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 central government has introduced a 0.4 per cent fee on UPI transactions exceeding Rs 2,000, prompting traders' associations to advocate for cash payments to avoid additional costs on digital payments. This move ends the zero-Merchant Discount Rate (MDR) regime, with traders expressing concerns about operating on tight margins and the potential for increased charges.
Opposition MPs have voiced strong criticism against the government's new fee on UPI payments exceeding Rs 2,000 to merchants, calling it "anti-people" and expressing widespread "outrage". The issue was raised in a Parliamentary Standing Committee meeting, where concerns were also flagged regarding the methodology of GDP growth calculation and the government's stance on Virtual Digital Assets.
The Retailers Association of India (RAI) has voiced concerns that the government's new 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 could reverse the progress of digital payment adoption among small retailers. This fee, effective October 15, places the burden on merchants operating on thin margins, potentially pushing them back to cash transactions and undermining the government's formalisation agenda, especially ahead of the festive season.
South African opener Jordan Hermann smashed an unbeaten 150 runs off just 126 balls on his One Day International (ODI) debut against Namibia, equalling the world record for the highest score by a batter on ODI debut.
English Premier League clubs set an unprecedented spending record of US$ 4.7 billion in the summer transfer window, significantly outspending other major European leagues.
Left parties have strongly condemned the government's decision to impose charges on UPI payments exceeding Rs 2,000, with CPI General Secretary D Raja alleging the move was made under "US pressure" to favour foreign payment companies. Both CPI and All India Forward Bloc demand the withdrawal of this "anti-people decision," arguing it burdens consumers and merchants while undermining UPI's role as a public digital infrastructure. They highlight concerns that the charges weaken India's digital sovereignty and serve commercial interests of foreign corporations like Visa and Mastercard.
Local tennis sensation Shreeniti Chowdhury secured both the girls' singles and doubles titles at the KSLTA World Tennis Junior J30 Bengaluru. The 15-year-old defeated Aahida Singh in the singles final and partnered Riddhi Shinde for the doubles win. In the boys' category, Fazal Ali Meer won the singles, while Chukka Lakshya Vardhan and Parthiv Nallagundla took the doubles title.
Market experts have largely supported Sebi's proposed changes to the expiry-day trading framework, including delinking derivatives settlement prices from cash-market closing prices and discontinuing live indicative index values during the Closing Auction Session (CAS), believing these will address volatility and manipulation.
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.
India concluded its campaign at the World Archery Para Series Stage III with an impressive tally of 15 medals, including four gold, three silver, and eight bronze, finishing second in the overall medal standings. The event served as a crucial preparatory test for the upcoming Aichi-Nagoya 2026 Asian Para Games.
The Reserve Bank of India (RBI) has mandated that banks must dispose of immovable assets acquired against bad loans within seven years through public auction, effective October 1, 2026, and has also barred their sale back to the original borrower or related parties.
Customers must report the fraud both to their bank and to the National Cyber Crime Reporting Portal or Helpline 1930 within five calendar days of the occurrence of the fraudulent transaction.
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".
Dewald "AB Baby" Brevis equalled JP Duminy's 71 sixes in just 35 T20Is, starred with 226 series runs, won Player of the Series, and helped South Africa clinch the title.
Nasscom said while the visa programme has been used by companies to address the skill gap in the US by bringing in foreign employees, the number of H-1B employees from Indian companies have come down substantially over the last decade.
Defending champions India secured their spot in the Junior Asia Cup hockey tournament semifinals with a dominant 15-0 victory over Chinese Taipei. Skipper Anmol Ikka was the star of the match, scoring an incredible six goals, all from penalty corners, as India topped Pool A.
East Zone were crowned Duleep Trophy champions after the final against South Zone ended in a draw in Chennai, with their first-innings lead proving decisive.
Former New Zealand pacer Trent Boult has identified KL Rahul as India's primary batter for the upcoming two-Test series against New Zealand, praising his batting style and anticipating challenging cold conditions for the late October-November tour.
Urban Indian millennials are caught in an algorithmically amplified consumption spiral where social media normalises spending patterns that systematically undermine retirement security.
Systematic Investment Plan (SIP) returns for smallcap and midcap mutual funds have seen a significant rebound, with average one-year SIP returns now at 19.1 per cent for smallcap funds and 13.5 per cent for midcap funds, according to Value Research data. This recovery is expected to revive momentum in the retail mutual fund industry, which had experienced a moderation in growth indicators.
The OCA has asked India and other national Olympic bodies not to seek late additions to their Asian Games contingents as Japan struggles to accommodate more than 15,000 participants.
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.
The Supreme Court has issued a limited notice to the Centre, seeking clarification on whether courts can grant fair compensation under the SHANTI Act in nuclear accidents, despite liability caps. The court also questioned potential conflicts of interest in appointing members to the Atomic Energy Regulatory Body under the Act, following a plea challenging the law's constitutionality.
Joe Root's unbeaten 62 guided England to a dominant eight-wicket victory in the third Test against Pakistan, securing a 3-0 series whitewash despite early batting jitters. This marks England's first series win in 19 months.
'He's monitored from every angle and every step he is taking forward in his international career.'
Sunil Chhetri became the most capped player in Indian Super League history as Bengaluru FC beat Jamshedpur FC 1-0. Ryan Williams scored the decisive goal in the first half.
The Indian government has imposed stockholding limits on bulk sugar consumers, restricting them to a 15-day supply if they use over 10 tonnes monthly, effective September 1 to November 30, to stabilise prices ahead of the festival season.
Kris Srikkanth backs 15-year-old Vaibhav Sooryavanshi to become a world cricket superstar, citing his fearless batting, Duleep Trophy heroics, IPL dominance and potential across all three formats.
Forty years of Abu Jani Sandeep Khosla means four decades of exquisite craftsmanship and Indian couture that has never been afraid to make a statement.
Pakistan were bowled out for 133 as England's bowlers tore through their batting lineup in the third Test at Edgbaston.
Axis Bank has opened 50 new branches across India, while Abakkus Mutual Fund has surpassed Rs 10,000 crore in AUM. YES Bank launched a new credit card for women, and J&K Bank partnered with HDFC Life to enhance its insurance offerings, showcasing significant growth and strategic developments in the Indian financial sector.
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.
Foreign Portfolio Investors (FPIs) have significantly increased their investment in Indian equities, infusing Rs 23,544 crore in August, driven by improving quarterly earnings, a stable rupee, and positive market prospects.
Flood insurance claims can be rejected or reduced if homeowners do not understand what their policy actually covers.
"When you have more liquidity than good investment opportunities, there is no reason for MFs to sell a winning trade."
Ibrahim Mbaye, the 18-year-old Senegal forward, has completed a permanent transfer from Paris St Germain to Premier League club Aston Villa.
BAFs seek to offer a smoother experience across market cycles, not the full upside of a bull market.
Lionel Messi scored four goals and provided an assist, leading Inter Miami to a dominant 7-1 victory over CF Montreal, snapping their five-game winless streak and topping the MLS scoring charts.
