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.
UEFA vice-president Laura McAllister stated that UEFA is actively seeking a credible challenger to FIFA President Gianni Infantino for the upcoming March election, emphasising the need for a candidate capable of uniting football's confederations and delivering lasting governance reform, rather than merely installing a European figurehead.
Putin has issued a stark warning to European nations, declaring that any deployment of troops to Ukraine would be met with 'war with Russia'.
India's deputy chef-de-mission, A Sharath Kamal, has downplayed concerns regarding the unique container room and cruise ship accommodation for athletes at the upcoming Asian Games in Aichi-Nagoya. He stated that Indian athletes have been prepared for these arrangements through mock setups at SAI centres. Kamal also expressed confidence in India's table tennis team, predicting at least one medal, specifically highlighting the men's doubles and mixed doubles pairs.
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.
Bihar Deputy Chief Minister Vijay Kumar Chaudhary stated that the JD(U) will thoroughly study the Uniform Civil Code (UCC) Bill before deciding on its stance, indicating they will not oppose it without valid reasons. This position contrasts with the RJD's strong opposition and highlights the JD(U)'s independent approach within the NDA.
West Bengal Chief Minister Suvendu Adhikari has accused the "bhaipo gang," allegedly linked to TMC MP Abhishek Banerjee, of involvement in the murder of his personal assistant, Chandranath Rath. The allegations come as Rath's mother, Hasirani Rath, was nominated by the BJP for the Nandigram by-election. Adhikari claimed Rs 2 crore was spent on the murder and that the CBI investigation is progressing, with phone records and a money courier identified.
Researchers have successfully recreated in a laboratory setting how high-energy cosmic rays interact with Earth's atmospheric gases. Using CERN's Large Hadron Collider, an international team simulated collisions between cosmic particles, similar to those from supernovae, and oxygen beams. This unprecedented experiment provides a clearer understanding of interstellar particles and phenomena like the Northern Lights, improving upon previous computer simulations.
'Listing leads to greater transparency and shareholder oversight.'
The Retailers Association of India (RAI) has voiced concerns that the government's new 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 could reverse the progress of digital payment adoption among small retailers. This fee, effective October 15, places the burden on merchants operating on thin margins, potentially pushing them back to cash transactions and undermining the government's formalisation agenda, especially ahead of the festive season.
Prime Minister Narendra Modi has urged the fintech sector to expand the global reach of India's Unified Payments Interface (UPI), connecting it with local systems in other countries to help the diaspora save on remittance costs.
Shreyas Iyer, India's T20I captain, described his initial stint as skipper as a 'tough pill to swallow' after suffering away series defeats, but emphasised the importance of maintaining 'equilibrium' following a dominant 2-0 series win over Afghanistan.
Indian steeplechaser Avinash Sable made an emotional and triumphant return to competition, winning the men's 3000m steeplechase at the Indian Athletics Series Final. This victory marks his first race in the distance since suffering a career-threatening ACL and meniscus injury in July 2025, which led to surgery and a challenging recovery period. Sable, a Commonwealth Games silver medallist, expressed the immense struggle he faced but is now confident of winning a medal at the upcoming Asian Games.
The investigation into the murder of pharmaceutical trader Vineet Manocha has intensified, with his son Subrat now under police scrutiny. New evidence reveals that the alleged shooter made multiple calls to Subrat from a newly purchased SIM card. While Subrat's wife Shalu and two others are already arrested, police are examining call detail records and financial affairs to uncover Subrat's potential involvement in the conspiracy.
The Indian government has introduced a 0.4% fee on UPI transactions above Rs 2,000 for merchants, effective October 15, sparking strong opposition from political parties and traders. Despite accusations of foreign influence and demands for a rollback, the finance ministry and top functionaries have stated there will be no reversal, citing the need for a self-sustaining digital payments ecosystem.
Tax experts clarify that merchants will pay 18% GST on Merchant Discount Rate (MDR) for UPI payments exceeding Rs 2,000, effective October 15. However, registered merchants can claim Input Tax Credit (ITC), mitigating the tax burden. This move is expected to generate significant GST revenue for the exchequer while funding payment infrastructure.
Ben Shelton defeated Frances Tiafoe in an electric U.S. Open semi-final, setting up a title clash with Alexander Zverev. Shelton's victory marks a significant moment for American men's tennis, as he aims to become the first American Grand Slam champion since 2003 and the first Black American man to reach the U.S. Open final since Arthur Ashe in 1972.
The Indian women's cricket team, after winning their eighth Asia Cup title against Sri Lanka, declined to accept the trophy from ACC chairman Mohsin Naqvi, continuing a trend seen with the men's team last year. This incident highlights an ongoing impasse regarding trophy presentations involving the Pakistani official.
Kerala's Ancy Sojan clinched the women's long jump title at the Indian Athletics Series Final, expressing strong confidence for the upcoming Asian Games where she aims to win gold and experience the national anthem on the podium.
