The FCNR (B) stratagem relies on using public money to defend the rupee. The State subsidises foreign borrowing to attract dollars. This tool requires large-scale borrowing to make a material difference against a gross external flow of $11 billion a day. A commensurately large fiscal cost falls upon the exchequer. The ministry of finance will choose how much it is willing to spend in exchange for this round number, points out Ajay Shah.
Police have registered cases against senior DMK leaders A Raja, P K Sekar Babu, and Vasantham Karthikeyan for allegedly making defamatory remarks against Tamil Nadu Chief Minister C Joseph Vijay and Energy Resources and Law Minister R Nirmal Kumar during recent party protests. The controversy stems from CM Vijay's comments questioning DMK chief M K Stalin's MISA detention during the Emergency, which the DMK claims is a long-standing narrative.
The Congress party has strongly criticised the Modi government's decision to introduce a 0.4% Merchant Discount Rate (MDR) on UPI transactions over Rs 2,000, alleging it is a result of US pressure to benefit American card companies. The party also linked this move to broader US actions against India, including tariffs and H-1B visa issues, coining the term "Narendra's Ongoing Trump Appeasement." The government, however, clarified that consumers will not bear the charge, which applies only to merchants.
Ajit Agarkar has informed the BCCI he will not continue as chief selector, prompting the board to begin searching for his successor as his contract ends October 4.
'She was not burdened by the knowledge of her craft and the world. She just was a child till her last days.' 'When she smiled, everybody in the room would light up.'
The Supreme Court has directed the Tamil Nadu government to comply with its previous order to identify land for establishing Navodaya Vidyalayas in each district of the state, emphasising cooperative federalism and urging a change in mindset regarding the central government's education policy.
Paraguayan Senator Celeste Amarilla escalated her feud with French footballer Kylian Mbappe, calling him a "son of a b****" during a Senate speech. This follows an incident where Mbappe allegedly refused to shake goalkeeper Orlando Gill's hand after a FIFA World Cup match. Amarilla also claimed Mbappe called her "despicable," while France coach Didier Deschamps stated the controversy hasn't affected Mbappe's focus.
World junior champion Anahat Singh, now 18, is returning to the Asian Games with significantly higher stakes, as the women's singles gold medal offers direct Olympic qualification. Ranked world number 20, she is a strong medal contender and is embracing the pressure of competing for her country. Anahat faces formidable opponents like Satomi Watanbe and Sivasangari Subramaniam but is focused on refining her game and physical strength to achieve her goals.
Researchers at the Indian Institute of Technology Madras (IIT,M) have developed a novel "morphing skin" concept for aircraft wings, inspired by bird flight. This adaptive external skin dynamically reshapes in real time to prevent aerodynamic stalls, enhance lift, reduce drag, and significantly improve aircraft safety and fuel efficiency. The technology holds promise for commercial aviation, unmanned aerial vehicles, and defence applications.
The Indian rupee experienced its sharpest single-day decline in eight weeks, settling at 94.83 per dollar, primarily due to escalating crude oil prices and persistent risk-off sentiment driven by heightened geopolitical tensions and limited foreign inflows.
We celebrate Mammootty's 75th birthday by revisiting blockbusters that shaped his superstar image without compromising his brilliance as an actor.
The Mumbai Cricket Association has established the Ajinkya Rahane Scholarship Fund, backed by Sharad Pawar, to support grassroots cricketers and develop Mumbai's Maidans.
The US Department of Labour's Office of the Inspector General has initiated an investigation into alleged fraud in H-1B and PERM work visa programmes. Indian IT firm Cognizant is among the companies under scrutiny for widespread schemes involving fraudulent applications, exploitation of foreign workers, and undercutting American labour. The probe aims to dismantle networks exploiting the guest worker visa system.
The UEFA Champions League group stage commenced with thrilling matches as holders Paris St Germain, Arsenal, and Liverpool all secured victories. Ferran Torres netted a hat-trick for PSG in their dominant 6-1 win, while Martin Odegaard's late strike gave Arsenal a 1-0 triumph over Napoli. Liverpool came from behind to beat Atletico Madrid 2-1, and Barcelona also started strong with a 5-1 win against Feyenoord.
Inflows into non-resident Indian (NRI) deposit schemes decreased by 23.24 per cent to $2.78 billion during the first quarter of FY27, down from $3.61 billion in the previous year, according to Reserve Bank of India (RBI) data.
Indian badminton stars Satwiksairaj Rankireddy and Chirag Shetty, fresh off their China Masters victory, reveal their "no Plan B" philosophy, focusing on strengths and tactical adjustments. They attribute their success to improved physical condition post-World Championships and meticulous reviews, which helped them secure their 10th BWF World Tour title and boost confidence for the upcoming Asian Games.
Former Tehelka editor-in-chief Tarun Tejpal has surrendered before a Goa court to begin serving his 10-year rigorous imprisonment sentence in a 2013 sexual assault case. This follows a Supreme Court directive and his conviction by the Bombay High Court, which overturned his earlier acquittal. Tejpal's appeal against his conviction is slated for a Supreme Court hearing in September 2026.
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 Indian women's hockey team has departed for the Asian Games in Japan, aiming to win the gold medal and secure a direct qualification spot for the 2028 Los Angeles Olympic Games.
