The Congress party has demanded the resignation of Chief Election Commissioner Gyanesh Kumar, alleging "vote chori" and treason, following a media report revealing that two other Election Commissioners had formally objected to decisions regarding the Special Intensive Revision of electoral rolls. Rahul Gandhi and Mallikarjun Kharge have accused the BJP, RSS, and EC of undermining democracy, citing concerns over voter list tampering and lack of transparency.
The GST Council is set to discuss the application of GST on merchant fees for UPI transactions exceeding Rs 2,000. This comes as a new Merchant Discount Rate (MDR) of 0.4% (capped at Rs 300) is effective from October 15 for such transactions, which, as a service, would typically attract an 18% GST levy. The Council's decision is anticipated to consider consumer interests, with merchants potentially able to claim Input Tax Credit.
Election Commissioners Sukhbir Singh Sandhu and Vivek Joshi repeatedly recorded that they had not been consulted or informed about decisions taken in the Commission's name, revealed an Indian Express report on Wednesday morning.
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.
Bangladesh has stated there is "no rush" for Prime Minister Tarique Rahman's visit to India, emphasising that Dhaka will not compromise its national interests. State Minister Humaiun Kobir indicated the visit would occur after sufficient bilateral progress. The visit is crucial for mending India-Bangladesh ties, which have been strained, particularly following the ouster of former PM Sheikh Hasina and Bangladesh's subsequent extradition request.
Opposition MPs have voiced strong concerns regarding the government's decision to levy a 0.4 per cent fee on UPI payments above Rs 2,000 made to merchants, effective October 15. They argue that this "anti-people" move will negatively impact a large segment of the population, despite the finance ministry clarifying that the charge is on the merchant ecosystem and not directly on customers for P2P or small payments.
Tata Sons has provided Tata Trusts with three legal opinions, including those from former Supreme Court judges BN Srikrishna and UU Lalit, to assert the validity of N Chandrasekaran's reappointment as chairman for another five years, following queries from Tata Trusts regarding the September 17 board meeting resolution.
The National Payments Corporation of India (NPCI) stated that the Merchant Discount Rate (MDR) "is distributed only amongst the UPI ecosystem, to further invest into infrastructure resilience, innovation, cybersecurity (protecting the UPI infrastructure with banks and non-banks) and customer service."
Shapoorji Pallonji Mistry's statement will be watched closely against the backdrop of the listing battle as well as the Tata leadership contest, with veto votes being cast over the reappointment of N Chandrasekaran as chairman of Tata Sons for a third term.
The Supreme Court has indicated that its judges may personally visit the National Testing Agency (NTA) to examine its upgraded facilities aimed at preventing recurring NEET paper leaks. This unusual move underscores the court's emphasis on institutional strengthening and permanent solutions. The NTA informed the bench that it has overhauled its system, while a high-powered panel is also working on structural reforms to ensure foolproof examination processes.
The government is introducing a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant payments above Rs 2,000, effective October 15. This move ends the zero-MDR regime, aiming to fund UPI infrastructure and sustainability, as the previous government subsidy was insufficient to cover operational costs. Payments between individuals and most everyday merchant transactions will remain free.
'Major unions should be included. If this goes on, decision-making will become heavily one-sided and we will be forced to continue our strikes.'
The Supreme Court has ordered the Delhi and Gurugram police to explain why the body of missing Delhi realtor Yuvraj Singh Manchanda was cremated without identification and why details were not uploaded to the CCTNS portal. This directive comes after Manchanda's family alleged they were not informed about the recovery of his body, which was found in Gurugram and cremated before they were notified. The court also referenced its earlier directives on prompt FIR registration for missing persons, highlighting concerns about human trafficking and the need for an all-India police grid.
The Congress party has accused the Modi government of succumbing to US pressure by introducing a 0.4% Merchant Discount Rate (MDR) on UPI transactions over Rs 2,000 for merchants. The party alleges this move aims to benefit US card companies and links it to broader US actions against India, including tariffs and H-1B visa issues. The government, however, clarifies that consumers will not be charged.
The Congress party has criticised the Modi government over a notification regarding UPI transactions, alleging it paves the way for imposing fees, especially on transactions above Rs 2,000. Rahul Gandhi claimed the government is surrendering to American pressure, while Mallikarjun Kharge highlighted the potential burden on common citizens amidst inflation. The government's notification prohibits charges on UPI transactions up to Rs 2,000 but remains silent on higher amounts, sparking fears of a "Digital Payments Tax."
The Congress party has strongly refuted government claims that its MPs on the Parliament Standing Committee on Finance supported a fee on high-value UPI payments. Congress leaders, including Gaurav Gogoi and Manish Tewari, stated that the "UPI tax" proposal was not specifically discussed by the committee, accusing the Modi government of diverting attention from public backlash and appeasing US companies. The government, however, cited the committee's report which pressed for a tiered Merchant Discount Rate (MDR) framework.
'My biggest fear about AI is that humans are going to rush to deploy it before AI is ready.'
The question for the next 20 years is not whether India can become a $5 trillion or $10 trillion economy. Those are attractive targets, but the real question is whether India can create enough productive jobs, educate its children properly, make its cities liveable, and give hundreds of millions of people a substantially better life, asserts Ramesh Menon.
'The issue appears to be less about Chandrasekaran personally and more about the direction Tata Sons should take.'