Goan Grandmaster Leon Luke Mendonca won his second straight Global Chess League title as Ganges Grandmasters defeated defending champions Alpine SG Pipers.
Indian golfer Krishiv Tekchandani, known for his philanthropic efforts, has launched an ultra-luxury watch brand called 'XII NOON'. The venture aims to create exclusive timepieces of Bharat origin and will dedicate a portion of its earnings to support widows of Indian Army soldiers.
Finance Minister Nirmala Sitharaman announced that the Goods and Services Tax (GST) Council's October 7 meeting will focus on 'GST 2.0' process reforms, including e-invoicing and input tax credit rules, while also addressing complex issues surrounding the taxation of the digital economy and cryptocurrency.
Fighting in Yemen has intensified as Houthi rebels advance on strategic government-held areas like Marib and Taiz, putting pressure on Saudi Arabia to respond. The conflict is also linked to wider US-Iran tensions affecting shipping in the Strait of Hormuz, with former US President Trump commenting on the situation.
'They felt familiar and real. At the same time, people wanted to share this experience with their loved ones.'
'It's a harrowing book because in the first 100 pages, you have the first-person account of very young girl being abused. It's an important, crucial document from her point of view, but impossible to emotionally endure if one is to illustrate it on screen.'
Zach Cregger's Resident Evil delivers a scary, bloody and surprisingly funny ride that mostly gets away with its bold choices.
The Bombay High Court has strongly criticised the Brihanmumbai Municipal Corporation (BMC) for the pervasive garbage on Mumbai's roads, warning of action against ward officers if the situation does not improve. Hearing petitions on pollution near the Kanjurmarg dumping ground, the court observed that the "entire municipal machinery is inactive" and suggested imposing heavy fines on litterers. The court has demanded BMC's Standard Operating Procedure and a list of officers responsible for cleanliness, threatening to remove those who fail to act.
The question for the next 20 years is not whether India can become a $5 trillion or $10 trillion economy. Those are attractive targets, but the real question is whether India can create enough productive jobs, educate its children properly, make its cities liveable, and give hundreds of millions of people a substantially better life, asserts Ramesh Menon.
India is making a significant push to establish itself as a global semiconductor manufacturing hub, driven by strategic investments and policy support. The upcoming SEMICON India 2026 event will showcase the country's advancements and ambitions in this critical industry, which underpins virtually all modern electronic devices and has faced global supply chain vulnerabilities.
Former chief selector and head coach Haroon Rasheed has attributed the decline of Pakistan cricket to the domestic structure changes implemented by former Prime Minister Imran Khan, who insisted on reducing first-class teams despite recommendations for a hybrid model.
Seventeen-year-old table tennis sensation Syndrela Das has been called up to the senior women's side for the Asian Games. Ranked 99th globally, she aims for gold at the event and a rapid ascent into the top 50, attributing her success to rigorous training and a positive approach to pressure.
Twenty-five years after the September 11 attacks, the 9/11 Memorial & Museum remains a place of remembrance, resilience and reflection, discovers Tanisha Mehrotra.
Chhattisgarh is rapidly emerging as a significant sports destination in India, driven by state government initiatives to host major events and develop infrastructure. Chief Minister Vishnu Deo Sai highlighted the state's commitment to sports, exemplified by the DP World PGTI Nava Raipur Open 2026 golf championship, inaugurated with cricket legend Kapil Dev. These efforts aim to foster talent, promote sports tourism, and transform the state's image, including positive changes in regions like Bastar.
Abhishek Sharma's explosive 82-run innings led India to a seven-wicket victory over Afghanistan in the opening T20 International in New Delhi, giving them a 1-0 lead in the three-match series. Despite recent underwhelming performances, the Indian team showcased a strong collective effort, with key contributions from Jasprit Bumrah, Arshdeep Singh, and Ishan Kishan, while Afghanistan's skipper acknowledged their batting shortfall.
The BJP has accused the Congress of spreading "fake news" regarding UPI transaction charges, asserting that the government has clarified that consumers will not be levied merchant discount rate (MDR) charges. This comes after the Congress criticised a government notification, alleging it paves the way for imposing fees on UPI transactions. The BJP has strongly refuted these claims, highlighting that most UPI transactions remain free and the government provides incentives to maintain a charge-free ecosystem for users.
Alexander Zverev defeated Ben Shelton in the U.S. Open final, securing his first title at Flushing Meadows and his second Grand Slam championship of the year, following his French Open victory.
India's cement industry is on the brink of an oversupply situation as aggressive capacity expansion by major players is set to outpace demand growth over the next two financial years, potentially leading to pricing pressures and moderated utilisation rates.
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.
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.
The BJP has announced Hasirani Rath, mother of slain former aide to Suvendu Adhikari, as its candidate for the Nandigram bypoll, aiming for an emotive campaign. The party also named Sakharav Sarkar for the Rejinagar seat. These bypolls are set against a backdrop of multi-cornered contests and internal TMC disputes, with voting scheduled for October 6.
