The US Department of Homeland Security (DHS) has proposed a new rule to eliminate the 60-day grace period for H-1B visa holders and other nonimmigrants after job loss, a move expected to significantly impact Indian technology workers.
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.
A government bill proposing to widen the remit of the Indian Statistical Institute (ISI) is facing scrutiny from Members of Parliament. Concerns have been raised that the Indian Statistical Institute Bill, 2026, could reduce the premier institute's autonomy. The bill, currently under examination by a Parliamentary Standing Committee on Finance, aims to incorporate ISI as a 'body corporate' to strengthen governance and promote academic excellence, but critics fear increased government control.
'If you listen to a rowdy in a class, he will keep on bullying you.' 'India can say do whatever you want. We will not compromise on anything.'
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.
InsuranceDekho and RenewBuy have merged to establish India's largest artificial intelligence (AI)-enabled insurance distribution platform, targeting a significant premium book and extensive reach across the country.
Wushu player Divyanshi Choudhary has accepted the national federation's decision to drop her from the Asian Games squad due to an ACL tear.
Quimcy Dsouza, a former Maharashtra footballer, made an unconventional journey to the Asian Games teqball semifinals after discovering the sport through Ronaldinho. Despite a defeat, she expressed pride in her performance and her role in pioneering teqball in India, highlighting the challenges of limited funding and her dedication to growing the sport.
The Congress party has accused the Modi government of succumbing to US pressure by introducing a 0.4% Merchant Discount Rate (MDR) on UPI transactions over Rs 2,000 for merchants. The party alleges this move aims to benefit US card companies and links it to broader US actions against India, including tariffs and H-1B visa issues. The government, however, clarifies that consumers will not be charged.
Moody's Ratings has sharply increased India's GDP growth forecast for fiscal 2026-27 to 7 per cent, making it the fastest among G20 economies, driven by economic resilience despite the Middle East conflict. However, the agency flagged significant inflation risks stemming from elevated oil prices and potential El Nino disruptions.
India's Sports Minister Mansukh Mandaviya has announced the formation of a 10-member Task Force, chaired by Niti Aayog's Yugal Kishore Joshi, to assess the feasibility and challenges of reviving Formula 1 in the country. The committee aims to develop a roadmap for India to host a Grand Prix by 2028, focusing on sustainable growth, policy interventions, and addressing past issues like taxation. The Adani group, owners of the Buddh International Circuit, will also be involved.
Following a disappointing performance against Afghanistan, Sanju Samson's inconsistent form has once again put his place in India's T20I squad under intense scrutiny.
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.
Five-time Guinness World Records holder Sufiya Sufi is preparing to defend her Ladakh Silk Route Ultra Marathon title, aiming for a record-breaking performance. She shares her journey into ultra-running, which began in 2017 as an escape from a monotonous routine, and her ultimate dream of a 30,000-km circumnavigation run.
India's foreign exchange reserves have surged by a record USD 44.903 billion to a new lifetime high of USD 785.706 billion for the week ended September 4, driven by the Reserve Bank of India's concessional forex swap initiatives.
Maruti Suzuki India is strategically investing in the premium hatchback segment, launching a refreshed Baleno with advanced driver assistance systems (ADAS) to capture a significant share of the evolving Indian passenger vehicle market, even as SUVs continue their dominance.
India will play defending champions Sri Lanka in the Women's Asia Cup final on Sunday. Sri Lanka secured their spot by defeating Pakistan in a thrilling semifinal, chasing down 131 with a strong recovery after early wickets. India, having a dominant run, aims for a record eighth title, while Sri Lanka seeks to defend their maiden title won against India in the previous edition.
The Indian government has mandated that banks and payment providers cannot levy charges on UPI transactions up to Rs 2,000 or on payments made via RuPay debit cards. This directive follows an amendment to the Payment and Settlement Systems Act, 2007, aiming to sustain and expand the digital payments ecosystem.
Auqib Nabi made a notable debut for Surrey, taking Kuldeep Yadav's wicket.
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.
