Merchants will be subject to an 18 per cent Goods and Services Tax (GST) on the Merchant Discount Rate (MDR) for UPI payments exceeding Rs 2,000, but can mitigate this burden by claiming input tax credit (ITC), according to tax experts.
Prime Minister Narendra Modi welcomed BRICS leaders, including Russian President Vladimir Putin and Chinese President Xi Jinping, at the 18th BRICS summit in Bharat Mandapam. The leaders were photographed against the backdrop of Tamil Nadu's iconic Ramanathaswamy temple, a significant Hindu pilgrimage site. Modi explained the temple's importance to President Xi, highlighting its unique status as a Char Dham and Jyotirlinga shrine, and its historical and religious significance linked to Lord Ram.
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.
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.
Prime Minister Narendra Modi and Russian President Vladimir Putin held extensive discussions to strengthen bilateral trade, defence, and energy cooperation, while also addressing the ongoing Ukraine conflict and exploring avenues for peace and resolution, with Modi reiterating India's call for dialogue and diplomacy.
The US push for clearer crypto rules is putting pressure on India to fill its own regulatory gap for virtual digital assets.
Dutch hockey legend Taeke Taekema believes the Indian women's hockey team possesses the talent to replicate China's remarkable journey to an Olympic silver medal, provided they focus on fundamental skills and secure qualification for the Los Angeles Olympics.
Virat Kohli impressed Eknath Shinde with his humility during their London meeting, while the duo discussed Maharashtra's development, sports, youth talent and the cricketer's upcoming ODI milestones.
A Kishore Kumar song, a birthday cake, a prince's break from protocol to thank his driver, a Persian painting on the ceiling of the presidential residence -- the BRICS Summit had many memorable moments.
A report by Bain & Company and HealthQuad identifies remote patient monitoring, OT/ICU optimisation, and chronic disease management as key opportunities for Artificial Intelligence in Indian healthcare. The report highlights a shift from experimental AI to real-world applications, driven by government initiatives, increasing EMR adoption, and a robust startup ecosystem. AI's autonomous capabilities are rapidly advancing while costs decrease, creating significant growth potential for providers and startups.
Air India Group has accumulated losses of about Rs 47,821 crore since its takeover, leaving its prolonged transformation among the biggest unfinished projects of N Chandrasekaran's tenure.
The Supreme Court has directed the Centre, states, and Union Territories to swiftly establish dedicated courts to handle the "alarming rise" in cases under the Narcotic Drugs and Psychotropic Substances (NDPS) Act. The directive aims to set up all 449 required NDPS courts within six weeks. Additionally, the court noted progress in establishing special courts for cases probed by the National Investigation Agency (NIA), with several states committing to expedite their operationalisation.
The BRICS summit in New Delhi brings together leaders from major emerging economies to address global challenges like trade disputes, geopolitical upheavals, and the economic impact of conflicts in Ukraine and West Asia. India, as chair, aims to position BRICS as an economic growth engine, focusing on the Global South's food, energy, and supply chain security. The summit also highlights the grouping's expansion and its growing influence in global governance.
Prime Minister Narendra Modi cautioned against the 'weaponisation' of technology and critical minerals at the BRICS summit, advocating for cooperation to foster shared prosperity. Concurrently, Chinese President Xi Jinping announced plans for an open-source AI ecosystem for BRICS nations, positioning Beijing as a key technology partner amid global AI competition.
The larger question raised by the associations is simple: If ISRO is no longer to manufacture launch vehicles, what will happen to the institution's accumulated capabilities and the people who built them?
The University of Delhi and semiconductor major AMD have signed a Memorandum of Understanding (MoU) to train up to 10,000 students and faculty in industry-relevant artificial intelligence skills over the next year. This collaboration will provide access to AMD's AI Engage Developer Programme, including its open-source ROCm AI software platform, learning resources, and developer GPU cloud credits, aiming to foster indigenous AI capabilities and bridge the gap between academia and industry.
'The biggest difference between our marriage and that of our parents' generation is not simply that times have changed. It is that modern marriages require two people to continuously understand, support and adapt to each other while navigating a much more demanding world,' says Rahul Kulkarni.
The National Investigation Agency (NIA) has filed a chargesheet against seven foreign nationals, including a US citizen and six Ukrainians, for illegal entry and alleged terror conspiracy with ethnic armed groups, though the stringent UAPA anti-terror law was not invoked at this stage.
Dig into the prospectus. Use the prospectus to understand the business and its risks.
Manav Suthar's 10-wicket haul against Sri Lanka showcased his skill, meticulous preparation and growing maturity, marking him as India's potential next spin leader.
'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.'
Analysts predict that developments in the West Asia conflict, crude oil prices, and upcoming US inflation data will be the primary factors influencing the Indian stock market next week, alongside foreign investor activity and global market trends.