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.
A report by policy think tank The Dialogue reveals that India's artificial intelligence (AI) ecosystem is primarily constrained by a shortage of skilled talent and a lack of data standardisation, rather than market concentration. The study, which surveyed 308 stakeholders, found that talent availability and data usability are major concerns, with a significant reliance on open-source AI models.
The Supreme Court has indicated that individuals with a conscientious objection should not face criminal consequences for declining to sing Vande Mataram, while asking the Centre to consider a 1986 judgment protecting similar rights concerning the national anthem.
The Indian Embassy in Nepal has released a detailed procedure for identifying and repatriating the mortal remains of foreign nationals, including Indians, who perished in the recent devastating flash floods. The process involves a nine-step protocol by Nepali authorities, DNA matching for unidentified remains, and assistance from the Indian Embassy for coordination and repatriation.
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.
Jammu and Kashmir Chief Minister Omar Abdullah has expressed support for the Centre's decision to levy charges on UPI transactions, citing the cost of maintaining the digital payment infrastructure. However, he emphasised the need to protect retail consumers from these fees. Abdullah also discussed the upcoming seven-day Assembly session, highlighting the government's commitment to smooth functioning and addressing MLAs' concerns, and touched upon efforts to tackle drainage issues affecting water bodies.
In many ways, 17th century India occupied a position in the global economy comparable to that of the United States today. Just as millions of people now look towards America because of its economic opportunities, merchants, adventurers and trading companies once looked towards India.
India is set to import 1 million tonnes of raw sugar at zero duty after domestic stocks fell sharply and prices surged ahead of the festival season.
'I don't really expect the August increase in food prices, which was close to 6 per cent, to persist as we go close to the end of this year.'
The Unified Payments Interface (UPI) has completed a decade since its launch, becoming the backbone of India's digital payments ecosystem. It has seen exponential growth in transaction volume and value, expanding financial inclusion and setting a global benchmark for real-time payments.
Retired IPS officer Kiran Bedi has sought to intervene in a Delhi High Court case regarding the collapse of a hostel building in Satya Niketan, which resulted in seven deaths. The court acknowledged her experience despite opposition from the Centre, Delhi government, and MCD, who were given three days to respond to her plea. The High Court had previously ordered an inquiry into the September 6 collapse, highlighting concerns about housing safety and regulatory measures.
Pakistan is set to host the 14th South Asian Games in April next year across Islamabad, Lahore, and Peshawar, after a six-year delay. While the South Asia Olympic Council has approved the dates and venues, India's participation remains uncertain due to political tensions, despite its representative attending the planning meeting.
Prime Minister Narendra Modi's 76th birthday was marked by a flurry of greetings from global leaders, including Italian PM Giorgia Meloni, Israeli PM Benjamin Netanyahu, and Russian President Vladimir Putin, all underscoring strengthening bilateral ties and India's increasing stature on the world stage.
India's Sports Ministry has announced the formation of a 20-member National Sports Election Panel (NSEP), including two former Chief Election Commissioners, to oversee fair elections in national sports bodies. This panel, mandated by the National Sports Governance Act 2025, aims to streamline electoral processes. Additionally, the deadline for applications to the National Sports Tribunal (NST), which will handle sports disputes, has been extended.
'It is unfortunate that the Chairman of Tata Sons, a Company renowned for setting high standards of corporate governance, is contending reappointment on such an untenable interpretation of the Articles'.
The Indian government has introduced a 0.4% transaction fee on Unified Payments Interface (UPI) payments exceeding Rs 2,000 for merchants, effective October 15, marking the end of nearly six years of free service. Person-to-person transfers and small-value transactions below Rs 2,000 remain free. The new Merchant Discount Rate (MDR) is capped at Rs 300 for transactions above Rs 75,000, with differentiated rates for essential sectors and investments, and safeguards to prevent costs from being passed to consumers.
The successful hosting of the 18th BRICS summit in New Delhi has provided a significant boost to the BJP, offering a timely opportunity to strengthen its narrative against the opposition ahead of crucial assembly elections next year. BJP sources highlight the BRICS grouping's strong condemnation of the Pahalgam terror attack and the consensus declaration as major diplomatic victories for the Modi government, countering criticisms of its foreign policy. The party plans to leverage these outcomes during its month-long Seva Sankalp campaign to connect with various sections of society.
Three BJP allies, including LJP (Ram Vilas), TDP, and RLM, have called on the Election Commission for a clearer explanation regarding concerns raised by two Election Commissioners over the voter list revision process. Union Minister Chirag Paswan warned that public faith in elections was at stake, while the EC asserted that differing views among its members were normal and final decisions were unanimous.
A small contingent of the 74-member Indian athletics team is still awaiting visa clearance for Japan, potentially impacting their acclimatisation camp ahead of the Asian Games in Aichi-Nagoya. AFI officials are working to resolve the issue, which stems from VFS requirements regarding application locations.
Fast-moving consumer goods (FMCG) companies in India are committed to maintaining current prices through the festive season, despite facing increased commodity costs and geopolitical disruptions. This strategy aims to protect consumer demand and sustain volume growth, even as margins remain under pressure.
Sri Lanka Cricket is set to lose an estimated USD 20 million in revenue after the ICC stripped it of the hosting rights for the 2027 Women's Champions Trophy.
