The Indian government has mandated that banks and payment providers cannot levy charges on UPI transactions up to Rs 2,000 or on payments made via RuPay debit cards. This directive follows an amendment to the Payment and Settlement Systems Act, 2007, aiming to sustain and expand the digital payments ecosystem.
Mamata Banerjee, who founded the Trinamool Congress through an act of rebellion against the Congress, now faces a similar internal revolt that threatens the very identity of her party. The Election Commission's interim decision to withhold the TMC name and symbol for the upcoming bypolls highlights a deeper struggle for political inheritance. This situation, unprecedented for the party, forces both Mamata's loyalists and rebels to seek electoral recognition without their established identity, marking a significant challenge to her long-standing dominance.
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."
'Ultimately, banks are a channel for people to get some long-term return, and this means banks need to adjust their asset-liability mismatch.' 'Customers also need long-term deposits, say those of three-five years. How would they get them if returns on those deposits do not climb?' 'Otherwise, on fixed deposits, a senior citizen doesn't get anything.'
The CPI and CPI(M) have announced they will contest one Assembly segment each in the upcoming Tamil Nadu bypolls, while continuing their outside support for the ruling TVK. This decision creates a five-cornered contest and highlights the Left parties' independent stance, aimed at preventing indirect BJP influence and addressing public issues.
Pakistan's government is exploring measures, including potential smart lockdowns and austerity, to reduce petroleum consumption. This comes after recent fuel price hikes driven by rising global oil prices and West Asia tensions, which have also raised concerns about oil supply disruptions. The government is also implementing a fuel relief scheme and faces public pressure over the price increases.
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.
Air Marshal (retd) Jeetendra Mishra has been appointed as the first Chief Executive Officer (CEO) of the Shri Ram Janmbhoomi Teerth Kshetra Trust. His selection follows a rigorous process and comes amidst a recent controversy regarding alleged embezzlement of temple donations.
Some see in the CJP the potential of weakening the Opposition. Hence the BJP/RSS's 'softly softly catchee monkey' approach, with co-option being the ultimate aim, points out Aditi Phadnis.
'IN-SPACe like an octopus is stretching its tentacles everywhere and choking ISRO.'
Olympian Vinesh Phogat has moved the Delhi High Court challenging two show-cause notices issued by the Wrestling Federation of India (WFI) and subsequent disciplinary proceedings.
The Indian Olympic Association (IOA) has approved significant constitutional changes to align with the National Sports Governance Act (NSGA).
UEFA vice-president Laura McAllister stated that UEFA is actively seeking a credible challenger to FIFA President Gianni Infantino for the upcoming March election, emphasising the need for a candidate capable of uniting football's confederations and delivering lasting governance reform, rather than merely installing a European figurehead.
Hockey India is set to hold an emergent Executive Board meeting on September 18 to address a deepening internal controversy involving President Dilip Tirkey and Secretary Bhola Nath Singh, stemming from a jersey colour change. The meeting will also focus on restructuring the Hockey India League (HIL) to create an independent Governing Council with franchise involvement, and discuss upcoming elections and Asian Champions Trophy hosting.
The Supreme Court has stayed the reinstatement of IAS officer Rinku Dhugga, who was compulsorily retired by the Centre following a controversy involving the Thyagaraj Stadium. The Centre challenged the Delhi High Court's decision to set aside her compulsory retirement, which was initially ordered after allegations of misusing the stadium for dog walking and unauthorised absence.
Quota activist Manoj Jarange has accused Maharashtra Chief Minister Devendra Fadnavis and cabinet colleague Radhakrishna Vikhe Patil of deceiving the Maratha community on the reservation issue, even as he accepted IV fluids on the 11th day of his indefinite hunger strike due to deteriorating health.
The BCCI has summoned Gautam Gambhir, Ajit Agarkar and V V S Laxman to Mumbai on Thursday to review India's disappointing performances in Ireland and England.
The Mamata Banerjee-led Trinamool Congress faction has announced Sanchita Pradhan (Dey) and Rabiul Alam Chowdhury as its candidates for the upcoming Nandigram and Rejinagar assembly by-elections in West Bengal. This announcement comes amidst a significant split within the TMC, with a rival faction led by Ritabrata Banerjee also vying for control of the party's name and symbol. The Election Commission is currently deliberating on the claims of both factions, a decision that will critically impact the by-polls scheduled for October 6.
The BJP has accused the Congress of spreading "fake news" regarding UPI transaction charges, asserting that the government has clarified that consumers will not be levied merchant discount rate (MDR) charges. This comes after the Congress criticised a government notification, alleging it paves the way for imposing fees on UPI transactions. The BJP has strongly refuted these claims, highlighting that most UPI transactions remain free and the government provides incentives to maintain a charge-free ecosystem for users.
