A high-level committee, including representatives from banks and payment associations, is set to decide on Merchant Discount Rate (MDR) for UPI transactions exceeding Rs 2,000 to merchants. While person-to-person and person-to-merchant transactions up to Rs 2,000 remain free, the move follows a recent amendment to the Payment and Settlement Systems Act, sparking debate and clarification from the Finance Minister that only certain high-value merchant transactions might incur charges.
Indian badminton star PV Sindhu was defeated by local favourite Chen Yufei in the second round of the China Open. Sindhu, who recently won the Japan Open, lost a close three-game match. Following her exit, she publicly criticised the tournament's scheduling, highlighting the inadequate recovery time she received compared to her opponent. Other Indian shuttlers Ayush Shetty and Lakshya Sen also exited the men's singles.
Senior Congress leader Shashi Tharoor has articulated India's position on BRICS, advocating for it to be a "non-West, but not anti-West" platform, a stance he believes is crucial for India's national interest. He highlighted the prestige of hosting the BRICS summit, India's responsibility to represent the Global South, and the significance of bilateral meetings, particularly with China and Russia. Tharoor also addressed the strained India-China relations, citing border issues and trade leverage, and discussed the challenges within BRICS, including difficulties in achieving consensus on global issues and trade imbalances, while also considering the need for diversified international relations amidst unpredictable US sanctions.
The 20th Asian Games have officially commenced in Nagoya, Japan, with a vibrant opening ceremony. Emperor Naruhito declared the Games open, which saw contingents from 45 nations and the OCA Refugee Team participate in the athletes' parade.
The highlight of the successful BRICS Summit was its ability to deliver a joint statement that all members, including Iran and the United Arab Emirates, embroiled in the war in West Asia, signed.
A new study published in AGU Advances reveals that extreme heat events are becoming more frequent and expanding beyond traditional summer months globally. This expansion is asymmetric, occurring earlier in spring in regions like western Europe and northwestern India, and later into autumn in areas such as the western US and eastern China. Researchers highlight the challenges this poses for human acclimatisation and community preparedness, as existing infrastructure like cooling centres are built around historical summer calendars.
Indian badminton ace P V Sindhu was eliminated from the China Open after a tough three-game loss to local favourite and world number four Chen Yufei in the second round. Despite winning the first game, Sindhu couldn't maintain her lead, eventually losing 21-16, 20-22, 18-21 in a match lasting nearly 90 minutes.
Former badminton coach Vimal Kumar expresses optimism about India's medal prospects at the upcoming Asian Games, suggesting they can surpass their previous tally of three. He stresses the critical need for Indian singles players, including Lakshya Sen and Ayush Shetty, to overcome inconsistencies and deliver under pressure. Kumar also highlights the challenges posed by the new 15-point format and the highly competitive nature of men's singles badminton.
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.
India's under-21 men's and women's hockey teams are set to begin their AHF Junior Asia Cup campaigns in Moqi, China. The men's team aims for a record-extending sixth title, while the women's team seeks a hat-trick of trophies, both having undergone extensive preparations and exposure tours.
The Indian women's junior hockey team, led by Khaidem Shileima Chanu and coached by Tim White, is set to compete in the AHF Women's Junior Asia Cup in Moqi, China, from September 4 to 13. The team has undergone extensive preparations, including an exposure tour to the UK and matches against an India A side, and is confident of a strong performance against top Asian rivals.
Prachiti Nagpurkar, a former chartered accountant, has made history as the first Indian to referee a mixed martial arts (MMA) bout at the Asian Games in Nagoya. She left her lucrative profession to pursue her passion for MMA, where she also owns a gym and trains fighters. Nagpurkar advocates for women in male-dominated sports, expressing pride in her role as a female official in the cage.
This article details the quarter-century journey of BRICS, from its inception as an economic acronym by a Goldman Sachs economist to its current status as an expanded eleven-member international bloc. It highlights its growth, key historical moments, and the significance of its upcoming summit, particularly with Iran's renewed importance in discussions.
For India, the goal is not simply to host another grand diplomatic gathering. It is to prove that a diverse coalition of emerging powers can still deliver.
India's dual pursuit of a robust strategic partnership with Washington and a pragmatic, tension-management policy with Beijing represents the essence of modern multi-alignment. By embracing economic pragmatism, learning to compartmentalize political differences, and engaging in continuous dialogue, India can secure its borders, grow its economy, and contribute to a stable, multipolar Asian century, points out Ambassador Rajasekhar.
A comprehensive schedule detailing the events and timings for Indian athletes participating in various sports at the Asian Games, including badminton, boxing, canoeing, equestrian, fencing, hockey, kabaddi, rowing, soft tennis, sepaktakraw, shooting, squash, swimming, table tennis, weightlifting, and wushu.
Industry leaders at an AIMA panel discussion emphasised the need for businesses to quickly adapt to changing market conditions and invest in technologies like artificial intelligence to build resilience and achieve long-term growth. They highlighted the current era of uncertainty driven by geopolitical tensions, supply chain disruptions, and rapid regulatory changes, stressing that tactical responses are as crucial as long-term strategy.
Pakistan is set to participate in the Men's Asian Champions Trophy hockey tournament in India, with Punjab Chief Minister Bhagwant Mann confirming the union government's policy allows multi-lateral engagements despite bilateral tensions. The tournament, featuring six nations including India and Pakistan, will be held from October 27 to November 5 in Jalandhar and Mohali, with free entry for all matches.
India's IT Ministry sources state the country will not slow down its Artificial Intelligence development, distinguishing its focus on people-centric applications from global concerns over frontier models. The government acknowledges AI safety risks and is tightening incident reporting norms, with IT Minister Ashwini Vaishnaw emphasising regulation for user safety.
