RBI Deputy Governor S C Murmu stated that the introduction of merchant discount rate (MDR) on UPI transactions is unlikely to cause a shift back to cash, despite some concerns, emphasising that MDR will help the payments ecosystem recover costs.
Fuel pump dealers in Madhya Pradesh plan to stop accepting UPI payments exceeding Rs 2,000 for petrol and diesel from October 16, citing concerns over the proposed Merchant Discount Rate (MDR). The Confederation of All India Traders (CAIT) has urged the government to reconsider the MDR imposition, warning it could hinder digital payment adoption and impact traders' profits.
Union Minister Mansukh Mandaviya inaugurated the BRICS Traditional and Indigenous Sports Demonstration Games 2026 in Ahmedabad, emphasising the role of traditional sports in reflecting cultural identity and fostering international cooperation. The one-day event, hosted by the Ministry of Youth Affairs and Sports, brought together delegations from BRICS and partner countries to showcase indigenous sporting practices like Mallakhamb, Yogasana, and Kalaripayattu from India, alongside Wushu from China and Sambo from Russia. Gujarat Deputy Chief Minister Harsh Sanghavi also highlighted India's rich sporting heritage and proposed initiatives for global promotion and preservation of traditional sports.
Industry leaders at MRAM Expo 2026 highlighted that India's maintenance economy has the potential to unlock a 1 per cent GDP opportunity. This growth can be achieved by addressing productivity losses from equipment breakdowns, unplanned downtime, and inefficient assets through smarter asset management practices. The NITI Aayog also supports AI-based predictive maintenance for resilient infrastructure, while the Indian Asset Performance Management market is projected for substantial growth by 2033.
RSS chief Mohan Bhagwat stated that regime-change agitations do not resolve fundamental problems and can become instruments of political interests, fuelling divisions rather than delivering solutions. He also called for discernment in consuming information, especially from OTT platforms, and stressed the importance of national unity based on emotional bonds.
A gym operator in Surendranagar, Gujarat, has been arrested for allegedly blackmailing and extorting young women by falsely claiming to have their private photos from hidden cameras. Police conducted a decoy operation with female officers joining the gym to gather evidence before his arrest.
Police are investigating the suicide of IIT Bombay student Sahil Wakode, who died hours after being caught allegedly copying in an exam. The probe includes examining his phone calls expressing remorse and allegations of caste discrimination made by his family against a professor. Digital evidence and CCTV footage are being analysed to reconstruct the sequence of events.
Assam's Juvenile Justice Board has ruled that a 17-year-old boy, accused in the alleged rape and murder of a girl in Hailakandi district, will be tried as an adult. The decision was based on the heinous nature of the crime, psychological assessments, and other reports. The incident, which occurred on August 1, led to widespread protests and a chargesheet was filed against five accused, including the juvenile.
Reflecting his immense popularity, the channel crossed 14,000 subscribers within just one hour of its announcement.
Microsoft has officially launched its fourth cloud region in India, located in Hyderabad, as part of its USD 20.5 billion investment in the country's digital and AI infrastructure. This new facility, which became available on August 6, features zero-water cooling technology and aims to enhance capacity and resilience for organisations in India and Asia, supporting the nation's rapid digital growth and projected increase in data centre capacity.
Finance Minister Nirmala Sitharaman clarified that the proposed Merchant Discount Rate (MDR) on select high-value UPI transactions is not a tax or cess, and its collections will not go to the government. She explained that MDR is a charge within the digital payments ecosystem, shared among participants to maintain infrastructure, and will not be passed on to consumers. The NPCI's new framework, effective October 15, applies a 0.4% MDR on person-to-merchant UPI transactions above Rs 2,000, with most transactions remaining free and small merchants exempt.
Domestic passenger vehicle dispatches in India increased by 21.8 per cent year-on-year to 4,54,574 units in September, while two-wheeler sales rose 13.5 per cent to 24.63 lakh units, according to SIAM data.