The BJP has announced Hasirani Rath, mother of slain former aide to Suvendu Adhikari, as its candidate for the Nandigram bypoll, aiming for an emotive campaign. The party also named Sakharav Sarkar for the Rejinagar seat. These bypolls are set against a backdrop of multi-cornered contests and internal TMC disputes, with voting scheduled for October 6.
K L Rahul is likely to be named India's vice-captain for the upcoming three-match ODI series against the West Indies, starting on September 27.
The Indian government has introduced a 0.4% fee on UPI transactions above Rs 2,000 for merchants, effective October 15, sparking strong opposition from political parties and traders. Despite accusations of foreign influence and demands for a rollback, the finance ministry and top functionaries have stated there will be no reversal, citing the need for a self-sustaining digital payments ecosystem.
The Supreme Court has issued a directive for the Shri Banke Bihari Temple in Vrindavan, mandating that all donations must be deposited into official donation boxes or the online temple treasury. This comes amidst serious allegations of sevayats siphoning off funds and obstructing online donation methods, highlighting the need for a transparent mechanism in temple management.
Archery Association of India secretary general Virendra Sachdeva has been nominated as a member of the Commonwealth Games Committee by the World Archery.
HDFC Bank has submitted two names to the Reserve Bank of India for the managing director and chief executive position, following incumbent Sashidhar Jagdishan's decision not to seek reappointment. The bank also announced board changes, increasing whole-time directors to four and appointing Jimmy Tata as an executive director. This move comes as Jagdishan's term ends in October, creating a tight timeline for succession.
Sculptor Akash Tirmal explains how he designed the 22 feet idol of Ganesh Galli's MumbaiCha Raja using Plaster of Paris, without any readymade moulds.
Potential external candidates include Anup Bagchi, Rajiv Sabharwal and CSB Bank's Pralay Mondal.
Activist Manish Brahmbhatt has launched the Cockroach Janta Party-Democratic (CJP-D) as an alternative to the existing Cockroach Janta Party (CJP). Brahmbhatt alleges that the CJP, led by Abhijeet Dipke, has deviated from its student-led origins, becoming too aligned with the Aam Aadmi Party (AAP) and failing to represent its diverse volunteer base, particularly regarding issues like examination paper leaks.
'Xi is conveying that China is a pre-eminent power, and India should modulate its actions or approaches accordingly.'
Several vital parliamentary committees, including those dealing with ethics, rules, and financial matters, are yet to be formally reconstituted. This delay affects the functioning of the Lok Sabha and the oversight of government operations.
Their message is blunt: Public scientific wealth should not be transferred at what they describe as 'throwaway prices'.capability, recruitment, promotional avenues and the voice of its employees.
Hockey India is embroiled in a significant internal dispute between President Dilip Tirkey and Secretary Bhola Nath Singh, primarily over a controversial jersey colour change and the authority to call emergent meetings. An upcoming Executive Board meeting aims to address these differences, discuss the future of the Hockey India League (HIL) including its restructuring into a joint venture, finalise election dates, and deliberate on hosting Asian Champions Trophy events.
Pakistan opener Imam-ul-Haq has returned home from England amidst a PCB inquiry into his calf muscle injury, which is suspected to be faked. This follows the team's poor performance and drastic measures taken by the board, including sending players home and replacing coaches. Imam-ul-Haq has a history of similar injury allegations.
The Supreme Court has directed its High-Powered Enquiry Committee to prioritise and immediately submit an interim report on complaints of sexual assault faced by women protesters during the July 20 NEET agitation at Jantar Mantar.
BCCI Vice-President Rajiv Shukla has confirmed that Indian cricketers participating in the upcoming Asian Games in Japan will stay in designated accommodation provided by the Organising Committee, which, while comfortable, will not be five-star hotels due to scarcity in Nagoya. Both BCCI and IOA have addressed the arrangements, ensuring player comfort and suitable facilities.
The Supreme Court has dismissed a Public Interest Litigation (PIL) seeking mandatory and uniform labelling of ethanol percentage in petrol at fuel pumps. The petitioner, Narendra Kumar Goswami, was advised to approach the jurisdictional high court for relief, with the Attorney General arguing it was a proxy litigation.
Quota activist Manoj Jarange has launched an indefinite hunger strike, demanding that the Maharashtra government immediately issue caste certificates based on the 58 lakh Kunbi records identified earlier, asserting that the Maratha community will not grant any further time.
'How will this woman find her? And how does that affect her, because it's not a biological relationship.'
Delhi BJP president Virendra Sachdeva has been nominated as a member of the committee on Commonwealth Games to be held in Ahmedabad in 2030.
Chinese Foreign Minister Wang Yi stated that President Xi Jinping and Prime Minister Narendra Modi reached a crucial consensus during the BRICS summit, agreeing that China and India should be partners, not rivals. The leaders pledged to maintain peace and tranquility in border areas, deepen cooperation, and support each other in multilateral forums, aiming to strengthen the Global South and promote a multipolar world order.
