Karmayogi Bharat and OpenAI have signed an MoU to enhance AI capacity development across India's civil services. This partnership aims to equip government personnel with AI skills through the iGOT Karmayogi platform, fostering confident and responsible AI use for improved public outcomes and a future-ready civil service under Mission Karmayogi.
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.
"Essential services will continue to be available and people should not have any misunderstanding or confusion regarding this. Medical shops and pharma companies will continue to function as usual," Thackeray said.
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Elon Musk, CEO of SpaceX, stated that Starlink's services in India must be affordable for widespread adoption and that competition would benefit consumers, despite potentially reducing Reliance Jio's profits. He criticised Reliance Jio as a 'de facto monopoly' in India, alleging that certain business conglomerates were blocking Starlink's entry.
Government job aspirants in Patna staged a protest march demanding the cancellation of several recruitment exams, including for sub-inspector posts, citing alleged irregularities. The demonstration led to clashes with police, detentions, and disruption of public order and essential services. Protesters also called for an end to the contract system in BPSC exams and the publication of a job calendar.
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.
Punjab & Sind Bank MD and CEO Swarup Kumar Saha clarified that merchants cannot pass on Merchant Discount Rate (MDR) charges to customers for UPI payments, ensuring consumers only pay the displayed price. The new MDR structure, effective October 15, applies a 0.4% charge on P2M transactions above Rs 2,000, with specific flat rates for certain sectors, but small-value transactions remain free.
A strike by Dakshin Haryana Bijli Vitran Nigam (DHBVN) workers has caused widespread power outages across Gurugram, Faridabad, and Nuh districts since Wednesday night. Thousands of residents and industrial units are affected, leading to significant economic losses and disruption of essential services like water supply. Talks between authorities and striking employees have so far been inconclusive.
Nearly a month after devastating flash floods in Nepal, search operations are ongoing for approximately 6,000 people who remain unaccounted for. The floods, originating near the Nepal-Tibet border, caused widespread destruction, killing over 1,400 in Nepal and 43 in China, and damaging critical infrastructure. Identification of recovered bodies is a major challenge, often requiring DNA testing due to severe damage.
The Supreme Court is reviewing a Public Interest Litigation challenging Jantar Mantar's suitability as a protest site in New Delhi, citing inconvenience to local residents and disruption of essential services. The court has issued notices to the Centre and other parties to address concerns about access and movement in the area.
A 'Punjab Bandh' was observed on Thursday, leading to widespread closures of shops and private schools and road blockades across several districts, following the murder of anti-drug activist Parvinder Singh Jhota in Mansa on Tuesday. Jhota was shot by a chemist owner for questioning the sale of addictive drugs. The incident has triggered significant political backlash against the Aam Aadmi Party government, with various organisations and opposition parties demanding accountability and a CBI probe.
A state-wide bandh was observed across Punjab on Thursday following the murder of anti-drug activist Parvinder Singh Jhota in Mansa. Markets and educational institutions remained shut, and roads were blocked by protesters, disrupting traffic. Jhota was shot on Tuesday for questioning the illegal sale of addictive drugs. His family, supported by various political parties and farmer unions, has refused to perform his last rites until justice is delivered, demanding resignations of top officials and a CBI probe. The incident has intensified the political debate on drug menace and law and order in Punjab.
The Delhi Traffic Police has issued a detailed advisory regarding traffic restrictions and diversions during the upcoming BRICS Summit from September 12-13. While Delhi will not be shut down, commuters should expect temporary stoppages and diversions, especially on routes used by VVIP convoys. The advisory covers movement for residents, essential services, public transport, and advice for exam candidates and hospital visitors, urging reliance on official updates.
The directive comes amid concerns over steep mark-ups on medicines and medical consumables sold at hospital pharmacies.
Experts laud the decision to impose a 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000, effective October 15. This move, along with a dedicated fund for small merchants, is seen as crucial for creating a sustainable digital payments ecosystem, incentivising expansion in rural areas, and funding innovation while keeping most transactions free for users.
The Swadeshi Jagran Manch (SJM) has urged the Indian government to deny permission to Elon Musk's Starlink for commercial satellite broadband services, citing national security concerns. The RSS-affiliated organisation highlighted issues with data bypassing Indian gateways and the potential for misuse by hostile actors, advocating for indigenous solutions.
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.
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.
The Finance Ministry has clarified that the decision to impose a 0.4% Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 was made independently, refuting claims of foreign influence. The ministry stated the policy aims to build a self-sustaining digital payments ecosystem, with MDR funding infrastructure and supporting small merchants.
The Finance Ministry has refuted allegations that US pressure influenced the decision to levy a 0.4% Merchant Discount Rate (MDR) on select UPI payments. It clarified that NPCI guidelines prioritise RuPay credit cards on UPI to foster a domestic payment ecosystem and that the MDR introduction aims to create a sustainable revenue model for smaller domestic companies, thereby protecting India's sovereignty in digital payments.
The Supreme Court has ordered the reinstatement of R Saravanan, a deputy registrar of Periyar University, who was dismissed for alleged disproportionate assets. The court observed that dismissal is akin to a "death penalty" for a government servant and criticised the university's inquiry for lacking evidence, upholding the single-judge bench's decision.