'Xi is conveying that China is a pre-eminent power, and India should modulate its actions or approaches accordingly.'
The All India Football Federation (AIFF) announced the new season of the Indian Women's League (IWL) will commence in October, alongside IWL 2. The federation also revealed significant changes including higher coaching licence requirements, revised disciplinary rules, and an ambitious long-term expansion strategy aiming for 12 teams by 2032 to professionalise women's football in India.
The opposition has intensified its criticism of the government's decision to impose a 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, effective October 15. Leaders like Rahul Gandhi and Jairam Ramesh allege the move is a result of US pressure, particularly from American card companies, and demand an immediate rollback, warning of increased costs for consumers.
The opposition has strongly criticised the government's decision to introduce a 0.4% Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 for merchants, effective October 15. They allege the move is a result of US pressure and will lead to increased commodity prices, calling it a "betrayal" of the common man. The government, however, clarifies that customers will not be charged, and the MDR applies only to merchants for larger transactions.
The Congress party has accused the Indian government of imposing new charges on UPI transactions due to pressure from the United States, specifically to benefit American card companies. The opposition party demanded the withdrawal of the decision, calling it "anti-national" and alleging it fills the coffers of US firms while burdening Indian citizens. The government, however, clarified that the Merchant Discount Rate (MDR) charges apply only to commercial transactions above Rs 2,000 and are not levied on consumers, a stance supported by the BJP which accused Congress of spreading "fake news".
The CBI has registered an FIR in the Disha Salian death case, following a Bombay High Court order that criticised Mumbai Police for its six-year delay and "glaring discrepancies" in the investigation. Salian, former manager of Sushant Singh Rajput, died in June 2020, a week before Rajput's own death, which led to speculation about a connection. The High Court had expressed concerns over the Mumbai Police's handling of the case, which was initially treated as an accidental death.
The Enforcement Directorate (ED) Director, Rahul Navin, has issued directives to intensify action against Insolvency and Bankruptcy Code (IBC) frauds involving "large haircuts" and to address delays in police registering FIRs based on ED's requests. The agency also aims to fast-track high-profile trials under the Prevention of Money Laundering Act (PMLA) and enhance internal coordination and efficiency.
Urban Indian millennials are caught in an algorithmically amplified consumption spiral where social media normalises spending patterns that systematically undermine retirement security.
India's U20 football team secured a historic qualification for the AFC U20 Asian Cup main tournament after a 20-year hiatus, following a dominant 3-0 victory over Bangladesh. Goals from Danny Meitei Laishram, Vishal Yadav, and Md Arbash sealed their spot as one of the best runners-up, with the main tournament scheduled for 2027 in China.
Ishan Kishan top-scored with a splendid knock of 270 to power East Zone to a mammoth first innings total of 708 in their first innings on Day 2 against South Zone in the Duleep Trophy final.
Exiled Bangladeshi author Taslima Nasreen has drawn a parallel between the CJP-led protest in Delhi and the 2024 student movement in Bangladesh that ousted Sheikh Hasina's regime, warning that the Bangladesh stir 'fooled us' and was ultimately taken over by 'jihadis'.
Digital money is gradually starting to behave like software. It's no longer inert -- sitting passively in accounts. In the not-so-distant future, your money could become 'smart' and 'active,' understanding your preferences, paying your bills automatically, optimising your returns, and managing your risks -- all without you having to manage the details.
Pacer Tess Flintoff's exceptional four-wicket haul dismantled India A's batting line-up, leading Australia A to a comfortable six-wicket victory in the opening match of the women's unofficial T20I series.
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.
'Gurmmeet Singh was extremely sure in his head that the canvas should be bigger. The movie should look big on screen. It should look like the Mirzapur world but at the same time, much bigger.'
Indian shooters bound for the Asian Games will participate in preparatory camps in Delhi and Bhopal this month. These camps, focusing on mental conditioning and technical refinement, are crucial for the athletes to achieve peak performance at the quadrennial event in Japan, which begins on September 19. The article also lists the full shooting squad.
Luxury hotels in Delhi are experiencing a significant room crunch and a sharp increase in tariffs ahead of the BRICS Summit. Many marquee properties show no availability or are quoting rates exceeding six figures per night around the September 12-13 event, highlighting a gap in India's hospitality infrastructure.
The Indian cricket team is preparing for its upcoming three-match series against Afghanistan, with Jasprit Bumrah set to rejoin training after recovering from injury. The team's net session saw Washington Sundar working hard, while concerns over player injuries have led to the BCCI considering the removal of senior physio Kamlesh Jain. Pace bowling coach Morne Morkel was also absent due to visa issues.
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.
The Sports Ministry has granted an exemption to the Indian Olympic Association (IOA), allowing it to maintain a 16-member Executive Council. This decision aligns with the International Olympic Committee's (IOC) recommendation, overriding the National Sports Governance Act's usual limit of 15 members, to ensure compliance with international statutes ahead of upcoming IOA elections.
India's Senior B and Men's A bridge teams have successfully advanced to the semifinals of the fifth Asia Cup Bridge Championship, held in Panaji. The Senior B team topped the Swiss league, while the Men's A team secured a third-place finish, setting the stage for Friday's knockout rounds.