Beijing clearly intends to extend the China-Myanmar Economic Corridor to Bangladesh as part of its larger Maritime Belt and Road Initiative to boost its Indian Ocean presence.
Indian Olympic Association president P T Usha has voiced strong objections to the Aichi-Nagoya Asian Games organisers' decision to forgo a conventional Athletes Village, opting instead for dispersed accommodation including a cruise ship. Usha, a former Asian Games athlete, highlighted the importance of a centralised village for athlete interaction and expressed concerns about logistical challenges and venue distances. She believes the traditional village system will endure despite this experiment and shared her excitement for India's performance and future hosting ambitions.
India's venture capital deal value grew by a modest 5 per cent in the first seven months of the year, significantly lagging the global average surge of 161 per cent, reflecting continued investor caution and valuation discipline.
Pakistan women's cricket team secured a narrow three-wicket victory over Thailand in a low-scoring thriller at the 2026 Asian Games, qualifying for the semi-finals despite a challenging chase in a rain-affected match.
The Indian junior women's hockey team secured a spot in the Asia Cup quarterfinals after a dominant 7-0 victory over Japan. This win marks their third consecutive triumph in the Elite Pool, placing them at the top with nine points. They will now face China to determine the top position in the pool.
Bengaluru-based Remidio Innovative Solutions has secured a patent from the Japan Patent Office for its deep learning system that automates retinal image capture. This new patent enhances their existing intellectual property in Japan, strengthening their integrated AI platform and making retinal screening more accessible and cost-effective.
India's large contingent of 501 athletes is set to compete at the 20th Asian Games in Nagoya, Japan, aiming to showcase the nation's growing sporting depth and its ambition to become a global top-10 sporting power by 2036. Despite initial accommodation challenges, the focus is on building on the momentum from the record 2022 Hangzhou Games, with strong medal hopes in shooting, athletics, cricket, badminton, and hockey.
Wushu player Divyanshi Choudhary has alleged physical and mental harassment by the national federation after being dropped from the Asian Games squad on medical grounds. Choudhary claims she was replaced despite doctor's clearance, while the Wushu Association of India maintains she had an ACL tear. The athlete, who defeated her replacement in trials, expressed distress and even threatened self-harm in a video.
A massive mudslide near the China-Nepal border in Tibet has left three people dead and 588 missing. Chinese President Xi Jinping has ordered all-out rescue efforts, with the PLA mobilising forces for search and relief operations in the affected Gyirong County. The Indian Embassy has also issued an advisory for stranded Indians.
Indian women's cricket team captain Harmanpreet Kaur expressed her joy and hope after securing a gold medal at the Asian Games, defeating Sri Lanka. She believes this victory will inspire other Indian athletes to win more medals and highlighted the team's focus on adapting to conditions despite initial concerns about facilities in Japan. Kaur also reflected on the unique experience of winning a medal for the country compared to traditional trophies.
Double Olympic medallist Manu Bhaker and defending shot put champion Tajinderpal Singh Toor have been selected as India's flag-bearers for the Asian Games opening ceremony. This decision highlights the significant contributions of shooting and athletics to India's medal tally, with a 158-strong contingent participating in the event.
The Indian men's badminton team secured a medal at the Asian Games by defeating Japan 3-0 in the quarterfinals, highlighted by Lakshya Sen's incredible comeback victory. While the men celebrated, the women's team exited the tournament after a 1-3 loss to Japan.
Wushu player Divyanshi Choudhary, dropped from the Asian Games squad due to an alleged ACL tear, has accused the national federation of physical and mental harassment, claiming she was cleared by doctors to compete and was replaced unfairly.
Wushu player Divyanshi Choudhary, dropped from the Asian Games squad due to an alleged ACL tear, has accused the national federation of physical and mental harassment, claiming she was medically cleared to compete. The Wushu Association of India maintains she was replaced due to a high-grade ACL tear confirmed by MRI, while Divyanshi alleges foul play to favour another athlete.
The 20th Aichi-Nagoya Asian Games, running from September 19 to October 4, will feature approximately 17,000 athletes from 45 countries competing in 469 medal events across 43 sports. Japan hosts for the third time, introducing new sports like mixed martial arts and virtual taekwondo, while also serving as a qualifier for the 2028 Los Angeles Olympics.
'God has given me a second life.'
The US House of Representatives has advanced a bill that would empower President Donald Trump to impose 100 per cent tariffs on countries, including India, that purchase oil and gas from Russia, and also extend sanctions on Iran. The legislation, which previously passed the Senate, aims to curb Russia's energy revenue amidst the Ukraine conflict.
India's exports of printed circuit boards (PCBs) to China dramatically increased over 40-fold to $1.5 billion in FY26, indicating a significant shift where China is increasingly importing simpler electronic assemblies from India as it focuses on higher-value manufacturing domestically.
Pakistan has formally requested the Asian Hockey Federation to move its Asian Champions Trophy matches from India to a neutral venue, citing a "sensitive bilateral situation" and security concerns. The tournament is scheduled for October 27 to November 5 in Mohali and Jalandhar. This request follows earlier claims of Pakistan's participation and past withdrawals from events in India.
The Indian Under-17 Women's football team played two goalless draws against Uzbekistan in friendly matches held in Tashkent. These matches served as preparation for the upcoming AFC U17 Women's Asian Cup China 2027 Qualifiers.
India is hosting the 18th BRICS Summit in New Delhi, bringing together numerous world leaders including presidents from China, Russia, South Africa, Iran, and Egypt, along with prime ministers and foreign ministers from other nations. The summit will feature bilateral talks and highlights the expanded BRICS grouping's growing global influence and India's significant role as a founding member and current chair.