Avenue Supermarts (DMart) reported lower-than-expected Q2FY27 performance, with revenue growth of 18.4 per cent year-on-year but visible margin pressure, leading to a 4.5 per cent stock drop. The company faces challenges from lower-margin sales, operating cost pressures, and aggressive store expansion, impacting profitability despite improved same-store sales growth.
India's services sector experienced its strongest growth in three months in September, with the HSBC India Services PMI Business Activity Index rising to 55.2, driven by a sharp increase in new orders and strengthening domestic demand.
State Bank of India has launched a suite of AI-powered digital innovations on its YONO platform, enhancing both retail and business banking services. These new features include a 3-in-1 digital onboarding process, a sustainability tracker, integrated trade finance, and an AI virtual assistant, aiming to provide intelligent and future-ready banking experiences for its 53 crore customers.
Government sources clarify that the 0.4% merchant discount rate (MDR) on UPI transactions above Rs 2,000, effective October 15, will not be passed on to consumers. The charge, paid by merchants, aims to create a sustainable revenue framework for the digital payments ecosystem, with funds shared among banks and UPI entities. Small merchants using QR codes for up to Rs 1 lakh monthly are exempt.
HCLTech has announced a global partnership with Anthropic to establish a dedicated business unit focused on developing agentic AI solutions for enterprise clients using Anthropic's Claude. The collaboration aims to help businesses adopt AI systems that operate with minimal human intervention, prioritising safety, cybersecurity, and governance. HCLSoftware will also integrate Claude into its enterprise products.
Researchers from Goa Institute of Management (GIM) and Goa Business School conducted a study analysing over 1.31 lakh posts on social media platform X using machine learning models. They found that indirect aggression is most common during major social, financial, sporting, and political events in India. The study classified aggression into overt, covert, and non-aggressive forms, noting that overt aggression remained relatively low but peaked during events like India's T20 World Cup loss. The findings have significant implications for online moderation and communication policies.
Trade and business associations across India are organising a 'No UPI Day' on October 2 to protest the upcoming 0.4 per cent merchant discount rate (MDR) on Unified Payments Interface (UPI) transactions exceeding 2,000, effective from October 15.
The National Investigation Agency (NIA) has arrested 13 individuals across Assam, West Bengal, and Kerala for their alleged involvement in a terror conspiracy orchestrated by Imam Mahmuder Kafila (IMK), an offshoot of the proscribed Jama'atul Mujahideen Bangladesh (JMB). The group aimed to radicalise youth and expand its extremist network in eastern and northeastern India through online modules, clandestine meetings, and propaganda.
Mahindra & Mahindra has officially expanded its popular compact SUV lineup with the launch of the Mahindra XUV 3XO ZNG, its first-ever mainstream CNG passenger vehicle at an introductory starting price of Rs 9.99 lakh (ex-showroom).
Haryana defeated Himachal Pradesh by seven wickets in their Ranji Trophy Group D match in Rohtak. Himanshu Rana and Dheeru Singh guided Haryana to chase down the 71-run target on the final day. Haryana had taken a 43-run first-innings lead and bowled out Himachal Pradesh for 113 in their second innings, securing six points from the victory.
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.
The Supreme Court on Thursday sought responses from the Centre and Delhi Police regarding an October 11 order that de-notified Jantar Mantar as a protest site and designated three alternative venues. The court will examine the rationale behind the relocation, especially concerning the efficacy of Jantar Mantar and the impact on the fundamental right to protest.
RBI Governor Sanjay Malhotra reiterated India's cautious stance on cryptocurrencies due to concerns over monetary sovereignty and capital flows, while actively promoting underlying technologies like distributed ledger technology and tokenisation. He also addressed the global rise in public debt and hardening bond yields, attributing it to increased government and private spending, including that driven by AI, and noted the implications of global interest rates on India's monetary policy.
Nandan Nilekani, head of the task force on exam reforms, stated on Tuesday that technology and a systematic approach can solve the issue of question paper leaks. He suggested generating exam papers from a large question bank at the last minute to remove economic incentives for leaks and also proposed moving towards computer-based testing.
