The three-month long outreach will be closely monitored by senior government officials.
Industry body Assocham has welcomed the new UPI framework for large-value merchant transactions, effective October 15. This framework introduces a 0.4 per cent Merchant Discount Rate (MDR) on person-to-merchant UPI payments exceeding Rs 2,000, with a cap of Rs 300 for transactions over Rs 75,000. The move aims to enhance UPI sustainability, support innovation, and mitigate fraud, while protecting small merchants and ensuring most everyday transactions remain free.
The Women's Golf Association of India (WGAI) is advocating for increased government support and improved grassroots infrastructure to make golf more accessible to young players in India. WGAI president Kavita Singh and Hero MotoCorp executive vice-president Sanjay Bhan challenged the perception of golf as an elitist sport, highlighting the need for public facilities and resources to foster talent and change mindsets. They stressed that government intervention is crucial for developing the sport and creating career opportunities beyond playing.
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.
'Separate needs from wants and minimise discretionary spending.'
Pakistan is set to participate in the Men's Asian Champions Trophy hockey tournament in India, with Punjab Chief Minister Bhagwant Mann confirming the union government's policy allows multi-lateral engagements despite bilateral tensions. The tournament, featuring six nations including India and Pakistan, will be held from October 27 to November 5 in Jalandhar and Mohali, with free entry for all matches.
Greece secured a surprising 1-0 victory over hosts Germany in their Nations League Group A2 match, with Dimitris Kourbelis scoring the decisive goal. This defeat marks a difficult start for new German coach Juergen Klopp, who has now failed to win either of his first two matches in charge. The win puts Greece atop their group, while Germany remains on one point.
Former Rajasthan chief minister Ashok Gehlot has criticised the Centre for introducing a 0.4% charge on UPI transactions above Rs 2,000, alleging the decision was influenced by pressure from the United States and its payment companies like Visa and Mastercard. He highlighted a perceived shift in the government's stance on Merchant Discount Rate (MDR) for UPI, claiming it would ultimately burden consumers and small businesses while benefiting American firms.
Industry leaders at an AIMA panel discussion emphasised the need for businesses to quickly adapt to changing market conditions and invest in technologies like artificial intelligence to build resilience and achieve long-term growth. They highlighted the current era of uncertainty driven by geopolitical tensions, supply chain disruptions, and rapid regulatory changes, stressing that tactical responses are as crucial as long-term strategy.
Ajeetesh Sandhu extended his lead to three shots at the Chennai Open after a bogey-free 68 in the third round, moving to 17-under 199. Viraj Madappa climbed to second with a day's lowest 63, while Stepan Danek slipped to third. The tournament is part of the Race to DP World India Championship.
Khalin Joshi retained his one-shot lead after the third round of the inaugural Nava Raipur Open, despite a challenging day on the course. Heavy rain forced the tournament to be played over the back nine, with Angad Cheema emerging as his closest competitor.
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.
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.
Finance Minister Nirmala Sitharaman has strongly refuted Opposition allegations that the decision to levy a 0.4 per cent Merchant Discount Rate (MDR) on specific UPI transactions above Rs 2,000 was influenced by external pressure. She clarified that the decision was a professional one made by the payment ecosystem, not a government imposition or a tax on consumers, with collected funds distributed among banks and UPI entities to ensure a sustainable digital payments framework.
India is strategically positioned to develop a robust domestic semiconductor ecosystem, driven by increasing electronics consumption, strong government support through incentives, and a global shift in supply chains. Boston Consulting Group Managing Director Ankush Wadhera highlights India's potential as a safe haven for investments, with the AI boom further fuelling demand for advanced chips. The nation aims to expand its capabilities across the entire semiconductor value chain, attracting significant global and domestic investments.
A Supreme Court bench of Justices Dipankar Datta and Satish Chandra Sharma has given split opinions on whether pleas challenging the 2023 law for appointing the Chief Election Commissioner and Election Commissioners should be referred to a larger Constitution bench, citing a difference in views on the law's constitutional validity and the executive's role in selections.
Volkswagen, a long-standing but minor player in India's fiercely competitive automotive sector, is now exploring a strategic partnership with the JSW group, aiming to revitalise its market presence, enhance profitability, and potentially establish India as a key export hub for electric vehicles.
The Sports Authority of India (SAI) Bengaluru has introduced Japanese cuisine into its athletes' diet plan to help them adapt to food culture ahead of the upcoming Asian Games in Aichi-Nagoya, Japan. This initiative aims to prevent performance issues caused by dietary struggles, as observed in past international events, and involves a gradual introduction of dishes and strict adherence to nutritional and safety standards.
Zoho co-founder Sridhar Vembu argues that predictions of AI's catastrophic outcomes are overstated and a global pause in AI development is improbable. He urges India to adopt an independent AI strategy, focusing on extensive foundational R&D across sectors, while remaining wary of market monopolisation attempts by major tech players. Vembu also highlights concerns about AI's impact on human judgment, skill development, and job markets, particularly for junior professionals.
Waiting Hai exposes Indian Railways' tatkal ticket scams with .