A powerful magnitude 7.0 earthquake struck China's Tibet region on Thursday, resulting in at least 16 fatalities and 54 injuries. The quake, with its epicentre east-northeast of Nagqu city, caused significant damage, including the collapse of 339 houses, and led to the suspension of train services. Rescue operations are underway, with Chinese President Xi Jinping calling for all-out relief efforts.
Bihar is facing a severe flood situation with the Central Water Commission issuing an 'Orange' bulletin as the Gandak and Ganga rivers flow above danger marks, leading to embankment breaches and inundation in Saran and other districts. Relief and rescue operations are intensifying with NDRF and SDRF teams deployed, and ration packets being air-dropped to affected areas.
Pakistan and the European Union have agreed to enhance their cooperation in combating terrorism across all forms. This commitment was solidified during the 10th Pakistan-EU Bilateral Counterterrorism Dialogue in Islamabad, where both sides condemned terrorism and discussed evolving threats, including those in cyberspace. They also expressed concern over the security situation in Afghanistan and pledged to work together in multilateral forums.
Citizens in Delhi faced significant restrictions and detentions on Saturday while attempting to protest alleged irregularities in voter rolls. Despite barricades, metro closures, and vehicle diversions, individuals found various ways to reach central Delhi, determined to voice their concerns about the electoral process and fundamental rights.
Elon Musk has renewed his criticism of Mukesh Ambani regarding Starlink's entry into India, accusing Ambani's supporters of hypocrisy for simultaneously claiming Starlink can't compete with low prices and that it poses a strong competitive threat. Musk argues that competition would benefit Indian consumers and that Starlink would adjust pricing if too expensive. He also shared reports alleging Reliance-funded political donations. Communications Minister Jyotiraditya Scindia stated India does not permit monopolies and that multiple players, including Starlink, have received satcom licences.
Union Home Secretary Govind Mohan has tendered an unconditional apology to the Supreme Court for imposing restrictions in Delhi ahead of an October 10 protest, stating there was no deliberate non-compliance with the court's order. The Centre's communication was aimed at maintaining peace and preventing public order disturbances, citing a protest allegedly planned without permission and past experiences.
The Allahabad High Court has ruled that an Arya Samaj marriage certificate alone does not prove a valid Hindu marriage unless essential ceremonies under the Hindu Marriage Act are performed. This decision led to the reinstatement of an SSB officer who was dismissed for allegedly falsely declaring his marital status, as the court found no evidence of the required rituals in his disputed marriage.
Prime Minister Narendra Modi emphasised the democratisation of technology to ensure no section of society is left behind, advocating for affordable and accessible digital services, especially for the Global South. He highlighted the potential of Digital Public Infrastructure (DPI) and called for solutions to cyber fraud, global standards for emerging tech, and mechanisms to identify AI-generated content during his interaction with GSMA board members.
UPI transactions saw a 27% volume increase and 20% value increase in the first half of the current fiscal year. Despite a slight moderation in September, the digital payment system is set to implement a 0.4% merchant discount rate on transactions over Rs 2,000, aiming for a sustainable revenue model. Small merchants and person-to-person payments remain exempt, and UPI's global presence continues to expand.
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.
The Finance Ministry has refuted allegations that US pressure influenced the decision to levy a 0.4 per cent Merchant Discount Rate (MDR) on select UPI payments. The ministry clarified that the NPCI guidelines prioritise RuPay credit cards on UPI to promote domestic alternatives and ensure a self-sustaining revenue model for smaller domestic companies, countering claims of favouring foreign payment providers.
Bankers said the impact could become more visible from September 29 as customers could withdraw larger amounts of cash, although ATM operations are increasingly managed through third-party cash-loading arrangements.
Banking services across India, particularly at public sector banks, are set to be disrupted for three days starting Monday due to a nationwide strike by bank unions. The strike, called by the United Forum of Bank Unions (UFBU), is primarily to press for a five-day working week and other demands, despite the finance ministry's appeal for dialogue.
The Supreme Court has granted the Centre an extension until October 15 to file its response on petitions concerning the closure of metro stations and disruption of train services in Delhi during protests against Chief Election Commissioner Gyanesh Kumar and the Special Intensive Revision of electoral rolls. The court also deferred a crucial hearing, issued notice on a petition challenging the immunity of election commissioners, and sought a Delhi Police officer's presence regarding alleged assaults on women journalists. Earlier, the court had directed authorities to ensure normal public transport and prevent unlawful detentions.
A video showing a senior woman IPS officer, Ankita Sharma, firing an AK-47 during a traditional Shastra Puja on Dussehra in Rajnandgaon, Chhattisgarh, has gone viral. The incident has ignited a debate over weapon handling protocols and safety, with some defending her actions as tradition while others, including military experts, criticised the perceived recklessness.
Around 40 pilots of SpiceJet's Q400 aircraft fleet refused to fly till the airline cleared their salary dues, a stance that has been supported by pilots' grouping ALPA India, according to sources.
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.
Kerala Home Minister Ramesh Chennithala announced plans to strengthen the state police's Cyberdome to combat cybersecurity threats and deploy indigenously developed robots for traffic management and disaster response. He emphasised the need for coordinated efforts to address growing cyber challenges and protect critical infrastructure, while also highlighting the role of the CoCoN conference in sharing knowledge.
