Economists widely anticipate the Reserve Bank of India's Monetary Policy Committee will increase the repo rate by 50 basis points, likely split between the October and December meetings, as retail inflation is projected to peak at 6.1 per cent in the third quarter, exceeding the RBI's tolerance limit.
'I don't really expect the August increase in food prices, which was close to 6 per cent, to persist as we go close to the end of this year.'
The Indian government has introduced a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant (P2M) transactions exceeding Rs 2,000, effective October 15. This move ends nearly six years of fully free UPI payments, though person-to-person (P2P) transfers and small P2M payments remain free. The charges aim to bolster investment in UPI infrastructure, with specific exemptions and caps for essential sectors.
India's singles players Sumit Nagal and Dhakshineswar Suresh face challenging conditions in their Davis Cup Qualifier Round 2 tie against South Korea. The hosts have prepared a slow, low-bounce court with heavy balls to negate India's strengths. Captain Rohit Rajpal is confident in the team's ability to adapt and strategize, emphasizing the importance of flexibility and exposing younger players to high-pressure situations.
Indian tennis player Dhakshineswar Suresh discusses the significant transition from collegiate tennis to the professional tour, highlighting the challenges of travelling alone, managing his body, and maintaining consistency. He shares insights on the importance of off-court preparation, physical fitness, and setting ambitious goals like breaking into the top 250.
Khalin Joshi has extended his lead to two shots at the inaugural Rs 1 crore Nava Raipur Open after a bogey-free four-under 30 in the second round. The Bengaluru golfer now stands at nine-under 59, showcasing consistent ball-striking despite challenging weather conditions that shortened rounds to nine holes.
For its 80th year, Mumbai's Parelcha Raja Narepark pays tribute to Maharashtra's Warkari tradition of worshipping Lord Vitthal with a towering 23 feet Ganesha idol, for which water was brought in from Pandharpur's Chandrabhaga river.
The Maharashtra Food and Drug Administration (FDA) has suspended the licences of popular Mumbai restaurant Cafe Mondegar and three other food establishments due to serious food safety and hygiene violations. This action is part of an intensified crackdown by the FDA, which also saw inspections of 38 establishments, seizure of substandard food products worth over Rs 15 lakh, and action against banned gutkha products totalling Rs 1.35 crore in seized goods and vehicles across Maharashtra.
Punjab Chief Minister Bhagwant Mann has confirmed Pakistan's participation in the upcoming Men's Asian Champions Trophy hockey tournament in India. The event, scheduled from October 27 to November 5 in Jalandhar and Mohali, will feature six nations, with India hosting its arch-rivals under the central government's policy allowing multi-lateral sports engagements.
Thank you, Dear Readers, for sharing your pictures of Lord Ganesha.
The Sports Ministry is closely monitoring the internal dispute within Hockey India between President Dilip Tirkey and Secretary General Bhola Nath Singh, stemming from a controversial jersey colour change. The Ministry prefers the factions resolve their differences amicably before considering intervention.
Shafali Verma and Smriti Mandhana's explosive partnership propelled India to 183/5 in the Women's T20I Asia Cup final against Sri Lanka. Despite a late slowdown, their record-breaking fifties laid a strong foundation for India's innings.
Abhishek Sharma etched his name in cricket history by smashing the fastest T20 International hundred by an Indian, a blistering 30-ball century against Afghanistan before the hosts won the match by 127 runs to sweep the series.
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).
Weak verbs and poor language can make even impressive achievements seem ordinary, points out Nayagam PP, a career coach and founder of EduJob360.
Nepal's Hindu groups have sought an all-party discussion on restoring Hindu-nation status within three months.
'Nitishji as CM never supported the UCC and publicly expressed his strong reservations over UCC.'
Michael Carrick faces his biggest test as Manchester United's permanent manager when rising expectations, an indifferent league start and last season's revival meet Manchester City in Sunday's derby.
Matt Renshaw scored a maiden one-day international century and Nathan Ellis took five wickets to guide Australia to a 59-run victory over Zimbabwe in the first match of their three-game series in Harare. Australia posted 294-8 batting first, with Renshaw making 109. Zimbabwe, despite fighting half-centuries from Craig Ervine and Sikandar Raza, were bowled out for 235.
'Ultimately, banks are a channel for people to get some long-term return, and this means banks need to adjust their asset-liability mismatch.' 'Customers also need long-term deposits, say those of three-five years. How would they get them if returns on those deposits do not climb?' 'Otherwise, on fixed deposits, a senior citizen doesn't get anything.'