The Congress party has announced a significant organisational reshuffle, appointing new general secretaries and state in-charges. Sachin Pilot has been made in-charge of Punjab, and Randeep Singh Surjewala for Gujarat, ahead of crucial assembly elections. Other changes include new in-charges for Chhattisgarh, Maharashtra, and Andhra Pradesh, with some outgoing leaders being replaced.
The BJP has announced a month-long 'Seva Sankalp Abhiyan' campaign, starting on Prime Minister Narendra Modi's birthday, September 17, to commemorate his 25 years in public life. The initiative includes various programmes like 'Seva Diwas', 'Ashirwad Ka Diya', 'Seva Jyoti Kalash Yatra', youth yatras, and innovation challenges, all aimed at public participation and promoting the vision of 'Viksit Bharat 2047'.
Australian golf sensation Min Woo Lee, a winner on both the DP World Tour and PGA Tour, is set to make his debut at the DP World India Championship in October. He will join an impressive lineup of international stars, including Tommy Fleetwood, Rory McIlroy, and Ryan Fox, at the Delhi Golf Club for the USD 4 million tournament, which also features top Indian golfers.
'Listing leads to greater transparency and shareholder oversight.'
While Divya Nair misses Anup Soni, who was an exceptional host and the face of Crime Patrol for several years, Ajay Devgn has managed to entice her back into this drama based on true-crime with his unique style.
Google has informed the Delhi High Court that it has withheld a "defamatory" YouTube video by social media influencer Dhruv Rathee in India. The video, which allegedly hurt religious sentiments by insulting Hindu deities, was withheld following an order from the Centre's Grievance Appellate Committee. The petitioner, Amita Sachdeva, seeks global blocking, but Google states the issue of global injunction is pending before a division bench.
Mohammed Siraj is poised to lead India's pace attack in the upcoming two-Test series against Sri Lanka, stepping into the crucial role in the absence of Jasprit Bumrah.
The Delhi High Court has granted bail to Sobiya Aziz and Kamran Ashraf Reshi, accused in a terror conspiracy case related to Jammu and Kashmir and other major Indian cities. The court cited their nearly five-year incarceration and the slow pace of the trial as reasons for the decision, imposing strict conditions on their social media use.
The Samyukta Kisan Morcha (SKM) has ended its protest at the Chandigarh-Mohali border after receiving written assurances from the Punjab government. The government has pledged to convene a state Assembly session within a month to address issues concerning river waters, agriculture, and farmer loans, including resolutions against old water agreements and certain central bills.
Rs 299,900 can buy you Apple's first foldable iPhone. Or it can buy you a passport full of memories, a suspiciously large holiday wardrobe and enough airport coffee to develop a personality.
Tata Elxsi has partnered with Sarla Aviation to develop the Shunya air taxi platform. Tata Elxsi will provide engineering support for avionics, software integration, and certification, while Sarla Aviation will lead the design and type certification of the electric vertical take-off and landing (VTOL) aircraft.
Oriental Insurance has insured around 100 Ganesh pandals this year compared with only 20-30 last year.
The Delhi Traffic Police has issued a detailed advisory regarding traffic restrictions and diversions during the upcoming BRICS Summit from September 12-13. While Delhi will not be shut down, commuters should expect temporary stoppages and diversions, especially on routes used by VVIP convoys. The advisory covers movement for residents, essential services, public transport, and advice for exam candidates and hospital visitors, urging reliance on official updates.
Prime Minister Narendra Modi on Thursday discussed with a group of senior ministers the prevailing global security situation and how to maintain supply chain uninterrupted despite conflicts in different zones, including the Strait of Hormuz, the Black Sea, the Red Sea, and the Gulf of Aden.
Analysts predict that the Indian stock market's sentiment this week will be primarily influenced by the domestic GDP data announcement, crude oil prices, and the crucial US non-farm payrolls report.
Robotic surgery is poised to transform healthcare in Delhi, expanding access to specialised expertise through the Indian-developed SSI Mantra system. Delhi is emerging as a hub for advanced surgical care, with successful implementations at Rajiv Gandhi Cancer Institute, including pioneering telesurgery. This technology aims to make robotic surgery more accessible and sustainable, fostering an ecosystem for training and innovation.
John Abraham, owner of Northeast United, believes the upcoming Indian Super League (ISL) season will mark a significant turning point for Indian football. With a new club-led domestic structure and a return to the traditional home-and-away format, Abraham envisions a "paradigm shift" where football could rival cricket's popularity. He also highlighted NEUFC's regional impact and their ambition to win the ISL title.
Back when India moved slowly, every window seat came with a view, and every rail journey came with excess baggage - food, fears, family drama, points out Ajanta Krishnamurthy.
