Reserve Bank Deputy Governor S C Murmu has highlighted the "cash paradox" where currency in circulation continues to grow despite a significant increase in digital payments. This trend complicates the RBI's forecasting and planning for currency production and distribution, prompting the central bank to seek solutions and explore ways to extend banknote life and reduce the carbon footprint of the cash cycle.
A think tank, GTRI, has urged India to resist US pressure regarding its UPI policies, advocating for the defence of competition, policy autonomy, and the long-term sustainability of its payments ecosystem. This comes as the Lok Sabha passed a bill allowing charges on UPI transactions, a move GTRI suggests should not be influenced by foreign trade complaints.
The Congress-led Opposition is set to keep the pressure on the government in Parliament over the alleged police brutality against protesting students, demanding action against those responsible for the assault and an apology from Prime Minister Narendra Modi, sources said on Sunday.
In many ways, 17th century India occupied a position in the global economy comparable to that of the United States today. Just as millions of people now look towards America because of its economic opportunities, merchants, adventurers and trading companies once looked towards India.
A savings or current account with no customer-induced transaction for more than 24 months is classified as inoperative.
The Punjab Prisons and Correctional Services Bill, 2026, aims to transform prisons into centres of reform, rehabilitation, and social reintegration, focusing on inmates' human rights, transparency, and security.
The Indian Parliament remains deadlocked as the Opposition, led by the Congress, insists on Prime Minister Narendra Modi's reply to discussions on alleged donation theft at the Ram temple in Ayodhya and student protests, rejecting the government's offer for Home Minister Amit Shah to respond.
The Indian government has clarified that consumers will not be charged for UPI transactions, and most merchant transactions will also remain free. This comes amidst speculation following an amendment to the Payment and Settlement Systems Act, 2007. Any future merchant discount rate (MDR) would be nominal, threshold-based, and aimed at ensuring UPI's long-term sustainability and infrastructure development.
RJD leader Tejashwi Yadav was detained in Patna during a protest march concerning police action related to NEET paper leak protests in Bihar. Yadav, along with RJD workers, was protesting against frequent exam paper leaks, stating that the government is jeopardising students' futures.
A late-night meeting between leaders of the ruling NCP and Opposition NCP (SP) at the Maharashtra Chief Minister's residence has sparked intense speculation about shifting political dynamics in the state. This comes as the BJP reportedly seeks support for the 131st Constitution Amendment Bill, which proposes to increase Lok Sabha seats and initiate delimitation, a move criticised by Congress leader P Chidambaram for potentially disadvantaging states that controlled population growth.
An RTI reply has revealed that over Rs 262 crore was spent on salaries, allowances, and facilities for Rajya Sabha MPs in the financial years 2024-25 and 2025-26. This includes more than Rs 151 crore specifically for allowances and travel, with a significant increase in expenditure from the first to the second year.
'They want to sabotage the caste census and bury Muslim backward classes, Hindu backward classes, Sikh backward classes and Buddhist backward classes.'
India is significantly expanding its crude oil sourcing to Latin America, with Venezuela emerging as a major supplier, as geopolitical disruptions in the Middle East and the Strait of Hormuz compel the world's third-largest oil consumer to diversify its energy supplies.
The meeting comes amid the speculation that the Sharad Pawar led NCP may join the ruling alliance.
India's merchandise exports increased by 19.63 per cent to USD 44.24 billion in July, primarily driven by petroleum products, while a significant rise in imports pushed the trade deficit to a six-month high of USD 31.98 billion.
According to a bulletin issued on Wednesday, 'The Constitution (One Hundred and Thirty-First Amendment) Bill, 2026', 'The Delimitation Bill, 2026' and 'The Union Territories Laws (Amendment Bill), 2026' will be introduced and debated for passage in the Lower House.
'Our leaders, including Mallikarjun Kharge and Rahul Gandhi, are in touch with all Opposition parties, including the DMK and the AAP.'
Union Minister Jitendra Singh refuted Rahul Gandhi's allegations in Lok Sabha that Home Minister Amit Shah ordered firing on students protesting the NEET fiasco. Singh clarified that no bullets were fired, only tear gas was used, and the authority to order firing rests with a magistrate, not a minister. He also dismissed Gandhi's claims about Shah's cavalcade and foreign travel, criticising the opposition leader for making unsubstantiated remarks during a heated parliamentary debate.
Holding Home Minister Amit Shah responsible for alleged police brutalities on protesting students, Leader of the Opposition in the Rajya Sabha Mallikarjun Kharge on Thursday said that "Jan Shakti" (people's power) will "drag him out" one day to make him accountable.
'Where is the official record? Media bytes are not parliamentary records. What matters is what is recorded on the floor of Parliament. I am not denying that we had a heated exchange.'