Manchester City has reportedly been found guilty of 114 out of 115 alleged breaches of Premier League financial rules, a development that could have significant repercussions for English football. The club denies wrongdoing and plans to appeal, stating the process is ongoing and confidential. This ruling follows a lengthy investigation and raises questions about financial regulation and competitive integrity in the league.
Virat Kohli has expressed strong confidence in Shubman Gill's leadership potential, stating that Gill possesses the right perspective and intensity to captain India for a long time.
China has strongly rejected a US bill that would impose tariffs on countries, including India, for purchasing Russian oil and gas. Beijing views the "Lindsey O Graham Sanctioning Russia and Iran Act 2026" as an act of "long-arm jurisdiction" and interference in its sovereign trade relations, asserting that its economic cooperation with other nations is based on equality and mutual benefit.
A report by Scholars at Risk, 'Free to Think 2026', states that academic freedom in India is "severely restricted" due to increasing government influence over higher education, university governance, and curbs on student expression. India is listed among six countries in this category, with its Academic Freedom Index score sharply declining. The report cites instances of faculty dismissals, event cancellations, and pressure on student protests, highlighting the alleged use of the UGC as a vehicle for state influence.
Maharashtra Deputy Chief Minister Eknath Shinde concluded a two-day visit to the UK, focusing on attracting foreign direct investment and promoting the state's economic potential. His engagements included receiving leadership awards, meeting with sports figures like Virat Kohli to discuss Olympic aspirations, and appealing to British investors to bring technology and capital to Maharashtra, leveraging the India-UK FTA.
The Indian government has introduced a 0.4% transaction fee on Unified Payments Interface (UPI) payments exceeding Rs 2,000 for merchants, effective October 15, marking the end of nearly six years of free service. Person-to-person transfers and small-value transactions below Rs 2,000 remain free. The new Merchant Discount Rate (MDR) is capped at Rs 300 for transactions above Rs 75,000, with differentiated rates for essential sectors and investments, and safeguards to prevent costs from being passed to consumers.
A new study reveals that past emissions from major oil, gas, coal, and cement producers will continue to impact Earth's environment for centuries, even if emissions cease today. The research highlights that the planet will remain significantly warmer than pre-industrial levels, leading to persistent climate damages and increasing the likelihood of future extreme weather events, forming the basis for accountability lawsuits against these "carbon majors."
Experts laud the decision to impose a 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000, effective October 15. This move, along with a dedicated fund for small merchants, is seen as crucial for creating a sustainable digital payments ecosystem, incentivising expansion in rural areas, and funding innovation while keeping most transactions free for users.
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.
In Pune, 31 prominent Ganapati mandals celebrated a "DJ-free" Dahi Handi, advocating for traditional instruments over high-decibel sound systems for upcoming festivals like Ganeshotsav. This initiative, led by Punit Balan, aims to preserve Maharashtra's cultural heritage and reduce noise pollution, gaining support from around 200 mandals and the Chief Minister.
Ganesh Chaturthi is a time for prayer, family and always feasting. Nine recipes for you.
Aston Villa kicked off their Champions League journey with a hard-fought 3-2 away victory over Club Brugge, propelled by two assists from Pau Torres. Meanwhile, AEK Athens also secured a winning start, defeating Austrian side LASK 1-0 thanks to a stunning free-kick from Razvan Marin.
The National Payments Corporation of India (NPCI) stated that the Merchant Discount Rate (MDR) "is distributed only amongst the UPI ecosystem, to further invest into infrastructure resilience, innovation, cybersecurity (protecting the UPI infrastructure with banks and non-banks) and customer service."
A CNN reporter was denied entry to the White House and had her press pass seized on Saturday (local time), as the Trump administration began enforcing President Donald Trump's announced ban on CNN, MS NOW and Politico from the White House premises.
The government is introducing a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant payments above Rs 2,000, effective October 15. This move ends the zero-MDR regime, aiming to fund UPI infrastructure and sustainability, as the previous government subsidy was insufficient to cover operational costs. Payments between individuals and most everyday merchant transactions will remain free.
The Maharashtra government has declared 265 out of 358 talukas as drought-affected, covering 74% of the state, due to significant rainfall deficit. This declaration activates 'Trigger-1' of the state's drought management framework, leading to the announcement of various relief measures for farmers and residents, including loan restructuring, revenue concessions, and provisions for water and fodder.
Thinking about Botox or fillers? Dr Shilpi Bhadani explains how they work, how long they last, the risks, side effects, maintenance and why your doctor matters.
Former Haryana Chief Minister Bhupinder Singh Hooda has criticised the newly introduced fees on UPI payments, stating they will lead to increased inflation for the common man. He dismissed government claims that customers would not be burdened, arguing that merchants would pass on the costs. Hooda demanded the immediate withdrawal of these fees, highlighting that the government's move contradicts its 'Digital India' initiative.
India on Tuesday reiterated the call for free and safe navigation in international waters and the unhindered flow of commerce through international waterways in the region after the Panama-flagged commercial vessel MT El Gaia came under attack off the coast of Oman, with 13 of the 14 Indian nationals on board rescued while search operations are underway for one missing seafarer.
75% of India's 60 million digital-payment merchants have never recorded a transaction above 2,000.