Hockey India has issued a show-cause notice to its Director General, Cdr R K Srivastava, immediately stripping him of all powers. The notice lists eight charges, prominently featuring the controversial change in the Indian team's World Cup jersey and Srivastava's unauthorised travel to the event despite directives to focus on the Hockey India League. He has four weeks to respond, failing which further action will be taken.
A minor dispute over a matchbox in northwest Delhi escalated into a fatal stabbing, leaving a 30-year-old construction worker dead and another man injured. Police have arrested three individuals, including the main accused, in connection with the incident.
Shah Rukh Khan offered a rare glimpse into his family's private Ganpati celebrations at Mannat, revealing his wife Gauri Khan performs the aarti, followed by a simple family visarjan.
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.
N Chandrasekaran's letter of not seeking a third term was written to Tata Sons directors (including to Noel Tata as a nominee director) and, therefore, Tata Trusts did not have a locus standi on accepting or rejecting that letter.
Indian athletes, including wushu and table tennis players, faced initial check-in difficulties upon arrival for the Asian Games in Nagoya. While some wushu players and coaches reportedly had issues with room allocation on the designated cruise ship, officials stated the problems were resolved. The Games' accommodation plan involves a mix of cruise ships, container rooms, and hotels, with some contingents already raising concerns about the quality and availability of lodging.
A Public Interest Litigation has been filed in the Supreme Court challenging the Centre's decision to impose a 0.4 per cent Merchant Discount Rate (MDR) on UPI person-to-merchant transactions exceeding Rs 2,000. The plea argues that the levy was introduced without adequate statutory safeguards, transparency, or public consultation, and questions its constitutional validity and potential adverse effects on merchants and consumers.
India opener Smriti Mandhana has significantly strengthened her position in the ICC T20I rankings, moving closer to the top four after a remarkable 124 against Hong Kong, China.
Prime Minister Narendra Modi's 76th birthday was celebrated with extensive programmes in Varanasi, his Lok Sabha constituency. Events included special prayers by 76 young priests, a milk 'abhishek' of the Ganga, and a significant 'Seva Sankalp' motorcycle journey from Varanasi to Vadnagar, Modi's birthplace, involving 500 participants. Several prominent political figures, including Defence Minister Rajnath Singh and Uttar Pradesh Chief Minister Yogi Adityanath, participated in the celebrations, offering prayers for Modi's health and India's progress.
'And now since Lakshmi Mittal owns Rajasthan Royals, he will never let Vaibhav Sooryavanshi go anywhere. And if it ever happens, not just me... the entire IPL world of owners are waiting.'
'When I was shooting the scene, I started welling up and I don't know why.'
Meghna Gulzar's Daayra delves into the uncomfortable territory between public anger, police power, and the rule of law, drawing inspiration from the 2019 Hyderabad rape-murder case and the subsequent police encounter.
Former England winger Raheem Sterling pleaded guilty to dangerous driving after being seen inhaling 'laughing gas' before crashing his Lamborghini. The incident occurred on the M25 and M3 motorways, with witnesses reporting erratic driving. Sterling also admitted possession of nitrous oxide and failing to provide a blood specimen. The case has been adjourned for a pre-sentence report, and he has been disqualified from driving.
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.
An 81-year-old man, Asgarali Vohra, who claims to be a schoolmate of Prime Minister Narendra Modi, has found relief in a long-standing land dispute. After Vohra met PM Modi to appeal for a CBI probe, a firm linked to a BJP MLA, Seven Eleven Construction, backed down, surrendering its construction permit and withdrawing a police complaint against Vohra. The dispute involved a prime plot in Palghar district that Vohra bought in 1989, which he alleged was encroached upon by two firms.
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.
President Droupadi Murmu extended her congratulations to both the junior men's and women's hockey teams for their recent Asia Cup triumphs, highlighting their dedication and teamwork. Both teams secured their respective titles, with the women defeating China and the men beating Korea, thereby qualifying for the Junior World Cup.
Eight-time Olympic champion Usain Bolt expressed amusement rather than frustration upon learning that a robot in China had broken his 100-metres world record by almost a second, stating, 'It just made me smile.'
Karnataka Health Minister U T Khader announced the busting of a major interstate counterfeit drug racket, leading to an arrest and an ongoing investigation into the suspected supply of fake medicines to hospitals. The racket involved procuring cheap drugs, refilling them, and relabelling them as premium brands, with seizures worth Rs 5 crore. A Special Investigation Team (SIT) has been formed to probe the widespread network.