The BJP is significantly increasing its digital engagement with young people on Instagram, led by Prime Minister Narendra Modi and several Union ministers, in response to the NEET-UG paper leak controversy and subsequent student protests. This strategic shift aims to counter the narrative and communicate government actions on examination reforms.
West Bengal Chief Minister Mamata Banerjee announced that the TMC will support the women's quota bill but opposes the delimitation bill introduced by the Modi government in the Lok Sabha. She also criticised the central government over central agency raids on TMC candidates.
'If elections are held with honesty you will see their defeat.'
NDA leaders have defended proposed amendments to the Women's Reservation Act and the Delimitation Bill, 2026, arguing women have waited long enough for reservation, while opposition parties allege the process could undermine India's federal and democratic structure, particularly impacting southern states.
The Congress party has criticised Prime Minister Narendra Modi's recent video message on paper leaks as an 'eyewash', demanding the sacking of Union Education Minister Dharmendra Pradhan and accountability for the alleged brutality against student protestors. The party highlighted the government's initial denial of the NEET-UG 2026 leak and its perceived failure to address widespread irregularities.
A Constitution Amendment Bill aimed at implementing 33 per cent reservation for women in legislatures and increasing Lok Sabha seats was defeated in Parliament, marking a setback for the government's efforts to empower women in politics.
Rajasthan-born cricketer Jai Moondra, who recently starred in Ireland's T20 series win against India, has been drafted by Rotterdam Dockers in the inaugural European T20 Player League (ETPL) Draft. The draft saw six franchises select 36 players from Ireland, Scotland, and the Netherlands, with Moondra being a key acquisition for the Dockers.
'While his cricketing achievements are obvious, people should remember Ajinkya Rahane, the person. Because he has inspired youngsters in the dressing room by his powerful humane gestures.'
The BJP and the Opposition have engaged in a war of words over the implementation of the women's reservation bill, which aims to reserve seats for women in legislatures. The bill was defeated in the Lower House, leading to accusations and counter-accusations between the parties.
'All these reports and announcements by the US seem like attempts to gain a lever in trade deal negotiations with India.'
Parliamentary Affairs Minister Kiren Rijiju asserted in Lok Sabha that the Opposition cannot dictate which minister responds to questions, amidst demands for Home Minister Amit Shah to address police action on protesting students. The House faced continuous disruptions, leading to adjournment.
'The reason why they rushed through the bill was they wanted to avoid using the 2026 Census because the 2026 Census by their own decision will be a caste census.' 'The BJP knows that a significant share of the OBCs who will get captured in the census, for the first time after the 1931 Census, are against the BJP. Only a segment of the OBCs are in their favour.' 'So they wanted to avoid the OBC reservation among women, which is a demand of a lot of Opposition parties.'
The ruling NDA coalition in India faces a significant challenge in passing the women's reservation bill in Parliament due to insufficient numbers. The bill requires a two-thirds majority in both houses, and the NDA needs to secure additional support or abstentions from other parties to achieve this.
NDA floor leaders held a meeting after the Constitution Amendment Bill seeking to implement reservation for women in legislatures in 2029 and increase the number of seats of the Lok Sabha was defeated.
Indian-origin chess prodigies Bodhana Sivanandan, 11, and Shreyas Royal, 17, have made history by winning the 2026 British Chess Championships. Bodhana became Britain's youngest-ever Women's chess champion, while Royal scooped the overall British title, establishing their status as emerging world-class talents.
The government has released a set of FAQs to address concerns and clarify the details surrounding the Women's Reservation Bill, which aims to provide 33 per cent quota for women in legislatures.
As India celebrates its 80th Independence Day, hotels and restaurants across Delhi and other states are rolling out a diverse array of special offerings. These include themed culinary festivals showcasing regional Indian cuisines, fusion menus, live music performances, and attractive discounts. From royal Wazwan feasts to contemporary global blends and staycation packages, establishments are providing unique experiences for patrons to commemorate the occasion over the long weekend.
India's trade deficit reached a six-month high of $31.98 billion in July, driven by a sharp increase in imports, particularly crude oil, electronic goods, coal, and fertilisers. Both merchandise exports and imports recorded their second-highest levels during the same period.
India's fertiliser subsidy bill is projected to increase by approximately 70,000 crore, reaching around 2.41 trillion in FY27, primarily due to rising import costs exacerbated by the ongoing West Asia crisis.
TMC leader Abhishek Banerjee has urged BJP candidate Ratna Debnath to appeal to PM Modi to ensure the Aparajita Bill, which aims for time-bound punishment for rape convicts, is enacted. Banerjee criticised the BJP's stance on women's safety and highlighted the TMC government's prompt action in a previous rape-murder case.
