The Supreme Court has questioned the Centre's decision to cap trade margins on anti-cancer drugs at 30 per cent, asking why similar restrictions could not be extended to other medicines and medical consumables, citing glaring disparities between procurement costs and maximum retail prices (MRPs).
The Supreme Court expressed dissatisfaction with the Centre's cap on anti-cancer drug trade margins, questioning why similar controls aren't applied to other medicines. The court highlighted significant markups on common drugs and medical devices, urging the government to expand its price regulation efforts and present modalities by October 27.
The Indian government has decided to cap trade margins on all non-scheduled anti-cancer drugs at 30 per cent of their maximum retail price. This move aims to improve affordability and ensure continued availability of these life-saving medicines, potentially saving cancer patients an estimated Rs 2,500 crore annually. The decision, expected to be implemented later this month, will affect 110 anti-cancer drugs, including 35 patented ones.
The Allahabad High Court has ruled against compelling employees to wear Santa Claus red caps, stating such actions can hurt religious sentiments and are not permitted in India's democratic system. The court partly allowed a plea challenging criminal proceedings against an individual accused of forcing subordinates to wear the caps, clarifying how such cases should be treated under law.
Civil Aviation Minister K Rammohan Naidu announced that the government will not impose a cap on airfares during the upcoming festive season. Instead, airlines will be advised to maintain reasonable prices, considering the rising operating costs primarily due to increased Aviation Turbine Fuel (ATF) prices, exacerbated by the West Asia crisis.
'The number of airport bundles that may be awarded to a single bidder would be capped.'
Hardeep Singh Brar, President and CEO of BMW Group India, has urged state governments like Delhi to remove price caps on road tax benefits for electric vehicles (EVs), arguing that such limits deter luxury-car buyers and hinder the transition to cleaner mobility in pollution-affected regions.
Italian Prime Minister Giorgia Meloni has announced a series of significant educational reforms, including a proposed ban on face coverings like burqas and niqabs in schools, a legal cap on the number of foreign students per classroom, and a requirement for parents of foreign students with integration issues to learn Italian. Meloni stated these measures aim to ensure immigrants learn Italian language and culture, and respect national rules, emphasising gender equality as non-negotiable. Additionally, she revealed plans to scrap the multiple-choice entrance test for medical school admissions.
'Indian private sector hospitals provide quality healthcare at a fraction of the global cost.'
Flexi-cap mutual fund schemes have attracted nearly Rs 50,000 crore in net inflows during January-July 2026, a 27 per cent increase year-on-year, as investors increasingly favour dynamic equity strategies.
Equity mutual fund schemes in India attracted a net inflow of Rs 29,329 crore in August, marking the highest in four months, primarily fuelled by strong investor interest in mid-cap and small-cap funds.
Indian batters G Kamalini and Sneh Rana, Australian captain Sophie Molineux, and Sri Lanka skipper Chamari Athapaththu are among 146 players shortlisted for the Women's Premier League auction in Kochi on October 28, competing for 27 available slots.
Equity mutual fund schemes recorded a net inflow of Rs 38,306 crore in September, a 31 per cent increase from the previous month, driven by strong investor interest in mid-cap and small-cap funds despite stock market volatility and foreign portfolio investor (FPI) sell-offs.
Four senior Indian hockey players Mandeep Singh, Jarmanpreet Singh, Amit Rohidas, and Nilakanta Sharma are reportedly set to play their final matches for the country at the upcoming Asian Champions Trophy. This decision by Hockey India aims to bring in fresh talent and groom younger players for the 2028 Los Angeles Olympics, ensuring a smooth transition for the national team.
Twenty-year-old Karnataka all-rounder Niki Prasad made her senior India debut in the first T20I against Zimbabwe in Raipur on Friday.
'Having analysed the break up of the hospital billing structure the committee believes that rationalising of room charges needs to be done on an emergent basis.'
The All India Tennis Association (AITA) has voted to cap the age for eligibility to its Executive Committee at 70 years, aligning its constitution with the National Sports Governance Act. This decision, approved by a narrow margin, allows elected members to complete their full four-year term even if they cross 70 during their tenure. The move is part of a broader constitutional overhaul overseen by the Delhi High Court, which also includes new tenure provisions and the election of Sportspersons of Outstanding Merit.
The Election Commission of India has introduced new restrictions on the number of Form 7 applications an individual can submit, both online and offline. This move aims to prevent bulk or malicious attempts to remove legitimate voters from electoral rolls and streamline the objection process, especially after reports from states like Karnataka and Odisha.
The National Payments Corporation of India (NPCI) has deferred the implementation of a 0.4 per cent Merchant Discount Rate (MDR) on Person-to-Merchant (P2M) UPI payments above Rs 2,000, originally set for October 15, until after Diwali.