Congress leader Rahul Gandhi arrived in Chennai on Saturday for the sixth edition of 'Chhatron Ki Goonj,' a youth outreach programme. He is scheduled to meet Chief Minister C Joseph Vijay, marking their first interaction since the formation of the SSJV alliance and TVK joining the INDIA bloc. The visit includes an unscripted interaction with students at Island Grounds, focusing on critical issues, amidst tight security arrangements.
Following South Africa's defeat in the 1st Test in Durban on Tuesday, October 13, Herschelle Gibbs wants Kagiso Rabada back, Marques Ackerman included and Ryan Rickelton moved down the order to keep wickets in the 2nd Test.
75% of India's 60 million digital-payment merchants have never recorded a transaction above 2,000.
BJD MP Santrupt Misra has voiced strong concerns over the Centre's decision to impose a 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, arguing that the government or large financial institutions could easily absorb the costs of maintaining the digital payment network instead of burdening merchants and consumers.
Queen Maxima of the Netherlands, the UN Secretary-General's Special Advocate for Financial Health, visited Mumbai to understand India's digital public infrastructure, including UPI and AI, in improving financial health for salaried individuals. She interacted with healthcare professionals and SalarySe leaders, praising India's advancements in financial inclusion and technology's role in empowering individuals.
A three-day conference, "Dharma in the Digital Age 2026," is taking place at the University of Houston, bringing together scholars and scientists to discuss how ancient Dharmic principles can address contemporary ethical, technological, and societal challenges, including AI, digital governance, and sustainability.
The Jammu and Kashmir Crime Branch has filed a chargesheet against 15 individuals in the Kishtwar minor's rape and death case. The chargesheet alleges a criminal conspiracy to conceal the sexual assault, intimidate the victim's family, and illegally terminate her advanced pregnancy. The 15-year-old tribal girl died on August 20 following an alleged abortion attempt after being repeatedly sexually assaulted by a teacher, resulting in pregnancy. Accused include the main perpetrator, health workers, and community elders involved in the cover-up and pressure tactics.
From television to the digital space, Niharika Tiwari has built a following with her glamorous, fashion-forward style.
Britain's AI Minister, Kanishka Narayan, issued a strong warning on Monday about the growing risks posed by artificial intelligence to cyber defences. He highlighted the potential for serious consequences from autonomous AI systems and announced new government measures, including a 'National Cyber Action Plan', to bolster the UK's resilience against cyber-attacks.
An Indian Navy sailor, Pradeep Mukherjee, has been arrested by the Andhra Pradesh Police Counter Intelligence cell for allegedly transmitting classified maritime intelligence to a Pakistani operative. The espionage operation reportedly involved a social media "honey-trap" where a female Pakistani intelligence operative extracted sensitive data on naval assets and operations from Mukherjee.
Tata Sons Chairman N Chandrasekaran views the group's investment in semiconductors not as a short-term financial play, but as a critical long-term commitment to India's growth and self-reliance in a sector vital for domestic consumption and global supply chains.
The Ahmedabad Cyber Crime Branch has arrested eight individuals and taken action against three minors in connection with nine FIRs related to online harassment, fake social media profiles, objectionable content circulation, and blackmail. The arrests were made under "Mission Cyber Rakshika," an initiative focused on protecting women from cyber-stalking and abuse.
Telangana police have arrested two individuals from Andhra Pradesh in connection with a large-scale cryptocurrency investment fraud. The accused allegedly operated a Ponzi scheme through a fake website, cheating around 500 victims of over Rs 10 crore by promising to double investments and offering commissions for recruiting new members.
The Gujarat Anti-Terrorist Squad (ATS) and Valsad police have apprehended three men in connection with the murder of Punjabi social media influencer and makeup artist Mad Sandhu in Amritsar. The arrests follow an earlier detention by Ahmedabad Crime Branch of an alleged shooter. The detained individuals were found in Vapi, Gujarat, and have been handed over to Punjab Police for further investigation into their roles, including reconnaissance.
