struggling large-caps, disruption from new technologies, and difficulties accessing small- and mid-caps (SMIDs) at an institutional scale.
Did love make Bhagat Singh a weaker revolutionary? In a heated argument once, Sukhdev accused him of allowing his fascination with a woman to come in the way of revolutionary duty. Bhagat Singh's answer, in a letter days later, was a defence of love as a revolutionary's strength, not a weakness. On Bhagat Singh's 119th birth anniversary, Utkarsh Mishra looks at the friendship, arguments and ideas that bound him and Sukhdev together.
Shiv Sena (UBT) president Uddhav Thackeray has threatened legal action if the "character assassination" campaign targeting his family over the 2020 Disha Salian death case does not cease. His son, Aaditya Thackeray, also denied any connection to Salian, whose death is now under CBI investigation following a Bombay High Court order.
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.
For five Mumbaikars who were teenagers or in their 20s during the 1980s, the decade was not a sepia-toned Instagram filter. It was their everyday life, they tell Rediff's Rishika Shah. And while they remember its limitations, what they seem to miss most is something technology can't recreate -- the unhurried warmth of human connection.
Rishi Panchami Bhaji, also known as Rushichi Bhaji, is a traditional Maharashtrian and Konkan festive preparation made during Rishi Panchami, observed on the second day of Ganesh Chaturthi. The dish brings together seasonal vegetables, leafy greens and tubers, reflecting the simplicity and abundance of traditional cooking.
The Mamata Banerjee-led faction of the Trinamool Congress has unveiled a new logo featuring a football player as its interim election symbol. This move comes after the Election Commission froze the party's original name and symbol due to an internal dispute. The new symbol, along with the name 'Mamata All India Trinamool Congress', will be used in the upcoming October 6 bypolls, with the faction actively publicising it to familiarise voters.
A political storm has erupted with the Opposition demanding the removal of Chief Election Commissioner Gyanesh Kumar, following reports that two Election Commissioners raised 'expansive red flags' over the Special Intensive Revision of voters' lists, citing issues like name deletions and decisions made without their knowledge.