Prime Minister Narendra Modi, in bilateral talks with Chinese President Xi Jinping, emphasized that both nations must show sensitivity to each other's core issues and be guided by mutual respect, sensitivity, and interest. Modi highlighted the critical importance of peace and tranquillity along the Line of Actual Control for the development of India-China relations, while also addressing concerns regarding Taiwan and Tibet.
Pakistan's government is exploring measures, including potential smart lockdowns and austerity, to reduce petroleum consumption. This comes after recent fuel price hikes driven by rising global oil prices and West Asia tensions, which have also raised concerns about oil supply disruptions. The government is also implementing a fuel relief scheme and faces public pressure over the price increases.
The Supreme Court has indicated that its judges may personally visit the National Testing Agency (NTA) to examine its upgraded facilities aimed at preventing recurring NEET paper leaks. This unusual move underscores the court's emphasis on institutional strengthening and permanent solutions. The NTA informed the bench that it has overhauled its system, while a high-powered panel is also working on structural reforms to ensure foolproof examination processes.
At least four to five privately placed infrastructure investment trusts (Invits) are expected to transition to public listings by the end of the 2026-27 financial year, significantly increasing the number of publicly traded Invits to 12-14, according to N S Venkatesh, CEO of the Bharat Invits Association (BIA).
The Supreme Court has questioned the Election Commission's decision to allot the Shiv Sena's bow-and-arrow symbol to the Eknath Shinde faction, asking if the possibility of denying the symbol to both factions was adequately considered. The court also raised concerns about using legislative majority as a test while disqualification proceedings against MLAs were pending. The Shinde faction argued for the validity of the legislative majority test, citing significant vote share and legal precedents.
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.
The historic one-off T20 International between India and Japan on September 22 marks a significant step in cricket's global expansion, aiming to connect with new audiences and strengthen the sport's presence in Asia, according to BCCI secretary Devajit Saikia.
US President Donald Trump is expected to sign the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 later on Friday (local time). A White House official confirmed the development to ANI without revealing further details.
Shiv Sena (UBT) leader Sanjay Raut has accused the Centre of orchestrating a political conspiracy through the CBI's FIR in the Disha Salian death case. Raut claims the probe is designed to tarnish the Thackeray family's reputation and target Aaditya Thackeray, linking it to broader political manoeuvres and an ongoing Supreme Court case.
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.
A federal judge has temporarily blocked a Trump administration rule that sought to cap the stays of foreign students, journalists, and exchange visitors, citing potential 'catastrophic' damage to the US economy and higher-education system.
India is actively integrating payment system harmonisation into its Free Trade Agreement (FTA) negotiations, especially with countries hosting a large Indian diaspora. This strategy aims to leverage India's growing fintech ecosystem, facilitate cross-border financial services, and position India as a global hub for financial services exports, particularly through platforms like GIFT City.
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.
The political confidence required to place high-end Japanese aircraft and personnel on Indian soil is itself a data point.
It indicates a level of trust that would have been difficult to imagine when India-Japan defence ties were largely symbolic, explains Varun Arya.
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.
World Athletics President Sebastian Coe has confirmed that the governing body's position on excluding Russian and Belarusian athletes from international competition remains unchanged, despite an upcoming Court of Arbitration for Sport (CAS) case. Coe emphasised that the decision is based on maintaining the integrity of competition, not politics. Russian Athletics has filed a fresh appeal with CAS challenging these sanctions, which have been in place since Russia's invasion of Ukraine in 2022.
Chinese President Xi Jinping's upcoming visit to India for the BRICS summit is a pivotal diplomatic event poised to significantly impact bilateral ties and global cooperation amidst ongoing international instability.
The Sports Ministry has invested over Rs 702 crore in the last three years to prepare Indian athletes for the upcoming Asian Games in Japan, featuring 310 debutants.
The National Security Guard has launched Operation BRICS Kavach to prepare for possible emergencies during the high-profile event.
Masters champions Patrick Reed and Bubba Watson are confirmed to make their debut at the DP World India Championship in October. They will join a stellar field including Tommy Fleetwood, Rory McIlroy, Shane Lowry, and Justin Rose, with Indian stars Shubhankar Sharma and Anirban Lahiri also participating.
