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.
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.
Star Indian pacer Jasprit Bumrah made a strong return to the nets at Kotla, showcasing his full range of skills and dominating young batsman Vaibhav Sooryavanshi. His presence brought a renewed energy to the team's training session, with even senior players like Shreyas Iyer struggling against his pace.
Lamine Yamal's double propelled Barcelona to a hard-fought 4-2 victory over Levante, preserving their perfect LaLiga start with five wins and extending their winning run.
Pro Ref chief Howard Webb confirmed that VAR officials Matt Donohue and Blake Antrobus were stood down after 'tunnel vision' led to the incorrect awarding of Erling Haaland's goal in the Manchester derby, acknowledging the error to Manchester United.
India spinner Varun Chakaravarthy has been ruled out of the T20 series against Afghanistan due to a fresh injury, casting significant doubt on his participation in the upcoming Asian Games. This comes shortly after his recovery from a previous hamstring injury, raising concerns about player injury management.
Nikhil Singh, an Indian elite runner from Mumbai, unexpectedly won the high-altitude Ladakh Marathon, attributing his success to mental strength and strategy.
BRICS leaders, in their New Delhi Declaration 2026, have called for wider access to Artificial Intelligence resources and stronger international cooperation to ensure the technology is safe, secure, inclusive, and reliable. The declaration outlines a broad technology agenda covering AI, cybersecurity, digital public infrastructure, telecom, quantum technologies, and advanced manufacturing, committing to implement the grouping's statement on 'Global Governance of Artificial Intelligence'.
Liverpool's underwhelming start to the Premier League season continued with a drab 0-0 home draw against Fulham, leaving new coach Andoni Iraola unbeaten but with his side struggling to find form.
India's passenger vehicle (PV) exports saw a 17 per cent year-on-year decline in August, contrasting sharply with a 36.5 per cent surge in domestic dispatches, which reached a record high for the month as automakers prepared for the festive season.
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.
The LIC Golden Jubilee Scholarship Scheme is offered by the LIC Golden Jubilee Foundation aims to support meritorious students from economically weaker sections by providing financial assistance for higher education and improving their future employment opportunities.
India opener Shafali Verma has expressed confidence in the team's middle-order ahead of their Women's Asia Cup semi-final clash against Bangladesh, dismissing concerns over recent low scores.
A Keralite woman travel vlogger, Arunima, faced threats of arrest in Bamyan, Afghanistan, for violating local laws that prohibit women from travelling alone. She recounted being questioned by authorities and needing assistance to proceed, highlighting the challenges faced by solo female travellers in the region.
Eighteen mainboard IPOs raised Rs 28,976 crore and carry Rs 2.48 trillion of market value -- 8.6 times the capital raised.
The ceremonial torch for the Chess Olympiad 2026 in Samarkand, Uzbekistan, was handed over by FIDE Interim President Viswanathan Anand and AICF president Nitin Narang to Uzbek player Javokhir Sindarov. This event marks the official countdown to the prestigious team competition, continuing a tradition started by FIDE in 2022 to build excitement for the global chess event.
Devotees had their first glimpse of Lalbaugcha Raja on Friday, September 11, 2026, at 7 pm
India's Davis Cup team is set for a high-stakes Qualifier Round 2 clash against South Korea in Seoul, with players like Dhakshineswar Suresh and Sumit Nagal aiming to secure a historic Final 8 berth under the current format.
'Earlier, Ganeshotsav was social. Now it is all about social media.'
Indian steeplechase champion Avinash Sable faced a career-threatening knee injury and subsequent psychological struggles, leading to 14 months on the sidelines. Despite a tough upbringing, the physical and mental toll of inactivity and a second injury pushed him to the brink of retirement. With renewed determination and support, Sable has overcome his fears and is now back in competitive shape, aiming to defend his Asian Games title.
Arunachal Pradesh Chief Minister Pema Khandu and Deputy Chief Minister Chowna Mein paid rich tributes to engineers on National Engineers' Day, commemorating the birth anniversary of Sir M Visvesvaraya. They highlighted the crucial role of engineers in the state's development, infrastructure, and India's overall progress, acknowledging their contributions to nation-building and technological advancement.
The Union Cabinet has approved a significant increase in the mandatory EPFO wage ceiling from Rs 15,000 to Rs 25,000 per month, a move expected to bring over 51 lakh additional employees under mandatory social security coverage.