New Zealand all-rounder Michael Bracewell will move to a casual contract for the 2026-27 season to pursue an opportunity in Australia's Big Bash League, the country's cricket board (NZC) announced.
Indian Hockey goalkeeper Savita Punia, known as the 'Wall of Indian hockey', expressed her desire for Priyanka Chopra Jonas to portray her in a biographical film. Punia, who recently led India to significant achievements, shared her inspiration from Priyanka's journey and her own life story, including early responsibilities and personal interests.
Leading Australian women cricketers and the Australian Cricketers' Association (ACA) are urging Cricket Australia (CA) to schedule more matches during the peak summer months, arguing the current calendar is hindering the team's growth and missing opportunities to build on the sport's development.
Abhijeet Dipke, convenor of the Cockroach Janta Party (CJP), has initiated the 'School Thik Karo' campaign from his native village in Hingoli, Maharashtra, to address the alleged neglect of government schools and advocate for a fee cap on private educational institutions.
The National Payments Corporation of India (NPCI) has deferred the implementation of a 0.4 per cent Merchant Discount Rate (MDR) on Person-to-Merchant UPI transactions above Rs 2,000. Originally set for October 15, the new date will be announced after Diwali, providing relief to users and merchants, especially during the festive season. The decision came amidst opposition concerns about the levy burdening consumers.
A report by IIT-Bombay professors recommends reducing the Merchant Discount Rate (MDR) on UPI transactions from 0.40 per cent to 0.08 per cent. It suggests that banks should fund the UPI ecosystem using their net interest margins from CASA deposits, rather than relying on MDR. The report also addresses transaction costs, credit card MDR, and ATM withdrawal allowances, aiming to ensure UPI's long-term sustainability and public trust by proposing remuneration only from large merchants.
Gold prices in India have fallen for the third consecutive day, shedding Rs 1,800 to Rs 1.5 lakh per 10 grams, primarily due to a strengthening rupee and weak global cues. Silver also saw a significant decline, tumbling Rs 5,000 to Rs 2.21 lakh per 10 grams.
The Congress party has questioned the Modi government's decision to defer the Merchant Discount Rate (MDR) on UPI transactions, alleging a potential "U-turn on the U-turn." Congress general secretary Jairam Ramesh highlighted previous denials by the finance minister regarding MDR imposition, only for it to be announced later and now deferred. He expressed concerns about future charges on UPI transactions.
Jude Bellingham has lauded Harry Kane as England's 'greatest-ever player' after the captain marked his record-equalling 125th appearance with two goals and an assist in a 3-0 Nations League victory over the Czech Republic.
Active and passive funds offer different advantages across market-cap segments, making a mix of both a sensible portfolio strategy.
The directive comes amid concerns over steep mark-ups on medicines and medical consumables sold at hospital pharmacies.
Ahead of the Women's Premier League (WPL) 2027 player auction in Kochi on October 28, a total of 63 players, including 23 overseas stars, have been retained across the five franchises.
Kylian Mbappe scored two goals to lead Real Madrid to a convincing 4-1 victory over Sevilla, narrowing the gap on LaLiga leaders Barcelona to six points ahead of their crucial upcoming encounter.
Haryana's Khushi Kadian, partnering with Tamil Nadu's Sanmitha Harini, secured the girls U-16 doubles title at the Fenesta Open National Tennis Championship. Kadian, 13, also advanced to the singles finals in both the U-16 and U-14 categories, setting herself up for a potential triple triumph. Chandigarh's Ribhav Saroha also reached the Boys U-16 singles final, aiming for a double.
Kakatiya Knights secured a decisive 6-0 victory over Mighty Marathas in their final round-robin match of the Archery Premier League. This win serves as a strong precursor to their upcoming clash in the first qualifier on Sunday, where both teams will vie for a spot in the final. The Knights' compound archers were particularly impressive, maintaining perfect scores despite challenging conditions.
New Zealand fast bowler Will O'Rourke has been officially ruled out of the highly anticipated home series against India and is expected to return in late December.
'The most effective investment approach is one that aligns with an investor's temperament, risk tolerance, and decision-making style.'
rediffGURU Ulhas Joshi answers your mutual fund queries.
Lionel Messi has described representing the Argentina national team as the 'most beautiful experience' of his career, as he bid an emotional farewell after his final match, scoring a goal and assisting two others in a 3-0 victory over Benin.
Jammu and Kashmir pacer Auqib Nabi made his international debut for India in the second ODI against West Indies in Guwahati, becoming the third player from J&K to play for India in ODIs.
A report by IIT Bombay suggests that the proposed Merchant Discount Rate (MDR) framework for Unified Payments Interface (UPI) transactions needs rationalisation before implementation to safeguard public trust in the digital payments system, highlighting that UPI's long-term economic benefits outweigh potential incremental income from merchant fees.