Sanjukta Parashar, an IPS officer with a formidable background in counter-insurgency, has made history by becoming the first woman inspector general of the CRPF's elite CoBRA force.
Gurucharan Singh Hora, current Joint Secretary (Interim) of the All India Tennis Association (AITA), has announced his candidature for the Secretary General post. His decision comes amidst ongoing legal challenges and governance reforms within the AITA, with fresh elections mandated by the Delhi High Court.
Indian spinner Varun Chakravarthy emphasises the importance of focusing on the 'process' rather than 'results' to maintain consistency and mental fortitude in cricket, especially after a period of mixed performances.
Indian sprinter Gurindervir Singh, who holds the national record in the men's 100m, expressed renewed focus and confidence for the upcoming Asian Games after recovering from a hamstring injury that affected his Commonwealth Games performance. He stated he is "completely fit" and performing personal bests in training.
India has dismissed Pakistan's recent announcement of a seven million rupees bounty on Jaish-e-Mohammed chief Masood Azhar as a "gimmick," demanding concrete action against terrorism. India highlighted Pakistan's history of similar "phoney announcements" and its alleged sheltering of Azhar, while Pakistan faces international pressure from the FATF to crack down on terror financing.
Sebi chairman Tuhin Kanta Pandey acknowledged that all global jurisdictions experienced lower liquidity during the initial implementation phases of the closing auction session (CAS), a stock price determination framework introduced in India on August 3.
Haiwaan's staggeringly foolish notions make for unintended comedy, rues Sukanya Verma.
The Reserve Bank of India (RBI) has endorsed the introduction of a Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000, effective October 15. This move, which levies a 0.4 per cent fee on merchant payments above the threshold, aims to bolster the long-term sustainability and growth of India's digital payments ecosystem. The RBI clarified that person-to-person (P2P) transactions and small person-to-merchant (P2M) payments below Rs 2,000 will remain free for users, ensuring no direct charge on customers.
The Supreme Court has rejected pleas to reconstitute a high-powered committee investigating alleged police excesses against student protesters in Delhi, stating that the allegations against the panel were based on conjecture. The court emphasised the committee's role in ensuring fairness and transparency, and directed it to proceed with its inquiry into various issues including the use of pellet guns, targeted violence, and property destruction, while ensuring protection and confidentiality for vulnerable witnesses.
Pakistan, Saudi Arabia and Turkiye on Friday signed a key joint defence agreement under which an attack against one of them will be treated as an attack against all of them, amid increasing security concerns in the wake of escalating tensions in West Asia.
Indian boxer Parveen Hooda is set to compete in the Asian Games, aiming to win a medal after her previous bronze was revoked due to a WADA suspension for whereabouts failures. Her comeback journey has been marked by significant challenges, including changing weight categories multiple times, overcoming injuries, and adapting her training to a new division. Hooda is determined to prove herself and achieve a podium finish, viewing it as unfinished business.
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 CPI and CPI(M) have announced they will contest one Assembly segment each in the upcoming Tamil Nadu bypolls, while continuing their outside support for the ruling TVK. This decision creates a five-cornered contest and highlights the Left parties' independent stance, aimed at preventing indirect BJP influence and addressing public issues.
The All India Football Federation (AIFF) has scheduled a Special General Body Meeting (SGM) for October 4 in Kolkata. The primary agenda includes appointing an electoral officer from the Sports Ministry's panel and passing a resolution to conduct elections for its executive committee. Additionally, the SGM will elect sportspersons of outstanding merit to the federation's general body, with current executive committee members not holding voting rights.
Industry is pushing for GST reforms that would let companies use unused tax credits from one state to pay GST liabilities in another, potentially freeing up working capital trapped across state registrations.
India, having already secured the T20 series against Afghanistan, is likely to experiment with its playing XI in the third and final match in New Delhi. This provides an opportunity for players like Vaibhav Sooryavanshi and others on the bench to get game time before the Asian Games, while Afghanistan aims for an improved performance to boost morale.
India's in-form pacer Mukesh Kumar has signed with Nottinghamshire to play the final two matches of the 2026 English County Championship season. This marks his first domestic stint outside Bengal, offering him a chance to test his skills in new conditions after a successful Duleep Trophy campaign.
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.
